Data I/O posts Q4 net loss of $1.2M as sales drop 25% YoY to $5.2M

DATA I/O CORP

Net loss ($1.2M) or ($0.13) per share vs net income $144k ($0.02) in Q4 2023.
Full year net loss ($3.1M) ($0.34/share) on sales of $21.8M, down 22% from $28.1M.
Gross margin fell to 52.2% from 58.0%; bookings $4.1M, down 42% YoY.
Adjusted EBITDA ($1.1M) in Q4 vs $514k positive; full year ($1.4M) vs $2.3M.
Cash $10.3M, down $2M, no debt; backlog $3.5M, deferred revenue $1.6M.

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