earnings
confidence high
sentiment neutral
materiality 0.75
Data I/O Q2 revenue $5.2M up 59% QoQ; net loss widens on interest; M&A on track
DATA I/O CORP
- Revenue $5.2M, +59% sequentially from Q1 $3.3M; down from $5.9M YoY. Bookings $4.9M.
- Gross margin 57.0% vs 49.5% Q1 and 49.8% YoY. Operating loss -$724K vs -$844K YoY.
- Net loss -$1.629M (-$0.17/sh) vs -$742K (-$0.08) YoY; includes $873K interest on convertible debt.
- Cash $10.8M (vs $5.7M Q1); debt $6.2M converted to preferred equity after quarter.
- Transformational acquisition on track; exclusivity extended to end Aug; IAR security IP acquisition announced.