Data I/O Second Quarter 2024 Earnings: Misses Expectations

Data I/O (NASDAQ:DAIO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$5.06m (down 32% from 2Q 2023).
• Net loss: US$797.0k (down by 366% from US$300.0k profit in 2Q 2023).
• US$0.088 loss per share (down from US$0.034 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Data I/O Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 9.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Data I/O that you should be aware of.

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