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- NasdaqCM:DAIO
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
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:DAIO
Data I/O
Engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Germany, China, Mexico, and Korea.
Flawless balance sheet with low risk.
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