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Data I/O (DAIO)
NASDAQ:DAIO
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
$0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 14.75%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial position and cost control measures, with notable growth in the Asia channel. However, challenges in the automotive market and a decline in revenue impacted overall performance. The company is optimistic about future growth opportunities, despite current market headwinds.Company Guidance
In the third quarter of 2024, Data I/O Corporation provided guidance highlighting several key financial metrics and strategic initiatives. The company reported a cash balance of $12.4 million as of September 30, marking an increase of $1 million from the previous quarter, despite a 17% decline in revenue to $5.4 million compared to the same period last year. Operating expenses were reduced by 11% year-to-date, contributing to a positive adjusted EBITDA of $37,000 for the quarter. The firm maintained a strong backlog of $4.7 million, indicating future revenue potential. CEO William Wentworth emphasized plans to diversify revenue streams and expand into new markets beyond their current dominance in the automotive electronics sector. The company aims to leverage its strong balance sheet, enhance customer and supplier partnerships, and refine its product offerings to drive sustainable growth and higher margins in the future.Strong Cash Position
Cash balance at the end of Q3 2024 was $12.4 million, up $1 million from Q2, marking the highest level in 10 quarters.
Cost Control and Efficiency Improvements
Operating expenses were reduced by over $1 million year-to-date, a decrease of 11% from last year.
Growth in Asia Channel
Revenue from the Asia channel grew by 29% in Q3 2024 and 26% year-to-date.
Improved Gross Margin
Gross margin was sustained at 54% in Q3, consistent with the previous quarter and year despite lower sales volumes.
Positive Adjusted EBITDA
Achieved a positive adjusted EBITDA of $37,000 in Q3 2024.
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DAIO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DAIO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $2.44 | $2.55 | +4.51% |
| Jul 25, 2024 | $2.79 | $2.67 | -4.30% |
| Apr 25, 2024 | $3.55 | $3.14 | -11.55% |
| Feb 22, 2024 | $3.35 | $3.63 | +8.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Data I/O (DAIO) report earnings?
Data I/O (DAIO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Data I/O (DAIO) earnings time?
Data I/O (DAIO) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAIO EPS forecast?
DAIO EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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