Data I/O (NASDAQ:DAIO) Q1 2024 Results
Main financial results
- Revenue: USD 6.1 million (-16% compared to Q1 2023).
- Net loss: USD 807,000 (down from profit of USD 95,000 in Q1 2023).
- Loss of US$0.089 per share (down from earnings of US$0.011 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Data I/O revenue and profits fall below expectations
Sales were 9.5% below analysts' expectations. Earnings per share (EPS) were also lower than analysts expected.
Looking ahead, revenues are expected to increase by an average of 13% per year over the next two years, compared to a growth forecast of 5.7% for the U.S. electronics industry.
performance of American electronics industry.
The company's stock price has fallen 8.5% from a week ago.
risk analysis
I should say we discovered Two warning signs for data I/O What you need to know before investing here.
Valuation is complex, but we help make it simple.
Check out our comprehensive analysis to see if Data I/O is potentially over or undervalued, including: Fair value estimates, risks and caveats, dividends, insider trading, and financial health.
See free analysis
Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.