Automotive Electronics Momentum Drives 32% Growth in Bookings From First Quarter 2023
Significant Year-over-year Increases in Sales and Profits
REDMOND, Wash.–(BUSINESS WIRE)–Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June 30, 2023.
Second Quarter 2023 Highlights
Net sales of $7.4 million; bookings of $7.6 million
Quarter-end backlog of $3.8 million
Gross margin as a percentage of sales of 59.1%
Net income of $300,000 or $0.03 per diluted share
Adjusted EBITDA* of $869,000
Cash & Equivalents of $11.9 million; no debt
Automotive Electronics represented 63% of year to date 2023 bookings
SentriX® security provisioning platform delivering increased growth of pay-per-use revenues
5 new customer wins
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the table
We współpracy z: https://thenewscrypto.com/data-i-o-reports-second-quarter-2023-results/
