Data I/O Reported Q3 2022 Results after Yesterday’s Close

(24/7 MARKET NEWS) – Data I/O Corporation (NASDAQ:DAIO) reported financial results, after yesterday’s market close, for the third quarter ended September 30, 2022. Call highlights include net income of $847,000, or $0.10 per share, and Anthony Ambrose, President and CEO of Data I/O Corporation, said, “Our performance in the third quarter was outstanding as we delivered strong bookings, operating income and cash generation. For the fourth consecutive quarter, we achieved bookings in excess of $6.0 million, with third quarter 2022 bookings of $7.1 million reaching the highest level in the past year, and the highest level for the third quarter in 5 years. Backlog at the end of the 2022 third quarter of $4.9 million was at the highest level for any third quarter period in the past 10 years.

Data I/O is trading at $3.56, up $0.48 (+15.58%), on nearly 260 thousand shares.

Its 52-week range is $2.61 to $6.42. Its next significant inflection point is about $3.85 and the following resistance levels appear to be weaker, up to the $4.50 level.

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