Data I/O Reports Q2 Sales of $5.2M, First Look at Post-Acquisition Quarter
DAIO sits 40% above its 52-week low of $2.16.
Summary
Data I/O reported preliminary Q2 sales of $5.2 million, the first revenue figure since the transformative $23 million acquisition announced in May. This follows a brutal Q1 where sales plunged 47.4% to roughly $3.5 million, so the sequential improvement is notable but still well below pre-acquisition run rates. The $5.2 million likely includes a partial quarter contribution from the acquired business, which was expected to nearly double annual revenues. No profit or margin details were provided, leaving the bottom-line impact unclear. The company recently closed a $9 million dilutive placement and secured shareholder approval for further share issuance, so cash burn remains a key concern. The full 10-Q filing, now expected after an independent accounting and valuation analysis related to the $9 million direct investment, will be reported on August 12.
At the time of this announcement, DAIO was trading at $3.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $28.4M. The 52-week trading range was $2.16 to $4.49. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.