While there are positive signs such as growth in Asia and operational improvements, the significant revenue decline, reduced gross margins, and net loss highlight substantial challenges. The sentiment is balanced with positive initiatives but overshadowed by financial declines.
Company Guidance
During the call, Data I/O provided guidance indicating a focus on expanding operational leverage and entering new markets, with efforts led by newly appointed VP of Sales and Marketing, Monty Reagan. The company has adopted a consultative sales approach, aiming to reduce the sales cycle from 140 days to 70 days, which has shown early positive results. Data I/O's strategy includes building out its algorithm library, which is a key performance indicator (KPI) for platform growth. Despite lower revenues, with fourth quarter revenue at $5.2 million and full-year 2024 sales at $21.8 million, Data I/O maintains a strong order backlog of $3.5 million. The company aims to improve its cost structure and leverage new go-to-market strategies, while also managing operating expenses, which were $4 million in Q4, including $620,000 in one-time charges. The company ended the year with $10.3 million in cash and no debt, and it plans to focus on strengthening its cash position to support future strategic investments.
Asian Market Growth
Despite challenges in other regions, Asia showed a 14% revenue growth for the year, demonstrating strong market potential in that region.
Strong Order Backlog
Order backlog increased by $700,000, ending at $3.5 million, indicating continued demand and future revenue potential.
Operational Efficiencies
Implemented AI agents and other technology, leading to reductions in production and service spending by $250,000, a 4% decrease from the prior year.
Consultative Sales Approach Success
New sales approach reduced the sales cycle from 140 to 70 days, indicating early success in engaging with customers more effectively.
---
Data I/O (DAIO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
---
DAIO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 27, 2025
$2.77
$2.81
+1.44%
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%
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.
---
FAQ
When does Data I/O (DAIO) report earnings?
Data I/O (DAIO) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Data I/O (DAIO) earnings time?
Data I/O (DAIO) earnings time is at Apr 24, 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.