Data I/O Corp (DAIO) Reports Q4 EPS of $0.01
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Data I/O Corporation (Nasdaq: DAIO) reports Q4 GAAP EPS of $0.01 compared to $0.12 per diluted share in the fourth quarter of 2007.
Revenues were $5.6 million compared with $7.7 million in Q4 of 2007.
"..During Q4 we also took action to further reduce our operating expense to bring our estimated revenue breakeven under $5 million per quarter while increasing our cash reserves to $13.3 million. We were successful in adjusting the expense structure early enough such that the related savings allowed us to remain profitable in the fourth quarter and we are well positioned going into 2009."
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