Data I/o Corp (NASDAQ: DAIO) reported Q4 EPS of ($0.01), $0.03 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $6.56 million versus the consensus estimate of $6.7 million.

Financial Outlook

The Company provided a financial outlook for 2023 upon reporting year end 2022 results. The third quarter 2023 financial results affirm its long-term growth prospects and operating discipline. For 2023, the Company now expects:

Double-digit revenue growth for the year, consistent with the long-term double-digit semiconductor growth rate in the automotive electronics industry;
Gross margins to be in the mid-to-high 50% range for the year; and
Operating expenses for the year to be higher than 2022 primarily due to increased R&D spending, sales commissions, variable compensation and currency effects.

For earnings history and earnings-related data on Data I/o Corp (DAIO) click here.