Data I/o Corp (DAIO) Reports Q1 EPS of $0.01

Data I/o Corp (NASDAQ: DAIO) reported Q1 EPS of $0.01, versus ($0.04) reported last year. Revenue for the quarter came in at $5.9 million, versus $4.8 million reported last year.

"We were pleased to show strong revenue growth and a profit in the 2015 first quarter as positive momentum continued from customers in the automotive and European markets," stated Anthony Ambrose, President and CEO. "Our revenues and profitability could have been even higher, but were negatively affected by the strong U.S. dollar, which reduced the value of first quarter sales by approximately $400,000. We were able to partially offset this impact by controlling expenses, especially through engineering improvements and manufacturing efficiencies. In addition, we implemented selective price increases during the first quarter to further offset the strengthening U.S. dollar. We are working hard to manage costs and improve efficiencies. While we expect currency headwinds to remain throughout 2015, we are confident our growing product offerings and expense management will continue to position us well for long-term profitable growth."

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

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