Data I/O Corporation reported a Q1 2026 loss of $0.34 per share, wider than the expected $0.19 loss, with revenue down 46.8% to $3.3 million.
Despite the miss, the stock surged 15.52% in after-hours trading, closing at $3.2, driven by optimism over strategic initiatives like the Programming as a Service model.
The company saw improved bookings in Europe and aims to sign multiple contracts by end of Q3 2026.
A $9 million investment and a planned acquisition expected to double revenue signal a transformative phase.
