Data I/O Corp. said its first-quarter normalized net income came to a loss of $104,380, compared with income of $36,250 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to negative 2.3% from 0.6% in the year-earlier period.
Total revenue declined 21.8% year over year to $4.6 million from $5.9 million, and total operating expenses fell 15.7% from the prior-year period to $4.8 million from $5.7 million.
Reported net income came to a loss of $158,900, or a loss of 2 cents per share, compared to income of $80,450, or 1 cents per share, in the year-earlier period.