Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-1.18%
$2.78
0% positive prob.
5-Day Prediction
-5.50%
$2.66
0% positive prob.
20-Day Prediction
-5.56%
$2.65
0% positive prob.
SEC 8-K filings with transcript text
Feb 27, 2026 · 100% conf.
1D
-1.18%
$2.78
Act: -0.36%
5D
-5.50%
$2.66
Act: -0.36%
20D
-5.56%
$2.65
daio_8k.htm00003519988-KfalseWA00003519982026-02-262026-02-26iso4217:USDxbrli:sharesiso4217:USDxbrli:shares
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 26, 2026
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing fourth quarter 2025 results was made February 26, 2026 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Fourth Quarter 2025 Results
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
February 27, 2026 By: /s/ Charles J. DiBona
Charles J. DiBona
Vice President and Chief Financial Officer
3
Nov 3, 2025
daio_8k.htm00003519988-Kfalse00003519982025-10-302025-10-30iso4217:USDxbrli:sharesiso4217:USDxbrli:shares
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 30, 2025
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing third quarter 2025 results was made October 30, 2025 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Third Quarter 2025 Results
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
November 3, 2025 By:/s/ Charles J. DiBona
Charles J. DiBona Vice President & Chief Financial Officer
3
Jul 25, 2025
daio_8k.htm0000351998false00003519982025-07-242025-07-24iso4217:USDxbrli:sharesiso4217:USDxbrli:shares
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 24, 2025
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing second quarter 2025 results was made July 24, 2025 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Second Quarter 2025 Results
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
July 24, 2025 By: /s/ Todd J. Henne
Todd J. Henne
Interim Chief Financial Officer
3
Apr 25, 2025
8-K 1 f8k-q12025results.htm
f8k-q12025results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 24, 2025
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing first quarter 2025 results was made April 24, 2025 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports First Quarter 2025 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
April 24, 2025
By: /s/ Gerald Y. Ng
Gerald Y. Ng Vice President and Chief Financial Officer
Exhibit 99.0
Data I/O Reports First Quarter 2025 Results
Progress Made in Key Operational Areas
Product Development Milestones Set
Delivered Sequential Growth Despite Global Trade Tensions
Redmond, WA – April 24, 2025 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the first quarter ended March 31, 2025.
Management Comments
Commenting on the quarter ended March 31, 2025, William Wentworth, President and CEO of Data I/O Corporation, said, “We are very pleased to report progress in key operational areas during the first quarter, despite a challenging global economic environment. The period represents a first step in proving out the growth and market expansion strategies we have been implementing over the past several months.
“We achieved strong first quarter results, reporting increases in revenue, operating income, EBITDA and cash balance as compared sequentially to the fourth quarter. At the same time, efficiency improvements and streamlining operations resulted in a lower cost basis for manufacturing and overhead. We have made significant progress within a short period of time against a backdrop of significant economic and cross-border trade uncertainty. We remain cautious given the near-term headwinds, as this has created additional strain on the economy and stalled capital investments. We remain focused on setting the business up for sustainable growth by driving innovation and enhancing our products. Our team is energized as we enter a new era for the company with an opportunity to further implement our growth strategies.
“Furthermore, we are encouraged to see customers increase the utilization of their existing systems which we believe will result in a greater need for engineer
Mar 3, 2025
8-K 1 f8k-febq42024results1.htm
f8k-febq42024results1.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 27, 2025
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing fourth quarter 2024 results was made February 27, 2025 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Fourth Quarter 2024 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
February 27, 2025
By: /s/ Gerald Y. Ng
Gerald Y. NgVice President and Chief Financial Officer
Exhibit 99.0
Data I/O Reports Fourth Quarter 2024 Results
Company Announces New Era with Strategic Focus on Optimization of
Core Programming Platform and Enhanced Sales Process
Redmond, WA – February 27, 2025 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the fourth quarter ended December 31, 2024.
Management Comments
Commenting on the fiscal year ended December 31, 2024 and the Company’s future, William Wentworth, President and CEO of Data I/O Corporation, said, “Since being appointed CEO in October 2024, I have spent a great deal of time strategizing with our leadership team and global workforce, reviewing all internal and external operations and sales processes, analyzing our programming technologies, assessing the competitive landscape, visiting with our customers and partners around the world, and meeting with shareholders and prospective investors. I am even more confident in our brand position and potential to become the platform of choice for our partners.
“Our team is optimizing the current programming platform and initiating a consultative sales process that has proven to be successful throughout the technology landscape. It is worth reiterating that I’ve been intimately involved in the programmable semiconductor industry for more than 40 years. Source Electronics, while I was founder and CEO, became the largest independent programming center business. This experience gives Data I/O a unique perspective of customer needs. Over the past five months since the CEO transition, our team has hit the ground running by leveraging our collective industry backgrounds as we develop plans to accelerate growth, drive profitability and expand market share.
“In 2024 unde
Oct 25, 2024
8-K 1 f8k_q32024results.htm
f8k_q32024results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 24, 2024
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing third quarter 2024 results was made October 24, 2024 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Third Quarter 2024 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
October 24, 2024
By: /s/ Gerald Y. Ng
Gerald Y. NgVice President and Chief Financial Officer
Exhibit 99.0
Data I/O Reports Third Quarter 2024 Results
CEO Transition Taking Shape with Focus on Customer Experience, Filling out Product Portfolio, and Market Diversification with Enhanced Go-to-Market Strategies
Continued Operating Efficiencies and Expense Discipline
Redmond, WA – October 24, 2024 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the third quarter ended September 30, 2024.
Management Comments
William Wentworth was appointed CEO of Data I/O Corporation on October 1, 2024. Commenting on his view of the Company, Mr. Wentworth said, “I am excited to have been appointed to lead Data I/O given the substantial market opportunities that set the stage for heightened value creation for our customers, business partners and shareholders. This is possible because of the impressive building blocks in place with the Company. We intend to leverage our technology platform, our significant intellectual property portfolio and our highly experienced engineering team.
“During this transitional time, our team is thoroughly engaged in defining the future direction of the Company to drive growth and implement transformative strategies for Data I/O to become a higher value supply chain partner. The focus over the last month has been assessing our strengths and weaknesses while visiting our customers and business partners. Our findings have been encouraging as we set our sights on initiatives grounded in a reimagined approach to the markets we serve and how our capabilities are best utilized to support the global electronics supply chain. Many of these initiatives are based on improvement and expansion of existing strategies selling to global providers of semiconductors, Electronics Manufa
Jul 26, 2024
8-K 1 f8k_q22024results1.htm
f8k_q22024results1.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 25, 2024
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing second quarter 2024 results was made July 25, 2024 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Second Quarter 2024 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
July 25, 2024
By: /s/ Gerald Y. Ng
Gerald Y. Ng Vice President and Chief Financial Officer
Exhibit 99.0
Data I/O Reports Second Quarter 2024 Results
Higher Bookings in First Half 2024 and Continued Strength from New Customer Wins
Amid Broader Market Softness
Significant Operating Expense Reductions and Improvement in Direct Product Costs
Redmond, WA – July 25, 2024 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June 30, 2024.
Second Quarter 2024 Highlights
· Net sales of $5.1 million; bookings of $5.6 million
· Quarter-end backlog of $5.4 million
· Gross margin as a percentage of sales of 54.5%
· Net loss of ($797,000) or ($0.09) per share
· Adjusted EBITDA* of $3,000
· Cash & Equivalents of $11.4 million; no debt
· 8 new customer wins
· Repatriated $3.4 million of cash from China subsidiary, incurring dividend withholding tax of $337,000
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the second quarter ended June 30, 2024, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “Bookings and revenue were soft in the second quarter and below our expectations. We saw divergent business conditions across our sales regions. Through the first half of the year, Asia and EMEA sales regions are performing ahead of expectations and the Americas have been substantially below expectations. We have seen strength in programming centers and industrial markets in the first half of 2024, with weakness in automotive electronics. We also have strong traction in new customer and location acquisitions with 8 new wins in the second quarter, totaling 13 for the year. Capacity additions from exi
Apr 26, 2024
8-K 1 f8k_q12024results1.htm
f8k_q12024results1.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 25, 2024
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing first quarter 2024 results was made April 25, 2024 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports First Quarter 2024 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
April 25, 2024
By: /s/ Gerald Y. Ng
Gerald Y. NgVice President and Chief Financial Officer
Exhibit 99.0
Data I/O Reports First Quarter 2024 Results
Bookings Momentum Continues with Orders of $8.1 Million in the Quarter
Major Milestone with 500th PSV System Sale
Redmond, WA -- April 25, 2024 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Highlights
· Net sales of $6.1 million; bookings of $8.1 million
· Quarter-end backlog of $4.5 million
· Gross margin as a percentage of sales of 52.8%
· Net loss of ($807,000) or ($0.09) per share
· Adjusted EBITDA* of ($364,000)
· Cash & Equivalents of $12.0 million; no debt
· 5 new customer wins
· Achieved major milestone with the sale of 500th PSV system
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the first quarter ended March 31, 2024, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “We had a strong bookings quarter, which included our 500th PSV family system order. Bookings reached the highest level in 11 quarters, aided by strength in the Programming Center market and 5 new customer and location wins in the first quarter of 2024, driven by ever growing and increasingly complex programming requirements. These short term and long term achievements underscore why the PSV family is recognized as the most successful automated programming system in the industry.
“Our revenues for the first quarter were slightly lower than anticipated due to the timing of system orders and deliveries. Backlog was $4.5 million at the end of the quarter and most of these orders are expected to be shipped and re
Feb 23, 2024
8-K 1 f8k-febq42023results.htm
f8k-febq42023results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2024
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing fourth quarter 2023 results was made February 22, 2024 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Fourth Quarter 2023 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
February 22, 2024
By: /s/ Gerald Y. Ng
Gerald Y. Ng Vice President and Chief Financial Officer
Exhibit 99.0
Data I/O Reports Fourth Quarter 2023 Results
2023 Revenue Growth of 16%; Bookings Momentum in Fourth Quarter;
Most New Customer Wins in 6 Years
Company Returns to Profitability on Higher Sales, Margin and Efficiency Improvements
Redmond, WA – February 22, 2024 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the fourth quarter ended December 31, 2023.
Fourth Quarter 2023 Highlights
· Net sales of $6.9 million; bookings of $7.2 million
· Quarter-end backlog of $2.8 million
· Gross margin as a percentage of sales of 58.0%
· Net income of $144,000 or $0.02 per diluted share
· Adjusted EBITDA* of $514,000
· Cash & Equivalents of $12.3 million; no debt
Full Year 2023 Highlights
· Net sales of $28.1 million; bookings of $25.8 million
· Gross margin as a percentage of sales of 57.7%
· Net income of $486,000 or $0.05 per diluted share
· Adjusted EBITDA of $2.3 million
· Automotive Electronics represented 63% of bookings for 2023
· SentriX® software and pay-per-use revenues increased 150% from 2022
· Deployment of over 485 PSV systems worldwide
· 23 new customer wins
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the fiscal year ended December 31, 2023, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “As expected, Q4 bounced back from a slower Q3 in bookings and revenue. We delivered strong financial performance in 2023 and experienced encouraging business momentum which has carried over into 2024. Top line growth of 16% in 2023 exceeded our annual outlook for double digit industry expansion pegged to our lar
Jul 28, 2023
8-K 1 f8k-jul2023q22023results.htm
f8k-jul2023q22023results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 27, 2023
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing second quarter 2023 results was made July 27, 2023 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Second Quarter 2023 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
July 27, 2023
By: /s/ Joel S. Hatlen
Joel S. HatlenVice PresidentChief Operating and Financial Officer
Exhibit 99.0
Data I/O Reports Second Quarter 2023 Results
Automotive Electronics Momentum Drives 32% Growth in Bookings From First Quarter 2023
Significant Year-over-year Increases in Sales and Profits
Redmond, WA – July 27, 2023 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June 30, 2023.
Second Quarter 2023 Highlights
· Net sales of $7.4 million; bookings of $7.6 million
· Quarter-end backlog of $3.8 million
· Gross margin as a percentage of sales of 59.1%
· Net income of $300,000 or $0.03 per diluted share
· Adjusted EBITDA* of $869,000
· Cash & Equivalents of $11.9 million; no debt
· Automotive Electronics represented 63% of year to date 2023 bookings
· SentriX® security provisioning platform delivering increased growth of pay-per-use revenues
· 5 new customer wins
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the second quarter ended June 30, 2023, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “We delivered a strong quarter with revenue and bookings at multiyear highs. Business momentum accelerated through the second quarter 2023 primarily due to strength in automotive and industrial electronics demand in the Americas and Europe. Relative weakness in China has been more than offset by strength elsewhere. Through the first half of 2023, revenues increased by 50% from the prior year, and bookings in the second quarter of $7.6 million achieved the highest quarterly level in two years. We secured five new customer wins in the second quarter, including
Apr 28, 2023
8-K 1 f8k_apr2023q12023results.htm
f8k_apr2023q12023results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 2023
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing first quarter 2023 results was made April 27, 2023 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports First Quarter 2023 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
April 27, 2023
By: /s/ Joel S. Hatlen
Joel S. Hatlen Vice President Chief Operating and Financial Officer
Exhibit 99.0
Data I/O Reports First Quarter 2023 Results
Year-over-year Increase in Profits and Cash Generation
Reflect Continued Business Momentum
Redmond, WA – April 27, 2023 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the first quarter ended March 31, 2023.
First Quarter 2023 Highlights
· Net sales of $7.2 million; bookings of $5.7 million
· Quarter-end backlog of $3.2 million
· Gross margin as a percentage of sales of 59.5%
· Net income of $95,000 or $0.01 per diluted share
· Adjusted EBITDA* of $502,000
· Cash & Equivalents of $11.9 million; no debt
· Automotive Electronics represented 63% of first quarter 2023 bookings
· SentriX® traction in Asia with Nuvoton Technology Corporation Japan and Noa Leading Co., Ltd. partnership announcements
· 10 new customer wins
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the fiscal first quarter ended March 31, 2023, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “We are very pleased to report continued strong conditions through the first three months of 2023, which marks the third quarter in a row of more normalized operations. Our first quarter performance is highlighted by 46% top line growth and, reflecting our significant operating leverage, a nearly $2 million swing in net income as compared to the first quarter 2022. Quarterly revenues reached the highest first quarter level since 2018.
“Year-over-year financial performance comparisons reflect continued growth in sales comb
Feb 23, 2023
8-K 1 f8k-feb2023q42022results.htm
f8k-feb2023q42022results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2023
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 5.02 Departure of Directors or Certain Officers
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing fourth quarter 2022 results was made February 23, 2023 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 5.02 Departure of Directors or Certain Officers
Joel Hatlen announced his planned retirement, which is expected to take place in the second half of 2023. This is included in the copy of the release that is being furnished as Exhibit 99.0 in this current report.
On February 22, 2023, the Board of Directors canceled the old Director Fee Plan and unreserved the previously reserved remaining shares of 130,763.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Fourth Quarter 2022 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
February 23, 2023
By: /s/ Joel S. Hatlen
Joel S. Hatlen Vice President Chief Operating and Financial Officer
Exhibit 99.0
Data I/O Reports Fourth Quarter 2022 Results
Momentum Continues as Bookings and Net Income Increase in
Fourth Quarter; Full Year Bookings Reach 4 Year High
Redmond, WA – February 23, 2023 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the fourth quarter ended December 31, 2022.
Fourth Quarter 2022 Highlights
· Net sales of $7.3 million; bookings of $6.8 million
· Quarter-end backlog of $4.8 million
· Gross margin as a percentage of sales of 55.5%
· Net income of $510,000 or $0.06 per diluted share
· Adjusted EBITDA* of $831,000
· Cash & Equivalents of $11.5 million; no debt
· Very strong APEX industry trade show (January 2023 in San Diego, CA) with Data I/O booth visitation up by more than 125% over 2021
· Lumen®X Programmers with new VerifyBoostTM technology deliver 64% increase in programming performance
· 5 new customer wins
Full Year 2022 Highlights
· Net sales of $24.2 million; bookings of $26.4 million which are a 4 year high
· Gross margin as a percentage of sales of 54.5%
· Net loss of ($1,120,000) or ($0.13) per share
· Adjusted EBITDA of $1.3 million
· Automotive Electronics re
Oct 31, 2022
8-K 1 f8k_october2022q3results.htm
f8k_october2022q3results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 27, 2022
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing third quarter 2022 results was made October 27, 2022 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Third Quarter 2022 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
October 27, 2022
By: /s/ Joel S. Hatlen
Joel S. Hatlen Vice President Chief Operating and Financial Officer
Exhibit 99.0
Data I/O Reports Third Quarter 2022 Results
Profitability Ramps with Continued Strong Bookings and Significant Operating Leverage
Backlog and Deferred Revenue Remain High
Redmond, WA – October 27, 2022 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the third quarter ended September 30, 2022.
Third Quarter 2022 Highlights
o Net sales of $7.2 million; bookings of $7.1 million
o Quarter-end backlog of $4.9 million
o Gross margin as a percentage of sales of 57.0%
o Net income of $847,000 or $0.10 per share
o Adjusted EBITDA* of $1.4 million
o Cash & Equivalents of $11.0 million; no debt
o Automotive Electronics represented 70% of third quarter 2022 bookings
o VerifyBoostTM Technology announced with up to 4.5x improvement in programming verify performance for automotive UFS applications
o SentriX® customer going into production in Asia
o 4 new customer wins
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the third quarter ended September 30, 2022, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “Our performance in the third quarter was outstanding as we delivered strong bookings, operating income and cash generation. For the fourth consecutive quarter, we achieved bookings in excess of $6.0 million, with third quarter 2022 bookings of $7.1 million reaching the highest level in the past year, and the highest level for the third quarter in 5 years. Backlog at the end of the 2022 third quarter of $4.9 million was at the highest level for any third quarter period in the past 10 years.
“We continue to gain share in a
Jul 29, 2022
8-K 1 f8k_july2022q2results.htm
f8k_july2022q2results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 28, 2022
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing second quarter 2022 results was made July 28, 2022 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Second Quarter 2022 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
July 28, 2022
By: /s/ Joel S. Hatlen
Joel S. Hatlen Vice President Chief Operating and Financial Officer
Exhibit 99.0
Data I/O Reports Second Quarter 2022 Results
Strong Bookings of $6.4 Million and Record Backlog of $5.8 Million
Redmond, WA – July 28, 2022 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights
· Net sales of $4.8 million; bookings of $6.4 million
· Quarter-end backlog of $5.8 million
· Gross margin as a percentage of sales of 57.8%
· Net loss of ($657,000) or ($0.08) per share
· Adjusted EBITDA* of ($65,000)
· Cash & Equivalents of $10.3 million; no debt
· Automotive Electronics represented 55% of second quarter 2022 bookings
· SentriX® customer moving to volume production
· 6 new customer wins
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the fiscal second quarter ended June 30, 2022, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “We are very pleased that China operations resumed and is fully supporting our strong backlog. As we described in our June update, Data I/O’s Shanghai operations partially re-opened in May. In mid-June, we began shipping systems and adapters from Shanghai, and cleared out the systems backlog from the first quarter. We were successful in leveraging our resilient global supply chain to shift some systems and adapter production from China to Redmond, WA. Lead times from China operations are back to normal, and we expect balance sheet items such as accounts receivables, inventories and cash flow to return to normal levels by the end of the third quarter.
“For the third consecutive quarter, we achieved b
Apr 29, 2022
8-K 1 f8k-april2022q1results.htm
f8k-april2022q1results.htm - Generated by SEC Publisher for SEC Filing
Washington,
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 28, 2022
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing first quarter 2022 results was made April 28, 2022 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports First Quarter 2022 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
April 28, 2022
By: /s/ Joel S. Hatlen
Joel S. Hatlen Vice President Chief Operating and Financial Officer
Exhibit 99.0
Data I/O Reports First Quarter 2022 Results
Revenue in Line with Preannouncement; Bookings of $6.2 Million
Redmond, WA – April 28, 2022 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the first quarter ended March 31, 2022.
First Quarter 2022 Highlights
· Net sales of $5.0 million; bookings of $6.2 million
· Quarter-end backlog of $4.1 million
· Gross margin as a percentage of sales of 46.4%
· Net loss of ($1.8) million or ($0.21) per share
· Adjusted EBITDA* of ($932,000)
· Cash & Equivalents of $12.3 million; no debt
· Automotive Electronics represented 63% of first quarter 2022 bookings
· SentriX® security deployment platform – NXP and Avnet collaboration
· Repatriated $4.4 million of cash from China subsidiary, incurring dividend withholding tax of $442,000
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the fiscal first quarter ended March 31, 2022, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “Our first quarter started well but faced curtailments and disruptions due to the Russian invasion of Ukraine and the COVID-19 outbreaks in China. The fallout and resulting restrictions led to business closures and reduced operating activities for several regions in China as well as imposing widespread logistical and economic challenges for Data I/O, our semiconductor partners, and our customers. As we announced on March 29, our manufacturing and shipping facility operations in Shanghai were forced to shut down. The government imposed l
Feb 28, 2022
daio_8k.htm0000351998false00003519982022-02-232022-02-23iso4217:USDxbrli:sharesiso4217:USDxbrli:shares
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 23, 2022
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052 (Address of principal executive offices, including zip code)
(425) 881-6444 (Registrant’s telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Items reported in this filing: Item 2.02 Results of Operation and Financial Condition Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing fourth quarter 2021 results was made February 24, 2022 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On February 23, 2022, Mark Gallenberger notified the Board of Directors that he will not seek election for another term on the Board of Directors at the Annual Meeting on May 19, 2022. His decision was not the result of any disagreement with Data I/O or its management.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On February 23, 2022, the Board of Directors of Data I/O Corporation appointed Edward J. Smith to the Board effective on that date. He was named to the Audit Committee, Compensation Committee, and Corporate Governance & Nominating Committee of the Board. As of February 23, 2022, Cheemin Bo-Linn will no longer be a member of the Audit Committee.
Mr. Smith is a globally recognized leader in the electronics and semiconductor distribution industries. As CEO of SMTC since 2017 when it was publicly traded on Nasdaq, he led the company through 3 years of growth including a series of acquisitions until being acquired by an affiliate of H.I.G. Capital in 2021. Mr. Smith is a seasoned and successful executive with more than 25 years’ experience in the EMS industry and the electronic components distribution industry. Prior to joining SMTC, he served as President of Avnet Inc. for 7 years and held various other senior positions since 1994. At Avnet, he grew the Americas component operations from $1.2 billion to $4.0 billion, and started a global embedded business which grew to $2.2 billion in 7 years. Earlier, Mr. Smith served as President and Chief Executive Officer of SMTEK International Inc., a tier II manufacturer in the EMS industry, from 2002 to 2004. Under his leadership, SMTEK’s share price increased from $0.35 to $15.23 when it was acquired. Mr. Smith also has gained extensive corporate governance experience while serving on a number of boards as a director. He has served on numerous private company and non-profit boards and currently serves on the board of directors at Aqua Metals, Inc. (NASDAQ: AQMS) and previously SMTC Corporation (NASDAQ: SMTX). He is also the founder and currently runs the We Will Never Forget charitable foundation in honor of the victims and first responders of the attacks on 9/11.
There were no arrangements or understandings pursuant to which he was selected. There have been no related person tran
Nov 1, 2021
8-K 1 f8k-2021q3results.htm
f8k-2021q3results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 28, 2021
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing third quarter 2021 results was made October 28, 2021 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Third Quarter 2021 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
October 28, 2021
By: /s/ Joel S. Hatlen
Joel S. Hatlen Vice President Chief Operating and Financial Officer
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Third Quarter 2021 Results
Joel Hatlen
Darrow Associates, Inc.
Chief Operating and Financial Officer
Jordan Darrow
Data I/O Corporation
6645 185th Ave. NE, Suite 100
(512) 551-9296
jdarrow@darrowir.com
Redmond, WA 98052
(425) 881-6444
Data I/O Reports Third Quarter 2021 Results
Equipment Sales and Recurring/Consumable Strategy in Focus as Revenues Rise 13%
Redmond, WA – October 28, 2021 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the third quarter ended September 30, 2021.
Third Quarter 2021 Highlights
· Net sales of $6.7 million, up 13% from the prior year; bookings of $5.0 million
· Quarter-end backlog of $3.3 million
· Gross margin as a percentage of sales of 60.7%
· Net income of $12,000 or $0.00 earnings per share
· Adjusted EBITDA* of $564,000
· Cash & Equivalents of $14.2 million; no debt
· Automotive Electronics represented 61% of third quarter 2021 bookings
· Growth in SentriX® Security Deployment Platform supports and design wins
o Deployed first SentriX capital equipment order with software license
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the third quarter ended September 30, 2021, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “We are pleased to return to profitability in the third quarter. Performance in the quarter was driven by the recovery in the automotive electronics market, solid delivery performance of our factories in challenging conditions, and continued strength in adapters. Revenues increased 13% in the third quarter as compared to the prior year, and are up 27% year-to-date as compared to the same period in 2020.
“Bookings of $19.2 million through the first nine months of the year
Jul 30, 2021
8-K 1 f8k_2021q2results.htm
f8k_2021q2results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 29, 2021
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter) Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing second quarter 2021 results was made July 29, 2021 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Second Quarter 2021 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
July 29, 2021
By: /s/ Joel S. Hatlen
Joel S. HatlenVice PresidentChief Operating and Financial Officer
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Second Quarter 2021 Results
Joel Hatlen
Darrow Associates, Inc.
Chief Operating and Financial Officer
Jordan Darrow
Data I/O Corporation
6645 185th Ave. NE, Suite 100
(512) 551-9296
jdarrow@darrowir.com
Redmond, WA 98052
(425) 881-6444
Data I/O Reports Second Quarter 2021 Results
Highest Bookings in 4 Years Driven by Automotive Electronics Acceleration;
Progress on SentriX® Security Deployment Platform and Software Monetization
Redmond, WA – July 29, 2021 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June 30, 2021.
Second Quarter 2021 Highlights
· Net sales of $6.7 million, up 45% from the prior year; bookings of $8.9 million, up 79% from the prior year
· Strong quarter-end backlog of $5.0 million
· Gross margin as a percentage of sales of 57.0%
· Net loss of ($29,000) or ($0.00) earnings per share
· Adjusted EBITDA* of $597,000
· Cash & Equivalents of $13.0 million; no debt
· Automotive Electronics represented 56% of second quarter 2021 bookings
· Six new customer wins in the quarter
· Growth in SentriX® Security Deployment Platform supports and design wins
o First booking of SentriX capital equipment sale with software license
o Qualification of PSV5000 for field upgrades; completed first PSV7000 field conversion to SentriX
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the second quarter ended June 30, 2021, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “The second quarter was very strong across the board, with sizeable growth in revenues and bookings across all geographic regions. Tailwinds have continued in both the automotive and industrial electronics sect
Apr 30, 2021
8-K 1 f8k_2021q1results.htm
f8k_2021q1results.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2021
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing first quarter 2021 results was made April 29, 2021 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports First Quarter 2021 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
April 29, 2021
By: /s/ Joel S. Hatlen
Joel S. HatlenVice PresidentChief Operating and Financial Officer
Exhibit No.
Description
99.0
Press Release: Data I/O Reports First Quarter 2021 Results
Joel Hatlen
Darrow Associates, Inc.
Chief Operating and Financial Officer
Jordan Darrow
Data I/O Corporation
6645 185th Ave. NE, Suite 100
(512) 551-9296
jdarrow@darrowir.com
Redmond, WA 98052
(425) 881-6444
Data I/O Reports First Quarter 2021 Results
Automotive Electronics Sector Recovery Accelerating
Redmond, WA – April 29, 2021 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights
· Net sales of $6.0 million; bookings of $5.4 million
· Gross margin as a percentage of sales of 55.5%
· Net loss of ($333,000) or ($0.04) earnings per share
· Adjusted EBITDA* of $173,000
· Cash & Equivalents of $13.6 million; no debt
· Automotive Electronics represented 56% of first quarter 2021 bookings
· Six new customer wins in the quarter in Asia
· Growth in SentriX® Security Deployment Platform supports and design wins
o First field upgrade of PSV7000 to SentriX, for a customer in Asia
o First Automotive electronics win for SentriX
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.
Management Comments
Commenting on the first quarter ended March 31, 2021, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “The first quarter was our strongest revenue quarter in two years, and continues the upward trend in automotive and industrial electronics demand since the bottom a year ago. We are coming out of the COVID-19 recession and are seeing a surge in business in March and April. We believe the positive growth themes that we discussed during our year end conference call are accelerating.
“While there are well documented short-term supply disruptions caused by sharp increases
Feb 26, 2021
8-K 1 f8k_2020q4resultsdeparture.htm
f8k_2020q4resultsdeparture.htm - Generated by SEC Publisher for SEC Filing
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 24, 2021
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in this filing:
Item 2.02 Results of Operation and Financial Condition
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 9.01 Financial Statements and Exhibits
Item 2.02 Results of Operation and Financial Condition
A press release announcing fourth quarter 2020 results was made February 25, 2021 and a copy of the release is being furnished as Exhibit 99.0 in this current report.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On February 24, 2021, Alan Howe notified the Board of Directors that he will not seek election for another term on the Board of Directors at the Annual Meeting on May 20, 2021. His decision was not the result of any disagreement with Data I/O or its management.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Fourth Quarter 2020 Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Data I/O Corporation
February 26, 2021
By: /s/ Joel S. Hatlen
Joel S. Hatlen Vice President Chief Operating and Financial Officer
Exhibit No.
Description
99.0
Press Release: Data I/O Reports Fourth Quarter 2020 Results
Joel Hatlen
Darrow Associates, Inc.
Chief Operating and Financial Officer
Jordan Darrow
Data I/O Corporation
6645 185th Ave. NE, Suite 100
(512) 551-9296
jdarrow@darrowir.com
Redmond,
(425) 881-6444
Data I/O Reports Fourth Quarter 2020 Results
Ends Year with Highest Quarterly Bookings and Cash Position as
Automotive Electronics Sector Continues Recovery
Redmond, WA – February 25, 2021 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the fourth quarter ended December 31, 2020.
Fourth Quarter 2020 Highlights
· Net sales of $4.9 million; bookings of $6.0 million
· Gross margin as a percentage of sales of 47.0%; Adjusted gross margin* of 52.9%
· Net loss of ($1.6) million or ($0.20) earnings per share
· Adjusted EBITDA* of ($194,000)
· Cash & Equivalents of $14.2 million; no debt
· New security supports using Data I/O’s SentriX® Security Deployment Platform for:
o NXP EdgeLock SE050 secure element
o Infineon OPTIGA™ TPM 2.0
Full Year 2020 Highlights
· Net sales of $20.3 million; bookings of $20.8 million
· Gross margin as a percentage of sales of 53.2%; Adjusted gross margin of 54.7%
· Net loss of ($4.0) million or ($0.48) earnings per share
· Adjusted EBITD
This page provides Data I/O Corporation (DAIO) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on DAIO's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.