Duyuru • 9h
Data I/O Corporation announced that it expects to receive $9 million in funding Data I/O Corporation announced that it has entered into a definitive securities purchase agreement with two institutional investors to issue 869,840 shares of common stock and warrants to purchase up to 1,080,000 shares of common stock for gross proceeds of $2,200,000 and convertible debentures in the aggregate principal amount of approximately $6,800,000 for aggregate proceeds of $9,000,000 on May 14, 2026. The warrants have an exercise price of $3 per share and will be exercisable for five (5) years following the date of issuance. The convertible debentures will bear interest, payable in cash or in series B preferred stock at the discretion of the company, at a rate of 4% per annum and will mature on the fifth anniversary of its date of issuance, unless repaid or converted earlier. The principal amount of the convertible debentures will be convertible into series B preferred stock of the company. The series B preferred stock is non-voting and is convertible into the company’s common stock at an initial conversion price of $2.50 per share. The closing of the investments is expected to occur before the end of May 2026, subject to the satisfaction of regulatory approvals and other customary closing conditions. Duyuru • Apr 30
Data I/O Corporation to Report Q1, 2026 Results on May 14, 2026 Data I/O Corporation announced that they will report Q1, 2026 results After-Market on May 14, 2026 Duyuru • Apr 14
Data I/O Announces New Vision, New Products and Services, New Look, the New Data I/O Data I/O Corporation announced the launch of its completely redesigned website at www.dataio.com. The new site introduces a suite of digital tools and services that reflect a company-wide transformation. The redesigned website accompanies the introduction of a long-awaited on-site Programming-as-a-Service (PaaS) offering. The Company is now providing new tech support coupled with AI-driven service and support, AI-powered chatbot, and AI-expanded device search — alongside a preview of next-generation systems delivering 2,200+ devices per hour. The redesigned website debuts four major capabilities built around the ways customers and partners provision data: Customer Service Portal: A dedicated self-service hub giving customers direct access to support resources, order status, documentation, and account management tools — all in one place. Programming-as-a-Service (PaaS): A new service model enabling customers to outsource device programming operations directly to Data I/O — including on-site programming within customers’ own manufacturing facilities. PaaS represents a fundamental expansion of the company’s business model and a key growth driver going forward. AI-Powered Chatbot: An intelligent virtual assistant that resolves the most common customer inquiries instantly, delivers immediate IC compatibility information, and accelerates issue resolution around the clock. Expanded Device Search: A significantly enhanced and easier-to-navigate device database, helping engineers and manufacturing teams quickly identify programming support for the devices they need. Data I/O continues to invest in and expand its innovative LumenX platform, with new device handlers and new programming solutions planned for the second half of 2026. The Company is also actively introducing new business models, including PaaS, that are designed to open new revenue streams and deepen customer engagement across the manufacturing lifecycle. Data I/O next-generation programming platform will deliver dramatically faster UFS programming speeds — significantly ahead of both current-generation Data I/O systems and competitive offerings in the market. New automated solutions are purpose-built for high-volume microcontroller programming, with a smaller footprint, greater reliability, faster changeover, and the ability to handle small-form-factor devices to be released second half of 2026. Data I/O’s newest offering PaaS as a multi-year managed service engagement — a model that delivers significant value to both the company’s installed base and new clients alike. Managed service models are extremely efficient and cost-effective while taking supply chain and quality risks off the table for customers. Phase One of a Broader Digital Roadmap Data I/O indicated the launch announced represents the first phase of a longer roadmap to build out its website as an interactive, collaborative tool for customers and partners. Additional features, services, and product announcements are expected to be introduced throughout 2026 as the Company continues to accelerate its pace of innovation, quality, throughput, and new product introductions. Duyuru • Apr 09
Data I/O Corporation announced delayed amended 10-K filing On 04/08/2026, Data I/O Corporation announced that they will be unable to file their amended 10-K by the deadline required by the SEC. Duyuru • Apr 01
Data I/O Corporation announced delayed annual 10-K filing On 03/31/2026, Data I/O Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Mar 02
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: US$0.53 loss per share (further deteriorated from US$0.34 loss in FY 2024). Revenue: US$21.5m (down 1.2% from FY 2024). Net loss: US$4.99m (loss widened 61% from FY 2024). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Duyuru • Feb 12
Data I/O Corporation to Report Q4, 2025 Results on Feb 26, 2026 Data I/O Corporation announced that they will report Q4, 2025 results After-Market on Feb 26, 2026 New Risk • Dec 31
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$3.7m Forecast net loss in 2 years: US$1.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$1.2m net loss in 2 years). Market cap is less than US$100m (US$30.4m market cap). Duyuru • Dec 04
Data I/O Corporation Announces Board and Committee Changes Data I/O Corporation announced changes to its Board of Directors intended to strengthen its leadership as the Company focuses on market expansion. Edward Smith, who has served on the Data I/O Board of Directors since 2022, has been appointed Chair of the Board. Steven Waszak has joined the Board of Directors of Data I/O effective December 3, 2025. Sally Washlow will remain on the Board and assumes the position of independent director and Chair of the Compensation Committee. The appointments announced increase the size of the Board from five to six members, and increase the number of independent directors on the Board from four to five. Edward J. Smith was appointed a director of Data I/O effective February 23, 2022. Currently he is serving as the Executive Chairman of the Board of SMTC Corporation. Previously he served as the President and Chief Executive Officer of SMTC Corporation from 2017 until May 2024. He served as President of Avnet Inc. for 7 years and held various other senior positions since 1994. Mr. Smith served as President and Chief Executive Officer of SMTEK International Inc. from 2002 to 2004, a tier II manufacturer in the EMS industry. Mr. Smith is a seasoned and successful executive with more than 25 years of experience in electronic manufacturing services (EMS) industry and the electronic components distribution industry. He has served on numerous private company and non-profit boards. He previously served on the board of directors of SMTC Corporation until it went private in 2021. On August 21, 2024, he resigned from the board of directors of Aqua Metals Inc. Mr. Smith is the founder and currently runs the We Will Never Forget charitable foundation. Steven Waszak is the Chief Financial Officer of SMTC Corporation, with a manufacturing footprint in the United States, Mexico and Asia. Mr. Waszak is responsible for the financial management of SMTC Corporation while driving long-term profitable growth organically and through expansion, focused on the success of SMTC’s customers and enhanced shareholder value. He joined SMTC while it was a publicly traded company and served as its CFO until the company was acquired by H.I.G. Capital, a global private equity firm, in a deal that was completed on April 5, 2021. During his tenure at SMTC, he served as CFO reporting to its then CEO, Edward Smith. As a Los Angeles native, Mr. Waszak began his career as a member of Deloitte’s Emerging Business Services group. With more than 30 years’ experience as a technology executive across corporate finance and strategic development roles, he has led teams through multiple M&A transactions exceeding $1 Billion in value. Prior to SMTC Corporation, Mr. Waszak served as CFO at Connected-Holdings, LLC, a vertically integrated, Internet of Things “IoT” intelligent services provider. From 2009 to 2014, Mr. Waszak held the role as CEO and President of BTI Systems, a developer of optical networks and innovative data-center interconnect solutions for smart-cloud providers which was acquired by Juniper Networks. Mr. Waszak’s C-Suite experience also includes serving as Vice President of Global Sales Operation for Ciena Corporation following the acquisition of Internet Photonics, where he held the position of CFO/COO. Mr. Waszak has served on the Board of Directors of private entities and publicly traded companies including SMTEK International and Retix. Mr. Waszak has a Bachelor of Science in Accounting with a concentration in Business/Economics from Loyola Marymount University and is a CPA with the State of California (inactive). He has certificates from Executive Development Programs at Harvard Business School and Kellogg School of Management. Duyuru • Nov 18
Data I/O Corporation Unveils Next Generation LumenX Programming Platform at Productronica 2025 Data I/O Corporation announced the Company will unveil Data I/O's next generation LumenX2 programming platform demonstrating the Unified Programming Platform strategy with the new LumenX2-M4 manual programmer and the new LumenX2 -A4 at the upcoming productronica 2025 tradeshow in Munich, Germany from November 18th - 21st at the Messe Muchen. Data I/O's Unified Programming Platform Strategy supports preprogramming semiconductor devices throughout the supply chain from design to manufacturing and beyond. With Data I/O's nextgeneration LumenX2 platform and newly refreshed manual programmers, the LumenX-M8 and FlashCORE III-M4, customers can create and validate preprogramming jobs during the design /New Product Introduction) process and seamlessly transition their programming jobs to an automated PSV system for volume production during manufacturing on a single, reliable, and scalable platform, optimizing the programming process and ensuring the highest quality. During productronica Data I/O will demonstrate the Unified Programming Platform strategy with The LumenX2-M 4, LumenX M-8 and FlashCORE III -M4 manual programmers for design/NPI processes and thePSV5000 and PSV7000 for volume production. Customers attending the productronica 2025 tradeshow In Munich, Germany can visit Data I/O's booth A2-205 to learn more about the LumenX2 platform and the LumenX2 platform. Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$23.9m to US$23.0m. Losses expected to increase from US$0.31 per share to US$0.39. Electronic industry in the US expected to see average net income growth of 29% next year. Consensus price target of US$5.22 unchanged from last update. Share price fell 4.8% to US$2.97 over the past week. Reported Earnings • Nov 02
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.15 loss per share (further deteriorated from US$0.033 loss in 3Q 2024). Revenue: US$5.39m (flat on 3Q 2024). Net loss: US$1.36m (loss widened 344% from 3Q 2024). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to stay flat during the next 2 years compared to a 9.6% growth forecast for the Electronic industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (US$29.3m market cap). Duyuru • Oct 24
Data I/O to Unveil Reimagined Preprogramming Solutions at Productronica 2025 Data I/O Corporation announced the Company will unveil and demonstrate new reimagined preprogramming solutions supporting Data I/O's Unified Programming Platform Strategy at the upcoming productronica tradeshow and conference in Munich, Germany from November 18th - 21st at the Messe Muchen. Data I/O's Unified programming Platform Strategy supports preprogramming semiconductor supply chain from design to manufacturing and beyond. With Data I/O's newly refreshed manual programmer product lines customers can create and validate preprogramming jobs during the design /NPI (New Product Introduction) process and seamlessly transition their programming jobs to an automated PSV system for volume production during manufacturing on a single, reliable, and scalable platform, optimizing the programming process and ensuring the highest quality. Major Estimate Revision • Aug 01
Consensus EPS estimates fall by 82%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$23.5m to US$23.9m. Forecast EPS reduced from -US$0.17 to -US$0.31 per share. Electronic industry in the US expected to see average net income growth of 30% next year. Consensus price target of US$5.22 unchanged from last update. Share price fell 5.1% to US$3.16 over the past week. Reported Earnings • Jul 27
Second quarter 2025 earnings released: US$0.08 loss per share (vs US$0.088 loss in 2Q 2024) Second quarter 2025 results: US$0.08 loss per share (improved from US$0.088 loss in 2Q 2024). Revenue: US$5.95m (up 18% from 2Q 2024). Net loss: US$742.0k (loss narrowed 6.9% from 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Jul 11
Data I/O Corporation to Report Q2, 2025 Results on Jul 24, 2025 Data I/O Corporation announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Duyuru • Apr 04
Data I/O Corporation, Annual General Meeting, May 15, 2025 Data I/O Corporation, Annual General Meeting, May 15, 2025. Location: data ios headquarters, 6645 185 ave ne, suite 100, washington 98052, redmond, United States Duyuru • Apr 02
Data I/O Corporation announced delayed annual 10-K filing On 04/01/2025, Data I/O Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Mar 02
Full year 2024 earnings released: US$0.34 loss per share (vs US$0.054 profit in FY 2023) Full year 2024 results: US$0.34 loss per share (down from US$0.054 profit in FY 2023). Revenue: US$21.8m (down 22% from FY 2023). Net loss: US$3.09m (down US$3.58m from profit in FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Feb 13
Data I/O Corporation to Report Q4, 2024 Results on Feb 27, 2025 Data I/O Corporation announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Duyuru • Jan 28
Data I/O Corporation Appoints Garrett Larson as Board of Directors Data I/O Corporation announced that Garrett Larson has joined the board of directors of the company, effective January 23, 2025. Mr. Larson is a Senior Equity Analyst with Kanen Wealth Management, LLC. Mr. Larson has extensive experience in capital markets and value creation, with a proven track record in equity analysis and strategic decision-making. Over the past eight years, Mr. Larson has successfully led sector verticals across consumer and technology groups for various multi-billion dollar hedge funds, including Kynikos Associates and SPX Capital. Currently serving as a Senior Equity Analyst at Kanen Wealth Management, LLC, Mr. Larson has an extensive track record of creating value and providing valuable insights to its portfolio companies. His deep understanding of financial markets and strategic acumen will be invaluable in guiding Data I/O’s initiatives to enhance operational efficiency, evaluate potential M&A, and drive long-term growth. Mr. Larson has a Bachelor of Science in Finance from Florida State University. Duyuru • Nov 27
Data I/O Corporation Announces Termination of Rajeev Gulati as Chief Technology Officer Rajeev Gulati, Vice President and Chief Technology Officer of Data I/O Corporation, was terminated without cause effective December 1, 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.033 loss per share (further deteriorated from US$0.006 loss in 3Q 2023). Revenue: US$5.42m (down 17% from 3Q 2023). Net loss: US$307.0k (loss widened 479% from 3Q 2023). Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Duyuru • Oct 03
Data I/O Corporation to Report Q3, 2024 Results on Oct 24, 2024 Data I/O Corporation announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Reported Earnings • Jul 28
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$0.088 loss per share (down from US$0.034 profit in 2Q 2023). Revenue: US$5.06m (down 32% from 2Q 2023). Net loss: US$797.0k (down 366% from profit in 2Q 2023). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Duyuru • Jul 12
Data I/O Corporation to Report Q2, 2024 Results on Jul 25, 2024 Data I/O Corporation announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.089 loss per share (down from US$0.011 profit in 1Q 2023). Revenue: US$6.10m (down 16% from 1Q 2023). Net loss: US$807.0k (down US$902.0k from profit in 1Q 2023). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Duyuru • Apr 12
Data I/O Corporation to Report Q1, 2024 Results on Apr 25, 2024 Data I/O Corporation announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Reported Earnings • Apr 01
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.054 (up from US$0.13 loss in FY 2022). Revenue: US$28.1m (up 16% from FY 2022). Net income: US$486.0k (up US$1.61m from FY 2022). Profit margin: 1.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 67%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.054 (up from US$0.13 loss in FY 2022). Revenue: US$28.1m (up 16% from FY 2022). Net income: US$486.0k (up US$1.61m from FY 2022). Profit margin: 1.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 67%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Feb 21
Data I/O Corporation, Annual General Meeting, May 16, 2024 Data I/O Corporation, Annual General Meeting, May 16, 2024, at 10:00 Pacific Standard Time. Location: 6645 185th Ave NE, Suite 100 Redmond Washington United States Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.04 to US$0.03 per share. Revenue forecast steady at US$28.0m. Net income forecast to shrink 32% next year vs 6.8% growth forecast for Electronic industry in the US . Consensus price target of US$5.00 unchanged from last update. Share price rose 13% to US$3.26 over the past week. Duyuru • Jan 30
Data I/O Corporation to Report Q4, 2023 Results on Feb 22, 2024 Data I/O Corporation announced that they will report Q4, 2023 results on Feb 22, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$0.006 loss per share (down from US$0.096 profit in 3Q 2022). Revenue: US$6.56m (down 9.0% from 3Q 2022). Net loss: US$53.0k (down 106% from profit in 3Q 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 28
Consensus EPS estimates fall by 71% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$28.5m to US$28.1m. EPS estimate also fell from US$0.14 per share to US$0.04 per share. Net income forecast to shrink 71% next year vs 8.0% growth forecast for Electronic industry in the US . Consensus price target down from US$8.00 to US$5.00. Share price fell 13% to US$3.12 over the past week. Duyuru • Oct 13
Data I/O Corporation to Report Q3, 2023 Results on Oct 26, 2023 Data I/O Corporation announced that they will report Q3, 2023 results After-Market on Oct 26, 2023 Duyuru • Jul 30
Data I/O Corporation Provides Earnings Guidance for the Year 2023 Data I/O Corporation provided earnings guidance for the year 2023. 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. New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (US$41.0m market cap). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.034 (vs US$0.075 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.034 (up from US$0.075 loss in 2Q 2022). Revenue: US$7.40m (up 55% from 2Q 2022). Net income: US$300.0k (up US$957.0k from 2Q 2022). Profit margin: 4.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 14
Data I/O Corporation to Report Q2, 2023 Results on Jul 27, 2023 Data I/O Corporation announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Duyuru • Jul 01
Data I/O Announces Gerald Ng as Chief Financial Officer, Effective August 16, 2023 Data I/O Corporation announced that Gerald Ng will be joining the Company as Vice President of Finance with a start date of July 1, 2023. Effective August 16, 2023, he will become the Company’s Vice President and Chief Financial Officer. Gerald brings a wealth of experience in finance and treasury functions, business development, financial planning & forecasting, monthly reporting and business compliance. Gerald was previously Chief Financial Officer for Kymeta Corporation. Gerald was CFO of FUJIFILM SonoSite Inc. and prior to that CFO at Fluke Networks, a Danaher operating company, where he supported the sale of the business to NetScout Inc. He served as Vice President of Finance at Spiration Inc. and was responsible for all finance and treasury functions and provided due diligence in the sale of the company to Olympus Medical. Gerald holds a Masters of Business Administration from Northwestern University – Kellogg School of Management and a Bachelor of Arts Finance and Accounting from the University of Washington. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: US$0.011 (vs US$0.21 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.011 (up from US$0.21 loss in 1Q 2022). Revenue: US$7.23m (up 46% from 1Q 2022). Net income: US$95.0k (up US$1.92m from 1Q 2022). Profit margin: 1.3% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2022 earnings released: US$0.13 loss per share (vs US$0.065 loss in FY 2021) Full year 2022 results: US$0.13 loss per share (further deteriorated from US$0.065 loss in FY 2021). Revenue: US$24.2m (down 6.3% from FY 2021). Net loss: US$1.12m (loss widened 102% from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 10
Data I/O Corporation to Report Q4, 2022 Results on Feb 23, 2023 Data I/O Corporation announced that they will report Q4, 2022 results After-Market on Feb 23, 2023 Reported Earnings • Nov 20
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$0.096 (up from US$0.001 in 3Q 2021). Revenue: US$7.21m (up 7.2% from 3Q 2021). Net income: US$847.0k (up US$835.0k from 3Q 2021). Profit margin: 12% (up from 0.2% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$0.096 (up from US$0.001 in 3Q 2021). Revenue: US$7.21m (up 7.2% from 3Q 2021). Net income: US$847.0k (up US$835.0k from 3Q 2021). Profit margin: 12% (up from 0.2% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Oct 25
Data I/O Corporation Increases Programming Performance by Up to 64% on Lumen®X Programmers with VerifyBoost Technology Data I/O Corporation announced significant improvements on the Lumen®X programming platform for automotive grade Universal Flash Memory (UFS) devices with VerifyBoost™. VerifyBoost delivers faster verify performance up to 750 MBps High-speed Gear3 x 2-Lane support for UFS devices, enabling customers to leverage existing production capacity for significant throughput gains and reduce the total cost of programming. Data I/O continues its long history of working with leading semiconductor companies to ensure mutual customers can adopt the latest flash memory technology and maximize production without changing their production process. Duyuru • Oct 14
Data I/O Corporation to Report Q3, 2022 Results on Oct 27, 2022 Data I/O Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 27, 2022 Seeking Alpha • Aug 17
Another Upturn At Data I/O Underlying demand is strong for the company but buffeted by macro problems like the Chinese lockdowns, supply chain problems, and the Ukraine war.
Supply chain problems have started to ease in their most important segment, automotive.
Demand from programming centers is also coming back and there were new orders for the SentriX.
Demand from Europe remains weak as a result of the war.
Data I/O (DAIO) is the market leader in programming, selling machines that put data on chips before they go into stuff. They sell to programming centers but most of it (58% of revenue in Q2/22) goes to the automotive sector, selling to almost all of the top OEMs.
The amount of electronics in need of programming is expected to grow at a CAGR of 12%-15% a year in automotive, giving the company a nice secular tailwind.
A couple of years ago they came up with a new device for secure provisioning, the SentriX, especially relevant for the security-sensitive IoT market. This got off to a slow start but it's now gaining traction after they changed the business model and made it a lot easier to operate.
They have 50 patents (20 for the SentriX), a strong balance sheet, and an installed base of 420 PSV systems that produce an increasing demand for consumables (31% of revenue in Q2/22) and services (15% of revenue in Q2/22).
The company has faced a very tough couple of years with a host of macro problems, like the pandemic, supply chain problems (especially in automotive), Chinese lockdowns and the war in Ukraine, and a strong dollar.
The cyclical upturn that seemed to happen a year ago but was cut short because of these macro problems, but in Q2 another episode of sunshine seems to break through the clouds, except in Europe where demand remains weak.
So their business is a lot stronger than the macro picture seems to indicate (apart from Europe), the automotive supply chains are improving and almost back to normal with chips production capacity shifting as other markets see diminishing demand.
FinViz
Financial results
Q1/20 Q2 Q3 Q4 Q1/21 Q2 Q3 Q4 Q1/22 Q2
Sales 4.8 4.7 5.9 4.9 6.0 6.7 6.7 6.4 5.0 4.8
Bookings 4.3 5.0 5.6 6.0 5.4 8.9 5.0 6.2 6.2 6.4
Backlog 2.3 2.8 2.8 3.9 3.0 5.0 3.3 2.9 4.1 5.8
Gros Marg 58.2 52.4 55 52.9 55.5 57 60.7 54.4 46.4 57.8
Adj. EBITDA -11K 23K 169K -194K 173K 597K 564K 117K -932K -64K
Bookings were above $6M for a third consecutive quarter, and the company won 6 new customers in Q2, testifying to strong underlying demand. Most bookings came late in the quarter, leading to a high backlog which management expects to clear by the end of Q3.
Therefore, management expects a significant improvement in financial performance in H2/22 and some $1M in order delays because of Chinese lockdowns will be cleared before yearend as well.
There was some success with the SentriX as they gained two orders and had another customer go into volume production (apart from an outright CapEx sale, the SentriX also has a per-use business model).
Data by YCharts
While Q2 isn't yet in the graph, it's notable the company hasn't been making any cash since 2018, but they were plagued first by a cyclical downturn and then by an assortment of macro problems. Fundamentally the company is better positioned than during the last cyclical upturn.
They also have a strong balance sheet with no cash and $10.3M in cash, management argues that they are the best-capitalized company in the business and that it is an important competitive advantage.
Valuation
There has hardly been any dilution, the share count went up from 8.2M to 8.6M in the past 5 years:
Data by YCharts Reported Earnings • Jul 30
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: US$0.075 loss per share (down from US$0.003 loss in 2Q 2021). Revenue: US$4.77m (down 29% from 2Q 2021). Net loss: US$657.0k (loss widened US$628.0k from 2Q 2021). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 62%. Over the next year, revenue is forecast to grow 1.1%, compared to a 10% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Jul 15
Data I/O Corporation to Report Q2, 2022 Results on Jul 28, 2022 Data I/O Corporation announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 28, 2022 Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.21 loss per share (down from US$0.04 loss in 1Q 2021). Revenue: US$4.97m (down 18% from 1Q 2021). Net loss: US$1.82m (loss widened 447% from 1Q 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 320%. Over the next year, revenue is forecast to grow 15%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to US$6.00 Down from US$8.00, the current price target is provided by 1 analyst. New target price is 82% above last closing price of US$3.30. Stock is down 40% over the past year. The company is forecast to post earnings per share of US$0.03 next year compared to a net loss per share of US$0.065 last year. Duyuru • Mar 31
Data I/O Corporation to Report Q1, 2022 Results on Apr 28, 2022 Data I/O Corporation announced that they will report Q1, 2022 results on Apr 28, 2022 Reported Earnings • Mar 30
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: US$0.065 loss per share (up from US$0.48 loss in FY 2020). Revenue: US$25.8m (up 27% from FY 2020). Net loss: US$555.0k (loss narrowed 86% from FY 2020). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 7.6%, compared to a 12% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: US$0.065 loss per share (up from US$0.48 loss in FY 2020). Revenue: US$25.8m (up 27% from FY 2020). Net loss: US$555.0k (loss narrowed 86% from FY 2020). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 7.6%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Duyuru • Feb 25
Data I/O Announces Appointment of Edward Smith to Board of Directors Data I/O Corporation announced that Mr. Edward Smith has joined the Board of Directors of Data I/O, effective February, 23, 2022. Mr. Smith is the CEO of SMTC Corporation, a global Electronics Manufacturing Services (“EMS”) provider focused on partnering with leading original equipment manufacturers and emerging technology companies to provide the full range of end-to-end EMS services, from prototyping and design, to manufacturing and logistics. The addition of Mr. Smith expands Data I/O’s Board of Directors to 6, with 5 members being independent. Duyuru • Feb 11
Data I/O Corporation to Report Q4, 2021 Results on Feb 24, 2022 Data I/O Corporation announced that they will report Q4, 2021 results After-Market on Feb 24, 2022 Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.001 (vs US$0.084 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$6.73m (up 13% from 3Q 2020). Net income: US$12.0k (up US$719.0k from 3Q 2020). Profit margin: 0.2% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Sep 16
CTO & VP of Engineering notifies of intention to sell stock Rajeev Gulati intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of September. If the sale is conducted around the recent share price of US$7.02, it would amount to US$53k. Since March 2021, Rajeev's direct individual holding has increased from 90.96k shares to 139.27k. Company insiders have collectively sold US$292k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Sep 12
Independent Chair recently sold US$87k worth of stock On the 9th of September, Douglas Brown sold around 12k shares on-market at roughly US$7.28 per share. This was the largest sale by an insider in the last 3 months. Douglas has been a seller over the last 12 months, reducing personal holdings by US$236k. Reported Earnings • Jul 31
Second quarter 2021 earnings released: US$0.003 loss per share (vs US$0.13 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$6.73m (up 45% from 2Q 2020). Net loss: US$29.0k (loss narrowed 97% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 11
Independent Chair recently sold US$114k worth of stock On the 7th of June, Douglas Brown sold around 19k shares on-market at roughly US$6.12 per share. This was the largest sale by an insider in the last 3 months. This was Douglas' only on-market trade for the last 12 months. Executive Departure • May 26
Independent Chairman Alan Howe has left the company On the 20th of May, Alan Howe's tenure in the role of Independent Chairman ended. As of March 2021, Alan personally held 47.23k shares (US$256k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • May 03
First quarter 2021 earnings released: US$0.04 loss per share (vs US$0.067 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$6.02m (up 26% from 1Q 2020). Net loss: US$333.0k (loss narrowed 40% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2020 earnings released: US$0.48 loss per share (vs US$0.14 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$20.3m (down 5.7% from FY 2019). Net loss: US$3.96m (loss widened 234% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Duyuru • Feb 27
Data I/O Corporation Announces Alan Howe as Not Seek for Board of Director Data I/O Corporation announced 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 company or its management. Reported Earnings • Feb 27
Full year 2020 earnings released: US$0.48 loss per share (vs US$0.14 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$20.3m (down 5.7% from FY 2019). Net loss: US$3.96m (loss widened 234% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 27
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 860%. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the Electronic industry in the US. Duyuru • Feb 05
Data I/O Corporation to Report Q4, 2020 Results on Feb 25, 2021 Data I/O Corporation announced that they will report Q4, 2020 results After-Market on Feb 25, 2021 Is New 90 Day High Low • Feb 03
New 90-day high: US$5.55 The company is up 61% from its price of US$3.45 on 04 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: US$5.00 The company is up 34% from its price of US$3.73 on 13 October 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period. Duyuru • Dec 17
Data I/O Announces Support for NXP EdgeLock™ SE050 on Sentrix Product Creator Software Tool Suite Data I/O Corporation have collaborated to support NXP’s EdgeLock SE050 secure element using Data I/O’s SentriX security deployment as-a-Service. The collaboration enables Data I/O’s SentriX Product Creator™ software tool to simplify the deployment of IoT security by OEMs. IoT is enabling a multitude of revenue generating applications that compel OEMs to protect their brand and deliver secure products. Designing robust hardware-based security into connected devices provides the best protection. Designing and manufacturing secure devices can be costly and complex, typically utilizing disparate and custom software tools. The SentriX Product Creator tool simplifies IoT security by delivering pre-configured security deployment profiles for the most popular IoT use cases such as cloud onboarding, secure boot, access control, device authenticity and others. The SentriX Product Creator tool offers OEMs customizable but pre-configured security profiles based on the most popular features supported on the EdgeLock SE050 device saving time and effort and avoiding potential pitfalls during security deployment definition. The profile definitions completed using the SentriX Product Creator tool are securely transferred for device provisioning to a secure programming and distribution center. The combination of Data I/O’s SentriX platform and NXP’s EdgeLock SE050 family provides hardware-based security robustness, design flexibility and manufacturing production ease of use. Is New 90 Day High Low • Dec 16
New 90-day high: US$4.75 The company is up 49% from its price of US$3.19 on 17 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 28
New 90-day high: US$4.14 The company is up 21% from its price of US$3.43 on 28 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 19% over the same period.