Group 1: Market Overview - The market rally is not broad-based, with many businesses at bargain levels and significant upside potential as they execute and grow [5] - Historical patterns and future estimates can guide sound judgments about the direction of oversold stocks [4] Group 2: Trupanion (TRUP) - Trupanion provides medical insurance for pets in the U.S. and Canada, with the stock down over 80% from its highs, presenting an attractive buying opportunity [7] - Approximately 7 million Americans plan to acquire a pet this year, with younger generations favoring pets over children, positioning Trupanion to benefit from this trend [8] - In Q1, Trupanion's revenue increased by 19.4% year-over-year to $306.1 million, surpassing estimates by $5.6 million, although it remains unprofitable with losses narrowing to 16 cents per share [8] Group 3: TechTarget (TTGT) - TechTarget provides purchase intent data and marketing services to enterprise technology vendors, facing challenges with financial metrics but showing potential for rebound [11] - Management forecasts Q2 revenues of $57-59 million, indicating a 12% sequential increase from Q1 and flat year-over-year growth, suggesting stabilization [12] - Analysts expect TechTarget to return to growth with a projected EPS of $1.8 and double-digit growth anticipated in 2026 [12][13] Group 4: Data I/O Corporation (DAIO) - Data I/O Corporation is viewed as a high-risk, high-reward investment, with Q1 bookings reaching $8.1 million, the highest in 11 quarters [15] - The company is expected to benefit from long-term trends in AI, IoT, and healthcare, despite near-term sales volatility [16] - Analysts predict EPS will rise from 10 cents in 2024 to 30 cents in 2025, with a forward P/E of 10x for a company expected to grow sales by 14% next year [17]

Financial Performance - First quarter revenue was $6.1 million, down 16% from $7.2 million in the prior year period, attributed to lower backlog and timing of shipments [58]. - First quarter bookings increased to $8.1 million, up 41% from the prior year, driven by strong opportunity conversion in Europe and Asia [58]. - Backlog rose by $1.7 million to $4.5 million as of March 31, 2024, compared to $3.2 million a year earlier [59]. - International sales accounted for approximately 96% of total net sales in the first quarter of 2024, up from 87% in the prior year [79]. - Gross margin for the first quarter was $3.22 million, representing 52.8% of net sales, down from 59.5% in the same period last year [80]. - EBITDA loss for Q1 2024 was $(645,000), compared to a profit of $253,000 in Q1 2023, while adjusted EBITDA was $(364,000) compared to $502,000 in the prior year [95]. Expenses and Costs - Research and development (R&D) expenses decreased by 2.6% to $1,582,000 in Q1 2024, representing 25.9% of net sales compared to 22.5% in Q1 2023 [83]. - Selling, general and administrative (SG&A) expenses slightly decreased by 0.4% to $2,498,000, accounting for 41.0% of net sales, up from 34.7% in the previous year [84]. - The income tax expense for Q1 2024 was $(41,000), a 17.1% increase from $(35,000) in Q1 2023, primarily related to foreign and state taxes [87]. Cash and Working Capital - Working capital decreased by 1.5% to $18,148,000 as of March 31, 2024, with cash decreasing to $12,000,000, down $342,000 from December 31, 2023 [90]. - The company has no debt and believes it has sufficient cash and working capital to fund operations for the next year and beyond [93]. Strategic Initiatives - Research and development efforts are focused on automotive electronics and IoT programming technologies, with ongoing investments to maintain leadership in these markets [61]. - Data I/O is implementing spending controls and process efficiencies to enhance operating leverage while expanding market penetration [62]. - The company has implemented initiatives to reduce exposure to currency volatility and control costs while balancing spending with anticipated revenue levels [92]. - The company has no significant capital expenditure plans currently but will continue to manage expenditures to support business development [91]. Market and Sales Insights - Automotive electronics represented 49% of orders in the first quarter, followed by 37% for programming centers and 14% for IoT [79]. - The Americas region is expected to absorb capacity expansion in 2024, following significant growth over the past two years [60]. - Interest income increased by 128.6% to $80,000 in Q1 2024, driven by higher interest rates and invested balances compared to $35,000 in Q1 2023 [85]. - The company had $1.8 million in deferred revenue as of March 31, 2024, compared to $2.0 million a year earlier [78]. - The company maintains a valuation allowance of $8.9 million as of March 31, 2024, due to uncertainties related to loss history and economic outlook [88].

Date of Report (Date of earliest event reported): April 25, 2024 Data I/O Corporation (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) Washington 0-10394 91-0864123 6645 185th Ave. N.E., Suite 100, Redmond, WA 98052 (Address of principal exec ...

Data I/O Corporation (DAIO) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Jordan Darrow – Investor Relations Anthony Ambrose – President and Chief Executive Officer Gerry Ng – Chief Financial Officer Conference Call Participants David Marsh – Singular Research Kevin Garrigan – WestPark Capital Operator Good afternoon, and welcome to the Data I/O First Quarter 2024 Financial Results Conference Call. All participants will be in a listen-only mode. After today's presentation, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number: 0-10394 DATA I/O CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdic ...

Data I/O Corporation (DAIO) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants Jordan Darrow - Investor Relations Anthony Ambrose - President & Chief Executive Officer Gerry Ng - Chief Financial Officer Conference Call Participants David Marsh - Singular Research Kevin Garrigan - WestPark Capital David Kanen - Kanen Wealth Management Michael Wetherington - Wildglen Ventures Operator Good afternoon, and welcome to the Data I/O Fourth Quarter 2023 Financial Results Conference C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT 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) (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) Washington 0-10394 91-0864123 6645 185th Ave. N.E., Suite 100, Redmond, WA 98052 (Address of principal e ...

REDMOND, Wash.--(BUSINESS WIRE)--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 that it has scheduled a conference call to discuss financial results for the fourth quarter ended December 31, 2023, on Thursday, February 22, 2024. Management will hold the conference call at 2 p.m. Pacific Time/5 p.m. Eastern Time. Data I/O Corporation will release the company's financial r ...

REDMOND, Wash.--(BUSINESS WIRE)--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 the availability of the third installment of its 2023/2024 fireside chat series of interviews with its President and CEO, Anthony Ambrose. Mr. Ambrose was joined by Data I/O’s Chief Technology Officer, Rajeev Gulati. The executives were interviewed by guest host Vishal Mishra of Bard Associa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 0-10394 DATA I/O CORPORATION (Exact name of registrant as specified in its charter) Washingto ...