Financial Data and Key Metrics Changes - The company reported Q1 2024 revenue of $6.1 million, down 16% from $7.2 million in the prior year period, attributed to lower backlog and timing of shipments [33] - Bookings for Q1 were $8.1 million, up 41% year-over-year, marking the highest bookings level in eleven quarters [19][33] - Gross margin for Q1 was 53%, a decline of 5 percentage points from the previous year, driven by lower sales volume and a higher mix of distributor channel sales [12] Business Line Data and Key Metrics Changes - The automotive sector remains the largest market, with significant programming demand driven by ADAS and edge AI applications [6][7] - Industrial IoT is the second largest market, positively impacted by edge AI, contributing to increased programming demand [6] - The backlog increased by $1.7 million to $4.5 million as of March 31, 2024, indicating strong future revenue potential [12] Market Data and Key Metrics Changes - The Americas region has shown strong performance, but there is a noted slowdown in demand for EVs, while EMEA has picked up in bookings and future opportunities [20][41] - Asia continues to be strong, particularly in Korea and China, with a focus on the EV industry [40] - Europe, which had been weak, is now showing strength with a strong bookings quarter in Q1 [41] Company Strategy and Development Direction - The company is focusing on disciplined growth targeting automotive, industrial, and programming center markets worldwide, with an emphasis on edge AI applications [28] - There is a commitment to innovation and investment in programming technology, as evidenced by the announcement of the 500th PSV System order [8] - The company aims to return gross margins to a normalized mid to high 80% range by the end of 2024 [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating market opportunities despite uncertainties in global and geopolitical events [17] - The company anticipates a back-end loaded year with most backlog recognized as revenue in the second half of 2024 [19][38] - Management expects double-digit bookings growth for 2024, supported by strong operational discipline and cost reductions [13] Other Important Information - The company ended Q1 with $12 million in cash, slightly down from the beginning of the quarter, reflecting higher expenditures typical for Q1 [11] - The company has no debt and maintains a strong cash position, allowing it to navigate market challenges [34] Q&A Session Summary Question: Can you provide clarity on backlog and its geographical mix? - Management indicated that the backlog is expected to ship later in the year, with a significant portion tied to new customer sites requiring advance notice for orders [54] Question: What is the market pulse globally, especially regarding North America and overseas? - Management noted strength in Asian markets, particularly in the EV sector, while Europe is showing improved bookings after a period of weakness [40][41] Question: Which end markets are expected to drive orders in 2024? - Management highlighted that automotive and industrial markets remain fundamental, with edge AI being a connecting theme driving increased programming demand [44] Question: Can you elaborate on the interesting deals in the SentriX pipeline? - Management mentioned ongoing presales efforts in the IoT space, with several promising deals in the funnel, although the growth in unit sales continues to rise [45]

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 ...

Data I/O Corporation (DAIO) Q3 2023 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants Jordan Darrow - IR Anthony Ambrose - President and CEO Gerald Ng - CFO Conference Call Participants Kevin Garrigan - WestPark Capital David Marsh - Singular Research David Kanen - Kanen Wealth Management Operator Good afternoon everyone and welcome to the Data I/O Third Quarter 2023 Financial Results Conference Call. All participants will be in a listen-only mode. After today's presentation, there w ...

Financial Performance - In Q2 2023, the company reported net sales of $5,935,000 for automated programming systems, a 62.9% increase compared to $3,644,000 in Q2 2022[79] - Non-automated programming systems generated $1,463,000 in Q2 2023, reflecting a 30.0% increase from $1,125,000 in Q2 2022[79] - The company achieved profitability for the fourth consecutive quarter, indicating a return to more normal operations after previous disruptions[59] - Net sales for Q2 2023 were $7.4 million, a 55.1% increase from $4.8 million in Q2 2022, driven by recovery from COVID-19 restrictions and supply chain improvements[80] - Gross margin for Q2 2023 was 59.1%, an increase from 57.8% in Q2 2022, attributed to higher sales volume and improved product mix[85] - EBITDA for Q2 2023 was $490,000, compared to a loss of $445,000 in Q2 2022, indicating improved operational performance[102] - Net income for Q2 2023 was $300,000, compared to a net loss of $657,000 in Q2 2022, indicating a significant improvement[103] - Adjusted EBITDA, excluding equity compensation, reached $870,000 in Q2 2023, compared to a loss of $65,000 in Q2 2022, showcasing strong operational efficiency[103] - For the first half of 2023, net income was $395,000, a recovery from a net loss of $2,477,000 in the same period of 2022[103] - The total adjusted EBITDA for the first half of 2023 was $1,372,000, compared to a loss of $996,000 in the first half of 2022, highlighting a turnaround in financial performance[103] Market and Sales Trends - International sales accounted for approximately 86.3% of total net sales in Q2 2023, down from 89.2% in the same period last year[81] - Year-to-date bookings reached $13.3 million, up from $12.6 million in the prior year, despite softness in China demand due to new automotive emission standards[83] - The strong dollar began to reverse in Q4 2022, providing a favorable impact on revenue through Q2 2023, particularly against the Euro[61] Research and Development - The company is focusing R&D efforts on automotive electronics and IoT programming technologies, aiming to enhance secure supply chain solutions and automated programming systems[62] - Research and development expenses in Q2 2023 were $1.72 million, a 10.5% increase from $1.56 million in Q2 2022, reflecting investment in product lines[87] Operational Efficiency - The company plans to continue reducing inventory levels throughout 2023, indicating improved supply chain management[60] - The impact of semiconductor shortages is still present but is being managed effectively, with expectations for improvement in 2023[61] - The company is adapting to global economic challenges, including inflation and interest rate hikes, while focusing on cost management and growth strategies[61] Financial Position - The company maintains a strong cash position, allowing for continued investment in market expansion and new product development[64] - Working capital at June 30, 2023, was $18.0 million, an increase of $0.4 million compared to December 31, 2022[95] - The company reported a backlog of approximately $3.8 million as of June 30, 2023, up from $3.2 million at March 31, 2023[84] Expenses - Selling, general, and administrative expenses rose to $2.49 million in Q2 2023, a 29.1% increase from $1.93 million in Q2 2022, driven by higher commissions and recruiting fees[89] - Interest income surged to $49,000 in Q2 2023, a 4800% increase from $1,000 in Q2 2022, due to higher interest rates and invested balances[91] - The company reported a total depreciation and amortization expense of $130,000 for Q2 2023, slightly down from $152,000 in Q2 2022[103] - Equity compensation expenses remained consistent at $380,000 for both Q2 2023 and Q2 2022, indicating stable compensation practices[103]

Data I/O Corporation (DAIO) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Jordan Darrow - IR Anthony Ambrose - President and CEO Joel Hatlen - Vice President, COO, and CFO Gerald Ng - Vice President of Finance Conference Call Participants Kevin Garrigan - WestPark Capital David Marsh - Singular Research Matthew Winthrop - Equitable Chris Lukowski - Private Investor Operator Good afternoon and welcome to the Data I/O Second Quarter 2023 Financial Results Conference Call. All ...