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 ...

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 March 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 oth ...

Data I/O Corporation (DAIO) Q1 2023 Results Conference Call April 27, 2023 5:00 PM ET Company Participants Jordan Darrow - IR Anthony Ambrose - President and CEO Joel Hatlen - COO and CFO Conference Call Participants David Marsh - Singular Research Kevin Garrigan - WestPark Capital Matt Winthrop - Equitable Avi Fisher - Long Cast Advisers Operator Good day, and welcome to the Data I/O First Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I w ...

Sales Performance - In 2022, equipment sales accounted for 57% of total sales, while adapter sales were 30% and software and maintenance sales were 13%[25]. - In 2022, net sales in the U.S. were $1.8 million, a decrease from $2.6 million in 2021 and an increase from $1.5 million in 2020[33]. - International sales accounted for approximately 93% of net sales in 2022, compared to 90% in 2021 and 93% in 2020[34]. - Net international sales for 2022 were $22.4 million, down from $23.2 million in 2021 and up from $18.8 million in 2020[35]. - The backlog of pending orders was approximately $4.8 million as of December 31, 2022, compared to $2.9 million in 2021 and $3.9 million in 2020[41]. Market Conditions - The company experienced supply chain disruptions due to COVID-19, particularly with a two and a half month shutdown of operations in Shanghai, impacting shipping times and customer demand[15]. - The strengthening of the US Dollar against foreign currencies, especially the Euro and Yuan, created significant headwinds for translated consolidated revenues[15]. - The semiconductor chip shortages that began in mid-2021 continued to affect operations into 2022, leading to supply chain unreliability[15]. - The company reported that the automotive electronics market remains strong, driven by long-term forecasts for growth over the next decade[15]. Product and Technology - The SentriX security deployment system operates on a pay-per-part basis, contributing to recurring revenue streams alongside consumables and service fees[24]. - The PSV7000 Automated Programming System is particularly well-adopted in the automotive electronics sector, supporting security deployment upgrades[20]. - The LumenX programming engine is designed for high-performance programming of large NAND FLASH and microcontrollers, addressing increasing memory densities[23]. - Data I/O's solutions target high-volume markets, specifically automotive electronics and IoT systems, which are expected to grow significantly[28]. Research and Development - Research and development expenditures in 2022 were $6.1 million, representing 25% of net sales, down from 26% in 2021 and 31% in 2020[43]. - The company focuses its R&D efforts on strategic growth markets, including automotive electronics, IoT, and security deployment[42]. - The company has approximately 20 U.S. and international awarded patents related to the SentriX platform and security provisioning[44]. Workforce and Management - As of December 31, 2022, the company had a total of 95 employees, with 45 located outside the U.S.[47]. - The company experienced challenges in recruiting assembly technicians and software development engineers due to tight labor markets in 2022[48]. - Rajeev Gulati has been with Data I/O since July 2013, serving as Chief Technology Officer and Vice President of Engineering, bringing extensive experience from AMD and other tech companies[56]. - Michael Tidwell joined Data I/O in May 2019 as Vice President of Marketing and Business Development, previously holding key positions in AI and software security sectors[57]. Corporate Governance and ESG - The company has a diverse Board of Directors and is committed to ESG initiatives, including community engagement and environmental responsibility[50]. Market Risk - No quantitative or qualitative disclosures about market risk were applicable in the current report[175].