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Data I/O (DAIO) Investor Presentation - Slideshow
2019-12-13 22:13
Company Overview - Data I/O Corporation is a provider of programming systems used by manufacturers to securely program integrated circuits[3] - Approximately 60% of Data I/O's revenue comes from Automotive Electronics customers[5] - The company completed a $2 million stock buyback in 3Q19[5] Financial Performance - Sales (TTM) were $23.6 million[5] - Adjusted EBITDA (TTM) was $2.1 million[5] - Cash & Securities as of 9/30/19 were $15.2 million[5] - Third quarter 2019 net sales were $3.8 million, with bookings of $4.3 million[15] - Gross margin as a percentage of sales was over 52% in 3Q19[15] - Net loss in 3Q19 was $(844,000) or $(0.10) per share[15] Market and Growth Strategy - Automotive represented 57% of bookings year-to-date through 3Q19[15] - Capital equipment accounted for approximately 65% of 2018 sales[20] - Consumables accounted for approximately 24% of 2018 sales[20] - Software and maintenance accounted for approximately 11% of 2018 sales[20]
Data I/O (DAIO) - 2019 Q3 - Quarterly Report
2019-11-13 16:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 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) Washi ...
Data I/O (DAIO) - 2019 Q3 - Earnings Call Transcript
2019-11-04 21:34
Data I/O Corporation. (DAIO) Q3 2019 Earnings Conference Call October 31, 2019 5:00 PM ET Executives Jordan Darrow - IR, Manager Anthony Ambrose - President, CEO Joel Hatlen - CFO, COO Analysts Jaeson Schmidt - Lake Street Robert Anderson - Penbrook Arthur Winston - Pilot Advisors Operator Good day, and welcome to the Data I/O Corporation Third Quarter 2019 Financial Results Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there ...
Data I/O (DAIO) Presents At 4th Annual Dougherty & Company Institutional Investor Conference - Slideshow
2019-09-11 16:51
NASDAQ: DAIO Data I/O Corporation September 2019 Investor Presentation Safe Harbor The matters that we discuss today will include forward- looking statements that involve risks factors that could cause Data I/O Corporation's results to differ materially from management's current expectations. We encourage you to review the Safe Harbor statement contained in the earnings release as well as our most recent SEC filings for a complete description. Additionally, those forward-looking statements are made as of to ...
Data I/O (DAIO) - 2019 Q2 - Quarterly Report
2019-08-14 18:31
Part I. Financial Information [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Unaudited consolidated financial statements for Q2 2019 reflect decreased net sales, net income, total assets, and stockholders' equity, incorporating new lease accounting under ASC 842 Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2019 | December 31, 2018 | | :--- | :--- | :--- | | Cash and cash equivalents | $15,165 | $18,343 | | Total Current Assets | $24,813 | $27,920 | | Total Assets | $29,690 | $30,723 | | Total Current Liabilities | $5,272 | $6,855 | | Total Liabilities | $6,961 | $7,366 | | Total Stockholders' Equity | $22,729 | $23,357 | Consolidated Statement of Operations Highlights (in thousands, except per share) | Metric | Three Months Ended June 30, 2019 | Three Months Ended June 30, 2018 | Six Months Ended June 30, 2019 | Six Months Ended June 30, 2018 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $5,834 | $7,204 | $11,892 | $14,834 | | Gross margin | $3,584 | $4,249 | $7,269 | $8,665 | | Operating income | $75 | $246 | $105 | $590 | | Net income | $127 | $486 | $153 | $616 | | Diluted EPS | $0.02 | $0.06 | $0.02 | $0.07 | Consolidated Statement of Cash Flows Highlights (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2019 | Six Months Ended June 30, 2018 | | :--- | :--- | :--- | | Net cash used in operating activities | ($1,455) | ($798) | | Net cash used in investing activities | ($305) | ($491) | | Net cash used in financing activities | ($1,442) | ($420) | | **Net decrease in cash** | **($3,202)** | **($1,709)** | - The company adopted the new lease accounting standard, ASC 842, on January 1, 2019, resulting in the recognition of a **$2,176 thousand** right-of-use asset and corresponding lease liabilities on the balance sheet[39](index=39&type=chunk)[40](index=40&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the **19% decline** in Q2 2019 net sales due to automotive electronics downturn, improved gross margin, reduced operating expenses, and cash decrease from share repurchases and incentive compensation - The company is experiencing a capital spending cyclical downturn and is focusing on automotive electronics, IoT, and security provisioning to drive future growth[65](index=65&type=chunk)[66](index=66&type=chunk) Net Sales by Type (in thousands) | Sales Type | Q2 2019 | Q2 2018 | % Change | | :--- | :--- | :--- | :--- | | Equipment sales | $3,537 | $4,665 | (24.2)% | | Adapter sales | $1,421 | $1,750 | (18.8)% | | Software and maintenance | $876 | $789 | 11.0% | | **Total** | **$5,834** | **$7,204** | **(19.0)%** | - Net sales for Q2 2019 declined **19.0%** to **$5.8 million** compared to Q2 2018, primarily due to slower Automotive Electronics cyclical demand[89](index=89&type=chunk) - Gross margin as a percentage of sales increased to **61.4%** in Q2 2019 from **59.0%** in Q2 2018, mainly due to a favorable product mix and favorable overhead and currency variances[93](index=93&type=chunk) - Both R&D and SG&A expenses were lower in Q2 2019 compared to Q2 2018, primarily due to lower headcount-related costs, incentive compensation, and stock-based compensation[94](index=94&type=chunk)[95](index=95&type=chunk) - Cash decreased by **$3.2 million** since year-end 2018, mainly from paying 2018 accrued incentive compensation and repurchasing shares[100](index=100&type=chunk) Non-GAAP Reconciliation: Adjusted EBITDA (in thousands) | Metric | Q2 2019 | Q2 2018 | H1 2019 | H1 2018 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $127 | $486 | $153 | $616 | | EBITDA | $364 | $796 | $553 | $1,193 | | Adjusted EBITDA | $728 | $1,269 | $1,204 | $1,843 | [Quantitative and Qualitative Disclosures About Market Risk](index=25&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section is not applicable for the current reporting period - Not applicable[112](index=112&type=chunk) [Controls and Procedures](index=25&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2019, with no material changes to internal controls over financial reporting - Based on an evaluation as of the end of the quarter, the CEO and CFO concluded that the company's disclosure controls and procedures were effective at a reasonable level of assurance[113](index=113&type=chunk) - No changes were made during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[114](index=114&type=chunk) Part II. Other Information [Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings) As of June 30, 2019, the company was not a party to any material pending legal proceedings - As of June 30, 2019, Data I/O was not involved in any material pending legal proceedings[115](index=115&type=chunk) [Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2018 - There are no material changes to the Risk Factors described in the Annual Report on Form 10-K for the year ended December 31, 2018[116](index=116&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=25&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's share repurchase program, approved in October 2018, to buy back up to **$2 million** of stock - On October 31, 2018, the Board of Directors approved a share repurchase program to buy back up to **$2 million** of stock through October 31, 2019[62](index=62&type=chunk)[105](index=105&type=chunk) Share Repurchases in Q2 2019 | Month | Shares Purchased | Average Price Paid | | :--- | :--- | :--- | | April 2019 | 69,141 | $5.36 | | May 2019 | 69,798 | $4.61 | | June 2019 | 49,255 | $4.42 | | **Q2 Total** | **188,194** | **$4.81** | [Defaults Upon Senior Securities](index=26&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[118](index=118&type=chunk) [Mine Safety Disclosures](index=26&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not Applicable[118](index=118&type=chunk) [Other Information](index=26&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this period - None[118](index=118&type=chunk) [Exhibits](index=26&type=section&id=Item%206.%20Exhibits) The report lists filed exhibits, including CEO and CFO certifications under Sections 302 and 906 of the Sarbanes-Oxley Act, and Interactive Data Files - Exhibits filed include certifications from the Chief Executive Officer and Chief Financial Officer as required by the Sarbanes-Oxley Act (Sections 302 and 906)[118](index=118&type=chunk)
Data I/O (DAIO) - 2019 Q2 - Earnings Call Transcript
2019-08-03 03:34
Data I/O Corporation (DAIO) Q2 2019 Earnings Conference Call August 1, 2019 5:00 PM ET Company Participants Jordan Darrow - Investor Relations Manager Anthony Ambrose - President & Chief Executive Officer Joel Hatlen - Chief Operating Officer & Chief Financial Officer Conference Call Participants Robert Anderson - Penbrook Management Avi Fisher - Long Cast Advisers Operator Good day, and welcome to the Data I/O Corporation Second Quarter 2019 Financial Results Conference Call and Webcast. All participants w ...
Data I/O (DAIO) - 2019 Q1 - Quarterly Report
2019-05-15 17:24
[PART I - FINANCIAL INFORMATION](index=3&type=section&id=Part%20I.%20Financial%20Information) This section presents the company's unaudited consolidated financial statements, management's discussion, market risk disclosures, and internal controls for the quarter [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Data I/O Corporation's unaudited consolidated financial statements and detailed notes for the quarter ended March 31, 2019 [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's assets, liabilities, and equity as of March 31, 2019, and December 31, 2018 Consolidated Balance Sheets | Metric | March 31, 2019 (in thousands) | December 31, 2018 (in thousands) | | :----------------------------- | :---------------------------- | :----------------------------- | | Total Assets | $30,910 | $30,723 | | Total Current Assets | $26,043 | $27,920 | | Cash and cash equivalents | $14,782 | $18,343 | | Total Current Liabilities | $5,522 | $6,855 | | Total Stockholders' Equity | $23,492 | $23,357 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) This section details the company's revenues, expenses, and net income for the three months ended March 31, 2019 and 2018 Consolidated Statements of Operations | Metric | Three Months Ended March 31, 2019 (in thousands) | Three Months Ended March 31, 2018 (in thousands) | Change (YoY) | | :----------------------------- | :--------------------------------------------- | :--------------------------------------------- | :----------- | | Net sales | $6,058 | $7,629 | -20.6% | | Gross margin | $3,685 | $4,416 | -16.6% | | Operating income | $29 | $344 | -91.6% | | Net income | $26 | $130 | -80.0% | | Basic earnings per share | $0.00 | $0.02 | -100.0% | | Diluted earnings per share | $0.00 | $0.02 | -100.0% | [Consolidated Statements of Comprehensive Income (Loss)](index=6&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29) This section presents the company's net income and other comprehensive income components for the three months ended March 31, 2019 and 2018 Consolidated Statements of Comprehensive Income (Loss) | Metric | Three Months Ended March 31, 2019 (in thousands) | Three Months Ended March 31, 2018 (in thousands) | | :--------------------------------- | :--------------------------------------------- | :--------------------------------------------- | | Net income | $26 | $130 | | Foreign currency translation gain (loss) | $128 | $301 | | Comprehensive income (loss) | $154 | $431 | [Consolidated Statement of Stockholders' Equity](index=7&type=section&id=Consolidated%20Statement%20of%20Stockholders%27%20Equity) This section outlines changes in the company's stockholders' equity, including share repurchases and compensation, as of March 31, 2019 Consolidated Statement of Stockholders' Equity | Metric | March 31, 2019 (in thousands) | December 31, 2018 (in thousands) | | :-------------------------------- | :---------------------------- | :----------------------------- | | Total Stockholders' Equity | $23,492 | $23,357 | | Common Shares Outstanding | 8,287,825 | 8,338,628 | | Repurchased shares | $(312) | - | | Share-based compensation | $287 | - | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This section details the cash inflows and outflows from operating, investing, and financing activities for the three months ended March 31, 2019 Consolidated Statements of Cash Flows | Metric | Three Months Ended March 31, 2019 (in thousands) | Three Months Ended March 31, 2018 (in thousands) | | :------------------------------------------ | :--------------------------------------------- | :--------------------------------------------- | | Net cash provided by (used in) operating activities | $(3,264) | $(1,631) | | Net cash provided by (used in) investing activities | $(115) | $(338) | | Net cash provided by (used in) financing activities | $(306) | $(5) | | Cash and cash equivalents at end of period | $14,782 | $16,816 | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section provides detailed explanations of the company's accounting policies, significant estimates, and specific financial statement line items - The financial statements are unaudited and prepared according to SEC rules, including all necessary adjustments. Operating results for Q1 2019 are **not necessarily indicative of the full year**. The adoption of Topic 606, "Revenue from contracts with customers," **did not materially impact 2018 financial statements**[20](index=20&type=chunk)[21](index=21&type=chunk) - **Revenue is recognized upon transfer of control of products or services, with specific policies for installation, multiple performance obligations, and separate software sales**[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk) - **Inventories consist of raw material, work-in-process, and finished goods**[41](index=41&type=chunk) - Property and equipment, net, totaled **$1,969k** as of March 31, 2019, down from **$1,985k** as of December 31, 2018[42](index=42&type=chunk) Other Accrued Liabilities (in thousands) | Metric | March 31, 2019 (in thousands) | December 31, 2018 (in thousands) | | :-------------------------- | :---------------------------- | :----------------------------- | | Other accrued liabilities | $1,405 | $789 | | Lease liability - short term | $662 | $0 | | Product warranty | $442 | $471 | - The adoption of ASC 842 on January 1, 2019, led to the recognition of right-of-use assets of **$2,039k** and total operating lease liabilities of **$2,399k** as of March 31, 2019. The weighted average remaining lease term is **4.03 years**, and the weighted average discount rate is **5%**[38](index=38&type=chunk)[40](index=40&type=chunk)[45](index=45&type=chunk)[47](index=47&type=chunk) - Purchase commitments and other obligations totaled **$1,831k** as of March 31, 2019, with **most expected to be paid within twelve months**[52](index=52&type=chunk) - **No material legal proceedings or indemnification claims were pending** as of March 31, 2019[53](index=53&type=chunk) Earnings Per Share | Metric | Three Months Ended March 31, 2019 | Three Months Ended March 31, 2018 | | :-------------------------- | :-------------------------------- | :-------------------------------- | | Basic earnings per share | $0.00 | $0.02 | | Diluted earnings per share | $0.00 | $0.02 | Share-Based Compensation (in thousands) | Metric | Three Months Ended March 31, 2019 (in thousands) | Three Months Ended March 31, 2018 (in thousands) | | :-------------------------- | :--------------------------------------------- | :--------------------------------------------- | | Total share-based compensation | $287 | $177 | | Unamortized future equity compensation expense | $2,581 | - | | Remaining weighted average amortization period | 2.44 years | - | - The Board approved a **share repurchase program of up to $2 million**. For the quarter ended March 31, 2019, **57,612 shares** were repurchased for **$310,489**[62](index=62&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial condition, operational results, strategic focus, critical accounting policies, and liquidity for the quarter [General](index=17&type=section&id=General) This section highlights the forward-looking nature of the report and inherent uncertainties in the company's economic outlook - **The report includes forward-looking statements regarding economic outlook, industry prospects, future financial results, and market growth, which are subject to inherent uncertainties and risks**[65](index=65&type=chunk) [Overview](index=17&type=section&id=Overview) This section outlines the company's strategic focus on automotive electronics, core programming business, and R&D efforts amidst industry challenges - The company focuses on **automotive electronics and managing its core programming business for growth and profitability**, while **investing in security provisioning products**[66](index=66&type=chunk) - **Research and development efforts are concentrated on automotive electronics, IoT new programming technologies, secure supply chain solutions, and automated programming systems**[67](index=67&type=chunk) - Challenges include operating in a **cyclical and rapidly evolving industry environment**, **balancing industry changes, new technologies, business geography shifts, exchange rate volatility, trade issues, and increasing costs**[66](index=66&type=chunk) [Critical Accounting Policy Judgments and Estimates](index=18&type=section&id=Critical%20Accounting%20Policy%20Judgments%20and%20Estimates) This section details the key accounting estimates and judgments, including revenue recognition, inventory valuation, and tax valuation allowances - **Key estimates and judgments are made in revenue recognition, allowance for doubtful accounts, inventory valuation, warranty accruals, tax valuation allowances, and share-based compensation**[70](index=70&type=chunk) - Revenue recognition policies align with Topic 606, with **revenue generally recognized upon transfer of control**. The adoption of Topic 606 **did not materially impact 2018 financial statements**[71](index=71&type=chunk)[72](index=72&type=chunk)[74](index=74&type=chunk) - Inventory is stated at the **lower of cost or net realizable value**, with adjustments for obsolescence. Significant decreases in demand or rapid technological changes could **adversely affect gross margin**[80](index=80&type=chunk) - A **valuation allowance of $6.9 million** is maintained for deferred tax assets due to loss history and uncertain economic outlook[82](index=82&type=chunk)[96](index=96&type=chunk) [Results of Operations](index=21&type=section&id=Results%20of%20Operations) This section provides a detailed analysis of the company's net sales, gross margin, operating expenses, and net income for the reporting period Net Sales by Type (in thousands) | Metric | Mar. 31, 2019 | Change (YoY) | Mar. 31, 2018 | | :----------------------- | :------------ | :----------- | :------------ | | Equipment sales | $3,711 | (27.9%) | $5,149 | | Adapter sales | $1,461 | (13.6%) | $1,690 | | Software and maintenance | $886 | 12.2% | $790 | | Total programming systems | $6,058 | (20.6%) | $7,629 | - Net sales for Q1 2019 declined **20.6%** to **$6.1 million**, primarily due to **strong cyclical demand in Automotive Electronics and Programming Centers in 2017**. International sales accounted for **94.1% of total sales** in Q1 2019, with **Europe being the strongest territory**[86](index=86&type=chunk)[88](index=88&type=chunk) - Order bookings were **$6.2 million** for both Q1 2019 and Q1 2018. Backlog at March 31, 2019, was **$2.0 million**, down from **$2.7 million** in the prior year[89](index=89&type=chunk) Gross Margin (in thousands) | Metric | Mar. 31, 2019 | Change (YoY) | Mar. 31, 2018 | | :---------------- | :------------ | :----------- | :------------ | | Gross margin | $3,685 | (16.6%) | $4,416 | | Percentage of net sales | 60.8% | +2.9 pp | 57.9% | - The increase in gross margin as a percentage of sales was due to a **favorable channel and product mix**, as well as comparatively favorable factory variances and ongoing cost reductions[91](index=91&type=chunk) Operating Expenses (in thousands) | Metric | Mar. 31, 2019 | Change (YoY) | Mar. 31, 2018 | | :-------------------------------- | :------------ | :----------- | :------------ | | Research and development | $1,681 | (10.5%) | $1,879 | | Selling, general and administrative | $1,975 | (9.9%) | $2,193 | - R&D and SG&A expenses decreased primarily due to **lower headcount-related costs and incentive compensation**, partially offset by **higher stock compensation**[92](index=92&type=chunk)[93](index=93&type=chunk) - Interest income increased by **71.4%** to **$12k** in Q1 2019 due to minor increases in interest rates[94](index=94&type=chunk) - The company reported an income tax benefit of **$29k** in Q1 2019, compared to an expense of **$(45)k** in Q1 2018, primarily due to **converting AMT credits into a receivable** and **lower pre-tax foreign subsidiary income**[95](index=95&type=chunk) [Financial Condition](index=23&type=section&id=Financial%20Condition) This section assesses the company's liquidity, capital resources, cash flow, and share repurchase program, including the impact of new accounting standards Liquidity and Capital Resources (in thousands) | Metric | Mar. 31, 2019 | Change (QoQ) | Dec. 31, 2018 | | :-------------- | :------------ | :----------- | :------------ | | Working capital | $20,521 | $(544) | $21,065 | - Cash decreased by **$3.6 million** from December 31, 2018, primarily due to **paying 2018 accrued incentive compensation**, **share repurchases**, and **inventory build to avoid potential tariff changes**[97](index=97&type=chunk) - The adoption of ASC 842 on January 1, 2019, reduced working capital by recognizing a **$662k current lease liability**[98](index=98&type=chunk) - The company believes it has **sufficient cash and working capital** to fund operations and capital requirements for at least the next year, but may require additional cash for growth or acquisitions[101](index=101&type=chunk) - The Board approved a **$2 million** share repurchase program (Nov 1, 2018 - Oct 31, 2019). For Q1 2019, **57,612 shares** were repurchased for **$310,489**. As of March 31, 2019, approximately **$1,156,048** remained available under the program[104](index=104&type=chunk)[105](index=105&type=chunk) - **No significant off-balance sheet arrangements exist**, other than operating lease commitments and other purchase commitments[106](index=106&type=chunk) Non-GAAP Financial Measures (in thousands) | Metric | Three Months Ended March 31, 2019 | Three Months Ended March 31, 2018 | | :-------------------------------- | :-------------------------------- | :-------------------------------- | | EBITDA earnings | $189 | $397 | | Adjusted EBITDA earnings (excluding equity compensation) | $476 | $574 | - The company adopted the new lease accounting standard, ASC 842, on January 1, 2019, using the **modified retrospective transition method**, which required **balance sheet adjustments for right-of-use assets and lease liabilities**[110](index=110&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section states that the company has no applicable quantitative and qualitative disclosures about market risk for the reporting period - **This item is not applicable**[111](index=111&type=chunk) [Item 4. Controls and Procedures](index=26&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls were effective as of March 31, 2019, with no material changes in internal controls - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective at a reasonable level of assurance** as of March 31, 2019[112](index=112&type=chunk) - There were **no material changes in internal controls over financial reporting** during the period covered by this report[113](index=113&type=chunk) [PART II - OTHER INFORMATION](index=27&type=section&id=Part%20II%20Other%20Information) This section covers legal proceedings, risk factors, equity sales, defaults, and other miscellaneous information for the reporting period [Item 1. Legal Proceedings](index=27&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no material pending legal proceedings as of March 31, 2019 - As of March 31, 2019, the company was **not a party to any material pending legal proceedings**[115](index=115&type=chunk) [Item 1A. Risk Factors](index=27&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors described in the Annual Report on Form 10-K for December 31, 2018 - There are **no material changes to the Risk Factors** described in the Annual Report on Form 10-K for the year ended December 31, 2018[116](index=116&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=27&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities or use of proceeds during the period - **None**[116](index=116&type=chunk) [Item 3. Defaults Upon Senior Securities](index=27&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - **None**[116](index=116&type=chunk) [Item 4. Mine Safety Disclosures](index=27&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - **Not Applicable**[116](index=116&type=chunk) [Item 5. Other Information](index=27&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this period - **None**[116](index=116&type=chunk) [Item 6. Exhibits](index=27&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications and Interactive Data Files - Exhibits include **certifications pursuant to Section 302 and Section 906 of the Sarbanes Oxley Act of 2002**, and **Interactive Data Files pursuant to Rule 405 of Regulation S-T**[116](index=116&type=chunk) [Signatures](index=28&type=section&id=Signatures) The report was signed by Anthony Ambrose and Joel S. Hatlen on behalf of Data I/O Corporation on May 15, 2019 - The report was signed by Anthony Ambrose, President and Chief Executive Officer, and Joel S. Hatlen, Vice President and Chief Operating and Financial Officer, on **May 15, 2019**[119](index=119&type=chunk)[121](index=121&type=chunk)
Data I/O (DAIO) - 2019 Q1 - Earnings Call Transcript
2019-04-26 02:40
Data I/O Corporation (DAIO) Q1 2019 Earnings Conference Call April 25, 2019 5:00 PM ET Company Participants Jordan Darrow - IR Anthony Ambrose - President, CEO Joel Hatlen - CFO, COO, VP of Operations & Finance, Treasurer and Secretary Conference Call Participants Jaeson Schmidt - Lake Street Robert Anderson - Penbrook Arthur Winston - Pilot Advisors George Melas - MKH Management Operator Good afternoon, and welcome to the Data I-O First Quarter 2019 Financial Results Conference Call. All participants will ...
Data I/O (DAIO) - 2018 Q4 - Annual Report
2019-03-28 17:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or ยจ 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) Washington 91-0864123 (S ...
Data I/O (DAIO) Presents At LD Micro Virtual Conference - Slideshow
2019-03-18 14:34
Nasdaq: DAIO Data I/O Corporation March 2019 Investor Presentation Safe Harbor The matters that we discuss today will include forward- looking statements that involve risks factors that could cause Data I/O Corporation's results to differ materially from management's current expectations. We encourage you to review the Safe Harbor statement contained in the earnings release as well as our most recent SEC filings for a complete description. Additionally, those forward-looking statements are made as of today, ...