Data I/O (US:DAIO)2025-11-03 21:27Financial Performance - Net sales for Q3 2025 were $5.4 million, unchanged from Q3 2024 and down from $5.9 million in Q2 2025[11]. - Net loss for Q3 2025 was $1.36 million, or $0.15 per share, compared to a net loss of $0.31 million, or $0.03 per share, in Q3 2024[14]. - Net income for the three months ended September 30, 2025, was a loss of $1,362,000 compared to a loss of $307,000 for the same period in 2024, representing an increase in loss of 344.57%[29]. - Adjusted EBITDA, excluding equity compensation, for the nine months ended September 30, 2025, was a loss of $1,683,000, compared to a loss of $324,000 for the same period in 2024, indicating a significant increase in loss[29]. Sales and Bookings - Bookings increased by over 7% year-over-year, reaching $5.1 million compared to $4.7 million in Q3 2024[12]. - Automotive electronics accounted for 78% of Q3 2025 bookings, up from 59% for the entire year of 2024[12]. - Backlog as of September 30, 2025, was $2.7 million, slightly down from $2.8 million on June 30, 2025[12]. - Deferred revenue increased to approximately $1.4 million as of September 30, 2025, up from $1.3 million on June 30, 2025[12]. Expenses and Liabilities - Operating expenses rose to $4.1 million in Q3 2025, up from $3.3 million in the same period last year[14]. - Total liabilities remained stable at $5,071,000 in September 2025 compared to $5,072,000 in December 2024[27]. - One-time expenditures related to cybersecurity incidents amounted to $230,000 for the three months ended September 30, 2025[30]. Assets and Equity - Total current assets decreased from $21,157,000 in December 2024 to $19,493,000 in September 2025, a decline of approximately 7.85%[27]. - Cash and cash equivalents decreased from $10,326,000 in December 2024 to $9,664,000 in September 2025, a decrease of 6.39%[27]. - Inventories decreased from $6,212,000 in December 2024 to $5,800,000 in September 2025, a decline of 6.64%[27]. - Total stockholders' equity decreased from $17,626,000 in December 2024 to $16,010,000 in September 2025, a decrease of 9.14%[27]. Awards and Strategic Initiatives - The LumenX-M8 Manual Programming System received two industry awards, reinforcing the company's Unified Programming Platform strategy[6]. - The company engaged a leading boutique investment bank for M&A aligned with its growth strategy[8]. Depreciation and Shares - The company reported a depreciation and amortization expense of $370,000 for the nine months ended September 30, 2025, down from $450,000 in the same period of 2024[29]. - The number of issued and outstanding common shares increased from 9,236,040 as of December 31, 2024, to 9,390,730 as of September 30, 2025[27].