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Data I/O Reports Second Quarter 2025 Results
Data I/O Data I/O (US:DAIO) Newsfile·2025-07-24 20:00

Core Insights - Data I/O Corporation reported a second consecutive quarter of sequential bookings growth, indicating a positive trend in demand for its programming solutions [1][2] - The company received a significant order for automated programming systems from a leading global automotive EV supplier, valued at over $1.4 million, highlighting its competitive edge in supporting UFS 4.0 technology [2][6] - The UFS memory market is projected to grow at a CAGR of 14% over the next five years, presenting substantial opportunities for Data I/O as it prepares for next-generation high-density memory technology [5] Financial Performance - Net sales for Q2 2025 were $5.9 million, a decrease from $6.2 million in Q1 2025 but an increase from $5.1 million in Q2 2024 [6] - Bookings for Q2 2025 reached $5.8 million, up from $4.6 million in Q1 2025 and $5.6 million in Q2 2024, with a backlog of $2.8 million as of June 30, 2025 [7] - Gross margin for Q2 2025 was 49.8%, down from 51.6% in Q1 2025 and 54.5% in the prior year, attributed to a lower margin product mix [8] Operational Highlights - Operating expenses for Q2 2025 were $3.8 million, an increase from $3.6 million in Q1 2025, reflecting ongoing investments in the core programming platform and other operational needs [10] - The company reported a net loss of $742,000 or $0.08 per share for Q2 2025, compared to a net loss of $797,000 or $0.09 per share in the prior year [10] - Cash at the end of Q2 2025 was $10.0 million, slightly down from $10.3 million at the end of 2024, indicating a solid balance sheet despite one-time expenses [10]