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Data I/O Corp (DAIO) is the world’s leading global provider of advanced data and security programming solutions for flash-memory-based intelligent devices and microcontrollers. Established in 1972, Data I/O has been at the forefront of innovation, enabling the design and manufacture of electronic products across various industries including automotive, Internet-of-Things (IoT), medical, wireless, consumer electronics, and industrial controls.
Data I/O’s products are essential for the security provisioning and programming of devices, ensuring that these processes are reliable, secure, and cost-effective. Their programming systems and value-added software solutions help customers streamline their security provisioning and programming processes, meet specific quality and traceability requirements, and ensure devices are programmed at maximum speed with the highest quality.
The company is renowned for its relentless focus on quality, programming performance, and support, helping customers achieve excellence in their production processes. Data I/O’s solutions are used globally, with a significant geographic presence in the United States, Europe, and the rest of the world.
Recent achievements include advancements in their programming technology and partnerships with key players in the electronics industry. Current projects focus on enhancing security measures and supporting the latest innovations in IoT and automotive markets.
Data I/O (NASDAQ: DAIO) reported Q3 2024 financial results with net sales of $5.4 million, down 17% from $6.6 million in Q3 2023. The company posted a net loss of ($307,000), or ($0.03) per share, compared to a net loss of ($53,000) in Q3 2023. Despite lower sales volume, gross margin remained steady at 53.9%. Operating expenses decreased by 9% to $3.2 million. The company maintains a strong balance sheet with $12.4 million in cash and no debt. New CEO William Wentworth, appointed October 1, 2024, outlined plans to enhance customer engagement, expand product portfolio, and diversify market presence beyond automotive electronics.
Data I/O (NASDAQ:DAIO) has announced its participation in several investor events in October 2024. These include:
- Third Quarter 2024 Financial Results Conference Call/Webcast on October 24
- Nasdaq Stock Market Closing Bell Ceremony on October 28
- LD Micro Main Event XVII Investor Conference on October 30
The Q3 financial results will be released after market close on October 24, followed by a conference call at 2 p.m. Pacific Time. The Nasdaq bell ringing ceremony will celebrate Data I/O's 40+ years as a public company and recent leadership transition. At the LD Micro conference, Data I/O will present and host 1:1 investor meetings.
Data I/O (NASDAQ: DAIO) has announced a CEO transition plan, with industry veteran Bill Wentworth set to become President and CEO. Wentworth, currently a board member, will assume the role of President on September 1, 2024, and CEO on October 1, 2024, replacing Anthony Ambrose. With over 35 years of industry experience, Wentworth brings valuable insights as a former Data I/O customer and successful business leader. He aims to capitalize on the company's strengths, generate growth, add new revenue streams, and explore organic and inorganic opportunities. The transition plan includes Ambrose assisting during the transition period and remaining available as a consultant for 12 months.
Data I/O (NASDAQ: DAIO) reported its Q2 2024 financial results, showing mixed performance. Net sales decreased 32% to $5.1 million, while bookings reached $5.6 million. The company reported a net loss of ($797,000) or ($0.09) per share. Despite market softness, Data I/O saw higher bookings in H1 2024 and gained 8 new customers. The company implemented significant operating expense reductions and improved direct product costs. Gross margin as a percentage of sales was 54.5%. Data I/O ended the quarter with $11.4 million in cash and no debt. The company repatriated $3.4 million from its China subsidiary, incurring a dividend withholding tax of $337,000.
Data I/O (NASDAQ:DAIO), a leader in security and data deployment solutions, will announce its Q2 2024 financial results on July 25, 2024. The results cover the quarter ended June 30, 2024. A conference call discussing the results is scheduled for 2 p.m. Pacific Time/5 p.m. Eastern Time, the same day.
Financial results will be released after the market closes. To listen to the call, dial 412-317-5788. A replay will be available until August 8, 2024, by dialing 412-317-0088, using access code 1486982. The call will also be webcast on Data I/O's website, with a replay available approximately one hour post-call.
Data I/O (NASDAQ:DAIO) announced its participation in the iAccess Alpha Buyside Best Ideas Summer Conference 2024, scheduled for June 25 and 26. The event will feature a presentation by President and CEO Anthony Ambrose at 11:00 a.m. ET on June 25, followed by one-on-one meetings on June 26. This virtual conference, organized by iAccess Alpha, allows companies to connect with investors through webcasts and personalized meetings. Attendees can register and schedule meetings via the conference website. The presentation will be webcast live and available for replay.
Data I/O (NASDAQ: DAIO) announced the availability of the final installment of its fireside chat series with President and CEO Anthony Ambrose, focusing on Smart Factory Industrial Applications. The interview, hosted by Avi Fisher of Long Cast Advisors, highlights Data I/O's presence in the Industrial Automation market, the importance of programming data in smart factories, the growth in real-time capabilities, and the role of ConneX Software and Edge AI in factory integration.
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