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Data I/O Corporation (NASDAQ: DAIO) is a globally recognized provider of advanced data programming and security provisioning solutions tailored for a wide range of industries. Founded in 1972, the company has established itself as a trusted partner for manufacturers of electronic products in sectors such as automotive electronics, Internet of Things (IoT), medical devices, industrial controls, consumer electronics, and wireless communication. Its innovative systems and software solutions enable customers to efficiently and securely program flash memory, microcontrollers, and intelligent devices, ensuring high-quality production while meeting stringent security and traceability requirements.
Core Business and Value Proposition
At the heart of Data I/O's operations is its commitment to delivering reliable, secure, and cost-effective programming solutions. The company designs and manufactures programming systems that integrate seamlessly into production workflows, allowing customers to streamline their processes and achieve maximum efficiency. Its value-added software solutions further enhance these systems by enabling advanced features such as security provisioning, quality assurance, and traceability. These capabilities are critical in industries where product reliability and data security are non-negotiable.
Industry Context and Market Relevance
Data I/O operates within the broader context of the rapidly evolving electronics manufacturing industry, which is characterized by increasing demand for connected devices and heightened security concerns. The proliferation of IoT devices, advancements in automotive technologies such as ADAS (Advanced Driver Assistance Systems), and the growing adoption of secure microcontrollers have created a pressing need for robust programming and security solutions. Data I/O addresses this need by providing systems that ensure devices are programmed at maximum speed with the highest quality, while also meeting specific security and traceability standards.
Key Differentiators and Competitive Position
Data I/O sets itself apart through its relentless focus on quality, performance, and customer support. Its programming systems are designed to handle complex security provisioning tasks, enabling customers to embed cryptographic keys, certificates, and other security elements directly into devices during production. This capability is particularly valuable in industries such as automotive and IoT, where secure communication and data integrity are paramount. Additionally, the company's solutions are known for their scalability and flexibility, allowing manufacturers to adapt to changing production requirements without compromising quality or efficiency.
Revenue Streams and Business Model
The company generates revenue primarily through the sale of its programming systems and value-added software solutions. These offerings are complemented by ongoing support and maintenance services, which help customers optimize their programming processes over time. By addressing both hardware and software needs, Data I/O creates a comprehensive ecosystem that supports its customers throughout the product lifecycle.
Commitment to Innovation
Data I/O's long-standing commitment to innovation is evident in its ability to adapt to emerging industry trends and technological advancements. The company's security provisioning solutions, for example, are designed to meet the growing demand for secure device programming in an increasingly interconnected world. By continuously enhancing its systems and software, Data I/O ensures that its customers can bring innovative new products to market with confidence.
Global Presence
Headquartered in the United States, Data I/O serves a diverse customer base across North America, Europe, and other regions. Its global reach enables the company to address the unique needs of manufacturers operating in different markets, while its localized support ensures a high level of customer satisfaction.
Conclusion
Data I/O Corporation stands as a key enabler in the electronics manufacturing industry, providing advanced programming and security solutions that empower manufacturers to produce high-quality, secure, and innovative products. With its deep expertise, robust product offerings, and unwavering commitment to customer success, the company continues to play a vital role in shaping the future of secure electronics production.
Data I/O (NASDAQ: DAIO) reported challenging fourth quarter 2024 results with net sales of $5.2 million, down 25% from Q4 2023. Full-year 2024 sales declined 22% to $21.8 million.
The company posted a Q4 net loss of ($1.2) million or ($0.13) per share, compared to net income of $144,000 in Q4 2023. Full-year 2024 resulted in a ($3.1) million net loss or ($0.34) per share. Q4 gross margin decreased to 52.2% from 58% year-over-year.
Under new CEO William Wentworth, appointed in October 2024, the company is implementing strategic initiatives including AI integration, redesigned field services, and cost reduction measures. Automotive electronics represented 59% of 2024 bookings. The company maintains a solid balance sheet with $10.3 million in cash and no debt as of December 31, 2024.
Data I/O (NASDAQ:DAIO) has scheduled a conference call to discuss its fourth quarter 2024 financial results on Thursday, February 27, 2025, at 2 p.m. Pacific Time/5 p.m. Eastern Time. The company, which specializes in security and data deployment solutions for microcontrollers, security ICs and memory devices, will release its financial results after market close on the same day.
Interested parties can access the call by dialing 412-317-5788. A replay will be available until March 13, 2025, via 412-317-0088 (access code: 2420039). The call will also be webcast live on the company's website and archived for later viewing.
Data I/O (NASDAQ: DAIO) has announced the appointment of Garrett Larson to its Board of Directors, effective January 23, 2025. Larson, currently a Senior Equity Analyst at Kanen Wealth Management, , brings extensive experience in capital markets and value creation. He has led sector verticals across consumer and technology groups for multi-billion dollar hedge funds, including Kynikos Associates and SPX Capital over the past eight years.
Larson's appointment is expected to contribute to Data I/O's initiatives in operational efficiency, M&A evaluation, and long-term growth strategies. He holds a Bachelor of Science in Finance from Florida State University. The company's President and CEO, William Wentworth, emphasized Larson's investor-focused experience as a valuable addition to the board.
Data I/O (NASDAQ: DAIO) announced organizational changes effective December 1, 2024, following the appointment of William Wentworth as CEO. The company hired Monty Reagan as Vice President of Sales & Marketing, a position vacant for over 10 years, and promoted Matt Hunter to Director of Quality, a newly created position. These changes aim to support growth strategies and market share expansion. The reorganization also includes the departures of Rajeev Gulati, VP and Chief Technology Officer, and Michael Tidwell, VP of Marketing and Corporate Business Development.
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.
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