Data I/O Reports First Quarter 2025 Results
Data I/O (NASDAQ: DAIO) reported its Q1 2025 financial results, showing sequential growth despite global trade challenges. Net sales reached $6.2 million, up 19% from Q4 2024 and slightly higher than Q1 2024. The company saw significant growth in Americas (32%) and Europe (44%), while Asia declined 40%.
The company reported a net loss of ($382,000) or ($0.04) per share, improving from ($1.2) million in Q4 2024. Gross margin was 51.6%, and operating expenses decreased by 11% to $3.6 million. Automotive electronics represented 66% of Q1 2025 bookings. New bookings were $4.6 million, with a backlog of $2.9 million.
The company maintains a strong financial position with $10.5 million in cash and over $16 million in net working capital, with no debt. Data I/O is implementing dual manufacturing capabilities in the US and China to manage tariff policies and is expanding its product lineup with new programmers including Lumen®X-M8 and FlashCORE III-M4.
Data I/O (NASDAQ: DAIO) ha riportato i risultati finanziari del primo trimestre 2025, evidenziando una crescita sequenziale nonostante le sfide legate al commercio globale. Le vendite nette hanno raggiunto i 6,2 milioni di dollari, in aumento del 19% rispetto al quarto trimestre 2024 e leggermente superiori al primo trimestre 2024. L'azienda ha registrato una crescita significativa nelle Americhe (32%) e in Europa (44%), mentre l'Asia ha subito un calo del 40%.
La società ha riportato una perdita netta di 382.000 dollari o 0,04 dollari per azione, migliorando rispetto alla perdita di 1,2 milioni di dollari nel quarto trimestre 2024. Il margine lordo è stato del 51,6% e le spese operative sono diminuite dell'11%, attestandosi a 3,6 milioni di dollari. L'elettronica per automotive ha rappresentato il 66% delle prenotazioni del primo trimestre 2025. Le nuove prenotazioni sono state di 4,6 milioni di dollari, con un backlog di 2,9 milioni di dollari.
L'azienda mantiene una solida posizione finanziaria con 10,5 milioni di dollari in liquidità e oltre 16 milioni di dollari di capitale circolante netto, senza debiti. Data I/O sta implementando capacità produttive duali negli Stati Uniti e in Cina per gestire le politiche tariffarie e sta ampliando la sua gamma di prodotti con nuovi programmatori, tra cui Lumen®X-M8 e FlashCORE III-M4.
Data I/O (NASDAQ: DAIO) informó sus resultados financieros del primer trimestre de 2025, mostrando un crecimiento secuencial a pesar de los desafíos en el comercio global. Las ventas netas alcanzaron los 6,2 millones de dólares, un aumento del 19% respecto al cuarto trimestre de 2024 y ligeramente superiores a las del primer trimestre de 2024. La compañía experimentó un crecimiento significativo en América (32%) y Europa (44%), mientras que Asia disminuyó un 40%.
La empresa reportó una pérdida neta de 382,000 dólares o 0,04 dólares por acción, mejorando desde una pérdida de 1,2 millones en el cuarto trimestre de 2024. El margen bruto fue del 51,6% y los gastos operativos se redujeron un 11%, hasta 3,6 millones de dólares. La electrónica automotriz representó el 66% de las reservas del primer trimestre de 2025. Las nuevas reservas fueron de 4,6 millones de dólares, con un pedido pendiente de 2,9 millones.
La compañía mantiene una sólida posición financiera con 10,5 millones de dólares en efectivo y más de 16 millones en capital de trabajo neto, sin deudas. Data I/O está implementando capacidades de fabricación dual en EE.UU. y China para gestionar las políticas arancelarias y está ampliando su línea de productos con nuevos programadores, incluyendo Lumen®X-M8 y FlashCORE III-M4.
Data I/O (NASDAQ: DAIO)는 2025년 1분기 재무 실적을 발표하며 글로벌 무역 환경의 어려움 속에서도 연속적인 성장을 보였습니다. 순매출은 620만 달러로 2024년 4분기 대비 19% 증가했으며, 2024년 1분기보다도 소폭 상승했습니다. 미주 지역은 32%, 유럽은 44%의 큰 성장을 기록한 반면 아시아는 40% 감소했습니다.
회사는 순손실 38만 2천 달러 또는 주당 0.04달러 손실을 보고했으며, 이는 2024년 4분기 120만 달러 손실에서 개선된 수치입니다. 총 이익률은 51.6%였으며, 영업비용은 11% 감소한 360만 달러였습니다. 자동차 전자 부문이 2025년 1분기 예약의 66%를 차지했습니다. 신규 예약은 460만 달러였고, 수주 잔고는 290만 달러였습니다.
회사는 1,050만 달러의 현금과 1,600만 달러 이상의 순운전자본을 보유하며 재무 상태가 견고합니다. Data I/O는 관세 정책 대응을 위해 미국과 중국에서 이중 제조 능력을 구축 중이며, Lumen®X-M8 및 FlashCORE III-M4를 포함한 신제품 프로그래머 라인업을 확장하고 있습니다.
Data I/O (NASDAQ : DAIO) a publié ses résultats financiers du premier trimestre 2025, montrant une croissance séquentielle malgré les défis du commerce mondial. Les ventes nettes ont atteint 6,2 millions de dollars, en hausse de 19 % par rapport au quatrième trimestre 2024 et légèrement supérieures à celles du premier trimestre 2024. L'entreprise a connu une croissance significative en Amériques (32 %) et en Europe (44 %), tandis que l'Asie a diminué de 40 %.
L'entreprise a enregistré une perte nette de 382 000 dollars ou 0,04 dollar par action, une amélioration par rapport à une perte de 1,2 million au quatrième trimestre 2024. La marge brute était de 51,6 %, et les frais d'exploitation ont diminué de 11 % pour atteindre 3,6 millions de dollars. L'électronique automobile représentait 66 % des commandes du premier trimestre 2025. Les nouvelles commandes se sont élevées à 4,6 millions de dollars, avec un carnet de commandes de 2,9 millions.
L'entreprise maintient une solide position financière avec 10,5 millions de dollars en liquidités et plus de 16 millions en fonds de roulement net, sans dette. Data I/O met en place des capacités de fabrication doubles aux États-Unis et en Chine pour gérer les politiques tarifaires et élargit sa gamme de produits avec de nouveaux programmateurs, notamment le Lumen®X-M8 et le FlashCORE III-M4.
Data I/O (NASDAQ: DAIO) meldete seine Finanzergebnisse für das erste Quartal 2025 und verzeichnete trotz globaler Handelsherausforderungen ein sequenzielles Wachstum. Der Netto-Umsatz erreichte 6,2 Millionen US-Dollar, ein Anstieg von 19 % gegenüber dem vierten Quartal 2024 und leicht höher als im ersten Quartal 2024. Das Unternehmen verzeichnete ein deutliches Wachstum in Amerika (32 %) und Europa (44 %), während Asien um 40 % zurückging.
Das Unternehmen meldete einen Nettogewinnverlust von 382.000 US-Dollar bzw. 0,04 US-Dollar pro Aktie, eine Verbesserung gegenüber 1,2 Millionen US-Dollar Verlust im vierten Quartal 2024. Die Bruttomarge lag bei 51,6 %, und die Betriebskosten sanken um 11 % auf 3,6 Millionen US-Dollar. Die Automobil-Elektronik machte 66 % der Buchungen im ersten Quartal 2025 aus. Neue Buchungen betrugen 4,6 Millionen US-Dollar, mit einem Auftragsbestand von 2,9 Millionen US-Dollar.
Das Unternehmen verfügt über eine starke finanzielle Position mit 10,5 Millionen US-Dollar in bar und über 16 Millionen US-Dollar Nettoumlaufvermögen, ohne Schulden. Data I/O implementiert duale Fertigungskapazitäten in den USA und China, um Zollpolitik zu steuern, und erweitert sein Produktportfolio mit neuen Programmiergeräten, darunter Lumen®X-M8 und FlashCORE III-M4.
- Sequential revenue growth of 19% to $6.2 million in Q1 2025
- Strong regional growth in Americas (32%) and Europe (44%)
- Operating expenses reduced by 11% to $3.6 million
- Improved net loss to ($382,000) from ($1.2) million in Q4 2024
- Strong balance sheet with $10.5 million cash and no debt
- Bookings increased 12% from Q4 2024
- Net loss of ($382,000) in Q1 2025
- Asia revenue declined 40% due to trade uncertainty
- Gross margin decreased to 51.6% from 52.8% year-over-year
- Backlog decreased by $0.6 million from December 2024
- Bookings declined from $8.1 million in Q1 2024 to $4.6 million in Q1 2025
Insights
Data I/O's Q1 shows sequential improvement but concerning bookings decline; cost-cutting success offset by potential future demand weakness.
Data I/O 's Q1 2025 results present a mixed financial picture with clear sequential improvements alongside concerning forward indicators. The company delivered
The balance sheet remains healthy with
However, forward-looking metrics raise concerns. Bookings of
The company's revenue concentration in automotive electronics increased to
Management cites global trade tensions and tariffs as key factors delaying customer purchase decisions. Their dual manufacturing strategy provides flexibility but may not fully insulate them from these macro pressures. The sequential operational improvements are encouraging, but the declining bookings trend suggests potential challenges for future quarters.
Progress Made in Key Operational Areas
Product Development Milestones Set
Delivered Sequential Growth Despite Global Trade Tensions
Redmond, Washington--(Newsfile Corp. - April 24, 2025) - Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the first quarter ended March 31, 2025.
Management Comments
Commenting on the quarter ended March 31, 2025, William Wentworth, President and CEO of Data I/O Corporation, said, "We are very pleased to report progress in key operational areas during the first quarter, despite a challenging global economic environment. The period represents a first step in proving out the growth and market expansion strategies we have been implementing over the past several months.
"We achieved strong first quarter results, reporting increases in revenue, operating income, EBITDA and cash balance as compared sequentially to the fourth quarter. At the same time, efficiency improvements and streamlining operations resulted in a lower cost basis for manufacturing and overhead. We have made significant progress within a short period of time against a backdrop of significant economic and cross-border trade uncertainty. We remain cautious given the near-term headwinds, as this has created additional strain on the economy and stalled capital investments. We remain focused on setting the business up for sustainable growth by driving innovation and enhancing our products. Our team is energized as we enter a new era for the company with an opportunity to further implement our growth strategies.
"Furthermore, we are encouraged to see customers increase the utilization of their existing systems which we believe will result in a greater need for engineering and maintenance services and heightened demand for consumable adapters, which represent our highest margin sources of revenue. Combined with continued efforts to expand our market reach, we expect to deliver top-line growth through end market diversification and enhanced consultative sales process along with improvement in the quality of our revenues.
"Global tariff and trade tensions, policy uncertainty and continued automotive sector redistribution impacted our results through the first quarter. While these factors impacted our overall quarterly performance, we were still able to achieve bookings growth of
"We have been bolstering the Data I/O brand throughout the markets we serve, including a revitalization of our activities with semiconductor firms and forging strategic product development relationships with leading firms serving the memory and microcontroller sectors. In March, we attended the embedded world trade show in Germany and participated in the IPC APEX trade show in the US where we hosted an unprecedented number of visitors. There was tremendous interest in the demonstration of our new Unified Programming Platform Strategy with a suite of refreshed manual programmers, the Lumen®X-M8 and the FlashCORE III-M4. This was the first step in our long-term product roadmap which we will reveal in the coming months. Other recent technology and service delivery innovations in the first quarter include the development of an AI-agent to significantly reduce engineering operations and improve time-to-market for customers.
"We continue to grow our pipeline of opportunities beyond the automotive sector and are increasingly confident in our ability to diversify and expand our end markets while improving our value proposition."
First Quarter 2025 Financial Results
Net sales in the first quarter 2025 were
New bookings activities were strong at the start but slowed at the end of the first quarter as customers delayed purchase decisions due to global trade and tariff concerns and related automotive electronics uncertainty. First quarter 2025 bookings were
Gross margin as a percentage of sales was
Operating expenses for the first quarter 2025 were
Net loss in the first quarter 2025 was (
Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), which excludes equity compensation, was (
The Company's balance sheet and liquidity remained solid with cash at the end of the first quarter 2025 at
Conference Call Information
A conference call discussing financial results for the first quarter ended March 31, 2025 will follow this release today at 2 p.m. Pacific Time/5 p.m. Eastern Time. To listen to the conference call, please dial 412-317-5788. A replay will be made available approximately one hour after the conclusion of the call. To access the replay, please dial 412-317-0088, access code 5606603. The conference call will also be simultaneously webcast over the Internet; visit the Webcasts and Presentations section of the Data I/O Corporation website at www.dataio.com to access the call from the site. This webcast will be recorded and available for replay on the Data I/O Corporation website approximately one hour after the conclusion of the conference call.
About Data I/O Corporation
Since 1972, Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, Internet-of-Things, medical, wireless, consumer electronics, industrial controls and other electronics devices. Today, our customers use Data I/O's data provisioning solutions to manage device intellectual property from point of inception to deployment in the field. OEMs of any size can program and securely provision devices from early samples all the way to high volume production prior to shipping semiconductor devices to a manufacturing line. Data I/O enables customers to reliably, securely, and cost-effectively bring innovative new products to life. These solutions are backed by a portfolio of patents and a global network of Data I/O support and service professionals, ensuring success for our customers. Learn more at dataio.com/Company/Patents.
Learn more at dataio.com
Forward Looking Statement and Non-GAAP financial measures
Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, expected expenses, orders, deliveries, backlog and financial positions, semiconductor chip shortages, supply chain expectations, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements.
Forward-looking statement disclaimers also apply to the demand for the Company's products and the impact from geopolitical conditions including any related international trade restrictions. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, shipping availability, installations and acceptance, accrual of expenses, coronavirus related business interruptions, changes in economic conditions, part shortages and other risks including those described in the Company's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.
Non-GAAP financial measures, such as EBITDA and Adjusted EBITDA, excluding equity compensation, should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding the Company's results and facilitate the comparison of results.
Contact:
Darrow Associates, Inc.
Jordan Darrow
(512) 551-9296
jdarrow@darrowir.com
- tables follow -
DATA I/O CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(UNAUDITED)
| Three Months Ended March 31, | ||||||
| 2025 | 2024 | |||||
| Net Sales | $ | 6,176 | $ | 6,099 | ||
| Cost of goods sold | 2,988 | 2,879 | ||||
| Gross margin | 3,188 | 3,220 | ||||
| Operating expenses: | ||||||
| Research and development | 1,515 | 1,582 | ||||
| Selling, general and administrative | 2,050 | 2,498 | ||||
| Total operating expenses | 3,565 | 4,080 | ||||
| Operating income (loss) | (377 | ) | (860 | ) | ||
| Non-operating income (loss): | ||||||
| Interest income | 38 | 80 | ||||
| Foreign currency transaction gain (loss) | (22 | ) | 14 | |||
| Total non-operating income (loss) | 16 | 94 | ||||
| Income (loss) before income taxes | (361 | ) | (766 | ) | ||
| Income tax (expense) benefit | (21 | ) | (41 | ) | ||
| Net income (loss) | ( | ) | ( | ) | ||
| Basic earnings (loss) per share | ( | ) | ( | ) | ||
| Diluted earnings (loss) per share | ( | ) | ( | ) | ||
| Weighted-average basic shares | 9,238 | 9,023 | ||||
| Weighted-average diluted shares | 9,238 | 9,023 | ||||
DATA I/O CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
(UNAUDITED)
| March 31, 2025 | December 31, 2024 | |||||
| ASSETS | ||||||
| CURRENT ASSETS: | ||||||
| Cash and cash equivalents | $ | 10,485 | $ | 10,326 | ||
| Trade accounts receivable, net of allowance for credit losses accounts of | 3,865 | 3,960 | ||||
| Inventories | 5,820 | 6,212 | ||||
| Other current assets | 845 | 659 | ||||
| TOTAL CURRENT ASSETS | 21,015 | 21,157 | ||||
| Property, plant and equipment - net | 921 | 1,001 | ||||
| Other assets | 2,577 | 2,812 | ||||
| TOTAL ASSETS | $ | 24,513 | $ | 24,970 | ||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
| CURRENT LIABILITIES: | ||||||
| Accounts payable | $ | 1,342 | $ | 820 | ||
| Accrued compensation | 955 | 1,517 | ||||
| Deferred revenue | 1,460 | 1,535 | ||||
| Other accrued liabilities | 1,205 | 1,161 | ||||
| Income taxes payable | 39 | 39 | ||||
| TOTAL CURRENT LIABILITIES | 5,001 | 5,072 | ||||
| Operating lease liabilities | 1,906 | 2,160 | ||||
| Long-term other payables | 59 | 112 | ||||
| STOCKHOLDERS' EQUITY | ||||||
| Preferred stock - | ||||||
| Authorized, 5,000,000 shares, including | ||||||
| 200,000 shares of Series A Junior Participating | ||||||
| Issued and outstanding, none | - | - | ||||
| Common stock, at stated value - | ||||||
| Authorized, 30,000,000 shares | ||||||
| Issued and outstanding, 9,239,731 shares as of March 31, | ||||||
| 2025 and 9,236,040 shares as of December 31, 2024 | 23,652 | 23,475 | ||||
| Accumulated earnings (deficit) | (6,120 | ) | (5,738 | ) | ||
| Accumulated other comprehensive income | 15 | (111 | ) | |||
| TOTAL STOCKHOLDERS' EQUITY | 17,547 | 17,626 | ||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 24,513 | $ | 24,970 |
DATA I/O CORPORATION
NON-GAAP FINANCIAL MEASURE RECONCILIATION
| Three Months Ended March 31, | ||||||
| 2025 | 2024 | |||||
| (in thousands) | ||||||
| Net Income (loss) | ( | ) | ( | ) | ||
| Interest (income) | (38 | ) | (80 | ) | ||
| Taxes | 21 | 41 | ||||
| Depreciation and amortization | 127 | 201 | ||||
| EBITDA earnings | ( | ) | ( | ) | ||
| Equity compensation | 174 | 281 | ||||
| Adjusted EBITDA, excluding equity compensation | ( | ) | ( | ) | ||
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249689
FAQ
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