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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 Corporation (NASDAQ: DAIO) announced participation in the Electric Vehicle & Auto Tech Virtual Conference on March 30, 2023. CEO Anthony Ambrose will present and conduct 1:1 meetings with institutional investors. The company anticipates growth due to the rise in electric vehicle adoption and new technological advancements. Recent podcasts featuring Ambrose discuss the company’s progress in automotive technology and secure embedded programming designs. Data I/O has developed solutions for automotive, IoT, and other sectors since 1972, focusing on security in the electronics supply chain.
Data I/O Corporation (NASDAQ: DAIO) announces a partnership with Nuvoton Technology Corporation Japan to support the M2354 Series IoT Security Microcontroller using the SentriX security deployment platform. This collaboration aims to simplify IoT device security deployment for OEMs by providing pre-configured security profiles via the SentriX Product Creator tool. The M2354 Series features high-security capabilities, essential for demanding IoT solutions. The pre-defined use cases will be available globally through service providers by Q3 2023, enhancing the ease of integrating security for OEMs in various applications.
Data I/O Corporation (NASDAQ: DAIO) released its financial results for the fourth quarter of 2022, reporting net sales of $7.3 million, up 14% year-over-year. Bookings reached $6.8 million, the highest for a fourth quarter since 2019, with a backlog of $4.8 million. The company achieved a gross margin of 55.5% and net income of $510,000, or $0.06 per diluted share. For the full year, 2022 net sales totaled $24.2 million, a decrease of 6% from 2021. The company highlighted strong performance in automotive electronics, with 61% of bookings for the year, and expects double-digit bookings growth in 2023.
Data I/O Corporation (NASDAQ: DAIO) has expanded its services in Japan through its exclusive sales partner, Noa Leading Co., Ltd. The partnership introduces the SentriX Deployment Platform, which enables OEMs to implement security provisioning for IoT devices. This capability addresses the growing demand for secure products in the IoT market, allowing manufacturers to define security profiles at the chip level before production. The service is effective immediately and enhances Noa Leading's established programming services, leveraging their existing infrastructure to deliver scalable and cost-effective solutions to OEMs of all sizes.
Data I/O Corporation (NASDAQ: DAIO) has announced a conference call to discuss its financial results for Q4 2022, scheduled for February 23, 2023, at 2 p.m. PT. The company will release its financial results after market close on the same day. Investors can join the call by dialing 412-317-5788 or accessing a webcast on the Data I/O website. A replay will be available until March 9, 2023. The company has a longstanding reputation for innovative solutions in the electronics sector, aiding in the secure deployment of devices across various industries while navigating challenges like supply chain disruptions.
Data I/O Corporation (NASDAQ: DAIO) has announced significant enhancements to its LumenX programming platform and ConneX Service software aimed at improving production efficiency for automotive grade Universal Flash Memory (UFS) devices. The introduction of VerifyBoost enables rapid verify performance up to 750 MBps, achieving a 4.5x performance increase and reducing total programming costs by up to 39%. The ConneX Service facilitates integration with Manufacturing Execution Systems (MES), enhancing factory efficiency and traceability. These innovations will be showcased at the IPC APEX Expo from January 24-26 in San Diego, California.
Data I/O Corporation (NASDAQ: DAIO) celebrates its 50th anniversary with an interview series featuring President and CEO Anthony Ambrose. The final installment highlights the company's innovations and future opportunities in data programming and security solutions. Ambrose discusses achievements like over 430 PSV automated programming systems sold, the SentriX® security platform, and the transition to recurring revenue, aiming for 50% in 3-5 years. Industry trends forecast increased demand for automotive semiconductors, enhancing growth prospects for Data I/O.
Data I/O Corporation (NASDAQ: DAIO) announced its participation in two upcoming investor conferences in December 2022. Anthony Ambrose, President and CEO, will present at these events:
- December 7: Ladenburg Thalmann Virtual Technology Expo 2022
- December 8: Singular Research’s Best of the Uncovered Conference in San Francisco
Investors can access the presentations via the respective conference platforms, with a live webinar option available for the Singular conference. For more details, visit Data I/O's website.
Data I/O Corporation (NASDAQ: DAIO) reported strong financial results for Q3 2022, with net sales of $7.2 million, up 7% year-over-year. Bookings reached $7.1 million, the highest for this quarter in five years. Gross margin was 57%, and net income was $847,000 or $0.10 per share. The company also had a backlog of $4.9 million, the highest in a decade. Key developments include the launch of VerifyBoost technology, which enhances programming speed for automotive applications. Cash reserves stood at $11 million with no debt, indicating solid financial health.
Data I/O Corporation (NASDAQ: DAIO) announces a major enhancement to its LumenX platform for automotive-grade UFS devices, introducing VerifyBoost technology. This advancement achieves up to 4.5x improvement in programming speed and reduces programming costs by 39%. The platform supports speeds up to 750 MBps, addressing the forecasted tripling demand for automotive semiconductors over the next eight years. Existing customers can upgrade their systems, maximizing current investments without needing new equipment.
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