Welcome to our dedicated page for Data I.O. news (Ticker: DAIO), a resource for investors and traders seeking the latest updates and insights on Data I.O. stock.
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 Corporation (NASDAQ: DAIO) reported second quarter 2022 financial results, highlighting net sales of $4.8 million and record backlog of $5.8 million, with bookings at $6.4 million.
The gross margin stood at 57.8%, while net loss was ($657,000), or ($0.08) per share. Cash reserves were $10.3 million, reflecting a decline due to increased receivables and inventory.
Automotive electronics made up 55% of bookings. Management expressed optimism over resuming operations in China and a strong sales pipeline despite challenges in EMEA.
Data I/O Corporation (NASDAQ: DAIO) announced a conference call to discuss its financial results for Q2 2022, scheduled for July 28, 2022, at 2 p.m. PT/5 p.m. ET. The financial results will be released after market close on the same day. Investors can access the call by dialing 412-317-5788 or via webcast on the company’s website. The company specializes in data programming and security solutions for various electronic devices, aiming to bolster the global electronics supply chain.
Data I/O Corporation (NASDAQ: DAIO) announces an insightful interview with CEO Anthony Ambrose, focusing on semiconductor growth in the automotive sector. With a robust CAGR of 12-15% for semiconductor content in vehicles, the company highlights growth drivers such as electrification, secure programming, and autonomous driving technologies. The discussion also touches on the favorable global semiconductor supply chain dynamics as consumer electronics demand wanes. This conversation is part of a fireside chat series leading up to Data I/O's 50th anniversary.
Data I/O Corporation (NASDAQ: DAIO) announced a series of monthly interviews with CEO Anthony Ambrose, starting from June 15, 2022, celebrating the company's upcoming 50th anniversary. The interviews will cover vital topics like semiconductor trends and supply chain management, streamed online for public access. The series features notable guest hosts from prominent financial firms. These discussions aim to enhance transparency and investor engagement while sharing insights on Data I/O's innovative technologies and market positioning in the electronics sector.
Data I/O Corporation (NASDAQ: DAIO) announced its participation in the LD Micro Invitational XII Conference from June 7-9, 2022, at the Four Seasons Hotel in Los Angeles, CA. Management will present on June 8 at 11:30 am PT and hold 1:1 investor meetings. Key discussion topics include data programming technology growth, particularly in the automotive sector, effective supply chain strategies, and updates on its Shanghai manufacturing. Presentation materials will be available on the Company’s website on the morning of June 8.
Data I/O Corporation (NASDAQ: DAIO) reported Q1 2022 financial results, with net sales of $5.0 million, down 17% year-over-year. Bookings remained strong at $6.2 million, matching the previous quarter. The backlog increased to $4.1 million. The company's gross margin dropped to 46.4% due to lower sales volume, resulting in a net loss of $1.8 million ($0.21 per share). Key challenges included delays in shipments worth approximately $1 million caused by COVID-19 restrictions in China and the impact of the Russia-Ukraine conflict. The cash position stood at $12.3 million with no debt.
Data I/O Corporation has partnered with NXP Semiconductors and Avnet Silica to support the LPC55S6x series microcontroller using its SentriX security deployment platform. This collaboration allows OEMs to enhance IoT security for mass-market edge devices, facilitating simpler deployment and reducing costs. SentriX Product Creator provides easy-to-use security profiles, streamlining the production process for OEMs. The SentriX platform aims to improve security for software, services, and intellectual property, ultimately supporting new business models in IoT applications.
Data I/O Corporation (NASDAQ: DAIO) has scheduled a conference call for April 28, 2022, at 2 p.m. PT to discuss its financial results for Q1 ended March 31, 2022. The financial results will be released after market close on the same day. Investors can listen to the call by dialing 412-317-5788 or access the webcast via the Data I/O website. The call will be available for replay until May 12, 2022. The company specializes in advanced data and security deployment solutions for various electronic devices, with a commitment to supporting its customers through innovative solutions and a global network of professionals.
Data I/O Corporation (NASDAQ: DAIO) reports operational challenges due to COVID-19 outbreaks in China and the invasion of Ukraine. The Shanghai facility will be closed from March 29 to April 5, causing $1 million in revenue shipments to be delayed until Q2. Remote work protocols are in place, but employee absences are impacting operations. The company has no operations in Ukraine or Russia and remains compliant with trade regulations. Financial results for Q1 2022 will be announced on April 28, 2022.
Data I/O Corporation (NASDAQ: DAIO) has announced its participation in the Maxim Group Virtual Growth Conference scheduled for March 28-30, 2022. This event will allow clients and registered attendees to access the presentation through a designated link. Presentation materials will be available on the Company's Investor Relations website on the morning of the conference. Interested investors can contact their Maxim representative or Jordan Darrow from Darrow Associates for meetings. Data I/O specializes in advanced security and data deployment solutions for microcontrollers and other electronic devices.
FAQ
What is the current stock price of Data I.O. (DAIO)?
What is the market cap of Data I.O. (DAIO)?
What does Data I/O Corporation specialize in?
Which industries does Data I/O serve?
How does Data I/O generate revenue?
What makes Data I/O's solutions unique?
Where is Data I/O headquartered?
What is security provisioning in electronics manufacturing?
How does Data I/O address quality and traceability requirements?
What role does Data I/O play in the IoT industry?
