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 reports developments in data programming and security provisioning solutions for microcontrollers, security ICs, flash memory and other memory devices used in electronics manufacturing. Recurring updates cover financial results, bookings trends, cost actions, product-roadmap activity and demand from markets such as automotive electronics, IoT, medical, wireless, consumer electronics and industrial controls.
Company news also centers on the LumenX and LumenX2 programming platforms, PSV automated programming systems, manual programmers, on-site Programming-as-a-Service offerings and support tools for device programming and provisioning. Announcements frequently address technology collaborations, device-support libraries, manufacturing workflow integration, patents, service expansion and operational matters affecting global production support.
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Data I/O Corporation (NASDAQ: DAIO) has scheduled a conference call for April 27, 2023, at 2 p.m. PT to discuss its financial results for Q1 2023, ending March 31. The company will release earnings after market close on the same day. Interested parties can join the call by dialing 412-317-5788, and a replay will be available until May 11, 2023. Additionally, the conference call will be webcast on the Data I/O website. Founded in 1972, Data I/O offers advanced data and security deployment solutions for various electronic devices, enhancing the global electronics supply chain. The company emphasizes innovative technology to secure and program electronic devices from initial design to deployment, catering to industries such as automotive, IoT, and consumer electronics.
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.