Data I.O. Stock Price, News & Analysis

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.

Data I/O Corporation (NASDAQ: DAIO) has appointed Edward Smith to its Board of Directors, effective February 23, 2022. Smith, currently CEO of SMTC Corporation, brings over 25 years of experience in the Electronics Manufacturing Services industry. His prior roles include leadership at Avnet Inc., where he significantly increased revenue. With this addition, Data I/O's Board expands to six members, enhancing its market and governance capabilities. Smith aims to leverage his experience to drive growth and strengthen Data I/O's market presence.

Data I/O Corporation (NASDAQ: DAIO) reported a strong financial performance for the fourth quarter and full year 2021. Net sales increased by 29% to $6.4 million in Q4, with a full year revenue growth of 27% to $25.8 million. The company achieved a gross margin of 54.4% in Q4 and 57.0% for the year. Despite a net loss of ($205,000) in Q4 and ($555,000) for the year, adjusted EBITDA improved to $117,000 in Q4 and $1.5 million for 2021. The solid demand in automotive electronics and a growing installed base of PSV systems were key drivers of growth.

Data I/O Corporation (NASDAQ: DAIO) has scheduled a conference call to discuss its financial results for the fourth quarter ending December 31, 2021, on February 24, 2022, at 2 p.m. PT. The results will be released after the market closes that day. Investors can join the call by dialing 412-317-5788, and a recorded replay will be available until March 10, 2022. This call will also be webcast live and accessible via the company's website, where it can be replayed shortly after.

Data I/O provides advanced solutions for deploying data and security for electronic devices.

Data I/O Corporation (NASDAQ: DAIO) has appointed Dr. Cheemin Bo-Linn to its Board of Directors. Dr. Bo-Linn, CEO of Peritus Partners, brings extensive experience in automotive, electronics, and security sectors. She has been recognized as a leading figure in technology and corporate governance, having served on multiple public boards. The company anticipates that her expertise will enhance its leadership, particularly in automotive and IoT security markets. This strategic addition aims to bolster Data I/O’s position as a leader in data programming and security provisioning.

Data I/O Corporation (NASDAQ: DAIO) announced its participation in the DA Davidson Semicap, Laser and Optical Conference on December 15, 2021. The company's management will conduct virtual 1:1 meetings throughout the event. Presentation materials will be available on the company's Investor Relations website on the morning of the conference. Interested investors can contact their DA Davidson representatives or Jordan Darrow of Darrow Associates for inquiries. Data I/O has been providing advanced security and data deployment solutions for electronic devices since 1972.

Data I/O Corporation (NASDAQ: DAIO) announced it received the 2021 Global Technology Award for its SentriX Product Creator™ tool suite, enhancing security deployment for IoT and automotive markets. Recognized during the productronica trade show in Munich on November 16, 2021, this award underscores the company’s innovation in simplifying security for OEMs. The SentriX Product Creator provides pre-configured security profiles, streamlining device security management for mass production and lowering complexity for manufacturers.

Data I/O Corporation (NASDAQ: DAIO) reported a 13% increase in third-quarter 2021 revenues, reaching $6.7 million, driven by automotive electronics demand. Despite a quarterly booking decrease to $5.0 million, year-to-date bookings rose 30% to $19.2 million. Gross margin improved to 60.7%, with adjusted EBITDA at $564,000. The net income was $12,000, a recovery from a $707,000 loss the previous year. Cash reserves rose to $14.2 million, and the backlog was $3.3 million. Management expressed optimism about long-term growth in automotive electronics.

Data I/O Corporation (NASDAQ: DAIO) has scheduled a conference call for October 28, 2021, to discuss its financial results for the third quarter ending September 30, 2021. The call will take place at 2 p.m. PT / 5 p.m. ET, following the release of financial results after market closure. Interested parties can join by calling 412-317-5788 or accessing the webcast on the company's website. Data I/O, established in 1972, is a leader in providing advanced data and security solutions for microcontrollers and memory devices.