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 described in its public communications as a leading global provider of data programming, security provisioning, and advanced security and data deployment solutions for microcontrollers, security ICs, flash memory and other memory devices. This news page aggregates coverage related to Data I/O’s technology roadmap, Unified Programming Platform strategy, financial results and corporate developments.
Company news frequently focuses on product and platform announcements, such as the introduction of the next-generation LumenX2 programming platform, the LumenX2-M4 manual programmer, refreshed LumenX-M8 and FlashCORE III-M4 manual programmers, and PSV automated programming systems. Releases also highlight industry recognition, including technology awards for programming platforms referenced by the company.
Investors and industry followers can use this feed to review earnings and financial updates that the company announces via press releases and related Form 8-K filings, where Data I/O discusses bookings trends, revenue mix between capital equipment and consumable adapters and services, and commentary on demand in segments such as automotive electronics and high-density flash memory applications.
News items also cover strategic and operational developments, including the Unified Programming Platform Strategy, cybersecurity incident updates, and executive appointments such as the naming of a Chief Financial Officer. Together, these updates provide context on how Data I/O positions its programming and security deployment solutions across global electronics supply chains. For ongoing insight into DAIO, readers can return to this page to review the sequence of official announcements and third-party news about the company.
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.
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.