Data I/O Reports Second Quarter 2025 Results
Data I/O Corporation (NASDAQ: DAIO), a provider of security and data deployment solutions, reported its Q2 2025 financial results. The company achieved net sales of $5.9 million, up from $5.1 million in Q2 2024, with a net loss of ($742,000) or ($0.08) per share.
Key highlights include securing a significant order worth $1.4 million for 10 PSV automated programming systems from a major Chinese EV manufacturing supplier, demonstrating success with UFS 4.0 technology support. The automotive electronics segment represented 66% of Q2 2025 bookings, while consumable adapters and services accounted for 50% of total revenue.
The company maintained a strong financial position with $10.0 million in cash and no debt, though experiencing reduced gross margins of 49.8% compared to 54.5% in the prior year period.
Data I/O Corporation (NASDAQ: DAIO), fornitore di soluzioni per la sicurezza e la distribuzione dei dati, ha comunicato i risultati finanziari del secondo trimestre 2025. L'azienda ha registrato vendite nette per 5,9 milioni di dollari, in aumento rispetto ai 5,1 milioni del secondo trimestre 2024, con una perdita netta di 742.000 dollari o 0,08 dollari per azione.
I punti salienti includono l'acquisizione di un ordine importante del valore di 1,4 milioni di dollari per 10 sistemi di programmazione automatica PSV da un grande fornitore cinese di veicoli elettrici, dimostrando il successo nel supporto della tecnologia UFS 4.0. Il segmento dell'elettronica automobilistica ha rappresentato il 66% delle prenotazioni del secondo trimestre 2025, mentre gli adattatori consumabili e i servizi hanno contribuito al 50% del fatturato totale.
L'azienda ha mantenuto una solida posizione finanziaria con 10 milioni di dollari in contanti e nessun debito, nonostante un calo del margine lordo al 49,8% rispetto al 54,5% dello stesso periodo dell'anno precedente.
Data I/O Corporation (NASDAQ: DAIO), proveedor de soluciones de seguridad y despliegue de datos, inform贸 sus resultados financieros del segundo trimestre de 2025. La compa帽铆a alcanz贸 ventas netas de 5,9 millones de d贸lares, frente a los 5,1 millones del segundo trimestre de 2024, con una p茅rdida neta de 742.000 d贸lares o 0,08 d贸lares por acci贸n.
Los aspectos destacados incluyen la obtenci贸n de un pedido significativo por valor de 1,4 millones de d贸lares para 10 sistemas autom谩ticos de programaci贸n PSV de un importante proveedor chino de veh铆culos el茅ctricos, demostrando 茅xito con el soporte de la tecnolog铆a UFS 4.0. El segmento de electr贸nica automotriz represent贸 el 66% de las reservas del segundo trimestre de 2025, mientras que los adaptadores consumibles y servicios representaron el 50% de los ingresos totales.
La empresa mantuvo una s贸lida posici贸n financiera con 10 millones de d贸lares en efectivo y sin deuda, aunque experiment贸 una reducci贸n en los m谩rgenes brutos al 49,8% comparado con el 54,5% del mismo periodo del a帽o anterior.
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Data I/O Corporation (NASDAQ : DAIO), fournisseur de solutions de s茅curit茅 et de d茅ploiement de donn茅es, a annonc茅 ses r茅sultats financiers du deuxi猫me trimestre 2025. La soci茅t茅 a r茅alis茅 des ventes nettes de 5,9 millions de dollars, en hausse par rapport 脿 5,1 millions de dollars au deuxi猫me trimestre 2024, avec une perte nette de 742 000 dollars, soit 0,08 dollar par action.
Les points cl茅s incluent la s茅curisation d'une commande importante de 1,4 million de dollars pour 10 syst猫mes de programmation automatis茅s PSV aupr猫s d'un grand fournisseur chinois de v茅hicules 茅lectriques, d茅montrant le succ猫s du support de la technologie UFS 4.0. Le segment de l'茅lectronique automobile repr茅sentait 66 % des commandes du deuxi猫me trimestre 2025, tandis que les adaptateurs consommables et les services repr茅sentaient 50 % du chiffre d'affaires total.
L'entreprise a maintenu une position financi猫re solide avec 10 millions de dollars en liquidit茅s et aucune dette, bien qu'elle ait connu une r茅duction des marges brutes 脿 49,8 % contre 54,5 % sur la m锚me p茅riode l'ann茅e pr茅c茅dente.
Data I/O Corporation (NASDAQ: DAIO), Anbieter von Sicherheits- und Datenbereitstellungsl枚sungen, meldete seine Finanzergebnisse f眉r das zweite Quartal 2025. Das Unternehmen erzielte Nettoverk盲ufe von 5,9 Millionen US-Dollar, gegen眉ber 5,1 Millionen US-Dollar im zweiten Quartal 2024, mit einem Nettoverlust von 742.000 US-Dollar bzw. 0,08 US-Dollar pro Aktie.
Zu den wichtigsten Highlights z盲hlt ein erheblicher Auftrag im Wert von 1,4 Millionen US-Dollar f眉r 10 PSV automatisierte Programmier-Systeme von einem gro脽en chinesischen Lieferanten f眉r Elektrofahrzeuge, was den Erfolg der Unterst眉tzung der UFS 4.0-Technologie zeigt. Der Automobil-Elektronik-Sektor machte 66 % der Buchungen im zweiten Quartal 2025 aus, w盲hrend Verbrauchsmaterialadapter und Dienstleistungen 50 % des Gesamtumsatzes beitrugen.
Das Unternehmen behielt eine starke Finanzlage mit 10 Millionen US-Dollar in bar und keiner Verschuldung bei, verzeichnete jedoch eine verringerte Bruttomarge von 49,8 % im Vergleich zu 54,5 % im Vorjahreszeitraum.
- Secured major $1.4 million order for 10 PSV systems from leading Chinese EV supplier
- Second consecutive quarter of sequential bookings growth
- Strong cash position of $10.0 million with no debt
- Automotive electronics segment grew to 66% of bookings from 59% in 2024
- 50% of revenue from stable recurring consumable adapters and services
- Net loss increased to ($742,000) from ($382,000) in Q1 2025
- Gross margin declined to 49.8% from 54.5% year-over-year
- Operating expenses increased to $3.8M from $3.3M year-over-year
- Net sales decreased to $5.9M from $6.2M in Q1 2025
- Backlog decreased to $2.8M from $3.0M in Q1 2025
Insights
Data I/O reports mixed Q2 results with sequential bookings growth but continued losses amid strategic investments in core programming platform.
Data I/O's Q2 2025 results reveal a company in transition with mixed financial performance. Revenue of
The standout positive is the significant order from a Chinese EV manufacturing supplier for 10 PSV automated programming systems valued at over
However, financial challenges persist with a net loss of
Operating expenses increased to
The balance sheet remains stable with
Data I/O's strategy focuses on innovation in high-density memory technologies, particularly UFS, positioning for anticipated growth in AI applications. While current performance shows ongoing challenges, the combination of sequential bookings growth, technical differentiation, and the major order win suggests the company's technological investments may be gaining market traction.
Delivered Second Consecutive Quarter of Sequential Bookings Growth
Preparing to Scale Through Revenue Growth & Market Expansion
Redmond, Washington--(Newsfile Corp. - July 24, 2025) - Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June 30, 2025.
Management Comments
Commenting on the quarter ended June 30, 2025, William Wentworth, President and CEO of Data I/O Corporation, said, "For the second consecutive quarter we delivered increased bookings as compared to the first quarter 2025 and fourth quarter 2024. As a testament to our renewed focus on our core programming platform, we received a significant automated programming system order late in the second quarter from a leading global automotive EV supplier. Data I/O's PSV automated programming systems with Lumen®X programming platform was selected after a complex evaluation, including rigorous performance analysis of the new Universal Flash Storage (UFS) 4.0 support. We received an order for 10 systems valued at over
"This order reflects the importance of our continued R&D investments to meet the needs of the growing market for high-density flash applications. Overall, programming requirements for semiconductor technologies are becoming increasingly complex due to growing densities in flash memory and microcontrollers. We believe these complexities create opportunities for Data I/O to differentiate our technology from alternative solutions.
"While we look forward to formally announcing our long-term product roadmap later this year, we are on a rapid pace of innovation. In the first quarter of this year, we introduced our new Unified Programming Platform Strategy with a suite of refreshed manual programmers: the Lumen®X-M8 and the FlashCORE III-M4. In the second quarter, we received our first order for UFS 4.0 support, marking a critical technology milestone for the Company.
"UFS memory is the highest growth market in silicon for flash memory with a CAGR expected to be
Second Quarter 2025 Financial Results
Net sales in the second quarter 2025 were
New bookings activities picked up in the latter half of the second quarter as customers had been delaying purchase decisions amid ongoing global trade and tariff concerns. Second quarter 2025 bookings were
Gross margin as a percentage of sales was
Operating expenses for the second quarter 2025 were
Net loss in the second quarter 2025 was (
The Company's balance sheet and liquidity remained solid with cash at the end of the second quarter 2025 at
Conference Call Information
A conference call discussing financial results for the second quarter ended June 30, 2025 will follow this release today at 2 p.m. Pacific Time/5 p.m. Eastern Time. To listen to the conference call, please dial 412-317-5788. A replay will be made available approximately one hour after the conclusion of the call. To access the replay, please dial 412-317-0088, access code 6991166. The conference call will also be simultaneously webcast over the Internet; visit the Webcasts and Presentations section of the Data I/O Corporation website at to access the call from the site. This webcast will be recorded and available for replay on the Data I/O Corporation website approximately one hour after the conclusion of the conference call.
About Data I/O Corporation
Since 1972, Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, Internet-of-Things, medical, wireless, consumer electronics, industrial controls and other electronics devices. Today, our customers use Data I/O's data provisioning solutions to manage device intellectual property from point of inception to deployment in the field. OEMs of any size can program and securely provision devices from early samples all the way to high volume production prior to shipping semiconductor devices to a manufacturing line. Data I/O enables customers to reliably, securely, and cost-effectively bring innovative new products to life. These solutions are backed by a portfolio of patents and a global network of Data I/O support and service professionals, ensuring success for our customers. Learn more at .
Learn more at .
Forward-Looking Statement and Non-GAAP Financial Measures
Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, expected expenses, orders, deliveries, backlog and financial positions, semiconductor chip shortages, supply chain expectations, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements.
Forward-looking statement disclaimers also apply to the demand for the Company's products and the impact from geopolitical conditions including any related international trade restrictions. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, shipping availability, installations and acceptance, accrual of expenses, coronavirus related business interruptions, changes in economic conditions, part shortages and other risks including those described in the Company's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.
Non-GAAP financial measures, such as EBITDA and Adjusted EBITDA, excluding equity compensation, and other one-time investments/expenses should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding the Company's results and facilitate the comparison of results.
*References in this press release are made to non-GAAP (Generally Accepted Accounting Principles) financial measures, including profitability and operating/net income excluding one-time items, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), Adjusted EBITDA (AEBITDA), which excludes equity compensation, and AEBITDA excluding one-time items. These measures are provided as a supplement to GAAP results and offer additional insights into the Company's results and facilitate the comparison of results. Reconciliations are provided in the tables of this press release.
Contact:
Darrow Associates, Inc.
Jordan Darrow
(512) 551-9296
[email protected]
- tables follow -
DATA I/O CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(UNAUDITED)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Net sales | $ | 5,948 | $ | 5,062 | $ | 12,124 | $ | 11,161 | ||||
| Cost of goods sold | 2,988 | 2,305 | 5,976 | 5,184 | ||||||||
| Gross margin | 2,960 | 2,757 | 6,148 | 5,977 | ||||||||
| Operating expenses: | ||||||||||||
| Research and development | 1,662 | 1,413 | 3,177 | 2,995 | ||||||||
| Selling, general and administrative | 2,142 | 1,910 | 4,192 | 4,408 | ||||||||
| Total operating expenses | 3,804 | 3,323 | 7,369 | 7,403 | ||||||||
| Operating income (loss) | (844) | (566) | (1,221) | (1,426) | ||||||||
| Non-operating income (loss): | ||||||||||||
| Interest income | 35 | 73 | 73 | 153 | ||||||||
| Foreign currency transaction gain (loss) | 47 | 49 | 26 | 62 | ||||||||
| Total non-operating income (loss) | 82 | 122 | 99 | 215 | ||||||||
| Income (loss) before income taxes | (762) | (444) | (1,122) | (1,211) | ||||||||
| Income tax (expense) benefit | 20 | (353) | (2) | (393) | ||||||||
| Net income (loss) | ( | ( | ( | ( | ||||||||
| Basic earnings (loss) per share | ( | ( | ( | ( | ||||||||
| Diluted earnings (loss) per share | ( | ( | ( | ( | ||||||||
| Weighted-average basic shares | 9,296 | 9,104 | 9,267 | 9,063 | ||||||||
| Weighted-average diluted shares | 9,296 | 9,104 | 9,267 | 9,063 | ||||||||
DATA I/O CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
(UNAUDITED)
| June 30, 2025 | December 31, 2024 | |||||
| ASSETS | ||||||
| CURRENT ASSETS: | ||||||
| Cash and cash equivalents | $ | 9,969 | $ | 10,326 | ||
| Trade accounts receivable, net of allowance for | ||||||
| credit losses of | 3,905 | 3,960 | ||||
| Inventories | 5,972 | 6,212 | ||||
| Other current assets | 781 | 659 | ||||
| TOTAL CURRENT ASSETS | 20,627 | 21,157 | ||||
| Property, plant and equipment - net | 1,050 | 1,001 | ||||
| Other assets | 2,440 | 2,812 | ||||
| TOTAL ASSETS | $ | 24,117 | $ | 24,970 | ||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
| CURRENT LIABILITIES: | ||||||
| Accounts payable | $ | 1,366 | $ | 820 | ||
| Accrued compensation | 1,056 | 1,517 | ||||
| Deferred revenue | 1,254 | 1,535 | ||||
| Other accrued liabilities | 1,380 | 1,161 | ||||
| Income taxes payable | 20 | 39 | ||||
| TOTAL CURRENT LIABILITIES | 5,076 | 5,072 | ||||
| Operating lease liabilities | 1,750 | 2,160 | ||||
| Long-term other payables | 45 | 112 | ||||
| STOCKHOLDERS' EQUITY | ||||||
| Preferred stock - | ||||||
| Authorized, 5,000,000 shares, including | ||||||
| 200,000 shares of Series A Junior Participating | ||||||
| Issued and outstanding, none | - | - | ||||
| Common stock, at stated value - | ||||||
| Authorized, 30,000,000 shares | ||||||
| Issued and outstanding, 9,374,698 shares as of June 30, | ||||||
| 2025 and 9,236,040 shares as of December 31, 2024 | 23,804 | 23,475 | ||||
| Accumulated earnings (deficit) | (6,862) | (5,738) | ||||
| Accumulated other comprehensive income | 304 | (111) | ||||
| TOTAL STOCKHOLDERS' EQUITY | 17,246 | 17,626 | ||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 24,117 | $ | 24,970 | ||
DATA I/O CORPORATION
NON-GAAP FINANCIAL MEASURE RECONCILIATION
| NON-GAAP FINANCIAL MEASURE RECONCILIATION | ||||||||||||
| (in thousands) | ||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| EBITDA/Adjusted EBITDA | ||||||||||||
| Net Income (loss) | ( | ( | ( | ( | ||||||||
| Interest (income) | (35) | (73) | (73) | (153) | ||||||||
| Taxes | (20) | 353 | 1 | 394 | ||||||||
| Depreciation and amortization | 110 | 138 | 237 | 339 | ||||||||
| EBITDA | ( | ( | ( | ( | ||||||||
| Equity compensation | 250 | 382 | 424 | 663 | ||||||||
| Adjusted EBITDA, excluding equity compensation | ( | ( | ( | |||||||||
| Operating income, excluding one-time expenses/investments | ||||||||||||
| Operating income (loss) | ( | ( | ||||||||||
| One-time investments - Technology platform and IT infrastructure | 165 | - | ||||||||||
| One-time expenditures - CFO/Other HR | 145 | - | ||||||||||
| One-time expenditures - Technology platform | 88 | - | ||||||||||
| One-time expenditures - IT infrastructure | 82 | - | ||||||||||
| Operating income (loss) excluding one-time items | ( | ( | ||||||||||
| Adjusted EBITDA, excluding equity compensation and one-time expenses/investments | ||||||||||||
| Adjusted EBITDA, excluding equity compensation | ( | $ | 3 | |||||||||
| One-time investments - Technology platform and IT infrastructure | 165 | - | ||||||||||
| One-time expenditures - CFO/Other HR | 145 | - | ||||||||||
| One-time expenditures - Technology platform | 88 | - | ||||||||||
| One-time expenditures - IT infrastructure | 82 | - | ||||||||||
| Adjusted EBITDA, excluding equity compensation and one-time expenses/investments | $ | 43 | $ | 3 | ||||||||
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FAQ
What were Data I/O's (DAIO) key financial results for Q2 2025?
What major order did Data I/O receive in Q2 2025?
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