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In a challenging market environment, Data I/O Corporation (DAIO) stock has recorded a new 52-week low, dipping to $2.18. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 4.17, though profitability remains a concern. The company, known for its programming solutions for electronic devices, has faced significant headwinds over the past year, reflected in a substantial 1-year change with a decline of -35.41%. Revenue has contracted by 22.43% over the last twelve months, though the company maintains a healthy balance sheet with more cash than debt. This downturn highlights the pressures on the tech sector, particularly for companies specializing in the production of equipment for electronic device manufacturers. Investors are closely monitoring DAIO’s strategies for recovery and adaptation in a rapidly evolving technological landscape. InvestingPro analysis suggests the stock may be undervalued at current levels, with additional insights available in the comprehensive Pro Research Report covering this $22 million market cap company.
In other recent news, Data I/O Corporation reported its financial results for the fourth quarter of 2024, which fell short of expectations. The company announced an earnings per share (EPS) loss of $0.13, missing the forecasted $0.02, and revenue of $5.19 million, which was below the expected $6.9 million. For the full year, sales decreased by 22% to $21.8 million compared to 2023, and the company reported a net loss of $3.1 million for the year. Despite these challenges, Data I/O has no debt and maintains a cash position of $10.3 million. The company is targeting quarterly revenues between $5 million and $6 million going forward, with plans to expand into service provider and contract manufacturer markets. Executives highlighted a focus on improving operational efficiency and expanding the algorithm library to support revenue growth. The automotive electronics sector accounted for 59% of the company’s bookings in 2024, indicating a significant area of focus amidst broader market challenges.
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