Data I/O appoints Charlie DiBona as new CFO

REDMOND, Washington - Data I/O Corporation (NASDAQ:DAIO), a $30.28 million market cap technology company whose stock has gained over 16% year-to-date, announced Monday the appointment of Charles "Charlie" DiBona as Vice President and Chief Financial Officer, Secretary and Treasurer, effective immediately. According to InvestingPro analysis, the company maintains a strong financial position with more cash than debt on its balance sheet.

DiBona replaces Interim CFO Todd Henne, who will remain with the company temporarily to facilitate the transition, according to a press release statement.

The new CFO brings nearly 20 years of experience in financial reporting, resource optimization, IT systems, capital markets, and mergers and acquisitions. His background includes serving as General Manager of Strategy and M&A for Microsoft’s Server and Tools Business, as well as holding CFO positions at various technology companies.

"Charlie comes to us with extensive experience in driving financial strategy and transforming organizational performance," said William Wentworth, President and CEO of Data I/O Corporation.

DiBona holds an MBA from Harvard Business School and an A.B. in Economics, Magna Cum Laude, from Harvard University.

As part of his employment package, DiBona will receive an inducement grant of 100,000 Restricted Stock Units effective on the first day of the month following his employment, vesting annually over three years. This equity grant is made under the terms of the Data I/O Corporation 2023 Omnibus Incentive Compensation Plan.

Data I/O Corporation, founded in 1972, provides data programming solutions and security deployment platforms for electronic products across various industries including automotive, Internet-of-Things, medical, and consumer electronics. The company generates annual revenue of $22.73 million with an impressive gross margin of 51.81%. For deeper insights into Data I/O’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, Data I/O Corporation announced its financial results for the second quarter of 2025, showing a mixed performance. The company reported revenue of $5.95 million, surpassing the forecast of $5.33 million, which represents an 11.63% surprise. However, the earnings per share (EPS) was a loss of $0.08, falling short of the projected loss of $0.05. Despite the EPS miss, the revenue beat is a significant highlight for the company. These developments are important for investors to consider as they evaluate the company’s financial health.

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