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REDMOND, Washington - Data I/O Corporation (NASDAQ: DAIO), a provider of advanced security and data deployment solutions with a market capitalization of $21 million, has received an unprecedented adapter order worth nearly $1 million, the company announced today. The order, the largest in the company’s history, was placed by a leading European electronics distributor and is slated for completion by the end of September 2025. The company, which generated revenue of $21.85 million in the last twelve months, maintains a strong balance sheet with more cash than debt.
Monty Reagan, Vice President of Sales & Marketing at Data I/O, expressed excitement about the milestone, highlighting the significance of the distribution channel market in the company’s customer expansion strategy. He pointed out that the order reflects confidence in Data I/O’s platforms and anticipates it will contribute to future recurring revenue.
Data I/O’s adapters are integral to its automated programming systems, including the PSV family, which are recognized for their speed, flexibility, and cost-effectiveness. These adapters act as a bridge between the programming systems and a variety of semiconductor devices such as microcontrollers and flash memory. The company is continuously enhancing its algorithm library to support the evolving needs of its customers, aiming to improve chip density, production speed, programming yields, and time-to-market.
Established in 1972, Data I/O has been providing solutions that span the entire lifecycle of electronic products from conception to field deployment. Their offerings cater to a range of industries, including automotive, IoT, medical, consumer electronics, and more. With a global network of support and service professionals, Data I/O ensures that their customers can efficiently and securely bring innovative products to the market.
This press release also includes forward-looking statements regarding the company’s economic outlook and product demand, which are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These statements are governed by cautionary disclaimers regarding the impact of factors such as product delivery timing, supply chain issues, and geopolitical conditions. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of over 1,400 US stocks.
The information reported is based on a press release statement from Data I/O Corporation.
In other recent news, Data I/O Corporation reported its fourth-quarter 2024 financial results, which fell short of expectations. The company posted an earnings per share (EPS) loss of $0.13, missing the anticipated $0.02, while revenue reached only $5.19 million compared to the projected $6.9 million. For the full year, sales declined by 22% to $21.8 million from $28.1 million in 2023, with a net loss of $3.1 million. Despite these challenges, Data I/O is focusing on enhancing its algorithm library and operational efficiency, with automotive electronics accounting for 59% of its 2024 bookings. The company is also targeting quarterly revenues between $5 million and $6 million in the future, supported by a strong backlog and expansion into new markets. Additionally, Data I/O is addressing potential risks such as supply chain issues and tariff challenges. The company maintains a cash position of $10.3 million with no debt, providing a solid foundation for strategic investments.
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