Data I/O resolves ransomware incident with no revenue impact

REDMOND, Washington - Data I/O Corporation (NASDAQ:DAIO), a $28.6 million market cap technology company, announced Thursday it has completely contained and remediated a ransomware attack that was first identified on August 16, 2025. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 4.06, suggesting robust financial resilience during such challenges.

The cybersecurity incident originated from a vulnerability in a commercially available third-party firewall service provider rather than being a targeted attack, according to the company. Data I/O reported that all systems globally have been restored and the company believes it faces no risk exposure from the incident.

"Our order flow from bookings to deliveries is on track and we believe no revenue has been lost as a result of the incident," said William Wentworth, President and CEO of Data I/O.

The company expects remediation, restoration and investigation efforts to cost approximately $180,000 in expenses for the third quarter ending September 30, 2025. However, Data I/O noted it has reduced about $300,000 in annual spending through ongoing optimization efforts.

Data I/O provides security and data deployment solutions for microcontrollers, security ICs and memory devices. The company serves customers in automotive, Internet-of-Things, medical, wireless, consumer electronics and industrial controls sectors.

This information is based on a press release statement from the company.

In other recent news, Data I/O Corporation reported its financial results for the second quarter of 2025, revealing that the company achieved a revenue of $5.95 million, surpassing the anticipated $5.33 million. Despite this revenue beat, the company experienced a shortfall in earnings per share (EPS), reporting a loss of $0.08 compared to the expected loss of $0.05. Additionally, Data I/O announced a leadership change with the appointment of Charles "Charlie" DiBona as the new Vice President and Chief Financial Officer, Secretary, and Treasurer. DiBona replaces Interim CFO Todd Henne, who will stay on temporarily to assist with the transition. These developments highlight a period of significant change and financial performance for Data I/O. The company continues to navigate its strategic direction under new financial leadership. Investors and analysts will be closely monitoring these changes and their potential impact on future performance.

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