Data I/O Corporation reported its financial results for the third quarter of 2025, revealing a slight decline in net sales compared to the same period last year. The company generated net sales of $5.4 million, a decrease of 0.6% from $5.4 million in the third quarter of 2024. Year-to-date, net sales increased by 5.6% to $17.5 million, compared to $16.6 million for the same nine-month period in 2024. The gross margin for the third quarter was 50.7%, down from 53.9% in the prior year, reflecting a shift in product mix and ongoing supply chain challenges.
The company experienced a notable increase in operating expenses, which rose to $4.1 million in the third quarter, up 27% from $3.2 million in the same quarter last year. This increase was attributed to higher selling, general, and administrative expenses, which included costs related to leadership transitions and recovery efforts from a ransomware incident in August. As a result, Data I/O reported an operating loss of $1.4 million for the quarter, compared to a loss of $325,000 in the third quarter of 2024. The net loss for the quarter was $1.4 million, or $0.15 per share, compared to a loss of $307,000, or $0.03 per share, in the prior year.
In terms of operational developments, Data I/O's customer base remains predominantly international, with approximately 99% of net sales coming from outside the United States. The company reported a backlog of $2.7 million at the end of the third quarter, down from $2.8 million at the end of the previous quarter. Bookings for the third quarter were $5.1 million, a decrease from $5.8 million in the second quarter of 2025 but an increase from $4.7 million in the third quarter of 2024. The automotive electronics sector accounted for 65% of bookings during the quarter.
Looking ahead, Data I/O is focused on diversifying its market reach and enhancing its product offerings, particularly in the semiconductor sector. The company is optimistic about future revenue growth despite current economic challenges, including global trade tensions and inflationary pressures. Management emphasized the importance of innovation and operational efficiency as key strategies to navigate these headwinds. The company continues to maintain a strong liquidity position, with cash and cash equivalents totaling $9.7 million as of September 30, 2025, although this represents a decrease from $10.3 million at the end of 2024.
About DATA I/O CORP
Data I/O Corporation is a global leader in device programming and security deployment solutions for electronics manufacturing. It provides automated and manual systems, software, and services to program and protect semiconductor devices used in automotive, IoT, industrial, and consumer electronics. Its offerings enable secure device provisioning, IP protection, and process automation for high-volume manufacturers worldwide, emphasizing quality, security, and technological innovation.
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