Data I/O Corporation reported its financial results for the second quarter of 2025, revealing a net sales increase to $5.9 million, up 17.5% from $5.1 million in the same period last year. For the first half of 2025, total revenue reached $12.1 million, an 8.6% increase compared to $11.2 million in the first half of 2024. The company experienced a gross margin of 49.8% in the second quarter, a decline from 54.5% in the prior year, attributed to a lower-margin product mix and configuration of automated systems driven by a significant customer order.

In terms of profitability, Data I/O reported a net loss of $742,000 for the second quarter, slightly improved from a loss of $797,000 in the same quarter of 2024. The loss for the first half of 2025 was $1.1 million, compared to a loss of $1.6 million in the first half of 2024. Operating expenses increased to $3.8 million in the second quarter, up from $3.3 million a year earlier, primarily due to higher research and development costs and increased selling, general, and administrative expenses.

The company noted significant operational developments, including a notable order for automated programming systems from a leading global automotive electric vehicle supplier, valued at over $1.4 million. This order is expected to be delivered in the second half of the year. Data I/O's international sales represented approximately 95% of total net sales for the second quarter, reflecting a strategic focus on global markets. The company also reported a backlog of $2.8 million at the end of June 2025, down from $3.0 million at the end of the previous quarter.

Data I/O's cash and cash equivalents stood at $10 million as of June 30, 2025, a decrease from $10.3 million at the end of 2024, primarily due to one-time expenses and investments. The company continues to maintain a strong liquidity position with no debt, and it expects to fund future operations and capital requirements through existing cash and internally generated funds. Looking ahead, Data I/O remains cautious about the economic environment, particularly regarding global trade and tariff negotiations, but is optimistic about its growth strategies and market expansion efforts.

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.

This description was generated via AI from an annual report. Updated 8 months ago.

About 10-Q Filings

A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.

Key points about the 10-Q:

  • Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
  • Content: It includes:
    • Financial statements showing the company's current financial position
    • Updates from management on the performance and projections of the business
    • Information about potential risks the company faces
    • Details on how the company is run internally
  • Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.

Our Methodology

AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.

Our method:

  1. Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
  2. AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
  3. Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
  4. Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
  5. Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Read more about AssetRoom

Feedback & Corrections

Spot an error or have a suggestion? Contact us.