Data I/O Corporation Reports Third Quarter 2025 Results
Data I/O Corporation, a leading global provider of data programming and security provisioning solutions for microcontrollers, security ICs, and memory devices, has released its financial results for the third quarter ended September 30, 2025. The company has reported a mix of financial and operational highlights, reflecting both challenges and strategic progress.
Financial Highlights
For the third quarter of 2025, Data I/O Corporation reported net sales of $5.4 million, which remained flat compared to the same period in 2024 but decreased from $5.9 million in the second quarter of 2025. The company experienced a net loss of ($1.36) million or ($0.15) per share, compared to a net loss of ($0.31) million or ($0.03) per share in the third quarter of 2024. Adjusted EBITDA, excluding equity compensation and one-time expenses, was ($0.56) million for the third quarter of 2025.
Business and Operational Highlights
Data I/O Corporation saw a 7% increase in bookings from the prior year period, driven by demand for the PSV7000 Automated Programming System. The company also received industry recognition with the 2025 Mexico Technology Award and the 2025 Step-by-Step Excellence Award for its LumenX-M8 Manual Programming Solution. Additionally, the company successfully remediated a cybersecurity incident with minimal cost.
Strategic Initiatives and Corporate Developments
During the third quarter, Data I/O Corporation engaged a leading boutique middle market investment bank to assist with mergers and acquisitions aligned with its growth strategy. The company also appointed Charles DiBona as Chief Financial Officer to support its operational strategies. Furthermore, the company is focusing on diversifying into other end markets beyond automotive electronics, including programming services, embedded applications, and socket manufacturing.
Management's Perspective
William Wentworth, President and CEO of Data I/O Corporation, highlighted the strategic progress made during the quarter, including enhancements to programming solutions, strengthening of the corporate leadership and IT infrastructure, and efforts to improve the gross margin profile. He noted that while the company achieved a 7% increase in bookings, external factors such as the reallocation of technology spending and geopolitical conditions have impacted organic growth.
Future Outlook
Looking ahead, Data I/O Corporation plans to continue investing in its LumenX programming platform, with new manual and automated solutions expected to support programming throughout the supply chain. The company is also targeting adjacent and vertical growth opportunities and is seeking partnerships and selective acquisitions to accelerate growth. The company remains optimistic about the demand for its PSV platform and the potential for increased programming capacity driven by the growth in UFS flash memory applications.
Original SEC Filing: DATA I/O CORP [ DAIO ] - 8-K - Nov. 03, 2025