Data I/O Corporation
- Open
- 2.92
- Day high
- 2.99
- Day low
- 2.88
- Prev close
- 2.93
- Volume
- 24K
- Mkt cap
- $30M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.5
- P/S
- 1.7
- Yield
- —
- Per share
- —
Data I/O Corporation (DAIO) is a Technology company listed on NASDAQ. The stock is down 6% over the past year. Drillr has 1 published research article covering DAIO.
Data I/O Corporation (DAIO) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DAIO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 14, 2026 | $-0.16 | $-0.34 | -112.5% | $3M | -18.8% |
| Oct 30, 2025 | $-0.10 | $-0.15 | -57.9% | $5M | -3.2% |
| Jul 24, 2025 | $-0.05 | $-0.08 | -60.0% | $6M | +13.0% |
| Apr 24, 2025 | $-0.09 | $-0.04 | +55.6% | $6M | +17.3% |
| Feb 27, 2025 | $-0.03 | $-0.13 | -333.3% | $5M | -9.0% |
| Oct 24, 2024 | $0.00 | $-0.03 | -1404.3% | $5M | -7.4% |
| Jul 25, 2024 | $-0.01 | $-0.09 | -500.0% | $5M | -20.5% |
| Apr 25, 2024 | $-0.01 | $-0.09 | -1700.0% | $6M | -10.3% |
| Feb 22, 2024 | — | $0.02 | — | $7M | -0.3% |
| Oct 26, 2023 | $-0.00 | $-0.01 | -139.8% | $7M | -4.0% |
| Jul 27, 2023 | — | $0.03 | — | $7M | +10.5% |
| Apr 27, 2023 | $-0.09 | $0.01 | +111.1% | $7M | +9.4% |
DAIO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 10, 2026 | WASZAK STEVEN Mdirector | Grant | 16,260 | $3.56 |
| Jul 10, 2026 | Washlow Sally A.director | Grant | 16,260 | $3.56 |
| Jul 10, 2026 | SMITH EDWARD Jdirector | Grant | 16,260 | $3.56 |
| Jul 10, 2026 | Larson Garrett Rileydirector | Grant | 16,260 | $3.56 |
| Dec 5, 2025 | Wentworth William O.director, officer: President | Grant | 7,455 | $2.78 |
| Dec 5, 2025 | Wentworth William O.director, officer: President | Grant | 1,100 | $2.80 |
| Dec 4, 2025 | WASZAK STEVEN Mdirector | Grant | 7,950 | $2.79 |
| Sep 30, 2025 | DiBona Charles Josephofficer: Vice President & CFO | Grant | 100,000 | $3.15 |
| May 19, 2025 | Larson Garrett Rileydirector | Grant | 20,300 | $2.48 |
| May 19, 2025 | SMITH EDWARD Jdirector | Grant | 20,300 | $2.48 |
| May 19, 2025 | Washlow Sally A.director | Grant | 20,300 | $2.48 |
| May 19, 2025 | Brown Douglas Wellsdirector | Grant | 20,300 | $2.48 |
| May 8, 2025 | Wentworth William O.director, officer: President | Buy | 10,585 | $2.36 |
| May 8, 2025 | SMITH EDWARD Jdirector | Buy | 5,000 | $2.46 |
| May 7, 2025 | Wentworth William O.director, officer: President | Buy | 10,332 | $2.42 |
Source: DAIO SEC Form 4 filings, latest Jul 10, 2026. For informational purposes only — not investment advice.
See the full DAIO insider & 13F page →Data I/O Corporation company profile
Overview
Data I/O Corporation (NASDAQ:DAIO) is a specialized technology company founded in 1969 and headquartered in Redmond, Washington. The company has been publicly traded since 1989 and operates as a niche provider of programming and security deployment systems for electronic device manufacturers. With over five decades of experience, Data I/O has established itself as a focused player in the semiconductor programming equipment market, serving customers primarily in the automotive electronics, industrial Internet of Things (IoT), and contract manufacturing sectors across the United States, Europe, and Asia.
Business
Data I/O Corporation operates in the semiconductor programming equipment industry, designing and manufacturing specialized systems that program integrated circuits (ICs) with the specific data and firmware necessary for electronic devices to function. The company's core business revolves around providing the critical "last mile" of semiconductor manufacturing - taking blank chips and loading them with the software, security keys, and configuration data that transforms them into functional components for end products. The company's primary product portfolio consists of several key systems. The PSV (Programming System Validator) handlers are offline automated programming systems that can handle high-volume programming tasks for manufacturers. These systems represent the company's flagship offering, with over 500 units deployed globally. The RoadRunner and RoadRunner3 series are in-line automated programming systems designed to integrate directly into manufacturing production lines. For security-focused applications, Data I/O offers SentriX, a comprehensive security deployment system that handles encryption key management and secure provisioning of IoT devices. The company also provides LumenX Programmers and FlashPAK III systems for various programming needs ranging from high-volume to manual operations. Beyond hardware systems, Data I/O generates significant revenue from consumables and services. Programming adapters, which are device-specific interfaces that connect the programming equipment to different types of chips, represent a substantial recurring revenue stream. The company also provides software updates, technical support, installation services, and device programming services to customers who prefer outsourcing this function. The business serves three primary market segments: 1) Automotive electronics manufacturers (approximately 59% of bookings), who require programming for the increasing number of electronic control units in modern vehicles; 2) Industrial IoT and programming centers, which handle programming services for various electronic manufacturers; and 3) Electronic manufacturing service (EMS) contract manufacturers who provide outsourced manufacturing services to original equipment manufacturers across multiple industries.
Revenue model
Data I/O generates revenue through multiple complementary streams within its programming equipment business model. The primary revenue source comes from capital equipment sales, where customers purchase programming systems ranging from manual units costing thousands of dollars to fully automated production lines that can cost hundreds of thousands of dollars. These systems typically have long useful lives and represent significant capital investments for manufacturing customers. The company's business model benefits from substantial recurring revenue streams that comprised approximately 50% of total revenue in 2024. This recurring revenue comes from several sources: programming adapters that must be purchased for each new chip type or device variant (generating $8.1 million in 2023), software licensing and updates, technical support contracts, and consumable components that wear out during normal operation. Additionally, Data I/O provides fee-based programming services for customers who prefer to outsource this function entirely. The company's customers are primarily original equipment manufacturers (OEMs) in the automotive and industrial sectors, along with electronic manufacturing service (EMS) providers and programming service centers. These customers typically make purchasing decisions based on technical capabilities, reliability, and total cost of ownership rather than price alone, as programming errors can be extremely costly in production environments. Several factors significantly impact Data I/O's profitability margins. Positive margin drivers include the company's specialized market position allowing for premium pricing, the high-margin nature of software and adapter sales, and economies of scale in manufacturing. The company's gross margins typically range from 50-60%, with recurring revenue streams generally carrying higher margins than capital equipment sales. Negative margin pressures come from the cyclical nature of automotive electronics demand, competitive pricing pressure from larger automation companies, currency fluctuations affecting international sales (which represent over 90% of revenue), and the need for continuous R&D investment to support new chip architectures and security requirements. Supply chain disruptions and tariff impacts on components sourced from Asia also present ongoing margin challenges.
Competitive moat
Data I/O operates in a specialized niche market with moderate competitive advantages, though its moat is not particularly deep or durable. The company's primary competitive advantage stems from its specialized technical expertise in semiconductor programming, accumulated over more than 50 years of operation. This expertise manifests in comprehensive device libraries supporting thousands of different chip types, proprietary programming algorithms optimized for speed and reliability, and deep integration capabilities with customers' manufacturing processes. The company benefits from customer switching costs that provide some protection against competition. Once manufacturers integrate Data I/O's programming systems into their production lines, switching to alternative providers requires significant time, training, and validation efforts. The recurring revenue model from adapters and services creates additional stickiness, as customers must continue purchasing device-specific adapters for new chip variants. The company's installed base of over 500 PSV systems worldwide provides a foundation for ongoing adapter and service sales. However, Data I/O's competitive moat faces several significant challenges. The company operates in a niche market with limited growth potential, as the total addressable market for programming equipment is constrained by the number of electronics manufacturers requiring these services. Larger automation and test equipment companies such as Teradyne, Advantest, or Cohu possess substantially greater resources and could potentially develop competing solutions or acquire Data I/O's market position. The company also faces technological disruption risks from changes in semiconductor architecture, such as the potential for chips to be pre-programmed at the foundry level, which could reduce demand for separate programming steps. The concentration risk in automotive electronics (59% of bookings) represents another vulnerability, as this market is highly cyclical and subject to rapid technological changes. Additionally, the company's small size ($22 million in annual revenue) limits its ability to invest in R&D at the pace of larger competitors, potentially eroding its technical advantages over time. While Data I/O maintains a defendable position in its current market, the moat is relatively narrow and could be challenged by well-resourced competitors or technological shifts in the semiconductor industry.
Risks & safety
Data I/O presents a mixed margin of safety profile with strong liquidity but operational challenges. • Liquidity and Solvency: Strong cash position of $10.3 million with no debt provides substantial financial cushion. Current ratio of 4.17 indicates excellent short-term liquidity. The company maintains Graham net-net working capital value near $1.00 per share, suggesting asset protection. • Cash Flow Concerns: Negative operating cash flow of -$1.0 million and free cash flow of -$1.5 million in 2024 indicate operational challenges. The company burned through approximately $2 million in cash during 2024, though this was an improvement from prior periods. • Valuation Metrics: Trading at 1.4x book value and negative earnings multiples due to losses. EV/EBITDA of -6.9x reflects the company's current unprofitability. Price-to-book ratio suggests modest premium to tangible assets. • Operational Risks: Revenue declined 22% in 2024 to $21.8 million, with net losses of $3.1 million. Heavy dependence on cyclical automotive electronics market (59% of bookings) creates concentration risk. Small scale limits operational leverage and R&D investment capacity. • Debt Structure: Minimal debt-to-equity ratio of 0.12 eliminates financial leverage risks, though also limits potential returns during recovery periods.
Recent development
Over the past few years, Data I/O has undergone significant strategic and operational changes under new leadership. In 2024, the company appointed Bill Wentworth as CEO, who has implemented a comprehensive transformation strategy focused on diversifying beyond the company's traditional automotive electronics concentration. Key strategic initiatives include implementing a consultative sales approach that has successfully reduced sales cycles from 140 to 70 days, and expanding the company's focus toward service providers and contract manufacturers rather than relying primarily on direct OEM relationships. The company has made substantial investments in technology development, particularly in expanding its algorithm library and developing next-generation programming platforms. A significant focus has been placed on Edge AI applications, recognizing the growing demand for programming services in artificial intelligence hardware across automotive ADAS systems, industrial IoT devices, smart factory automation, and healthcare monitoring equipment. The SentriX security platform has shown promising growth, with software and pay-per-use revenue growing 150% in 2023. Operational efficiency improvements have been a major focus, with the company trimming its executive team, deploying AI agents to reduce processing times, and achieving a 7% reduction in operating expenses in 2024 despite revenue challenges. The company has also enhanced its international manufacturing capabilities and explored alternative manufacturing locations to mitigate potential tariff impacts, while maintaining its dual manufacturing footprint in China and the United States. Market expansion efforts have included geographic diversification, with Asia revenue growing 14% in 2024 even as Americas and European markets declined. The company has also focused on new customer acquisition, achieving 23 new customer wins in 2023 and continuing this momentum into 2024. Strategic partnerships with global component distribution companies and electronic supply chain suppliers represent a shift toward broader market reach beyond the traditional automotive focus.
DAIO company profile · for informational purposes only — not investment advice.
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