Data I/O Set to Join Russell Microcap Index
2023年5月25日 - 9:00PM
ビジネスワイヤ(英語)
Share Price Appreciation of Over 48% in
Trailing Year Leads to Index Inclusion
Data I/O Corporation (NASDAQ: DAIO), the leading global provider
of advanced security and data deployment solutions for
microcontrollers, security ICs and memory devices, today announced
it is set to join the Russell Microcap® Index at the conclusion of
the 2023 Russell indexes annual reconstitution, effective after the
US market closes on June 23rd, according to a preliminary list of
additions posted May 19.
Membership in the Russell Microcap Index, which remains in place
for one year, results in automatic inclusion in any growth and
value style funds or other portfolios modeled after the index. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings, and style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s US indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
Anthony Ambrose, President and CEO of Data I/O Corporation,
said, “According to FTSE Russell, the rebalancing process is
designed to capture market shifts from the previous year to ensure
the Russell US Indexes continue to accurately reflect the US equity
market. During the past 12 months, Data I/O’s share price
appreciated approximately 48%, far outpacing the popular
technology-laden NASDAQ Composite which was up by 12%. In terms of
financial performance, our first quarter 2023 was highlighted by
46% top line growth and a nearly $2 million swing in net income as
compared to the same period of the prior year. Revenues reached the
highest first quarter level since 2018. We are gratified that our
financial results progress and efforts to deliver shareholder
returns has culminated in the expected inclusion of DAIO shares in
the Russell Microcap Index, which should create even more exposure
for our stock.”
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $16
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information on the Russell Microcap® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website. For more information, visit
www.ftserussell.com.
About Data I/O Corporation
Since 1972, Data I/O has developed innovative solutions to
enable the design and manufacture of electronic products for
automotive, Internet-of-Things, medical, wireless, consumer
electronics, industrial controls and other electronics devices.
Today, our customers use Data I/O’s data programming solutions and
security deployment platform to secure the global electronics
supply chain and protect IoT device intellectual property from
point of inception to deployment in the field. OEMs of any size can
program and securely provision devices from early samples all the
way to high volume production prior to shipping semiconductor
devices to a manufacturing line. Data I/O enables customers to
reliably, securely, and cost-effectively bring innovative new
products to life. These solutions are backed by a portfolio of
patents and a global network of Data I/O support and service
professionals, ensuring success for our customers. See:
dataio.com/Company/Patents.
Learn more at dataio.com
Forward Looking Statement and Non-GAAP financial
measures
Statements in this news release concerning economic outlook,
expected revenue, expected margins, expected savings, expected
results, orders, deliveries, backlog and financial positions,
semiconductor chip shortages, supply chain expectations, as well as
any other statement that may be construed as a prediction of future
performance or events are forward-looking statements which involve
known and unknown risks, uncertainties and other factors which may
cause actual results to differ materially from those expressed or
implied by such statements. Forward-looking statement disclaimers
also apply to the global COVID-19 pandemic, including the expected
effects on the Company’s business from Shanghai’s COVID-19
lockdowns, the duration and scope, impact on the demand for the
Company’s products, and the pace of recovery for the COVID-19
pandemic to subside, and the Russian invasion of Ukraine including
any related international trade restrictions. These factors include
uncertainties as to the ability to record revenues based upon the
timing of product deliveries, shipping availability, installations
and acceptance, accrual of expenses, coronavirus related business
interruptions, changes in economic conditions, part shortages and
other risks including those described in the Company's filings on
Forms 10-K and 10-Q with the Securities and Exchange Commission
(SEC), press releases and other communications.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230525005101/en/
Joel Hatlen Chief Operating and Financial Officer Data I/O
Corporation
Darrow Associates, Inc. Jordan Darrow (512) 551-9296
jdarrow@darrowir.com
Data I O (NASDAQ:DAIO)
過去 株価チャート
から 4 2024 まで 5 2024
Data I O (NASDAQ:DAIO)
過去 株価チャート
から 5 2023 まで 5 2024