Data I/O Announces Preliminary Fourth Quarter and Full Year 2023 Results
2024年1月30日 - 6:01AM
ビジネスワイヤ(英語)
Strong Performance Disclosed Ahead of
Non-Deal Roadshow with WestPark Capital and the A.G.P. Virtual
Technology Conference
2023 Revenue Growth of 16%
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
preliminary financial results for the fourth quarter and full year
ended December 31, 2023. Select financial performance parameters
are being disclosed ahead of the Company’s non-deal roadshow
(“NDR”) with WestPark Capital, Inc. scheduled for January 30, 2024.
WestPark Capital, Inc., a full-service investment bank and
brokerage firm, maintains research coverage of Data I/O. The
Company will also be participating in the A.G.P. Virtual Technology
Conference scheduled for February 7, 2024. An investor presentation
including the preliminary results announced today will be filed on
Form 8-K with the Securities and Exchange Commission and will be
available on the investor relations section of the Company’s
website on January 30, 2024.
Preliminary Fourth Quarter and Full Year 2023 Results
- Net sales of $6.8 million and bookings of $7.2 million for the
quarter
- Net sales of $28 million for the year
- 23 new customer wins in 2023
- Automotive Electronics represented 63% of bookings
Management Comments
Commenting on the preliminary fourth quarter results ended
December 31, 2023, Anthony Ambrose, President and CEO of Data I/O
Corporation, said, “The Company ended the year on a high note. As
we indicated in our remarks in early 2023, we anticipated double
digit revenue growth for the year, and we delivered 16% top line
growth for the year. Our largest market, automotive electronics,
represents over 60% of our business, and shows continued long term
potential with analysts estimating automotive silicon content to be
growing 10-15% per year through this decade.
“We look forward to sharing our exciting story and catalysts for
ongoing growth and financial performance improvements with
investors. The Company expects to report full financial results and
conduct a conference call for the fourth quarter ended December 31,
2023 on February 22, 2024. Details for the conference call to
discuss fourth quarter results will be announced on February
8th.”
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. Learn more at
dataio.com/Company/Patents.
Forward Looking Statements and Disclaimers
Data I/O’s financial closing procedures for the fourth quarter
and year-ended December 31, 2023 are not yet complete. It is
possible that the final results may differ from the preliminary
results between now and when results are finalized.
Statements in this news release concerning economic outlook,
expected revenue, expected margins, expected savings, expected
results, expected expenses, 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 demand
for the Company’s products and the impact from geopolitical
conditions 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.
The non-deal roadshow with WestPark Capital, Inc. is intended to
support its research coverage of Data I/O. WestPark Capital, a
full-service investment bank and brokerage firm, maintains research
coverage of Data I/O. For access to this research, please contact
WestPark Capital via its website at www.wpcapital.com. The research
coverage and non-deal roadshow do not involve any compensation paid
by Data I/O to WestPark Capital. Reference made to WestPark Capital
and its equity research in connection with this announcement or any
opinions, estimates or forecasts regarding Data I/O’s performance
made by them are theirs alone and do not represent opinions,
forecasts or predictions of Data I/O or its management. Data I/O
does not by its reference above or distribution of marketing
content in connection with its investor relations activities imply
its endorsement of or concurrence with such information,
conclusions or recommendations by WestPark Capital or its analysts
providing research coverage of the Company.
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version on businesswire.com: https://www.businesswire.com/news/home/20240129643426/en/
Gerald Ng Vice President and CFO 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 1 2025 まで 2 2025
Data I O (NASDAQ:DAIO)
過去 株価チャート
から 2 2024 まで 2 2025