REDMOND, Wash.--(BUSINESS WIRE)--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 financial results for the third quarter ended September 30, 2022.
Third Quarter 2022 Highlights
- Net sales of $7.2 million; bookings of $7.1 million
- Quarter-end backlog of $4.9 million
- Gross margin as a percentage of sales of 57.0%
- Net income of $847,000 or $0.10 per share
- Adjusted EBITDA* of $1.4 million
- Cash & Equivalents of $11.0 million; no debt
- Automotive Electronics represented 70% of third quarter 2022 bookings
- VerifyBoostTM Technology announced with up to 4.5x improvement in programming verify performance for automotive UFS applications
- SentriX® customer going into production in Asia
- 4 new customer wins
*Adjusted EBITDA is a non-GAAP financial measure. A reconciliation is provided in the tables of this press release.