Data I/O Corporation reported third‑quarter 2025 financial results for the period ended September 30, 2025. Net sales were $5.4 million, flat versus the $5.9 million reported in the prior year period, and below the analyst consensus estimate of $5.71 million.
Bookings totaled $5.1 million, a decline from $5.8 million in the prior year period. Automotive electronics accounted for 78 % of bookings, while capital‑equipment sales represented 76 % of revenue.
Gross margin improved to 50.7 %, up from 49.8 % in the prior quarter and down from 53.9 % in the prior year period, driven by a higher margin product mix and increased demand for the PSV7000 automated programming system.
Operating expenses rose to $4.1 million, up from $3.3 million in the prior year period, largely due to one‑time costs of $585 k that included $200 k for cybersecurity remediation, platform investments, and executive transition expenses.
The company posted a net loss of $1.362 million, or $0.15 per share, versus a loss of $1.1 million in the prior year period. Adjusted EBITDA was negative $1.148 million; excluding the one‑time expenses, adjusted EBITDA would have been $563 k.
Cash and cash equivalents stood at $9.7 million, and the company remained debt‑free with working capital of $14.4 million. Backlog was $2.7 million, slightly down from $2.8 million at the end of the second quarter, and deferred revenue was $1.4 million.
CEO Bill Wentworth highlighted that the quarter demonstrated “important strategic progress,” citing stabilization of the business, strengthening of leadership and IT infrastructure, and the launch of new programming solutions. He emphasized continued investment in the core programming platform and focus on Universal Flash Storage (UFS) technology as part of the strategic transformation, while noting headwinds from a realignment of technology spending toward AI and changes in the global EV landscape.
The company also disclosed that it has engaged an investment bank for M&A activities aligned with its growth strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.