Data I/O Corporation (DAIO): history, ownership, mission, how it works & makes money

A Brief History of Data I/O Corporation (DAIO)

Foundation and Early Years

Data I/O Corporation was established in 1972 in Seattle, Washington. The company initially focused on semiconductor programming and testing solutions. The early product line included programming devices designed to program integrated circuits (ICs) and was pivotal in the development of programmable logic devices.

Public Offering and Growth

In 1981, Data I/O went public, listed on the NASDAQ under the ticker symbol DAIO. The initial public offering (IPO) raised approximately $3 million. Following the IPO, the company expanded its product offerings to include in-circuit programming and automatic programming systems.

Technological Advancements

Throughout the 1990s, Data I/O enhanced its technology portfolio, launching the PS series of programming systems, which integrated advanced software capabilities. By the end of the decade, the company had a significant market presence in the semiconductor programming industry.

Market Performance in the 2000s

In the year 2000, Data I/O reported revenues of $11.6 million. The company faced challenges in the early 2000s, including declining demand and increased competition. In response, Data I/O implemented cost-cutting measures and focused on emerging markets, particularly in Asia.

Acquisition of New Technologies

In 2010, Data I/O acquired assets from the struggling programming company, PLS Development Company, which allowed them to expand their product offerings and enhance their technology base. This acquisition was instrumental in strengthening their position in the market.

Financial Performance and Recovery

As of 2020, Data I/O reported revenues of $15.6 million and a net income of $1.1 million. The company’s recovery was attributed to its focus on innovative programming solutions and customer service enhancement.

Latest Developments

In fiscal year 2021, Data I/O saw a revenue increase of approximately 27% year-over-year, reaching $19.8 million. The net income for the year was approximately $2.4 million.

Current Market Position

As of 2023, Data I/O Corporation continues to be a leader in the semiconductor programming industry, focusing on advanced programming technology and services. The company’s market capitalization is approximately $50 million.

Future Outlook

Looking ahead, Data I/O aims to expand its operations into the automotive and IoT sectors, which are projected to experience significant growth in the coming years. The company is poised to leverage its technology and expertise to capture new market opportunities.

A Who Owns Data I/O Corporation (DAIO)

Shareholder Composition

The ownership structure of Data I/O Corporation (DAIO) is composed of institutional and individual shareholders. As of the latest available data, the distribution is as follows:

Major Institutional Shareholders

The following table details the major institutional stakeholders holding significant percentages of Data I/O Corporation's stock:

Insider Ownership

As of the latest filings, insider ownership is represented by the executive team and board members. Below is the breakdown of significant insider ownership:

Recent Stock Performance

Data I/O Corporation's stock performance provides insight into the company's market standing. Here are key financial metrics from the last fiscal year:

Recent Developments

In recent months, Data I/O has seen changes in its ownership structure due to several factors:

• Acquisition of shares by institutional investors increased by 15% in Q3 2023.
• Insider trades reported a buyback of 50,000 shares in September 2023.
• Annual meeting of shareholders approved a stock option plan impacting ownership distributions.

Conclusion

The data presented highlights the varied ownership landscape of Data I/O Corporation, showcasing a blend of institutional, insider, and individual investor stakes in the company. The company continues to attract interest from investors evidenced by institutional increases and stock performance metrics.

Data I/O Corporation (DAIO) Mission Statement

Company Overview

Data I/O Corporation is a global leader in programming and development systems for Flash memory devices and microcontrollers. The company focuses on providing innovative solutions to exceed customer expectations while ensuring sustainable growth.

Core Values

• Innovation: Empowering customers with cutting-edge technology.
• Customer Focus: Prioritizing customer satisfaction and support.
• Integrity: Upholding ethical standards in all operations.
• Collaboration: Fostering teamwork internally and with partners.

Mission Statement

Data I/O Corporation's mission is to deliver superior programming solutions that enhance the efficiency and reliability of software development and deployment for a diverse range of industries, all while striving for operational excellence.

Financial Performance

As of the latest financial reports for the fiscal year 2022, Data I/O Corporation demonstrated a strong performance with the following key metrics:

Market Position

Data I/O holds a significant position in the semiconductor programming market, with a notable share due to its innovative products. The company competes with major players in the industry, focusing on both quality and technological advancement.

Strategic Goals

• Enhance R&D investment to drive technological advancements.
• Expand global presence through strategic partnerships.
• Increase customer engagement through improved service offerings.
• Achieve annual revenue growth of at least 10% over the next five years.

Customer Segments

The mission of Data I/O Corporation aims to serve a variety of customer segments, including:

• Automotive Electronics
• Consumer Electronics
• Industrial Automation
• Medical Devices
• Telecommunications

Recent Developments

In 2023, Data I/O Corporation launched several new products that support next-generation semiconductor technologies, aligning with its mission to enhance innovation within the programming solutions sector.

How Data I/O Corporation (DAIO) Works

Business Overview

Data I/O Corporation (DAIO) specializes in programming and production solutions for flash memory devices. As of Q3 2023, the company reported a revenue of approximately $11.1 million, marking a year-over-year increase of 22%.

Product Lines

• Flash Memory Programming
• Device Programming Services
• Production Solutions
• Supply Chain and Cloud Services

Financial Performance

In Q2 2023, Data I/O reported a gross margin of 58%. Operating income for the same period was approximately $1.5 million, with a net income of around $1.1 million.

Market Segmentation

Data I/O operates in several market segments which include:

Competition

Competitors in the programming and production solutions sector include:

• Universal Instruments
• Flex Ltd.
• Teradyne, Inc.
• Pick and Place Solutions

Supply Chain Management

Data I/O has established various partnerships to optimize their supply chain, reporting a reduction in lead times by 30% as of 2023.

Recent Developments

In Q3 2023, Data I/O announced a strategic partnership with a leading semiconductor manufacturer, projected to enhance their production capacity by 25%.

Customer Base

The company has a diversified customer base, serving over 700 clients globally, including established names in various sectors such as:

• Apple Inc.
• Samsung Electronics
• Boeing
• General Motors

Research and Development

Data I/O invests approximately 10% of its annual revenue into R&D, focusing on next-generation programming technologies and enhanced software solutions.

Stock Performance

As of October 2023, Data I/O's stock (NASDAQ: DAIO) is trading at approximately $4.50 per share, having increased by 35% over the last year.

Financial Outlook

The company anticipates revenue growth of 15-20% in the upcoming fiscal year, driven by increased demand in automotive and industrial sectors.

How Data I/O Corporation (DAIO) Makes Money

Product Sales

Data I/O Corporation generates a significant portion of its revenue through the sales of its programming systems and related products. In 2022, the company reported revenues of approximately $15.6 million from product sales, representing a year-over-year increase of 10%.

Services and Support

The company also provides a range of services, including maintenance contracts, training, and technical support. In 2022, service and support revenue accounted for approximately $5.2 million, which is around 25% of total revenues.

Market Segments

Data I/O operates in several markets, including automotive, consumer electronics, and industrial applications. The automotive market is particularly noteworthy, accounting for over 30% of the company’s total sales.

• Automotive: 30%
• Consumer Electronics: 25%
• Industrial Applications: 20%
• Telecommunications: 15%
• Other: 10%

Geographical Revenue Breakdown

The geographical distribution of Data I/O’s revenue also plays a crucial role in its financial performance. In 2022, approximately 50% of its sales came from North America, while Europe and Asia made up 30% and 20%, respectively.

Future Growth Opportunities

Data I/O is focusing on expanding its technology offerings, particularly through the development of advanced programming solutions for the Internet of Things (IoT) and increased software sales. The company anticipates growth in these areas to potentially boost revenue by an estimated 15% annually over the next five years.

• IoT Solutions: Potential annual growth of 15%
• Software Sales: Expected to contribute significantly to revenue