6 hours ago
Automotive Electronics Sector Recovery Accelerating
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 first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Gross margin as a percentage of sales of 55.5%
Net loss of ($333,000) or ($0.04) earnings per share
Adjusted EBITDA* of $173,000
Cash & Equivalents of $13.6 million; no debt
Automotive Electronics represented 56% of first quarter 2021 bookings
Six new customer wins in the quarter in Asia
Growth in SentriX® Security Deployment Platform supports and design wins
First field upgrade of PSV7000 to SentriX, for a customer in Asia