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Chip Ferrite Beads Market Research Report 2021-2027:
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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 $13.6 million; no debt
Automotive Electronics represented 56% of first quarter 2021 bookings
Six new customer wins in the quarter in Asia
Growth in SentriX® Security Deployment Platform supports and design wins
First field upgrade of PSV7000 to SentriX, for a customer in Asia
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The global automotive electronics market reached a value of US$ 205 Billion in 2020. Automotive electronics are employed in both on-road and off-road vehicles such as trucks, tractors, forklifts, excavators, motorcycles, and hybrid and electric cars. They are primarily used in the functioning of electronic fuel injection, driver assistance and infotainment system to improve the efficiency of the vehicle. For instance, the anti-lock braking system (ABS) prevents vehicles from skidding on slopes and electronic car security locks provide improved security through remote controlled locks and a central locking system. Besides this, automotive electronics also include satellite-controlled devices for traffic surveillance and diagnostic tools to ensure optimum fuel utilization and maintain engine health. Looking forward, the publisher expects the global automotive electronics market to exhibit moderate growth durin