Recent Updates — DAIO

Data I/O Corporation entered into a Loan and Security Agreement with Western Alliance Bank on October 26, 2026. The agreement establishes a revolving loan facility of up to $7.5 million, secured by eligible accounts and inventory. Interest is set at the U.S. prime rate plus 1.00%, with a maturity date of October 26, 2028. The company must maintain at least $3.0 million in unrestricted cash and meet a fixed charge coverage ratio of 1.25 to 1.00. Data I/O Corporation designs and manufactures programming and testing equipment for the semiconductor industry.

Data I/O Corporation completed its acquisition of V-Tek Holdings, LLC's subsidiaries for approximately $23 million, consisting of $20 million in cash and $3 million in common stock valued at $2.68 per share. Concurrently, the company closed a private placement raising approximately $13.25 million through the sale of 746,266 shares of common stock and convertible debentures totaling $11.25 million. The proceeds from the financing are intended to fund a portion of the acquisition and for working capital. Data I/O is a global provider of data programming equipment, provisioning services, and security solutions for microcontrollers.

Data I/O Corporation has signed a definitive agreement to acquire V-TEK, Inc., a semiconductor handling manufacturer, and A&J Programming, Inc., a device programming service provider. The total purchase price is approximately $23 million, paid in a combination of cash and company common stock valued at roughly $3 million (approximately 1.12 million shares). The transaction is expected to close this week, subject to customary closing conditions. Data I/O intends to fund the acquisition using proceeds from a concurrent proposed $13.25 million private placement of convertible debentures and equity securities. Data I/O Corporation provides data programming and security provisioning solutions for microcontrollers and memory devices.

Data I/O Corporation reported second quarter 2026 results with revenues of $5.2 million, a 59% sequential increase from the first quarter's $3.3 million. Bookings reached $4.9 million, and gross margin improved to 57.0%. The company incurred a net loss of $1.6 million ($0.17 per share), driven by $873,000 in interest expense from June convertible debt, though adjusted EBITDA was near breakeven at negative $488,000 excluding one-time costs. Cash balances rose to $10.8 million following a $9 million direct investment closed in May and subsequent conversion of the convertible debenture into preferred equity. Strategic progress includes extending exclusivity for a transformational acquisition through August 31, 2026, and announcing an intent to acquire IAR’s embedded software security IP. Data I/O Corporation operates in the semiconductor equipment industry, providing data programming and security provisioning solutions for microcontrollers and memory devices.

Data I/O Corporation announced preliminary second quarter 2026 financial results and rescheduled its full earnings release and conference call to August 12, 2026. The delay is due to an ongoing independent accounting and valuation analysis regarding the treatment of a $9 million direct investment made in May 2026. Preliminary net sales for the quarter ended June 30, 2026, were $5.2 million, representing a 59% sequential increase from $3.3 million in the first quarter. Gross margin improved to 57.1% from 49.5%. Cash holdings rose to $10.8 million at June 30, up from $5.7 million on March 31, reflecting net proceeds from the May investment. Data I/O Corporation operates in the semiconductor and electronics manufacturing industry, providing data programming and security provisioning solutions for microcontrollers and memory devices.

At its 2026 Annual Meeting of Shareholders on July 8, 2026, Data I/O Corporation announced that a $6,825,400 convertible debenture held by a group of Investors (Lytton-Kambara Foundation and Alice W. Lytton Family LLC) has automatically converted into 6,841.33 shares of Series B Convertible Preferred Stock. Shareholders also approved the 2026 Amendment to the 2023 Plan to increase the shareholders' reserved shares for issuance under the share plan. Data I/O Corporation is a provider of semiconductor-related testing and data management software and hardware solutions for the semiconductor industry.