DATA I/O CORP 8K

Data I/O Corporation reported stronger Q2 2026 operating performance and liquidity, while advancing a transformational acquisition and a planned purchase of IAR’s embedded software security IP that are expected to significantly expand its scale and security platform capabilities.

Data I/O Corporation (NASDAQ: DAIO) reported its second quarter 2026 results, highlighting a 59% sequential revenue increase to $5.2 million, improved gross margins to 57.0%, reduced operating loss, and breakeven adjusted EBITDA excluding one-time items, supported by cost reductions to under a $22 million annualized COGS and operating expense run-rate. The company strengthened its balance sheet by closing a $9 million direct investment/private placement in May–June 2026, resulting in $10.8 million of cash and the issuance of $6.2 million of convertible debentures that were subsequently converted to preferred equity, eliminating debt after quarter-end. Management emphasized progress on a “transformational” acquisition announced in May that is expected to nearly double annual revenue and be accretive to earnings and cash flow, with exclusivity on the transaction extended through the end of August, and also disclosed its July announcement of an intent to acquire IAR’s embedded software security IP and related assets to build an end-to-end embedded security platform. Operationally, the quarter saw a mix of 55% consumables/services and 45% platform sales, increased bookings of $4.9 million, traction in on-site Programming-as-a-Service, and new customer wins across automotive and diversified technology markets including edge AI and robotics, while net loss widened to $1.6 million due to interest expense from the new convertible debt.

Filing Facts

CIK

351998

Ticker

-

Form

8K

Source Type

sec

Accession

0001654954-26-007525

Alert Tier

7