REDMOND, WA – Data I/O Corp. reported second-quarter revenues were $3.9 million, down 51% year-over-year and 11% sequentially.
Net loss for the quarter was $683,000, compared to net income of $1.2 million in the second quarter of 2008.
"While orders were down substantially from the second quarter of last year in all geographies, we were pleased to see growth over the first quarter in both Asia and the Americas. Orders from Asian customers were up over 100% from the first quarter, and orders from customers in the Americas were up 16%," said Fred Hume, president and CEO. "Orders from customers in Europe, especially in the automotive business, continued the expected downward trend. They were down 33% compared with the first quarter of 2009. At the start of the third quarter, we are seeing some improvement in orders and are seeing progressively stronger worldwide sales funnels now in the third quarter."
Data I/O provides manual and automated device programming systems.