REDMOND, WA – Data I/O reported fourth quarter net sales of $6.4 million, up 28% year-over-year, a six-year high for the quarter.

The firm attributes sales in part to strong demand for automotive electronics equipment, offset by a decline in the wireless sector.

Net income was $755,000, compared with net income of $338,000 in the fourth quarter of 2015. EBITDA was $962,000, compared to $434,000 in the same period the previous year.

Fourth quarter orders reached the highest level for the period in nine years at $7.4 million, compared to $4.1 million in the fourth quarter of 2015.

Data I/O’s backlog at the end of the quarter was $3.2 million, compared to $700,000 as of Dec. 31, 2015.

Net sales for 2016 were $23.4 million, up 6.4% year-over-year. Orders for 2016 were $26.9 million, an eight-year high, compared to $20.3 million in 2015.

"Data I/O's performance in the fourth quarter and fiscal year ended Dec. 31, 2016 set numerous multi-year records, as the industry is increasingly turning to our automated programming platform," said Anthony Ambrose, president and CEO of Data I/O. "Fourth quarter net income contributed 46% of our total 2016 net income, which reached the highest level since 2010. Full year net income also marked our third consecutive year of profitability.

"The recent four years of revenue growth were the result of a plan we put in place focusing on two key secular growth markets in automotive electronics and Internet-of-Things (IoT). Automotive Electronics orders represented about one half of our total fourth quarter bookings, with the balance of our demand relating to IoT, industrial and other vertical markets.”