caLogo
REDMOND, WA -- Data I/O Corp., a maker of manual and automated device programming systems, today announced third-quarter net income of $127,000 on revenues of $6.6 million. For the quarter ended Sept. 30, revenues were flat sequentially and incomes was up 140%.

Fourth quarter revenues are expected to increase significantly, the firm said.
Stronger demand for the company's products resulted in increased unshipped orders, raising backlogs $1.2 million. Gross margins were 57%, down 2.2 points sequentially.

The company is debt-free.

Fred Hume, president and CEO, said, "During the third quarter, our strategy to increase our engagement with the semiconductor manufacturers produced results. A large semiconductor manufacturer purchased an initial automated programming system for factory programming in its Asian facility. We continue to strengthen our three-way relationships with semiconductor manufacturers and global customers."

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account