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."

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