REDMOND, WA – Data I/O announced net sales of $7.3 million in the fourth quarter, up 14% compared to the $6.4 million in sales in the fourth quarter of 2021.

For all of 2022, net sales were $24.2 million, down 6% from $25.8 million in 2021, reflecting lockdowns/port closures in China and global supply chain shortages negatively impacting financial results through the first half of the year and strength of the US dollar as compared with foreign currencies, the company said.

"Our performance in the second half of the year rebounded sharply from challenging global business conditions in the first half, as we continued strong sales and operational momentum from the third quarter," said Anthony Ambrose, president and CEO. "Revenue increased 14% in the fourth quarter, year over year. For the fifth consecutive quarter, we achieved bookings in excess of $6.0 million, with fourth quarter 2022 bookings of $6.8 million reaching the highest level for the fourth quarter since 2019. Backlog at the end of 2022 was $4.8 million. Demand is being driven by the continuing recovery in the automotive electronics market, strength in the industrial sector, and recovery in Europe."

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