DATA I/O CORP Files SEC form 8-K, Regulation FD Disclosure

Show all filings for DATA I/O CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for DATA I/O CORP 14-Sep-2009Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading ...
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Q3 2009 Data I/O Earnings Release - After Market Close

Earnings Announcements for Monday, October 26CompanySymbolTimeConferenceCallAcura Pharmaceuticals, Inc.ACUR.OBAfter Market CloseADTIYA BIRLA CHEMICALS (INDIA) LTDABCIL.BOTime Not SuppliedAlbemarle CorporationALBAfter Market CloseAlberto Culver Co.ACVBefore Market OpenListenALI CORP3041.TWAfter Market CloseAmerica Movil, S.A. de C.V.AMXAfter Market CloseAmerican Financial GroupAFGAfter Market CloseAmerican National InsuranceANAT3:00 pm ETArch Capital GroupACGLAfter Market CloseListenARRIS Group, Inc.ARRSAfter Market CloseListenAssociated Estates RealtyAECAfter Market CloseAtlas AirAAWWBefore Market OpenListenAXA PROPERTY TRUSTAPT.LBefore Market OpenBanco PopularPOP.MCBefore Market OpenBank of Hawaii CorporationBOHBefore Market OpenListenBar Harbor BanksharesBHBAfter Market Close...
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DATA I/O CORP Files SEC form 8-K, Results of Operations and Financial Condition

Item 2.02 Results of Operation and Financial Condition A press release made on October 26, 2009 follows: Joel Hatlen Data I/O Corporation Vice President and Chief Financial Officer 6464 185th Ave. NE, Suite 101 (425) 881-6444 Redmond, WA 98052 DATA I/O ANNOUNCES THIRD QUARTER 2009 FINANCIAL RESULTS Redmond, Wash., October 26, 2009 - Data I/O Corporation (NASDAQ: DAIO), the leading provider of manual and automated device programming systems, today announced financial results for the third quarter ended September 30, 2009. Revenues for the third quarter of 2009 were $5.3 million, compared with $7.8 million in the third quarter of 2008 and $3.9 million in the second quarter of 2009. In accordance with U.S. generally accepted accounting principles (GAAP), net income in the third quarter of 2009 was $331,000, or $0.04 per share, compared with net income of $1.2 million or $0.13 per diluted share in the third quarter of 2008. Gross margin as a percentage of sales in the third quarter of 2009 was 56.2 percent, compared with 59.7 percent in the third quarter of 2008 and 48.3% in the second quarter of 2009. This gross margin percentage decline compared to the third quarter of 2008 was primarily due to the impact of decreased sales volume relative to fixed operating costs. Our ability to generate a 56.2% gross margin on $5.3 million in sales was due primarily to achieving improved direct material margins and the actions taken over the past year to reduce labor and overhead. Backlog at the end of the quarter was $876,000. Reflecting our continued emphasis on controlling costs and the past year's restructuring actions, operating expenses were $2.7 million for the third quarter of 2009 compared with $3.3 million for the third quarter of 2008. The company's cash position improved by $571,000 during the third quarter, with cash at September 30, 2009 at $15.3 million compared to $11.6 million at Septem...
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Data I/O Earnings Call scheduled for 5:00 pm ET today

Call DetailsData I/O Earnings Conference Call (Q3 2009)Mon, Oct 26, 2009, 5:00 pm EasternAbout Data I/O (NasdaqCM:DAIO)Data I/O Corporation designs, manufactures, and sells programming systems used by designers and manufacturers of electronic products worldwide. The company offers programming systems, including products, systems, modules, and accessories that are used to program integrated circuits. It offers off-line and in-line automated programming systems, such as RoadRunner Series of in-line automated programming systems that feature just-in-time inline programming; PS Series of off-line medium/high volume and high mix systems, which support multiple media types; FLX500, an off-line and moderate volume system that features self-learning plug-and-play operation; and FLX-FMD, an off-line and flash media duplication system for secure data management. The company also provides non-automated programming systems, including FlashPAK I/II, an off-line, low mix, and low volume system that offers network control via Ethernet; and Sprint/Unifamily, an off-line, low volume, and engineering non-automated system. In addition, it offers FlashCORE, a common programming platform; Tasklink, a universal job setup tool; and device support services, which include writing software algorithms for devices, and developing socket adapters to hold and connect to the device for programming, as well hardware support, and system installation and repair services. The company’s device programming solutions allow customers to take intellectual property, including design and data files, and program it into memory, microcontroller, and logic devices. Data I/O Corporation sells its products to wireless and consumer electronics, industrial and control electronics, contract manufacturers, programming centers, and automotive electronics industries. It markets and sells its products ...
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DATA I/O CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations General FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves as long as they identify these statements as forward-looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements other than statements of historical fact made in this Quarterly Report on Form 10-Q are forward-looking. In particular, statements herein regarding industry prospects or trends; expected revenues; expected level of expense; future results of operations, restructuring implications; breakeven point, or financial position; changes in gross margin; economic conditions and capital spending outlook; market acceptance of our newly introduced or upgraded products; development, introduction and shipment of new products; and any other guidance on future periods are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. Although Data I/O believes that the expectations reflected in these forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements, or other future events. Moreover, neither Data I/O nor anyone else assumes responsibility for the accuracy and completeness of these forward-looking statements. Data I/O is under no duty to update any of these forward-looking statements after the date of this report. The reader should not place undue reliance on these forward-looking statements. The discussions above and in the section in Item 1A., Risk Factors "Cautionary Factors That May Aff...
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