DATA I/O CORP

Data I/O Corporation announced it will host a conference call to discuss its financial results for the second quarter ended June 30, 2026. The call is scheduled for Thursday, July 30, 2026, at 2 p.m. Pacific Time / 5 p.m. Eastern Time. The company plans to release its Q2 2026 financial results after the market closes on the same day. Details for accessing the live call, replay, and webcast were provided.

DATA I/O Corporation's shareholders approved the potential issuance of common stock below the Nasdaq Minimum Price to convertible debenture holders, triggering the automatic conversion of a $6.83 million debenture into 6,841.33 shares of Series B Convertible Preferred Stock. This issuance is exempt from SEC registration. Additionally, shareholders approved an amendment to the 2023 Omnibus Incentive Compensation Plan, increasing the shares reserved for issuance, elected five directors, and ratified Grant Thornton LLP as independent auditors.

Data I/O Corporation announced it has entered into a non-binding Letter of Intent to acquire the embedded software security IP and related assets from I.A.R. Systems AB. This strategic acquisition aims to bring core technology in-house, giving Data I/O direct control over its security provisioning roadmap and enhancing its offering in anticipation of regulations like the EU Cyber Resilience Act. The companies will continue their commercial partnership, ensuring customer continuity and an integrated path from design to manufacturing.

DATA I/O Corporation closed a previously announced $9 million private placement on June 17, 2026. The financing included the issuance of 869,840 shares of common stock, convertible debentures in the principal amount of $6,825,400, and warrants to purchase 1,080,000 shares of common stock. The five-year debentures bear 4.0% interest and are convertible into Series B Preferred Stock, which is convertible into common stock at an initial price of $2.50 per share. The warrants are exercisable at $3.00 per share for five years. The company intends to use the net proceeds for additional working capital, general corporate purposes, and future potential strategic acquisitions.

Data I/O Corporation announced the closing of a $9 million financing deal with two institutional investors. The financing package includes the issuance of 869,840 shares of common stock, approximately $6.8 million in convertible debentures, and warrants to purchase up to 1,080,000 shares of common stock. The company plans to use the net proceeds for additional working capital, general corporate purposes, and future potential strategic acquisitions to accelerate growth and technological innovation.

Data I/O Corporation announced its 2026 Annual Meeting of Shareholders to be held on July 8, 2026. Key proposals include the election of five directors, ratification of Grant Thornton LLP as independent auditors, and amendments to the 2023 Omnibus Incentive Compensation Plan to increase shares available for issuance. Shareholders will also vote on the approval of issuing more than 20% of outstanding common shares to a Private Placement investor and an advisory vote on executive compensation. The Board of Directors recommends a vote FOR all proposals.

Data I/O Corporation corrected its previous release, updating its Q2 2026 sequential growth guidance from 20% to over 50%. The company announced it will present at the Planet MicroCap Las Vegas 2026 Investor Conference, where its CEO will discuss a transformative acquisition expected to nearly double annual revenues and be accretive to earnings and cash flow. The presentation will also cover a $9 million direct investment and Q2 2026 revenue guidance of $5.0-5.4 million.

Data I/O Corporation announced it will present at the Planet MicroCap Las Vegas 2026 Investor Conference, where its President and CEO, William Wentworth, will discuss a recently announced transformative acquisition. This acquisition is expected to nearly double the company's annual revenues and be accretive to earnings and cash flow. Additionally, Data I/O revealed a significant direct investment of $9 million and provided Q2 2026 revenue guidance of $5.0-5.4 million, indicating at least 20% sequential growth.

DATA I/O Corporation completed a private placement, raising $9 million from Lytton-Kambara Foundation and Alice W. Lytton Family LLC. The transaction involved the sale of 869,840 shares of common stock, convertible debentures totaling $6,825,400, and warrants to purchase 1,080,000 shares of common stock. The debentures carry a 4.0% interest rate and are convertible into Series B Convertible Preferred Stock, which accrues 4% dividends. The warrants are exercisable at $3.00 per share for five years, with all securities subject to beneficial ownership and issuance caps.

Data I/O experienced slower revenue growth in the first quarter of 2026 due to slower uptake of new initiatives, though momentum improved towards quarter-end. U.S. net sales significantly increased by 132.1% to $1.755 million, while international net sales decreased by 72.4% to $1.495 million, and platform sales fell by 79.5% to $0.625 million. The company initiated cost realignments, including strategic changes in its Germany office, incurring over $1 million in employee-related costs. Additionally, Data I/O announced a strategic partnership with IAR in the security space to expand market reach.