DATA I/O CORP

Data I/O Corporation announced the completion of its acquisition of V-TEK, Inc. and A&J Programming, Inc. for a total consideration of $23 million, comprising $20 million in cash and $3 million in Data I/O common stock. This strategic acquisition is expected to double the company's revenue, diversify its revenue streams, and expand its presence into new markets such as data center, AI, and industrial automation. V-TEK will operate as a subsidiary of Data I/O. Additionally, Data I/O filed a Certificate of Designation to create Preferred Stock.

Data I/O Corporation reported strong second quarter 2026 financial results, with revenue reaching $5.2 million, a 59% sequential increase from the first quarter. Gross margin improved to 57.0%, and the operating loss declined. The company also strengthened its balance sheet with a $9 million direct investment, bringing cash to $10.8 million. Strategic initiatives are progressing, including a transformational acquisition expected to nearly double annual revenue and the intent to acquire IAR's embedded software security IP to create an end-to-end security platform.

Data I/O Corporation reported Q2 2026 revenue of $5.2 million, marking a 59% sequential increase from the first quarter, and a gross margin of 57.0%. The company achieved breakeven adjusted EBITDA and significantly strengthened its balance sheet with a $9 million direct investment, boosting cash to $10.8 million. Strategic initiatives are progressing, with a transformational acquisition on track and an intent to acquire IAR's embedded software security IP announced, positioning the company for future growth and an end-to-end security platform.

DATA I/O Corp filed an S-1/A amendment to its registration statement, primarily to update the list of exhibits. The filing includes a legal opinion from Dorsey and Whitney LLP. The amendment also incorporates by reference various corporate documents, including restated Articles of Incorporation, amended Bylaws, preferred stock certifications, rights agreements, and several stock compensation and incentive plans.

DATA I/O Corp has filed an S-1 registration statement for the resale of up to 4,686,371 shares of its Common Stock by existing selling stockholders. The company will not receive any proceeds from these sales, but will bear the registration costs. These shares originated from a private placement completed in June 2026, which raised approximately $8.21 million for the company and involved common stock, convertible debentures, and warrants.

Data I/O Corporation announced preliminary financial results for the second quarter ended June 30, 2026, reporting net sales of $5.2 million, a 59% sequential increase. The company also achieved a gross margin of 57.1% and ended the quarter with $10.8 million in cash. The full second quarter financial results and conference call, originally scheduled for July 30, 2026, have been rescheduled to August 12, 2026, pending the completion of an accounting analysis related to a $9 million direct investment announced in May 2026.

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.