数据输入输出公司 2025年季度报告

FORM10-Q (Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period endedSeptember 30, 2025 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number:0-10394 DATA I/O CORPORATION (Exact name of registrant as specified in its charter) 91-0864123 Washington(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6645 185th Ave NE,Suite 100,Redmond,Washington,98052425-881-6444 (Address of principal executive offices, including zip code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer”, “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Shares of Common Stock, no par value, outstanding as of October 31, 2025:9,391,883 DATAI/O CORPORATION FORM 10-QFor the Quarter Ended September 30, 2025 INDEX Page Part I.Financial InformationItem 1.Financial Statements (Unaudited)3Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3.Quantitative and Qualitative Disclosures About Market Risk22Item 4.Controls and Procedures22Part IIOther InformationItem 1.Legal Proceedings24Item 1A.Risk Factors24Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities24Item 3.Defaults Upon Senior Securities24Item 4.Mine Safety Disclosures24Item 5.Other Information24Item 6.Exhibits25Signatures26 DATAI/O CORPORATIONCONSOLIDATED BALANCE SHEETS(in thousands, except share data)(UNAUDITED) DATA I/O CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share amounts)(UNAUDITED) DATAI/O CORPORATIONCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(in thousands)(UNAUDITED) DATA I/O CORPORATIONCONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(UNAUDITED) CASH FLOWS FROM OPERATING ACTIVITIES:Net income (loss) $(2,486)$(1,911)Adjustments to reconcile net income (loss)to net cash provided by (used in) operating activities:Depreciation and amortization369451Equipment transferred to cost of goods sold59259Share-based compensation539967Net change in:Trade accounts receivable6813,119Inventories471(704)Other current assets7140Accounts payable and accrued liabilities125(1,582)Deferred revenue(336)(68)Other long-term liabilities(581)184Deposits and other long-term assets576(300)Net cash provided by (used in) operating activities(576)555 Net proceeds from issuance of common stock, less payments for shares withheld to cover tax(107)(216)Cash provided by (used in) financing activities(107)(216)Increase (decrease) in cash and cash equivalents(1,035)60 DATA I/O CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) NOTE 1 - DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Data I/O Corporation (“Data I/O”, “We”, “Our”, “Us”) is the leading global provider of advanced security and data deploymentsolutions for microcontrollers, security ICs and memory devices.Customers for our programming system products are located aroundthe world, primarily in Asia, Europe and the Americas. Our manufacturing operations are currently located in Redmond, Washington,United States and Shanghai, China. We prepared the financial statements as of September 30, 2025, and September 30, 2024, according to the rules and regulations of theSecurities and Exchange Commission (“SEC”).These statements are unaudited but, in the opinion of management, include alladjustments (consisting of normal recurring adjustments and