Data I/O Corp 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026 Or 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(I.R.S. Employer (State or other jurisdictionof incorporation or organization) 6645 185th Ave NE, Suite 100, Redmond,Washington, 98052425-881-6444(Address of principal executive offices, including zip code) Securities registered pursuant to Section 12(b) of the Act: 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 filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging 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 April 30, 2026: 9,394,422 DATA I/O CORPORATION FORM 10-QFor the Quarter Ended March 31, 2026 INDEX Part I.Financial InformationPageItem 1.Financial Statements (Unaudited)3Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations16Item 3.Quantitative and Qualitative Disclosures About Market Risk21Item 4. Controls and Procedures21Part IIOther InformationItem 1.Legal Proceedings23Item1A.Risk Factors23Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities23Item 3.Defaults Upon Senior Securities23Item 4.Mine Safety Disclosures23Item 5. Other Information23Item 6. Exhibits24Signatures25 PART I - FINANCIAL INFORMATION DATAI/O CORPORATIONCONSOLIDATED BALANCE SHEETS(in thousands, except share data)(UNAUDITED) Cash and cash equivalents$5,707$7,901Trade accounts receivable, net of allowance for credit losses of $29 and $29, respectively2,3942,841Inventories6,1485,710Other current assets725799TOTAL CURRENT ASSETS14,97417,251 DATAI/O CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share amounts)(UNAUDITED) DATAI/O CORPORATIONCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(in thousands)(UNAUDITED) Net income (loss)$(3,170)$(382)Other comprehensive income (loss):Foreign currency translation gain (loss)54126Comprehensive income (loss)$(3,116)$(256) DATA I/O CORPORATIONCONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY(in thousands, except share amounts)(UNAUDITED) DATA I/O CORPORATIONCONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(UNAUDITED) 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”, the “Company”) is a global market leader for advanced programming, securitydeployment, security provisioning and associated Intellectual Property (“IP”) protection and management solutions used in electronicsmanufacturing with flash memory, microcontrollers, and flash memory-based intelligent devices as well as secure element devices,authentication devices and secure microcontrollers.Customers for our programming system products are located around the world,primarily in Asia, Europe and the Americas. Our manufacturing operations are currently located in Redmond, Washington, UnitedStates and Shanghai, China. We prepared the financial statements as of March 31, 2026 and March 31, 2025, according to the rules and regulations of the Securitiesand Exchange Commission ("SEC").These statements are unaudited but, in the opinion of management, include all adjustments(consisting of normal recurring adjustments and accruals) necessary to present fairly the results for the periods presented.The balancesheet at December 31, 20