Data I/O Corp
NASDAQ:DAIO
Intrinsic Value
Data I/O Corp. engages in the provision of manual and automated security provisioning and device programming. [ Read More ]
The intrinsic value of one DAIO stock under the Base Case scenario is 4.22 USD. Compared to the current market price of 3.53 USD, Data I/O Corp is Undervalued by 16%.
Valuation Backtest
Data I/O Corp
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Fundamental Analysis
Data I/O Reports 16% Revenue Growth in 2023
2023-Q4 Earnings Call
Data I/O Corporation showcased robust financial performance in 2023, with revenues climbing 16% to $28.1 million, attributed to the flourishing automotive electronics and IoT sectors, and a solid year-start backlog. The company also saw a return to profitability, with an increase in net income by $1.6 million over the previous year, settling at $486,000. Operating efficiency gains led to an uptick in gross margins by 3 percentage points to 58%, and operating expenses trended down from $4.2 million to $3.8 million through effective cost controls. With capital management improvements like lower inventories contributing to a favorable cash position, and strong operational leverage, Data I/O posted an EBITDA of $2.3 million for the year, a $1 million improvement over 2022. Looking forward to 2024, the firm expects continued growth with double-digit bookings growth forecasted, primarily occurring in the latter half. Maintaining operational discipline, Data I/O projects an operating expense consistent with or slightly lower than the previous year and anticipates mid- to high 50% gross margins for the year.
Balance Sheet Decomposition
Data I/O Corp
Current Assets | 24.6m |
Cash & Short-Term Investments | 12.3m |
Receivables | 5.7m |
Other Current Assets | 6.6m |
Non-Current Assets | 2.8m |
PP&E | 1.4m |
Other Non-Current Assets | 1.4m |
Current Liabilities | 6.2m |
Accounts Payable | 1.3m |
Accrued Liabilities | 3.4m |
Other Current Liabilities | 1.5m |
Non-Current Liabilities | 894k |
Other Non-Current Liabilities | 894k |
Earnings Waterfall
Data I/O Corp
Revenue
|
28.1m
USD
|
Cost of Revenue
|
-11.9m
USD
|
Gross Profit
|
16.2m
USD
|
Operating Expenses
|
-15.7m
USD
|
Operating Income
|
448k
USD
|
Other Expenses
|
38k
USD
|
Net Income
|
486k
USD
|
Free Cash Flow Analysis
Data I/O Corp
What is Free Cash Flow?
DAIO Profitability Score
Profitability Due Diligence
Data I/O Corp's profitability score is 45/100. The higher the profitability score, the more profitable the company is.
Score
Data I/O Corp's profitability score is 45/100. The higher the profitability score, the more profitable the company is.
DAIO Solvency Score
Solvency Due Diligence
Data I/O Corp's solvency score is 74/100. The higher the solvency score, the more solvent the company is.
Score
Data I/O Corp's solvency score is 74/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
DAIO Price Targets Summary
Data I/O Corp
According to Wall Street analysts, the average 1-year price target for DAIO is 6.63 USD with a low forecast of 5.05 USD and a high forecast of 8.4 USD.
Ownership
DAIO Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
DAIO Price
Data I/O Corp
Average Annual Return | -7.01% |
Standard Deviation of Annual Returns | 16.23% |
Max Drawdown | -64% |
Market Capitalization | 31.8m USD |
Shares Outstanding | 9 020 000 |
Percentage of Shares Shorted | 0.09% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Data I/O Corp. engages in the provision of manual and automated security provisioning and device programming. The company is headquartered in Redmond, Washington and currently employs 95 full-time employees. The firm's solutions are used in electronics manufacturing with flash memory, microcontrollers, and flash memory-based intelligent devices as well as secure element devices, authentication devices and secure microcontrollers. The company designs, manufactures, and sells programming and security deployment systems and services for electronic device manufacturers. Its programming solutions include a range of products, systems, modules and accessories, which are grouped into two categories: automated programming systems and manual programming systems. The firm provides two categories of automated programming systems: off-line and in-line. Its products include PSV Handlers, SentriX Security Deployment System, RoadRunner & RoadRunner3 Series Handlers, LumenX Programmer and FlashPAK III programmer.
Contact
IPO
Employees
Officers
The intrinsic value of one DAIO stock under the Base Case scenario is 4.22 USD.
Compared to the current market price of 3.53 USD, Data I/O Corp is Undervalued by 16%.