Data I/O Q1 loss widens; signs $23M acquisition LOI, raises $9M; Q2 rev guidance ~20% growth

DATA I/O CORP

Q1 revenue $3.3M (down 47% YoY); net loss $3.2M ($0.34/sh) vs loss $0.04/sh; adjusted EBITDA ($1.75M).
LOI to acquire semiconductor handling/packaging firm for ~$23M (cash + up to $3M stock); close expected Q3 2026.
Raised $9M via private placement: 869,840 shares, $6.8M convertible debentures (4%, 5-yr), warrants at $3.00.
Q2 revenue guidance $5.0-5.4M (~20% sequential growth from Q1); organic growth for 2026 over 2025 expected.
Cash $5.7M at March 31, 2026; no debt; $9M investment strengthens balance sheet and funds acquisitions.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DATA I/O CORP reported first quarter ended March 31, 2026 results: revenue $3.3 million. Guidance raised.

Period: first quarter ended March 31, 2026
Revenue: $3.3 million
Guidance: raised
Result: preliminary results

Exact text from the filing

on an organic basis. Costs are coming down, customer activity is building, and we are executing against a plan that is tracking nearly one year ahead of schedule. Revenue of $3.3 million and continued negative Adjusted EBITDA are consistent with where we are in the recovery curve. What gives us confidence in the trajectory is the demand environment: customer

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accession 0001654954-26-005003

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