| Data I/O Announces Q4 Revenues Up 5.2% |
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| Friday, 22 February 2008 05:52 | |||
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REDMOND, WA – Data I/O Corp., provider of manual and automated device programming systems, announced fourth-quarter 2007 revenues of $7.7 million, up 5.2% sequentially. Net income was $1,090,000, down 32% sequentially. For the year, revenues were $26.8 million, down 7% from 2006. "During the fourth quarter, we again experienced large orders from automotive customers, as well as strong wireless customer business," said Fred Hume, president and CEO. "We were very pleased to announce and ship our new Flash Media Duplication system during the quarter." "We are pleased that our restructuring actions taken in the first half of 2007 were successful in adjusting the expense structure to increase profitability as demonstrated by our third and fourth quarter's results," said Hume.
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| Last Updated on Friday, 22 February 2008 05:53 |
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