Data I/O Corporation (DAIO)

[hweb2]

So many stocks are flying lately in this red hot market, no news needed. Congrats on today's pop!

[wadirum1]

So, DAIO languishes down around $3 all this time and then suddenly rockets up. Was there news I missed? Someone put it on a list of stocks to buy?

Maybe word of something leaked out?

Stock should be up above $5 IMHO. Market leader in security for internet of things. They will eventually figure out how to turn a profit from their position, and in the meantime about half their market value consists of cash.

[wadirum1]

Got a lot of cash these days. I hate the valuations of the overall market, but I couldn't keep myself from doubling down at $3. Security of the internet of things is a huge growth area, and the market will eventually catch on. DAIO has bottomed and is now going to head back up barring a complete market meltdown.

[barnyarddog]

https://www.dataio.com/Industries/Automotive-Electronics

[wadirum1]

I've been buying DAIO today.

Market cap is now less than cash plus net receivables. So, you get a leading-edge internet of things security company for free.

[wadirum1]

Broke through 200-day MA today.

DAIO going to $7 this year.

Happy New Year!

[wadirum1]

DAIO moving toward a higher high.

[wadirum1]

Thanks. That's great to see.

They seemed quietly confident on the conference call. This has grown to be a pretty big position for me. I'm in the green on 2 of my 3 accounts where I've stashed DAIO shares.

[linuspop]

Those insider buys (by director John Delafield) seems to have signaled a bottom: https://www.nasdaq.com/market-activity/stocks/daio/insider-activity

[Bayguy]

LOL. That’s why I’m holding this long term! Their day will come.

[wadirum1]

Nice to see someone else following this stock.

Today's action seems so absurd, but typical. Another award and another drop in share price...

Sheesh!

[Bayguy]

I’m a believer. Holding strong

[wadirum1]

DAIO bumps in the road on earnings have offered investors a great opportunity to pay really low prices for a technology leader. This will easily double once they get orders back on track.

[whytestocks]

News: $DAIO Data I/O Demonstrates Programming Technology Leadership for Automotive Applications at productronica

4x programming performance increase for Universal Flash Storage (UFS) programming on LumenX & presentations on best practices for automotive & Internet-of-Things Data I/O Corporation (NASDAQ: DAIO), a leading global provider of advanced data programming and security deployment...

In case you are interested DAIO - Data I/O Demonstrates Programming Technology Leadership for Automotive Applications at productronica

[wadirum1]

I've been buying DAIO at a 20 percent discount to the average price the company has been paying to buy back their own shares.

Gotta believe that will pay off eventually.

[wadirum1]

WTH is going on with DAIO?

Cash and near-cash assets now constitute well over half of the market cap.

[wadirum1]

DAIO chart looking sweet.

[wadirum1]

Glad to see Ambrose has been able to help CLOK around. I had my doubts about why he would join the board of such a troubled company, but now I see that he viewed CLOK as an opportunity to help change a company. And perhaps there is something CLOK can produce that is of value to DAIO?

In any event, some of you all over at CLOK might want to take a look at DAIO. Unlike CLOK, DAIO has a track record of profits, a ton of cash in the bank, and a record of sound governance. These prices are absurdly low.

Wadi

[wadirum1]

DAIO chart looking very favorable here. Glad I've loaded up.

[wadirum1]

Wow. $3.75. Cash + accounts receivable accounts for 2/3 of market cap.

I would love to see the company buying shares at this price.

[wadirum1]

Bought 500 more.

Correction, 300 more. Order didn't fill all the way.

[wadirum1]

If this drops to the 3s, I will buy even more.

[wadirum1]

Just bought 2K at $4.01.

[Bayguy]

Thanks for the good post

[linuspop]

Yesterday's report was pretty weak but they did manage to eke out a small profit (they reduced spending to make that happen). Backlog numbers were not that encouraging so I expect a breakeven-ish Q in 3 months. Sentrix is slow-going but the partnerships are in place if and when...
2 new customer wins is a positive development.

This is going to be a case of lots of pent-up demand will result in a flurry of orders at some point. Lumpy Q's.

The balance sheet is very strong and the company continues its share repurchase, so there is a floor. A great buy in the $3's, imo, and wait it out until things get better.

[wadirum1]

Any thoughts on DAIO?

I don't care for the company Ambrose chose to be on the board of.

But DAIO has $19M in cash and receivables. And that is well over half of its market cap.

I just bought some more.

[vCISO]

Anthony Ambrose is now on the board at an unhackable encryption company.

Cipherloc Appoints Anthony Ambrose to the Board as Independent Director

SCOTTSDALE, AZ – June 14, 2019 – Cipherloc Corporation (OTCQB:CLOK), a provider of highly secure, quantum-safe data protection technology, today announced the appointment of Anthony Ambrose as an independent director effective June 13, 2019.

For the past six years, Mr. Ambrose has served as a director, President and Chief Executive Officer of Data I/O, the leading global provider of advanced data and security programming solutions, and a Nasdaq listed company (NASDAQ: DAIO). Prior to Data I/O, Mr. Ambrose was Owner and Principal of Cedar Mill Partners, LLC, a strategy consulting firm since 2011. From 2007 to 2011, he was Vice President and General Manager at RadiSys Corporation, a leading provider of embedded wireless infrastructure solutions, where he established the telecom platform business and grew it to over $125M in annual revenues. He was previously general manager and held several other progressively responsible positions at Intel Corporation, where he led development and marketing of standards-based communications platforms and grew the industry standard server business to over $1B in revenues. Mr. Ambrose has a Bachelor of Science degree in Engineering from Princeton University.

“I am excited to welcome Anthony to our Board of Directors as we continue our momentum toward enhanced corporate governance and a major exchange uplisting,” said Michael DeLaGarza, Chairman and Chief Executive Officer. “Anthony brings extensive technology industry operating experience as well as a background in strategy development, business management, security provisioning and corporate governance. As CEO of a well-regarded Nasdaq listed company, we look forward to his insights and experience that will benefit our continued growth and development as we roll out Cipherloc’s comprehensive security and encryption technology platforms.”

Said Mr. Ambrose, “I am excited to join the Cipherloc Board of Directors as it brings to market the strongest Quantum resistant security and encryption solutions for both commercial and government applications. As CEO of Data I/O, I am uniquely familiar with the need to improve security and encryption capabilities across many unique and valuable markets. I look forward to working with the board and management team to further drive growth and market penetration of Cipherloc’s best-in-class security and encryption platforms.”

About Cipherloc Corporation (OTCQB: CLOK)

Cipherloc Corporation is a data security solutions company whose vision is simple – Protect the World’s Data. Our highly innovative solutions are based on our patented Polymorphic Cipher Engine, which is designed to enable an ironclad layer of protection to be added to existing products, services, or applications. We deliver solutions that are highly secure, synergistic, and scalable. In short, we keep information safe in today’s highly dangerous world. For further information, please go to www.Cipherloc.net.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

The information found in this Press Release does not and shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction based upon the information found in this Press Release.

Investor Contact:
Matt Kreps
Darrow Associates Investor Relations
214-597-8200
[e-mail]

[wadirum1]

Wow, so someone dropped a couple of large market orders at the closing bell. Strange things are happening with DAIO.

[wadirum1]

At this point, I'm hoping DAIO drops under $4 so I can buy a ton more for really cheap. This is just stupid IMHO.

[wadirum1]

Someone just proved that if you dump $50K to $100K worth of shares in a market order, you'll get a low price for your shares.

[wadirum1]

DAIO testing its 50-day MA. Will the bullish case, based on the golden cross, remain intact? Or was this all just a head fake and this award-winning company is simply going to keep on falling?

I'm very, very long.

[wadirum1]

Last few hours of trading until DAIO announces results.

Part of me hopes they stumble a bit and the stock tanks. I have a lot of shares, but I'd be happy to buy more if they get cheap enough.

Or, I'd love to see them crank some great numbers.

Either way, I'm feeling good about this company long term.

[wadirum1]

Bought another 2K near the close at 6.06.

I like owning cash-rich companies that are profitable and winning awards in a fast-growing space like security for the internet of things.

[MrT11]

Yes I'm still in. I had added a few times I think toward the end of October
This week I sold a few because I'm not sure of the upcoming quarter. I still have a core position and am hoping to add to it is the price goes lower after 2/21. I think this is a 5 + year hold. JMO

[wadirum1]

You still in? Added to that starter position?

Seems to me this is heating up. Heading back up over $10?

[wadirum1]

DAIO getting close to a golden cross (50-day MA crossing 200-day MA from below). I have continued to accumulate.

[MrT11]

I bought a starter position this week. Just wanted to know your thoughts,
Also Linuspop if he reads this. TIA

[wadirum1]

So, DAIO's ADX-PPO pincher did in fact pinch yesterday. One of the strongest chart formations in my knowledge. Maybe the bottom is in and DAIO can start a long-term upswing?

[wadirum1]

DAIO just about to pinch:

[wadirum1]

Much appreciated. A 1-2 year time frame works for me. Chart looks like it could perhaps drop a bit more. If so, I'll add gradually.

[linuspop]

DAIO was my top holding in 2017. It got overextended and I sold most of my shares $12-$16 with the intent of buying back cheaper. I was disappointed with last Q's backlog and figured they will report a weak upcoming Q, so I sold most of my remaining shares @ $8-9 and havent re-bought a large position yet. Still have some but definitely looking to add.

They have 3 quarters of difficult comps ahead of them - and this Q is going to be weak based on backlog numbers - so I am waiting to see what the report brings before adding. On the positive side, I wouldnt be surprised if they gave upbeat commentary and reinstated the buyback with their cash horde (CFO said "stay tuned" re: buyback on the last call). That could keep the stock from falling if the numbers are as bad as I fear. Backlog and outlook will be key and I have no idea how that will look.

I am still very positive about the medium term outlook. Demand for automotive programming continues to increase so sales are bound to pick back up sooner or later. Then the IoT security is exciting with their partnerships and revenue recognition model. I think - looking out a year or two - the $6s will be a very good buy. Just not sure how soon the ascent will begin.

[wadirum1]

Are you still in DAIO? I just took a small starter position.

[linuspop]

Considering Secure Thingz and IAR Systems are in bed together, I figured we would hear about a DAIO/IAR partnership sooner on later. Well, it happened.

https://www.iar.com/investors/press/?releaseId=2825618

Not sure what the numbers will look like this week, but I still like the medium/longer term outlook here.

[southacresdave]

Great move today! I will admit I took profits in the very high $11s. I will be back if the stock drops. I think there is a strong future here for sure. I just didn't think the earnings report was worthy of the stock being so high. The bookings for 3rd Q was lower than I expected/wanted. I'd of held my shares if it had been above $10M. With it in the low $8M range I think it means 4th Q will have revenue around $8M. I think that knocks the stock back eventually. I will load up again later (hopefully).

[linuspop]

More news out today.

Data I/O Announces SentriX™ Secure Provisioning Support for Maxim’s DeepCover® Secure Authentication ICs
Monday, October 23, 2017

Data I/O Announces SentriX™ Secure Provisioning Support for Maxim’s DeepCover® Secure Authentication ICs
 
SentriX™ Platform enables a cost-effective hardware based security approach for IoT OEMs and electronic manufacturers of all volumes
 
Redmond, WA, October 23, 2017 – Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced data, security provisioning and programming solutions for flash, flash-memory based intelligent devices and microcontrollers, announces security provisioning support for the DS28C36 and DS2476 DeepCover® secure authentication ICs from Maxim Integrated Products, Inc. (NASDAQ: MXIM) on the SentriXTM Security Provisioning Platform.

OEMs for internet of things (IoT) are increasingly concerned with the risk of IP theft, product cloning and system hacking by nefarious actors exploiting vulnerabilities found in modern connected devices.  Attacks on connected products used in building automation, smart grid and commercial applications have led to billions of dollars in lost revenue, brand credibility and consumer confidence.  Many security experts agree that software methods alone are insufficient to protect devices from increasingly sophisticated hackers.  The best method to prevent attacks is for OEMs to design hardware based security directly into their products.

“As the IoT market grows and attacks become increasingly prevalent, OEMs of all sizes must have a cost-effective and integrated method to enable hardware based security,” said Anthony Ambrose, President and CEO of Data I/O Corporation.  “The SentriX Platform provides a trusted and secured provisioning solution for any company to embed a hardware based root-of trust in silicon in the manufacturing flow for their IoT products without a minimum quantity to meet.  We are excited for this collaboration with Maxim Integrated, a leader in security enabled silicon devices, to support security provisioning for their devices on the SentriX Platform and enable OEMs of all size and volumes to secure their connected devices from design through manufacturing.”

“Maxim’s DeepCover DS28C36 and DS2476 devices solve a wide range of security issues for connected devices including product quality/safety, counterfeit prevention, secure download/boot, and IoT device integrity and authenticity,” said Scott Jones, Managing Director, Embedded Security at Maxim Integrated. “Through our collaboration with Data I/O, we are providing customers with trusted products and a secure provisioning process from product design through manufacturing.”
Authentication ICs, like these two Maxim DeepCover devices, enable hardware based security to provide trust, protect IP and secure communications.  These devices enable mutual authentication of an IoT product with an OEM’s service infrastructure so both the device and the service can ensure each other’s identity.  Companies can personalize these devices by provisioning them with asymmetric keys, symmetric keys and certificates.  This process of provisioning enables OEMs to add their own unique identity to an embedded, hardware based root-of-trust.  An IoT product secured in this way enables OEMs  to provide secure updates to their products in the field, as well as secure their supply chain from counterfeits and clones.  These authentication ICs, combined with an integrated and cost-effective security provisioning process, enable customers of all size and volumes to secure their products.

Data I/O has collaborated with Maxim to support personalized, secure provisioning of Maxim’s DS28C36 and DS2476 DeepCover ICs on the SentriX Platform.  The SentriX Platform is a highly flexible cost-effective security provisioning and data programming system for authentication ICs, secure elements and secure microcontrollers.  The SentriX Platform enables a strong foundation of security by provisioning a hardware based root-of-trust during the manufacturing process. 

Because the need for security is so high, the market for secure elements and secure microcontrollers is anticipated to grow to 4 billion units in the next 5 years.   Many security experts agree the best way to ensure better IoT security is to embed hardware based roots-of-trust early in the design and manufacturing stage.  Data I/O’s SentriX platform delivers a comprehensive and cost-effective ecosystem to provision roots of trust in security conscious markets such as automotive and IoT.  The SentriX Platform is available today.  Learn more at www.dataio.com/sentrix.

Learn more about Maxim DeepCover devices at: https://www.maximintegrated.com/en/products/digital/embedded-security/deepcover.html

[southacresdave]

linuspop...thanks. I like the last 30 seconds of the podcast "we are public with our relationships with Renesas, Infineon, EBV, but stay tuned for more announcements shortly."

[linuspop]

2 new things:

good overview of why hardware-based security is better than software-based (more partnership announcements to come)

1. https://soundcloud.com/embedded_comp/five-minutes-withanthony-ambrose-president-and-ceo-data-io

2. Data I/O to Showcase SentriX™Security Provisioning Technology and ConneXTM Smart Programming Software for Automotive Applications and Smart Factory

Oct 19, 2017

Data I/O to Showcase SentriX™Security Provisioning Technology and ConneXTM Smart Programming Software for Automotive Applications and Smart Factory Initiatives at productronica

Security provisioning technology and comprehensive traceability software application designed to meet stringent automotive electronics

Redmond, WA, October 2017 – Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced data and security programming solutions for flash, flash-memory based intelligent devices and microcontrollers, will showcase the new SentriX™ Security Provisioning Technology and ConneXTM smart programming software at the international productronica trade show November 14th- 17th in Munich, Germany at Hall A2, Booth 205.

Driverless technology is quickly advancing with industry experts anticipating millions of fully autonomous cars on the road within ten years. As sophisticated hackers exploit vulnerabilities in connected devices, OEM’s are concerned with securing the electronic systems.

“The rapid growth of the automotive electronics systems for the connected car and smart IoT devices is creating demand for hardware based security, extensive traceability, process monitoring and predictive analytics,” said Anthony Ambrose, President and CEO of Data I/O Corporation. “Automotive electronics manufacturers demand secure products with robust traceability for each programmed product. This information must be seamlessly and easily integrated into their existing factory management systems to ensure highest quality of their mission critical products. The SentriX Platform provisions authentication ICs, secure elements and secure microcontrollers to enable immutable roots-of-trust for hardware based security. ConneX smart programming software supports Industry 4.0 Initiatives by delivers real-time comprehensive traceability and process monitoring for the smart factories of today and tomorrow.”

The SentriX Platform is a highly flexible cost-effective security provisioning and data programming system for authentication ICs, secure elements and secure microcontrollers. The SentriX Platform enables a strong foundation of security by provisioning a hardware based root-of-trust during the manufacturing process. SentriX delivers a comprehensive and cost-effective ecosystem to provision roots of trust in security conscious markets such as automotive and IoT.

ConneXTM software integrates Data I/O’s PSV automated programming systems and SentriX Security Provisioning system into the manufacturing environment. ConneX software extracts detailed data for each device programmed including programming performance and device characteristics for comprehensive component level traceability in real time.

The PSV family is Data I/O’s fastest ramping automated programming systems series with over 150 systems sold worldwide. The PSV family includes the PSV7000, PSV5000 and PSV3000. The PSV family offers customers a range of automated programming systems to support their throughput and quality requirements with industry leading speed and flexibility for the lowest total cost of ownership.

[southacresdave]

Another thing DAIO has going for it is that as they approach $100M in marketcap the likelihood of picking up an analyst or two goes way up. There aren't many Nasdaq companies at that level that aren't followed by some firm. This is important as it could start to put a forward p/e on the stock as the story plays out more.

[value1008]

Not sure DAIO will see buyers move it up to over $10 in anticipation of either earnings or guidance and growth-prospects for Q4 and 2018, but just looking at the chart, the last time the RSI was at this same level of 54s a month ago, back around Sept. 14, the shareprice was down in the $8.30s - $8.50s.

So if/when RSI were to again surpass the 70-75 level (e.g., with buyers anticipating strong 2018 earnings, another partnership or two, and SentriX), it's easy to see that, chart-wise, DAIO could easily be in upper $10s or over $11.

As one can see, the recent dip to the 8.50s represented a very robust "V-shaped" plunge to test the rising 50dma, and now stock is up around the 20dma, and perhaps gathering steam to challenge the $10 level. It had no trouble surpassing $10 in previous weeks, so i'm thinking it will again this time, probably some time next week. Furthermore, any move above $10 will trigger the Parabolic-SAR back to "Buy" (currently it's in "sell" mode, but the "dotted line" is falling fast, presently at 10.01; it will be in the upper 9.90s next week).

Anyway, so much for technicals. We know the fundamentals here are sound, very sound.

[value1008]

Fwiw, the short interest on DAIO has come way down, to 56k shares as of the period ending Sept., half of what it was for the period ending Aug. 15 (112k shares short).

I would imagine some of those 56k shares short have been reduced further after the pps dip to $8.50s on Monday (where i was able to nab some shares and re-enter this one after playing for a swing trade earlier from $7.26 to $9.02).

http://www.nasdaq.com/symbol/daio/short-interest