Data I/O Corporation

Good afternoon, and welcome to the Data.io first quarter 2025 financial results conference call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I would now like to turn the conference over to Mr. Jordan Darrow, Investor Relations. Please go ahead, sir.

Thank you, operator, and welcome to the Data.io Corporation first quarter 2025 financial results conference call. With me today are the company's president and CEO, Bill Wentworth, and Chief Financial Officer and Vice President, Gerald Ng. Before we begin, I'd like to remind you that statements made in this conference call concerning future events, results from operations, financial position, markets, economic conditions, supply chain expectations, estimated impact of tax and other regulatory reform, Product releases, new industry participants, and any other statements that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors also include uncertainties as the impact of global and geopolitical events, international trade regulations, order levels for the company and the activity level of the automotive and semiconductor industry overall, ability to record revenues based on the timing of product deliveries and installations, market acceptance of new products, changes in economic conditions and market demands, part shortages, pricing, and other activities by competitors and other risks, including those described from time to time in the company's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission, press releases, and other communications. The accuracy and completeness of forward-looking statements should not be unduly relied upon. Data.io is under no duty to update any forward-looking statements. And now I'd like to turn the call over to Bill Wentworth, President and CEO of Data.io.

Jordan, thanks a lot. Thank you for the people joining on the call. It's always great to get a great audience, so looking forward to some questions after the call as well. We're pleased to announce the data our team has reversed the 2024 trends with revenue coming in at 6.2 million, up 19% over the previous quarter through four. Bookings up 4.6, up 11%. As we're all aware, the tariff discussion has been front and center since the beginning of March. You know, it has had, obviously, everybody reads the headlines and reads the news. It's had some, you know, I'd say stalling some investments, maybe sitting on some of those decisions. We are constantly communicating with our customers weekly, almost in some cases daily, because there are some orders that we've been tracking since the beginning of the year. I would say Asia was off to a slow start. That was really due to kind of a late Chinese New Year this year, but also they had a pretty good year last year. Looking at their forecast for this year, we still see them holding. Again, you know, tariffs are going to play a big role in that, you know, and depending on how those go, we'll dictate some of that. We'll get into any questions around tariffs, definitely in the open questions, we're very prepared to talk about how we're getting around those issues in the supply chain. The team has done a phenomenal job really putting together various different pathways to still be able to deliver product and not have a major, major tariff impact. The next would be really some several announcements we'll be making over the next two to three quarters. And this really comes from the last six months of discovery work, really looking through our technology platform and programming platform. We do have a new product roadmap that we'll be rolling out that will be very detailed in the next quarter or two. Strategic investments for growth and productivity improvements. The other notable thing over the last literally six to eight weeks has been our discussions with semiconductor companies. We'll be talking about this probably by the end of Q2, some of the strategic relationships that we're forging with these companies. And this is something Datarao did years ago. And I will tell you, the conversations have been quite substantial and quite fruitful and is really going to set us up for real good growth and being able to be that recommended partner, technology partner for the semiconductor houses that produce programmable technologies. Diversity in customer segments, you know, we've talked a lot about in the past automotive and IoT. You know, interesting in some geos, those two segments, verticals, especially automotive, are stronger than you would expect given what's going on around the world, especially domestically. Whereas such in China, we have domestic manufacturing in mainland China, which that's one of the areas such as their EV market has remained fairly strong. Customer diversity in segments such as industrial, service provider networks, which would be franchise distribution. We haven't really gone to those markets too strong yet because we're developing new products that will fulfill their product needs for the technologies that they sell, and we see that coming in the coming quarters. Coming off the IPC APEX show in March, where we refreshed our manual product line, introduced the new Luminex M8 and the Flash Core 3 M4. These are really reskins of existing technology, but adding some software to make it more functional within engineering departments. I will say it was the best trade show we've had in APEX since 2013. It was a really, what really was great to see was just the activity around our booth. And we had our competitors within line of sight of our booth. And qualified leads were up 39%, which this is based on flat attendance from last year. New contacts were up 18% from 2024. These are just great metrics. And it really brought to light the consultative discussion we're having around the whole supply chain for how you program parts, how you manage the technology, how you move from engineering to production to final inspection to rework of products that may come back for rework. So we believe this, although a small sample, we believe that this consultative approach will be a big part of our growth engine in the future. It certainly made its mark there. I'd like to turn the discussion over to Jerry Ng and talk about our financial results.