Data I/O Reports Third Quarter 2018 Results

CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
(UNAUDITED)

  September 30,
2018
  December 31,
2017
       
ASSETS      
CURRENT ASSETS:      
Cash and cash equivalents $ 18,902   $ 18,541
Trade accounts receivable, net of allowance for      
doubtful accounts of $52 and $73, respectively   2,824     3,769
Inventories   4,558     4,168
Other current assets   738     708
TOTAL CURRENT ASSETS   27,022     27,186
       
Property, plant and equipment – net   2,023     2,458
Income tax receivable   598     598
Other assets   220     45
TOTAL ASSETS $ 29,863   $ 30,287
       
LIABILITIES AND STOCKHOLDERS’ EQUITY      
CURRENT LIABILITIES:      
Accounts payable $ 1,286   $ 1,301
Accrued compensation   2,211     3,536
Deferred revenue   1,775     1,787
Other accrued liabilities   794     858
Income taxes payable   358     218
TOTAL CURRENT LIABILITIES   6,424     7,700
       
Long-term other payables   414     527
       
COMMITMENTS   -     -
       
STOCKHOLDERS’ EQUITY      
Preferred stock -      
Authorized, 5,000,000 shares, including      
200,000 shares of Series A Junior Participating      
Issued and outstanding, none   -     -
Common stock, at stated value -      
Authorized, 30,000,000 shares      
Issued and outstanding, 8,440,075 shares as of September 30,      
2018 and 8,276,813 shares as of December 31, 2017   19,493     18,989
Accumulated earnings   3,047     2,089
Accumulated other comprehensive income   485     982
TOTAL STOCKHOLDERS’ EQUITY   23,025     22,060
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 29,863   $ 30,287
           

DATA I/O CORPORATION

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