<SEC-DOCUMENT>0000351998-22-000012.txt : 20220729
<SEC-HEADER>0000351998-22-000012.hdr.sgml : 20220729
<ACCEPTANCE-DATETIME>20220729092522
ACCESSION NUMBER:		0000351998-22-000012
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220728
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20220729
DATE AS OF CHANGE:		20220729

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DATA I/O CORP
		CENTRAL INDEX KEY:			0000351998
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				910864123
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			1211

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10394
		FILM NUMBER:		221117824

	BUSINESS ADDRESS:	
		STREET 1:		6645 185TH AVE NE, SUITE 100
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052
		BUSINESS PHONE:		4258676922

	MAIL ADDRESS:	
		STREET 1:		6645 185TH AVE NE, SUITE 100
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_july2022q2results.htm
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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>UNITED STATES </FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Washington, D.C. 20549</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>CURRENT REPORT</FONT></B></P></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Date of Report </FONT></B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>(Date of earliest event reported)</FONT><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>: July 28, 2022</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Data I/O Corporation</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>(Exact name of registrant as specified in its charter)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Washington</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>0-10394</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>91-0864123</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>(IRS Employer Identification No.)</FONT></P></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>6645 185th Ave. N.E., Suite 100, Redmond, WA 98052</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>&nbsp;(425) 881-6444</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>&nbsp;Not Applicable</FONT></B></P></TD></TR>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>&#9633; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>&#9633; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>&#9633; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>&#9633; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Securities registered pursuant to Section 12(b) of the Act: </FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: calibri; LINE-HEIGHT: 115%">Title of each class</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: calibri; LINE-HEIGHT: 115%">Trading Symbol(s)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: calibri; LINE-HEIGHT: 115%">Name of each exchange on which registered</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: calibri; LINE-HEIGHT: 115%">Common Stock</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: calibri; LINE-HEIGHT: 115%">DAIO</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: calibri; LINE-HEIGHT: 115%">NASDAQ</FONT></P></TD></TR>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>Emerging growth company &#9633;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act &#9633;</FONT></P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Items reported in this filing:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Item 2.02 Results of Operation and
Financial Condition</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Item 9.01 Financial Statements and
Exhibits</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">______________________________________________________________________________________________________</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Item 2.02 Results of Operation and
Financial Condition</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">A press release
announcing second quarter 2022 results was made July 28, 2022 and a copy of the
release is being furnished as Exhibit 99.0 in this current report.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">______________________________________________________________________________________________________</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Item 9.01
Financial Statements and Exhibits.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.25in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(d)&#160;&#160; &nbsp;Exhibits</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><u><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Exhibit No.</font></u></p>
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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><u><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Description</font></u></p>
  </td>
 </tr>
<tr>
  <td valign=top style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.0</font></p>
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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Press Release: Data I/O Reports Second Quarter 2022 Results</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
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</table>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">SIGNATURE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="background:white;width:100.0%;">
 <tr>
  <td width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;&nbsp;</font></p>
  </td>
 <td width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Data I/O
  Corporation</font></b></p>
  </td>
 </tr>
<tr>
  <td width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">July 28, 2022</font></p>
  </td>
 <td width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">By:&nbsp; </font><u><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">/s/
  Joel S. Hatlen</font></u><u><font face=Calibri,sans-serif style="font-size:10.0pt;letter-spacing:9.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Joel S. Hatlen<br>
  Vice President<br>
  Chief Operating and Financial Officer</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>




<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>


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<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:16.0pt;line-height:18.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:18.0pt;">Exhibit 99.0</font></i></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:16.0pt;line-height:18.0pt;">Data
I/O Reports Second Quarter 2022 Results</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:14.0pt;line-height:18.0pt;">&nbsp;</font></i></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:14.0pt;line-height:18.0pt;">Strong
Bookings of $6.4 Million and Record Backlog of $5.8 Million</font></i></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:14.0pt;line-height:18.0pt;">&nbsp;</font></i></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:14.0pt;line-height:18.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Redmond, WA &#8211;
July 28, 2022 --</font></b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> Data I/O Corporation
(NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for
microcontrollers, security ICs and memory devices, today announced financial results for the second quarter ended June
30, 2022.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Second Quarter 2022 Highlights</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Net sales of $4.8 million; bookings of $6.4 million</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Quarter-end backlog of $5.8
million </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Gross margin as a percentage of sales of 57.8%</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Net loss of ($657,000) or ($0.08) per share </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Adjusted EBITDA* of ($65,000)</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Cash &amp; Equivalents of $10.3 million; no debt</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Automotive Electronics represented 55% of second
quarter 2022 bookings</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">SentriX&#174; customer moving to volume production</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:12.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">6 new customer wins </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Adjusted EBITDA is a non-GAAP financial
measure.&#160; A reconciliation is provided in the tables of this press release.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Management
Comments</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Commenting on the
fiscal second quarter ended June 30, 2022, Anthony Ambrose, President and CEO
of Data I/O Corporation, said, &#8220;We are very pleased that China operations
resumed and is fully supporting our strong backlog.&#160; As we described in our June update, Data I/O&#8217;s Shanghai operations partially re-opened in
May.&#160; In mid-June, we began shipping systems and adapters from Shanghai, and
cleared out the systems backlog from the first quarter. We were successful in
leveraging our resilient global supply chain to shift some systems and adapter
production from China to Redmond, WA.&#160; Lead times from China operations are
back to normal, and we expect balance sheet items such as accounts receivables,
inventories and cash flow to return to normal levels by the end of the third
quarter.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#8220;For the third
consecutive quarter, we achieved bookings in excess of $6.0 million, with
second quarter 2022 bookings of $6.4 million reaching the highest level within
this 9-month period.&#160; Backlog at the end of the second quarter was $5.8
million, a record for the Company reflecting strong June orders. Automotive
electronics represented 55% of orders in the second quarter, and we had 6 new
customer wins.&#160; Our sales funnel in the second quarter continued the momentum
from the first quarter with millions of dollars of new opportunities.&#160;
Increased demand from Asia and the Americas has been partially offset by
weakness in EMEA due to the Ukraine/Russia war, inflation, energy challenges
and foreign currency devaluation against the US dollar.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#8220;Earlier this year,
we held a balanced perspective for our resumption of growth that was contingent upon re-opening in China, stabilization of
supply chains and restoration of business confidence in EMEA amid the war.&#160; Our
financial performance in the second quarter was impacted by these factors as
well as currency weakness </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">which effectively reduced
reported EMEA revenue by approximately 12%.&#160; Against this backdrop, we are
pleased with our improving outlook led by strong
bookings, record backlog, operational resumption in China, and the benefits of
our resilient supply chain.&#160; </font></p>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#8220;There are two
competing economic narratives for the second half of 2022. The &#8216;glass half
empty&#8217; scenario describes continued inflation and a global slowdown overall,
with greatest impact to Europe. The &#8216;glass half full&#8217; scenario is what we see
in our growing sales funnel and through discussions with our growing global
customer base.&#160; Automotive and industrial markets are expected to hold up
better than consumer and enterprise markets this year.&#160; The weakness in
consumer markets may be helping automotive ease its semiconductor supply chain
issues.&#160; We are controlling expenses overall while we prepare operations to ship
current and anticipated backlog.&#160; We are
optimistic that strong bookings through the first half of the year, an
encouraging sales pipeline, and a record backlog at June 30, 2022 will give
rise to significantly improved financial performance in the second half of the
year.&#8221;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Financial Results
</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Due to
COVID-19 policies in China in 2022, the Company experienced operational
closures, delays and disruptions that impacted its performance in the first and
second quarters of fiscal 2022.&#160; These issues included $1 million of finished
products that were unable to be shipped at March 31, 2022 but were delivered
during the second quarter.&#160; As a result of the aforementioned, many of the
Company&#8217;s financial indicators are well outside of normal ranges for the first
and second quarters.&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Net
sales in the second quarter of 2022 were $4.8 million, down
40% as compared with $6.7 million in the second quarter of 2021.&#160; The decrease reflects the impact of lower foreign currencies as
reported on a consolidated basis, the previously announced </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">COVID restrictions and shutdowns, and the war in
Ukraine, which impacted business development and revenue recognition for
shipments that had been held up or delayed.&#160; T</font><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">otal recurring and consumable revenues including adapter
sales represented $2.1 million or 45% of total revenues in the second quarter
of 2022, as compared with $2.6 million or 39% of the higher second quarter 2021
total.&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Second
quarter 2022 bookings were $6.4 million, up from $6.2 million in the first
quarter of 2022 and down from $8.9 million in the second quarter of the prior
year.&#160; Backlog at June 30, 2022 was approximately $5.8 million, up from $4.1
million at March 31, 2022, and $5.0 million at June 30, 2021.&#160;&#160;&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Gross
margin as a percentage of sales was 57.8% in the second quarter of 2022, as
compared to 57.0% in the same period of the prior year. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Total
operating expenses in the second quarter of 2022 of $3.5 million were down
approximately $242,000 as compared to the 2021 period.&#160; R&amp;D expenses were
$1.6 million in the second quarter of 2022 compared to $1.7 million in the
second quarter of the prior year. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Net loss in the
second quarter of 2022 was ($657,000), or ($0.08) per share, compared with a
net loss of ($29,000), or ($0.00) per share, for the second quarter of 2021.&#160;
Included in net loss is a foreign currency transaction gain of $130,000 for the
second quarter of 2022, and a loss of ($64,000) for the second quarter of
2021.&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Adjusted
earnings before interest, taxes, depreciation and amortization (&#8220;Adjusted EBITDA&#8221;), which excludes equity compensation, was
($65,000) in the second quarter of 2022, compared to Adjusted EBITDA of
$597,000 in the second quarter of 2021.&#160; </font></p>


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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Data
I/O&#8217;s balance sheet remained strong with cash</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> at the end of the second quarter of 2022 of $10.3 million, down from
$12.3 million at March 31, 2022 and $14.2 million at December 31, 2021.&#160; </font><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">The difference in cash from prior periods
primarily reflects the shift in working capital to increased receivables and
inventory related to the high level of bookings and delayed deliveries.&#160; In the
first quarter of 2022, the Company repatriated </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">$4.4 million of cash from China to the U.S. in the form of a one-time
dividend distribution, which led to a corresponding tax withholding expense of
approximately $442,000.&#160; </font><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Data
I/O had net working capital of $15.9 million at June 30, 2022.&#160; The Company
continues to have no debt. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Conference Call Information</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">A
conference call discussing financial results for the second quarter ended June
30, 2022 will follow this release today at 2 p.m. Pacific Time/5 p.m. Eastern
Time.&#160; To listen to the conference call, please dial 412-317-5788.&#160; A replay
will be made available approximately one hour after the conclusion of the call.
To access the replay, please dial 412-317-0088, access code 9687503. The
conference call will also be simultaneously webcast over the Internet; visit
the Webcasts and Presentations section of the Data I/O Corporation website at </font><font color=blue face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">www.dataio.com</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> to access the call from the site.&nbsp; This webcast
will be recorded and available for replay on the Data I/O Corporation website
approximately one hour after the conclusion of the conference call.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:150%;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">About Data I/O Corporation </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Since 1972, Data I/O
has developed innovative solutions to enable the design and manufacture of
electronic products for automotive, Internet-of-Things, medical, wireless,
consumer electronics, industrial controls and other electronics devices. Today,
our customers use Data I/O&#8217;s data programming solutions and security deployment
platform to secure the global electronics supply chain and protect IoT device
intellectual property from point of inception to deployment in the field.&#160; OEMs
of any size can program and securely provision devices from early samples all
the way to high volume production prior to shipping semiconductor devices to a
manufacturing line. Data I/O enables customers to reliably, securely, and
cost-effectively bring innovative new products to life. These solutions are
backed by a portfolio of patents and a global network of Data I/O support and
service professionals, ensuring success for our customers.</font></p>

<div style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">

<hr align=left noshade size=1 width="20%">

&nbsp;</div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Learn more at </font><font color=blue face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">dataio.com</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>




<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Forward Looking Statement and Non-GAAP financial
measures</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Statements in this news release concerning economic outlook, expected
revenue, expected margins, expected savings, expected results, orders,
deliveries, backlog and financial positions, semiconductor chip shortages,
supply chain expectations, as well as any other statement 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. Forward-looking statement disclaimers also apply to the
global COVID-19 pandemic, including the
expected effects on the Company&#8217;s business from Shanghai&#8217;s COVID-19 lockdowns,
the duration and scope, impact on the demand for the Company&#8217;s products, and
the pace of recovery for the COVID-19 pandemic to subside, and the Russian invasion of Ukraine including any related
international trade restrictions. These factors include uncertainties as to the ability
to record revenues based upon the timing of product deliveries, shipping
availability, installations and acceptance, accrual of expenses, coronavirus
related business interruptions, changes in economic conditions, part shortages
and other risks including those described in the Company's filings on Forms
10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases
and other communications. </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Non-GAAP financial measures, such as EBITDA, Adjusted EBITDA excluding
equity compensation and impairment &amp; related charges, and Adjusted gross
margin should not be considered a substitute for, or superior to, measures of
financial performance prepared in accordance with GAAP.&#160; We believe that these
non-GAAP financial measures provide meaningful supplemental information
regarding the Company&#8217;s results and facilitate the comparison of results.</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Contacts:</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></i></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:402.799988pt;">
 <tr>
  <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Joel Hatlen</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Chief Operating and Financial Officer</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Data I/O Corporation</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">6645 185<sup>th</sup> Ave. NE, Suite
  100</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td valign=top width=50% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Redmond, WA 98052</font></p>
  </td>
 <td valign=top width=50% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td valign=top width=50% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Darrow Associates, Inc.</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Jordan Darrow</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(512) 551-9296</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=blue face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">jdarrow@darrowir.com</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><i><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">-&#160;&#160;&#160;&#160; tables follow&#160;&#160;&#160;&#160; -</font></p>




<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">DATA I/O CORPORATION</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">CONSOLIDATED
STATEMENTS OF OPERATIONS</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(in
thousands, except per share amounts)</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(UNAUDITED)
</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:559.599976pt;">
 <tr style="height:23.25pt;">
  <td nowrap valign=bottom width=36% style="height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Three
  Months Ended<br>
  June 30,</font></b></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Six
  Months Ended<br>
  June 30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2022</font></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2021</font></b></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2022</font></b></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2021</font></b></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td width=36% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Net Sales</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$4,769 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$6,733 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$9,734 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$12,748 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Cost of goods sold</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,011 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,896 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">4,673 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">5,573 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Gross
  margin</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,758 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3,837 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">5,061 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">7,175 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Operating expenses:</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Research
  and development</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,557 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,673 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3,173 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3,279 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Selling,
  general and administrative</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,928 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,054 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3,976 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">4,116 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Total
  operating expenses</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3,485 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3,727 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">7,149 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">7,395 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Operating income (loss)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(727)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">110 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(2,088)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(220)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Non-operating income
  (loss):</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Interest
  income</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Gain on
  sale of assets</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">57 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Foreign
  currency transaction gain (loss)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">130 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(64)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">71 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(38)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Total
  non-operating income (loss)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">131 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(64)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">130 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(35)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Income (loss) before
  income taxes </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(596)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">46 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(1,958)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(255)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Income tax (expense)
  benefit</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(61)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(75)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(519)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(107)</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=top width=36% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Net income (loss)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($657)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($29)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($2,477)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($362)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=top width=36% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:6.75pt;">
  <td valign=top width=36% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=5% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=4% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Basic
  earnings (loss) per share</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($0.08)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$0.00 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($0.29)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($0.04)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Diluted
  earnings (loss) per share</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($0.08)</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$0.00 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($0.29)</font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($0.04)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Weighted-average
  basic shares</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,709 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,517 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,665 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,469 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=36% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:20.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Weighted-average
  diluted shares </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,709 </font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,517 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,665 </font></p>
  </td>
 <td nowrap valign=bottom width=4% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">8,469 </font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>




<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">DATA I/O CORPORATION</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">CONSOLIDATED
BALANCE SHEETS</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(in
thousands, except share data)</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(UNAUDITED)
</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:515.199951pt;">
 <tr style="height:25.5pt;">
  <td valign=top width=59% style="height:25.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:25.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">June 30,<br>
  2022</font></b></p>
  </td>
 <td valign=top width=7% style="height:25.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:25.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">December 31,<br>
  2021</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td nowrap valign=bottom width=59% style="height:7.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:7.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:7.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:7.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">ASSETS</font></b></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">CURRENT ASSETS:</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Cash
  and cash equivalents </font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$10,291 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$14,190 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Trade
  accounts receivable, net of allowance for</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
  doubtful accounts of $83 and $89, respectively</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">4,165 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">3,995 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Inventories</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">6,925 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">6,351 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Other
  current assets</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">575 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">737 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">TOTAL
  CURRENT ASSETS</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">21,956 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">25,273 </font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=59% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Property, plant and
  equipment &#8211; net</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,040 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">946 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Other assets</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,542 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,838 </font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=59% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">TOTAL
  ASSETS</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$25,538 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$29,057 </font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td valign=bottom width=59% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">LIABILITIES AND
  STOCKHOLDERS&#8217; EQUITY</font></b></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">CURRENT LIABILITIES:</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Accounts
  payable</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$1,848 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$1,373 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Accrued
  compensation </font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,557 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,496 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Deferred
  revenue</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,252 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,507 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Other
  accrued liabilities</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,374 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,413 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:10.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Income
  taxes payable</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">60 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">TOTAL
  CURRENT LIABILITIES</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">6,091 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">6,789 </font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td valign=top width=59% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Operating lease
  liabilities</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">1,897 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2,277 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Long-term other payables</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">198 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">138 </font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td valign=top width=59% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">COMMITMENTS</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td valign=top width=59% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:5.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">STOCKHOLDERS&#8217; EQUITY</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Preferred stock -</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Authorized,
  5,000,000 shares, including</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">200,000
  shares of Series A Junior Participating</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Issued
  and outstanding, none</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Common stock, at stated value
  -</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Authorized,
  30,000,000 shares</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Issued
  and outstanding, 8,814,279 shares as of June 30,</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2022
  and 8,621,007 shares as of December 31, 2021</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">21,386 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">20,886 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Accumulated earnings
  (deficit)</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(4,488)</font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(2,011)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Accumulated other
  comprehensive income</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">454 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">978 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=59% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">TOTAL
  STOCKHOLDERS&#8217; EQUITY</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">17,352 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">19,853 </font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=59% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:30.0pt;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">TOTAL
  LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</font></p>
  </td>
 <td nowrap valign=bottom width=17% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$25,538 </font></p>
  </td>
 <td nowrap valign=bottom width=7% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=17% style="border-bottom:double windowtext 2.25pt;border-top:solid windowtext 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$29,057 </font></p>
  </td>
 </tr>
</table>

</div>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>




<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">DATA I/O CORPORATION</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NON-GAAP
FINANCIAL MEASURE RECONCILIATION</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:570.200012pt;">
 <tr style="height:23.25pt;">
  <td nowrap valign=bottom width=35% style="height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Three
  Months Ended<br>
  June 30,</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td colspan=3 valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Six
  Months Ended<br>
  June 30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=35% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=13% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2022</font></b></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=13% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2021</font></b></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2022</font></b></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">2021</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=35% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;line-height:normal;">&#160;(in thousands) </font></p>
  </td>
 <td width=3% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=6% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=35% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Net Income (loss)</font></p>
  </td>
 <td valign=bottom width=3% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($657)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($29)</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($2,477)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($362)</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=35% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&#160;&#160; Interest (income)</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(1)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">- </font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(2)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">(3)</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=35% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&#160;&#160; Taxes</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">61 </font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">75 </font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">519 </font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">107 </font></p>
  </td>
 </tr>
<tr style="height:12.95pt;">
  <td valign=bottom width=35% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&#160;&#160; Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=3% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">152 </font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">150 </font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">293 </font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">348 </font></p>
  </td>
 </tr>
<tr style="height:15.95pt;">
  <td valign=bottom width=35% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">EBITDA earnings (loss)</font></p>
  </td>
 <td valign=bottom width=3% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($445)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$196 </font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($1,667)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$90 </font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=35% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=6% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:6.0pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=35% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&#160;&#160; Equity compensation</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">380 </font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">401 </font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">671 </font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">680 </font></p>
  </td>
 </tr>
<tr style="height:12.95pt;">
  <td valign=bottom width=35% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td valign=bottom width=3% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="border-top:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="border-top:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=bottom width=35% style="height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Adjusted EBITDA, excluding equity
  compensation</font></p>
  </td>
 <td valign=top width=3% style="height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="border-bottom:double windowtext 2.25pt;height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($65)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="border-bottom:double windowtext 2.25pt;height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$597 </font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:double windowtext 2.25pt;height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">($996)</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=12% style="border-bottom:double windowtext 2.25pt;height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">$770 </font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=times lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>




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