<SEC-DOCUMENT>0000351998-24-000004.txt : 20240223
<SEC-HEADER>0000351998-24-000004.hdr.sgml : 20240223
<ACCEPTANCE-DATETIME>20240222180127
ACCESSION NUMBER:		0000351998-24-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240222
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20240223
DATE AS OF CHANGE:		20240222

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]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		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:		24666498

	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-febq42023results.htm
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   <P style="TEXT-ALIGN: center; MARGIN: 0in" 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" 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" 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" 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" 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" 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>: February 22, 2024</FONT></B></P></TD></TR>

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

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   <P style="TEXT-ALIGN: center; MARGIN: 0in" 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" 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" 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" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>(Registrant&#8217;s telephone number, including area code)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in" 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="TEXT-ALIGN: center; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Calibri,sans-serif>(Former name or former address, if changed since last report)</FONT></P></TD></TR></TABLE></DIV>

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

<P style="MARGIN: 0in"><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"><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"><FONT style="FONT-SIZE: 9pt; 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: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Title of each class&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>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: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>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: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>Common Stock</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>DAIO&nbsp;&nbsp; </FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 10pt" align=center><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 115%" face=Calibri,sans-serif>NASDAQ</FONT></P></TD></TR>

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

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

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

<P style="MARGIN: 0in"><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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9633;</FONT></P>

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<p style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;margin-left:0in;margin-right:0pt;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 fourth quarter 2023 results
was made February 22, 2024 and a copy of the release is being furnished as
Exhibit 99.0 in this current report.</font></p>

<p style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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>
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  <p style="margin-bottom:0in;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:0in;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 Fourth Quarter 2023 Results</font></p>
  <p style="margin-bottom:0in;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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</div>

<p style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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>

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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;&nbsp;</font></p>
  </td>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black 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:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
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<tr>
  <td valign=top width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">February 22, 2024</font></p>
  </td>
 <td width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">By:&nbsp; </font><u><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">/s/ Gerald Y.
  Ng</font></u><u><font color=black 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:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">Gerald Y. Ng<br>
  Vice President and Chief 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>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin-bottom:0in;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:0in;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:0in;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 Fourth
Quarter 2023 Results</font></b></p>

<p align=center style="margin-bottom:0in;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:0in;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;">2023 Revenue Growth of
16%; Bookings Momentum in Fourth Quarter; </font></i></b></p>

<p align=center style="margin-bottom:0in;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;">Most New Customer Wins
in 6 Years</font></i></b></p>

<p align=center style="margin-bottom:0in;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:0in;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:normal;">Company Returns to
Profitability on Higher Sales, Margin and Efficiency Improvements</font></i></b></p>

<p align=center style="margin-bottom:0in;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:0in;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:0in;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; February 22, 2024 --</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 fourth
quarter ended December 31, 2023.</font></p>

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

<p style="margin-bottom:0in;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;">Fourth Quarter 2023 Highlights</font></b></p>

<p style="margin-bottom:0in;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 $6.9 million;
bookings of $7.2 million</font></p>

<p style="margin-bottom:0in;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;">Quarter-end backlog of $2.8
million </font></p>

<p style="margin-bottom:0in;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 58.0%</font></p>

<p style="margin-bottom:0in;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 income of $144,000 or $0.02
per diluted share </font></p>

<p style="margin-bottom:0in;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 $514,000</font></p>

<p style="margin-bottom:0in;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 $12.3
million; no debt</font></p>

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

<p style="margin-bottom:0in;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;">Full Year 2023 Highlights</font></b><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> </font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;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 $28.1 million;
bookings of $25.8 million </font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;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 57.7%</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;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 income of $486,000 or $0.05
per diluted share</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;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 $2.3 million</font></p>

<p style="margin-bottom:0in;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
63% of bookings for 2023 </font></p>

<p style="margin-bottom:0in;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</font><sup><font face=times lang=EN-US style="font-size:12.0pt;line-height:normal;">&#174;</font></sup><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> software and pay-per-use revenues increased 150% from
2022</font></p>

<p style="margin-bottom:0in;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;">Deployment of over 485 PSV systems
worldwide</font></p>

<p style="margin-bottom:0in;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;">23 new customer wins</font></p>

<p style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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 year ended
December 31, 2023, Anthony Ambrose, President and CEO of Data I/O Corporation,
said, &#8220;As expected, Q4 bounced back from a slower Q3 in bookings and revenue. We delivered strong financial performance in 2023 and
experienced encouraging business momentum which has carried over into 2024.&#160;
Top line growth of 16% in 2023 exceeded our annual outlook for double digit
industry expansion pegged to our largest market of automotive electronics.&#160;
This market represented over 63% of our bookings in 2023 and shows continued
long term potential with analysts estimating automotive silicon content to be
growing 10-15% per year throughout the remainder of this decade.&#160; </font></p>

<p style="margin-bottom:0in;margin-left:0pt;margin-right:0pt;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>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:0pt;margin-right:0pt;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#8220;Automotive and industrial automation continue to
represent the largest, fastest growing and most attractive market segments for
our programming technologies.&#160; Demonstrating our leadership position in the
markets we serve, we had over 23 new customer wins during 2023 worldwide and across all segments.&#160; Our sales funnel has significantly expanded with
customers interested in our advanced programming technologies.&#160; We had strong growth in Systems as well as Adapters
and Software/Services. We had excellent growth in the Americas region as well
as Asia outside of China in 2023. This reflects the rebalancing of supply
chains and our global strength.&#160; We also saw a more than doubling of our
SentriX pay-per-use (&#8220;PPU&#8221;) revenues in 2023, as several customers went into
volume production. &#160;</font></p>

<p style="margin-bottom:0in;margin-left:0pt;margin-right:0pt;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:0in;margin-left:0pt;margin-right:0pt;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#8220;In 2023, we bolstered our leadership with the
appointment of Gerry Ng as our CFO who has begun to implement initiatives to
manage spending and inventory to better capitalize on our growth.&#160; This has put
us on a trajectory to benefit from the significant operating leverage in our
business model.&#160; In the second half of 2023, we sold through the higher
inventory level and reset our spending to more normal levels. This disciplined
approach improved our cash position and profitability in the fourth quarter. </font></p>

<p style="margin-bottom:0in;margin-left:0pt;margin-right:0pt;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:0in;margin-left:0pt;margin-right:0pt;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#8220;Our focus now is on continued growth from the
Automotive, Industrial and Programming
Center markets worldwide combined with tighter spending controls, process
efficiencies and operating leverage to deliver strong bottom-line growth. We are excited by our outlook for 2024.&#8221;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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 sales in the fourth quarter of 2023
were $6.9 million, down 5% compared with $7.3 million in the fourth quarter of
2022.&#160; The decrease from the prior year was due to the timing of bookings to
shipment conversion at year-end.&#160; Revenue increased 5% from the third quarter
of 2023 due to improved market conditions, sales opportunity conversions and
strong delivery execution.&#160; For all of 2023, net sales were $28.1 million, up
16% from $24.2 million for 2022, reflecting continued growth in the automotive electronics
and IoT industries and favorable comparison to post-lockdown recovery one year
ago.&#160; Automotive electronics represent 63% of 2023 bookings compared to 61% for
2022.&#160; Revenue mix remains steady with systems revenue at 58% and recurring and
consumable revenue at 42% for 2023.</font></p>

<p style="margin-bottom:0in;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:0in;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;">Fourth quarter 2023 bookings were $7.2
million, up 6% from $6.8 million for the fourth quarter of 2022.&#160; Bookings for
all of 2023 were $25.8 million, down 2% from $26.5 million in 2022 due largely
to customer purchase delays in the third quarter of 2023.&#160; Backlog on December
31, 2023 was $2.8 million, up $0.3 million from the third quarter of 2023.&#160;
Additionally, deferred revenue was approximately $1.4 million on December 31,
2023.</font></p>

<p style="margin-bottom:0in;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:0in;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;">Gross margin as a percentage of sales
was 58.0% in the fourth quarter of 2023, as compared to 55.5% in the prior year
period.&#160; Full year gross margin improvement was similar at 57.7% for 2023
compared to 54.5% for 2022.&#160; The full year increase in gross margin as a
percentage of sales primarily reflects higher sales volume, material cost
reductions, and operational efficiency improvements.</font></p>

<p style="margin-bottom:0in;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:0in;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;">Operating expenses for the fourth
quarter of 2023 were $3.8 million, up $402,000 or 12% from the prior year
period.&#160; Full year 2023 expenses were $15.7 million, up $1.8 million or 13%
from the prior year.&#160; The full year operating expense increase was primarily
due to sales volume and profitability-based incentive compensations, market
development to expand security offerings, and IT and operational infrastructure
investments.&#160; Cost containment and efficiency improvements undertaken in the
third quarter of 2023 contributed to lower operating expenses and higher
profitability in the second half of 2023.&#160; Operating expenses at $8.3 million
for the first half of 2023, declined by $948,000 or 11%, to $7.4 million in the
second half of 2023.</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;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:0in;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 income in the fourth quarter of 2023
was $144,000 or $0.02 per diluted share, compared to net income of $510,000 or
$0.06 per share for the prior year period.&#160; The decline was due largely to
lower revenue and higher operating expenses partially offset by improved gross
margins.&#160; For 2023, net income was $486,000 or $0.05 per diluted share,
compared to a net loss of ($1,120,000) or ($0.13) per share in 2022.&#160; The 2023
revenue increase of $3.8 million and gross profit improvement of 320 basis
points contributed to a net income increase of $1.6 million or 42% operating
leverage from 2022.</font></p>

<p style="margin-bottom:0in;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:0in;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;">Adjusted earnings before interest,
taxes, depreciation and amortization (&#8220;Adjusted EBITDA&#8221;), which excludes equity
compensation, was $514,000 in the fourth quarter of 2023, compared to $831,000
for the prior year period.&#160; For the full year, Adjusted EBITDA was $2.3 million
in 2023, compared to $1.3 million in 2022.</font></p>

<p style="margin-bottom:0in;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:0in;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;">The Company&#8217;s balance sheet remained
strong with cash at the end of the fourth quarter of 2023 at $12.3 million, an
increase of $831,000 from $11.5 million on December 31, 2022.&#160; The full year
cash increase reflects improved operating profitability, higher net interest
income and lower inventory levels.&#160; Data I/O had net working capital of $18.4
million on December 31, 2023, up from $17.6 million on December 31, 2022.&#160; The
Company continues to have no debt.</font></p>

<p style="margin-bottom:0in;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:0in;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:0in;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;">Financial Outlook for
2024</font></b></p>

<p style="margin-bottom:0in;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:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;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;">Based on continued strength
amid a stable global operating environment, the Company is providing its
financial outlook for 2024.&#160; Data I/O expects d</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">ouble-digit bookings growth in 2024, consistent with the long-term
double-digit semiconductor growth rate in the automotive electronics industry
and reflecting the benefits from an increasing installed base of systems. Gross
margins are expected to be in the mid-to-high 50% range for the year. Operating
expenses for 2024 are expected to be consistent with to moderately lower than
2023, except for variability in incentive compensation, sales commissions, and
currency. As a result of the Company&#8217;s disciplined growth strategies, gross and
operating margins may be further improved.&#160; </font></p>

<p style="margin-bottom:0in;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:0in;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:0in;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 fourth quarter ended December 31, 2023
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 3084328.&#160; 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:0in;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:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;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:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;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 </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">products to
life.&#160; 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.&#160; Learn more at </font><font color=blue face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">dataio.com/Company/Patents</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">.</font></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%">


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

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

&nbsp;</div>

<p style="margin-bottom:0in;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:0in;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:0in;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: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:0in;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, expected expenses, 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. </font></i></p>

<p style="margin-bottom:0in;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:0in;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;">Forward-looking
statement disclaimers also apply to the
demand for the Company&#8217;s products and the impact from geopolitical conditions 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&#8217;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:0in;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:0in;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 and Adjusted EBITDA, excluding equity
compensation, should not be considered a substitute for, or superior to,
measures of financial performance prepared in accordance with GAAP. 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:0in;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:0in;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:0in;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>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">Gerald Ng</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">Vice President and CFO</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">Data I/O Corporation</font></p>
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">6645 185<sup>th</sup> Ave. NE, Suite 100</font></p>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>
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<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:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">Redmond, WA 98052</font></p>
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=blue face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">Investor-Relations@dataio.com</font></p>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">Darrow Associates, Inc.</font></p>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">Jordan Darrow</font></p>
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  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">(512) 551-9296</font></p>
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=blue face=Calibri,sans-serif style="font-size:12.0pt;line-height:normal;">jdarrow@darrowir.com</font></p>
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<p style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:522.199951pt;">
 <tr style="height:23.25pt;">
  <td nowrap valign=bottom width=38% 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=28% style="border-bottom:solid windowtext 1.0pt;height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:0in;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>
  December 31,</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=27% style="border-bottom:solid windowtext 1.0pt;height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:0in;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;">Twelve Months Ended<br>
  December 31,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=38% 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:0in;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;">2023</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:0in;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:0in;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;">2023</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:0in;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>
 </tr>
<tr style="height:17.25pt;">
  <td width=38% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:17.25pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% 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=3% 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=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">$6,874 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">$7,271 </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:0in;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;">$28,064 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">$24,217 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">2,883 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">3,233 </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:0in;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;">11,878 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">11,007 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="border-top:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">3,991 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">4,038 </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:0in;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;">16,186 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">13,210 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% 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 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=3% 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=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">1,602 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">1,478 </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:0in;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;">6,524 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">6,083 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">2,211 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">1,933 </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:0in;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;">9,214 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">7,876 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% 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:0in;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;">3,813 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">3,411 </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:0in;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;">15,738 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">13,959 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">178 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">627 </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:0in;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;">448 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">(749)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% 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 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=3% 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=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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: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:0in;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;">23 </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:0in;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;">190 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">34 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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=3% 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:0in;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=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:0in;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=3% 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:0in;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>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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: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:0in;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;">(156)</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:0in;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;">42 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">221 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% 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:0in;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=3% 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:0in;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;">(134)</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:0in;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;">232 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">312 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">178 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">493 </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:0in;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>
 <td nowrap valign=bottom width=3% 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:0in;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;">(437)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=top width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">(34)</font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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 </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:0in;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;">(194)</font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">(683)</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=top width=38% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% 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:0in;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;">$144 </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="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:0in;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;">$510 </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:0in;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;">$486 </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="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:0in;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;">($1,120)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=top width=38% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:9.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% 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=3% 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=38% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=3% 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=3% 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=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">$0.02 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">$0.06 </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:0in;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;">$0.05 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">($0.13)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">$0.02 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">$0.06 </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:0in;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;">$0.05 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">($0.13)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">9,021 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">8,816 </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:0in;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;">8,941 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">8,741 </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td nowrap valign=bottom width=38% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=3% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">&nbsp;</td>
 <td nowrap valign=bottom width=13% style="height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">9,096 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">8,942 </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:0in;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;">9,073 </font></p>
  </td>
 <td nowrap valign=bottom width=3% 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:0in;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;">8,741 </font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;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 style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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>

<p align=center style="margin-bottom:0in;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=left><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:0in;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>
  2023</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:0in;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>
  2022</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:0in;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:0in;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:0in;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:0in;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;">$12,341 </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:0in;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;">$11,510 </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:0in;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:0in;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 $72 and $147, 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:0in;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;">5,707 </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:0in;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;">4,992 </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:0in;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:0in;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;">5,875 </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:0in;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;">6,751 </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:0in;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:0in;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;">690 </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:0in;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;">645 </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:0in;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:0in;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;">24,613 </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:0in;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;">23,898 </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:0in;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:0in;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;">1,359 </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:0in;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;">1,072 </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:0in;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:0in;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;">1,429 </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:0in;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;">2,195 </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:0in;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:0in;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;">$27,401 </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:0in;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;">$27,165 </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:0in;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:0in;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:0in;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:0in;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;">$1,272 </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:0in;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;">$1,366 </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:0in;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:0in;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;">2,003 </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:0in;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;">1,670 </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:0in;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:0in;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;">1,362 </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:0in;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;">1,575 </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:0in;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:0in;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;">1,438 </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:0in;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;">1,596 </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:0in;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:0in;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;">113 </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:0in;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;">112 </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:0in;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:0in;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;">6,188 </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:0in;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;">6,319 </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:0in;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:0in;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;">702 </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:0in;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;">1,500 </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:0in;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:0in;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;">192 </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:0in;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;">237 </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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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,
  9,020,819 shares as of December 31,</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:0in;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;">2023 and 8,816,381 shares
  as of December 31, 2022</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:0in;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;">22,731 </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:0in;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;">21,897 </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:0in;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:0in;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;">(2,645)</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:0in;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;">(3,131)</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:0in;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:0in;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;">233 </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:0in;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;">343 </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:0in;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:0in;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;">20,319 </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:0in;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;">19,109 </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:0in;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:0in;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;">$27,401 </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:0in;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;">$27,165 </font></p>
  </td>
 </tr>
</table></div>




<p style="margin-bottom:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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:0in;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=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:578.200012pt;">
 <tr style="height:23.25pt;">
  <td nowrap valign=bottom width=37% 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=27% style="border-bottom:solid windowtext 1.0pt;height:23.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:0in;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>
  December 31,</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:0in;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;">Twelve Months Ended<br>
  December 31,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=37% 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=12% style="border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:0in;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;">2023</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:0in;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=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:0in;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;">2023</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:0in;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>
 </tr>
<tr style="height:11.25pt;">
  <td width=37% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=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>
 <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=37% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=12% style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">$144 </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:0in;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;">$510 </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:0in;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;">$486 </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:0in;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;">($1,120)</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=37% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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: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:0in;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;">(23)</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:0in;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;">(190)</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:0in;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;">(34)</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=37% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">34 </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:0in;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)</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:0in;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;">194 </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:0in;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;">683 </font></p>
  </td>
 </tr>
<tr style="height:12.95pt;">
  <td valign=bottom width=37% style="height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=12% style="border-bottom:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">140 </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-bottom:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">120 </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:0in;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;">608 </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:0in;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;">560 </font></p>
  </td>
 </tr>
<tr style="height:15.95pt;">
  <td valign=bottom width=37% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="font-size:10.0pt;line-height:normal;">EBITDA earnings</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=12% style="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">$253 </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="height:15.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">$590 </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:0in;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;">$1,098 </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:0in;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;">$89 </font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=37% 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=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>
 <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=37% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=12% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">261 </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:0in;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;">241 </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:0in;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;">1,190 </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:0in;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;">1,176 </font></p>
  </td>
 </tr>
<tr style="height:12.95pt;">
  <td valign=bottom width=37% 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=12% style="border-top:solid windowtext 1.0pt;height:12.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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:0in;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:0in;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:0in;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=37% style="height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;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=12% style="border-bottom:double windowtext 2.25pt;height:26.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin-bottom:0in;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;">$514 </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:0in;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;">$831 </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:0in;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;">$2,288 </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:0in;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;">$1,265 </font></p>
  </td>
 </tr>
</table></div>

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<p align=center style="margin-bottom:0in;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>

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