Data I/O Corporation Targets Rapid V-TEK Synergy Realization Amid $80 Million M&A Pipeline
Data I/O Corporation (DAIO) reported third-quarter net sales of $4.9 million, a slight decrease from the $5.2 million recorded in the previous year. Despite the dip in revenue, management is heavily focused on the successful integration of the V-TEK acquisition, aiming to realize 50% of the projected synergies within the next 90 days. The company's strategic outlook remains aggressive, with CFO Charles DiBona highlighting an $80 million merger and acquisition pipeline. This suggests that Data I/O is positioning itself for inorganic growth through continued consolidation in its sector following the V-TEK deal.
Tickers: $DAIO
Topics: acquisition earnings report net sales