Data I/o Corporation (NASDAQ:DAIO)

GBR Data I/O (NASDAQ:DAIO) ($11.03; ), a provider of programming and associated intellectual property management solutions announced Q4 2017 results:

• Sales of $8.1 million vs $6.4 million in the prior year period

• Non-GAAP EPS of $0.12 vs $0.09

Quotes from management:

"2017 was the best year in a generation for Data I/O and I congratulate our global team for their hard work and operational excellence," said Anthony Ambrose, President and CEO of Data I/O Corporation. "Our solid execution in the fourth quarter and full year in engineering, customer support, and operations extends our worldwide leadership position in device programming and security provisioning technology.

The results were sequentially down from Q3 2017, thus the stock is under pressure in pre market trading. When we added DAIO to our multi-bagger portfolio we had stated that the stock would have volatility in its quarters as it moves forward.  Shares were added to the multi-bagger portfolio on May 5, 2017 at $4.77.