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SEGMENT AND GEOGRAPHIC INFORMATION
12 Months Ended
Dec. 31, 2023
SEGMENT AND GEOGRAPHIC INFORMATION  
SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 13 – SEGMENT AND GEOGRAPHIC INFORMATION

 

We consider our operations to be a single operating segment, focused on the design, manufacturing and sale of programming systems used by designers and manufacturers of electronic products.  Major operations outside the U.S. include sales, engineering and service support by subsidiaries in Germany as well as in China, which also manufactures some of our products.

 

We determine international sales by the international geographic destination into which the products are sold and delivered and include not only sales by foreign subsidiaries but also export sales from the U.S. to our foreign distributors and to our representatives’ customers.  International sales do not include transfers between Data I/O and our foreign subsidiaries.

 

The following tables provide summary operating information by geographic area:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

Net sales:

 

 

 

 

 

 

U.S.

 

$2,799

 

 

$1,774

 

Europe

 

 

9,469

 

 

 

7,402

 

Rest of World

 

 

15,796

 

 

 

15,041

 

 

 

$28,064

 

 

$24,217

 

 

 

 

 

 

 

 

 

 

Included in Europe and Rest of World are the following Net Sales significant balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

$4,697

 

 

$2,881

 

China

 

$3,800

 

 

$5,476

 

 

 

 

 

 

 

 

 

 

Operating income:

 

 

 

 

 

 

 

 

U.S.

 

$216

 

 

$5

 

Europe

 

 

(671)

 

 

(1,331)

Rest of World

 

 

903

 

 

 

577

 

 

 

$448

 

 

($749)

 

 

 

 

 

 

 

 

 

 

Identifiable assets:

 

 

 

 

 

 

 

 

U.S.

 

$12,385

 

 

$15,234

 

Europe (primarily Germany)

 

 

4,966

 

 

 

4,886

 

Rest of World (primarily China)

 

 

10,050

 

 

 

7,045

 

 

 

$27,401

 

 

$27,165