Data I/O Corporation (NasdaqCM:DAIO) is looking for acquisitions. Anthony Ambrose, President and Chief Executive Officer said during the Fourth Quarter 2023 Financial Results Conference Call, "So I think on the -- just the -- we get that question a lot. We need a certain amount of cash to manage the business.

The excess cash, at least right now. And I guess we're doing a better job since Dave did not bring up this question on the call around interest income. We actually get paid for our cash, which is good.

We're constantly looking for ways to deploy that cash for maximum possible return for shareholders. We've said we're interested in -- can we do accretive M&A, obviously it'd be pretty small. We have our radar up.

Nothing's come across the radar yet that we can get to our liking, but we're always looking".