CID HoldCo (DAIC) Sidoti March Small-Cap Virtual Conference summary

Financial performance and outlook

• FY 2025 revenue reached $5.8 million, with $4.5 million in Q4; gross margins were 43.7% due to early-stage hardware sales.

• Revenue guidance for 2026 is $6–7.5 million, with a shift to SaaS as the primary revenue source and projected margins rising to 65%.

• Adjusted EBITDA was negative $9.1 million, impacted by one-time charges and post-SPAC merger costs.

• Shares outstanding are 27.8 million, with a current market cap of $6.8 million and share price at $0.24.

• About half of 2026 revenue guidance is attributable to the Würth partnership.

Business model and technology

• Operates a SaaS platform for asset intelligence, integrating AI and real-time data collection via proprietary hardware and software.

• Hardware sales precede SaaS enrollment, with recurring revenue expected to grow as deployments mature.

• Patented hardware (ZiM Bridge, asset tags) enables unique in-process data collection, supporting AI-driven workflows.

• Channel partner model enables scalable distribution and vertical expertise, reducing direct support needs.

• Land-and-expand strategy targets large, multi-site customers, starting with local solutions and expanding globally.

Market positioning and competitive landscape

• Focuses on global logistics, supply chain, and industrial asset management, with applications in manufacturing, healthcare, and retail.

• Competes with major players like Zebra, Samsara, and HID, but claims a competitive edge through innovation and integration.

• Strategic partnerships, notably with Würth and Wiliot, support expansion into industrial and retail verticals.

• Wiliot partnership leverages Ambient IoT for industrial applications, differentiating from consumer-focused competitors.

• Comparable public companies show similar revenue profiles but higher market caps, suggesting undervaluation.