CID Holdco, Inc. (NASDAQ: DAIC)

CID Holdco Inc provides businesses with solutions that optimize safety security and efficiency through in process tracking of resources using Industrial IoT and tracking technologies including passive and active RFID AI enabled cameras and low power edge platforms The company focuses on areas such as indoor and outdoor tracking with seamless transitions Dolly management and related supported software applications to deliver asset tracking platform capabilities for near real time precision based location technology CID Holdco Inc serves multiple industries including construction military mining retail warehousing and manufacturing

CID Holdco Inc generates revenue primarily through a SaaS platform for customer subscriptions that provides intelligent real time tracking and visibility of high value assets from a single application The company also derives revenue from hardware manufacturing through its wholly owned subsidiary Dot Works in Puerto Rico and from professional services related to its technology solutions Revenue is concentrated among a limited number of customers with one customer representing a significant portion of total revenue The company monitors creditworthiness of its customers and believes its credit risk is limited due to their financial strength and payment history

The company operates through the following segments:

• Asset Tracking Platform This segment includes the development and delivery of a SaaS based asset tracking platform that enables real time tracking and visibility of high value assets using intelligent software algorithms machine learning and AI to enhance safety assurance and efficiency in enterprise processes.

• Hardware Manufacturing This segment involves the production of selected tags and bridges specific to the company's unique tracking system through its wholly owned subsidiary Dot Works located in Manati Puerto Rico.

• Professional Services This segment encompasses installation scripting and commercialization activities required for future customers to activate their license and commercially use the software product including development test compliance and commercialization activities to prepare modules for sale to the general market.

CID Holdco Inc operates in a highly fragmented asset personnel and material flow management industry where most vendors offer software and or hardware solutions targeting specific verticals or solution sets Key competitors include Zebra Technologies Corporation Samsara Inc and HID Global along with niche players such as Link Labs Cognosos True Spot Radiant RFID Savi and Inpixion The company differentiates itself through its use of low cost passive transponders long range radio network up to 15 miles reliable asset identification at two sigma 95 percent or three sigma 99 7 percent friendly country sourcing from DFAR compliant countries and integration capabilities with ERP MES or WMS systems as an edge module for enhanced visibility safety assurance and execution

CID Holdco Inc serves customers across construction military mining retail warehousing manufacturing healthcare aviation and logistics industries Specific customer names are not disclosed in the filing but the company indicates that a majority of revenue is derived from a small group of customers with one customer representing a significant portion of total revenue The company monitors creditworthiness of these customers and believes its credit risk is limited due to their financial strength and payment history