PARTS iD Inc (OTCPK:IDICQ)
$ 0.002 0.0001 (5.26%) Market Cap: 86,000.00 Enterprise Value: 7.93 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 0/100

PARTS iD Inc at ICR Conference (Virtual) Transcript

Jan 10, 2022 / 03:30PM GMT
Release Date Price: $2.08 (-2.80%)
Mike Baker
D.A. Davidson Companies - Analyst

Okay. Hi, everybody. I'm Mike Baker, one of the consumer analysts from D.A. Davidson. And I'm pleased to be introducing the management team from PARTS iD; ticker is ID. We picked up ID about a year ago and see it as one of the most innovative and intriguing small-cap names in our space due to, what I think, is a very unique way that they go to market within the auto parts space.

The management team will discuss it in more detail, but it's an asset-light model that allows them to generate sales with very little capital investment. I think the best stat to illustrate that is that over the last 12 months, they generated nearly $450 million in sales but have averaged just $5 million in inventory on their books over that time, which I think is pretty amazing.

I'm going to introduce the CEO, Nino Ciappina. We also have Ajay Roy, the Chief Operating Officer; and the CFO, Kailas Agrawal. They will give a quick five maybe minute -- 5- to 10-minute presentation, and then we will run through a Q&A session. So I think Nino, why don't -- I think it's

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