PARTS iD Inc at ICR Conference (Virtual) Transcript
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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