Dot Ai secures $1.27 million in new orders, expands production

LAS VEGAS - Dot Ai (NASDAQ:DAIC), an IoT and AI-based SaaS company specializing in Asset Intelligence technology, has secured $1.27 million in new orders for its hardware platform, the company announced Thursday in a press release. The orders represent a significant opportunity for the small-cap company, which currently has a market value of $91.48 million and generated $450,000 in revenue over the last twelve months. According to InvestingPro data, the company faces profitability challenges with negative gross margins of nearly 50%.

To meet increasing demand, Dot Ai will add a second shift at its Barceloneta, Puerto Rico manufacturing facility and install additional capital equipment. The facility, which began operations earlier this year, serves as the company’s central manufacturing hub for its patent-pending Zero Infrastructure Mesh (ZiM) Bridge and industrial-grade smart asset tags. With the company’s next earnings report due in 7 days, investors following InvestingPro metrics note concerns about the company’s liquidity position, as its current ratio stands at 0.14.

"These new orders represent another important milestone as we continue to execute on our business plan and scale manufacturing of our innovative technology," said Ed Nabrotzky, CEO of Dot Ai.

The orders come from multiple industry sectors, including logistics and manufacturing, reflecting the broad applicability of the company’s Asset Intelligence platform. The Puerto Rico facility has already created several full-time, highly skilled positions since becoming operational.

Dot Ai’s technology provides in-process asset visibility and predictive intelligence that integrates with existing infrastructure. The company claims its solutions enable organizations to increase revenue, improve customer experience, enhance security, and reduce operational risk.

The expansion in Puerto Rico aligns with the company’s stated commitment to advancing high-tech manufacturing and fostering economic growth on the island, leveraging its skilled workforce and strategic location to serve U.S. and global markets.

According to the press release, this expansion marks the first step in Dot Ai’s broader manufacturing strategy, with plans to scale production across additional geographies over time. InvestingPro analysis reveals the company’s overall financial health score as WEAK, with 8 additional key insights available to subscribers looking to make informed investment decisions.

In other recent news, Dot Ai has announced the appointment of two new directors, Janice Bryant Howroyd and Walter Skowronski, to its Board of Directors. This move comes after the resignations of Holly Grey and Joanna Burkey, allowing the company to maintain its seven-member board structure. Skowronski, with over 40 years of experience as a senior financial executive, has been appointed as the chair of the audit committee and designated as an audit committee financial expert under SEC rules. In addition, Dot Ai has launched a limited production run of its ZiM Bridge device, which is now available for early orders. The ZiM Bridge is a smartphone-sized device designed to automate asset tracking in environments like warehouses and manufacturing plants. This innovation aims to replace manual inventory management tools, such as RFID hand-scanners. These developments reflect Dot Ai’s ongoing efforts to enhance its leadership and product offerings.

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