BDAINasdaqServices-Prepackaged SoftwareUS GAAP · USD

Biddance AI Systems, Inc.

Biddance AI Systems, Inc. is a British Virgin Islands-incorporated technology company with principal executive offices in Xiamen, China. The company provides IT consulting and solutions services, including anti-counterfeiting tax control devices, related services, hardware sales, and software sales for business customers in China.

Revenue6.5m USD
+125.0 %y/y
Operating profit (EBIT)-1.8m USD
−2.5 %y/y
EBIT margin-27.4%
+32.7 ppy/y
Net income0.2m USD
+120.1 %y/y
Free cash flow-1.7m USD
−96.8 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-202468m USD2020: 5.8 m USD2020: EBIT 1.8 m USD20202021: 6.5 m USD2021: EBIT 2.1 m USD20212022: 6.4 m USD2022: EBIT 1.6 m USD20222023: 4.6 m USD2023: EBIT 0.10 m USD20232024: 2.9 m USD2024: EBIT -1.7 m USD20242025: 6.5 m USD2025: EBIT -1.8 m USD20256.5-1.8
RevenueOperating profit (EBIT)

Business

Share of revenue
ACTCS devices35 %

Tax-control hardware used by small and medium-sized business customers.

ACTCS services15 %

Installation, maintenance, and support services tied to ACTCS deployments.

IT consulting services20 %

General IT and business consulting services for enterprise and SME clients.

Hardware sales15 %

Enterprise hardware products sold to larger business customers.

Software sales15 %

Business software products sold to larger business customers.

Products

Reported · share of revenue
93.5%FY2025100 %
  • Hardware and Equipment Sales93.5 %
  • Tax Services4.1 %
  • Software Sales2.4 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company serves two main customer groups: small and medium-sized businesses that use ACTCS devices and services, and larger businesses that purchase hardware, software, and IT solutions. Its offerings are tied to business compliance and IT infrastructure needs, so customers buy for operational support, tax-control functionality, and broader enterprise systems integration.

Small and medium-sized businesses

Buy ACTCS devices and related services for tax-control compliance and operational use.

Large businesses

Buy hardware sales, software sales, and IT services for enterprise operations.

Business consulting clients

Use IT consulting and business consulting services to support systems and workflows.

Strategy

The company’s strategic framing is to serve as a one-stop destination for IT consulting and business consulting services in China. It combines device-related offerings, hardware, software, and consulting so it can address both compliance-oriented SME needs and broader enterprise IT demand.

Broaden one-stop service offeringMedium term

A wider product set can increase wallet share across customer types.

Deepen SME compliance solutionsShort term

SMEs buy recurring tax-control and support services tied to regulation.

Geography

The company is headquartered in Xiamen, Fujian Province, China, and its operating business described in the reports is focused on China. Its principal executive offices are in Xiamen, while the corporate domicile changed from the Cayman Islands to the British Virgin Islands.

Risks

The business is exposed to concentration in China and to changes in customer demand for tax-control and IT solutions. As a services-and-solutions provider, it also depends on execution, product relevance, and the ability to keep its offerings aligned with business compliance and enterprise technology needs.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →China geographic concentration1Regulatory dependence on tax-control solutions2Competitive pressure in IT services and software3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. China geographic concentrationImpact: HighLikelihood: High

    The company describes its business as focused on China, creating regional dependence.

    Exposure: Revenue and operations

  2. Regulatory dependence on tax-control solutionsImpact: HighLikelihood: Medium

    ACTCS demand is tied to compliance requirements and government-related systems.

    Exposure: ACTCS devices and services

  3. Competitive pressure in IT services and softwareImpact: MediumLikelihood: High

    Enterprise software, hardware, and consulting markets are crowded and price-sensitive.

    ExposureHardwareSoftwareConsulting

Accounting

Judgemental items
Revenue recognition

Different treatment may apply to ACTCS devices, software, and consulting services.

Impact: Affects timing of reported sales and margin profile

Contract timing and service delivery

Services and support may be recognized over time rather than upfront.

Impact: Can shift revenue between periods

Corporate continuation and re-domiciliation costs

The company completed a move from the Cayman Islands to the BVI.

Impact: May create legal, advisory, and one-off corporate expenses

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026