Concentration Risk

9 Months Ended

Sep. 30, 2018

Concentration Risk

Concentration Risk

(19) Concentration Risk

Significant customers. For the three and nine months ended September 30, 2018, the Company derived approximately 23.3% and 23.8% of its total revenues from ATMs placed at the locations of its top five merchant customers, respectively. The Company’s top five merchant customers for the three and nine months ended September 30, 2018 were Walgreens Boots Alliance, Inc., Co-operative Food (in the U.K.), CVS Caremark Corporation, Alimentation Couche-Tard Inc.(in the U.S. and Canada) and Speedway LLC. For the nine months ended September 30, 2018, no individual customer accounted for more than 6% of the Company’s total revenue.

Accordingly, a significant percentage of the Company’s future revenues and operating income will be dependent upon the successful continuation of its relationships with these merchants.