Risk Concentrations

9 Months Ended

Sep. 30, 2024

Risk Concentrations

Risk Concentrations

Note 11 — Risk Concentrations

Customer Concentrations 

During the three months ended September 30, 2024, three customers accounted for approximately 18%, 11% and 10%, respectively, of the Company’s consolidated revenues. During the nine months ended September 30, 2024, three customers accounted for approximately 16%, 11% and 10%, respectively, of the Company’s consolidated revenues. As of September 30, 2024, approximately 41% of the net accounts receivable balance was due from these three customers.

During the three and nine months ended September 30, 2023, one customer accounted for approximately 11% and 10%, respectively, of the Company’s consolidated revenue. As of September 30, 2023, approximately 7% of the net accounts receivable balance, in aggregate, was due from this customer.