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Significant Customers & Concentration of Credit Risk
6 Months Ended
Jun. 30, 2020
Risks and Uncertainties [Abstract]  
Significant Customers & Concentration of Credit Risk Significant Customers & Concentration of Credit Risk
We have a market concentration of revenue in both the automotive sector and financial & insurance sector. Revenue from the automotive sector accounted for approximately 24% and 29% of our consolidated revenue for the six months ended June 30, 2020 and 2019, respectively. In addition, we have a concentration of revenue from a single automotive customer, which accounted for approximately 13% and 14% of our consolidated revenue for the six months ended June 30, 2020 and 2019, respectively. As of June 30, 2020, accounts receivable from a single automotive customer totaled $15.1 million, or 15%, of our consolidated accounts receivable balance.

Revenue from the financial & insurance sector accounted for approximately 16% and 15% of our consolidated revenue for the six months ended June 30, 2020 and 2019, respectively. In addition, we have a concentration of revenue from a single financial services customer, which accounted for approximately 9% and 11% of our consolidated revenue for the six months ended June 30, 2020 and 2019, respectively. As of June 30, 2020, billed and unbilled accounts receivable from a single financial services customer totaled $8.7 million, or 6%, of our consolidated accounts receivable and unbilled revenue balances.

The Company also has a concentration of revenue from the United States government. For the six months ended June 30, 2020 and 2019, respectively, sales to the United States government and its agencies represented approximately 11% and 8%, of the Company’s consolidated revenue. Revenue was derived from many separate contracts with a variety of government agencies that are regarded by the Company as separate customers.
No other single customer accounted for more than 10% of our consolidated revenue for the six months ended June 30, 2020 or 2019 or consolidated accounts receivable balance as of June 30, 2020.