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Significant Customers
3 Months Ended
Sep. 30, 2018
Significant Customers  
Significant Customers

NOTE 13 – Significant Customers

 

The concentration of the Company’s business with a relatively small number of customers may expose it to a material adverse effect if one or more of these large customers were to experience financial difficulty or were to cease being a customer for non-financial related issues.  The Company’s revenue concentrations of 5% or greater are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of Sales

 

 

Customer

 

2019

    

    

2018

 

 

1 (a)

 

13.1

%

 

6.0

%

 

2 (b)

 

10.8

%

 

9.1

%

 

3 (a)

 

10.6

%

 

5.5

%

 

4 (a)

 

8.2

%

 

10.2

%

 

5 (b)

 

**

 

 

6.2

%

 

Total

 

42.7

%  

 

37.0

%

 


** Customer represented less than 5% of sales for the periods presented.

(a)

Revenue from this customer is generated through our Precision Components Group segment.

(b)

Revenue from this customer is generated through our Stamping Group segment.

 

The Company’s accounts receivable concentrations of 5% or greater for the above-listed customers are as follows:

 

 

 

 

 

 

 

 

 

 

Percentage of Receivables

 

 

 

 

 

 

 

 

 

Customer

 

2019

    

2018

 

 

1

 

10.5

%  

8.6

%

 

2

 

9.4

%  

8.8

%

 

3

 

5.8

%  

11.5

%

 

4

 

10.0

%  

**

%

 

5

 

**

%  

**

%

 

6

 

**

%  

5.3

%

 

Total

 

35.7

%  

34.2

%

 

 

** Customer represented less than 5% of accounts receivable for the periods presented.