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Note 6 - Disaggregation of Revenue and Major Customers

9 Months Ended

Nov. 30, 2024

Disaggregation of Revenue and Major Customers [Text Block]

6.	DISAGGREGATION OF REVENUE AND MAJOR CUSTOMERS

Revenues from domestic and export sales are attributed to a global geographic region according to the location of the customer’s primary manufacturing or operating facilities. Revenues from domestic and export sales to unaffiliated customers for the three months ended November 30, 2024, and November 30, 2023, respectively are as follows:

Geographic Region	November 30, 2024		November 30, 2023
Europe and Australia	$	13,000	$	1,000
Canada and Latin America		-		1,000
Far East and Middle East		-		-
United States		3,356,000		4,134,000
Totals	$	3,369,000	$	4,136,000

For the three months ended November 30, 2024 and November 30, 2023, approximately 55% and 64%, respectively, of the Company’s sales have been attributable to contracts with customers whose products are sold to the United States government. The remaining 45% and 36%, respectively of sales are for non-military, scientific and industrial applications, or to distributors where we do not have end user information.

Revenues from domestic and export sales to unaffiliated customers for the nine months ended November 30, 2024, and November 30, 2023, respectively are as follows:

Geographic Region	November 30, 2024		November 30, 2023
Europe and Australia	$	46,000	$	4,000
Canada and Latin America		-		2,000
Far East and Middle East		-		-
United States		10,871,000		8,747,000
Totals	$	10,917,000	$	8,753,000

For the nine months ended November 30, 2024 and November 30, 2023, approximately 55% and 78%, respectively, of the Company’s sales have been attributable to contracts with customers whose products are sold to the United States government. The remaining 45% and 22%, respectively of sales are for non-military, scientific and industrial applications, or to distributors where we do not have end user information.

Customers who contributed ten percent or more of revenues for the three months ended November 30, 2024, and November 30, 2023, respectively are as follows:

Customer	November 30, 2024			Customer	November 30, 2023
1. RTX (Raytheon)		41	%	1. ConMed Linvatec		29	%
2. ConMed Linvatec		31	%	2. RTX (Raytheon)		28	%
				3. L3Harris		19	%
Totals		72	%	Totals		76	%

Customers who contributed ten percent or more of revenues for the nine months ended November 30, 2024 and November 30, 2023, respectively are as follows:

Customer	November 30, 2024			Customer	November 30, 2023
1. ConMed Linvatec		35	%	1. RTX (Raytheon)		39	%
2. RTX (Raytheon)		31	%	2. L3Harris		17	%
				3. ConMed Linvatec		14	%
Totals		66	%	Totals		70	%