CUSTOMER CONCENTRATIONS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| CUSTOMER CONCENTRATIONS | NOTE 14 – CUSTOMER CONCENTRATIONS The majority of the Company’s consolidated revenues relate to performance by the Power Industry Services segment. The following schedule presents the percentage of consolidated revenues for each reportable segment for the respective periods:
The Company’s most significant customer relationships for the three months ended July 31, 2025 included three Power Industry Services customers, which accounted for 30%, 17% and 13% of consolidated revenues. The Company’s most significant customer relationships for the three months ended July 31, 2024 included three Power Industry Services customers, which accounted for 27%, 14%, and 12% of consolidated revenues. The Company’s most significant customer relationships for the six months ended July 31, 2025 included two Power Industry Services customers, which accounted for 27% and 23% of consolidated revenues. The Company’s most significant customer relationships for the six months ended July 31, 2024 included three Power Industry Services customers, which accounted for 28%, 13%, and 10% of consolidated revenues. The accounts receivable balances from three major customers represented 29%, 23%, and 14% of the corresponding consolidated balance as of July 31, 2025. The accounts receivable balances from four major customers represented 22%, 16%, 13%, and 10% of the corresponding consolidated balance as of January 31, 2025. The contract asset balances attributable to four major customers represented 33%, 15%, 11%, and 10% of the corresponding consolidated balance as of July 31, 2025, and the contract asset balances attributable to four major customers represented 26%, 15%, 15% and 13% of the corresponding consolidated balance as of January 31, 2025. |
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