CUSTOMER CONCENTRATIONS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Jan. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| CUSTOMER CONCENTRATIONS | NOTE 15 – CUSTOMER CONCENTRATIONS The following schedule presents the percentages of consolidated revenues for each reportable business segment for Fiscal 2026, Fiscal 2025, and Fiscal 2024:
For Fiscal 2026, the Company’s most significant customer relationships included three Power customers, which accounted for 23%, 16% and 11% of consolidated revenues. For Fiscal 2025, the Company’s most significant customer relationships included three Power customers, which accounted for 28%, 13% and 10% of consolidated revenues. For Fiscal 2024, the Company’s most significant customer relationships included three Power customers which accounted for 19%, 16% and 15% of consolidated revenues. Accounts receivable balances from three major customers represented 29%, 19%, and 11% of the corresponding consolidated balance as of January 31, 2026, and accounts receivable balances from four major customers represented 22%, 16%, 13% and 10% of the corresponding consolidated balance as of January 31, 2025. Contract asset balances attributable to three major customers represented 23%, 22%, and 19% of the corresponding consolidated balance as of January 31, 2026, and 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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