v3.26.1
CLIENT CONCENTRATIONS
 6 Months Ended
Apr. 30, 2026
Risks and Uncertainties [Abstract]  
CLIENT CONCENTRATIONS

NOTE 11: CLIENT CONCENTRATIONS

 

Four customers accounted for 96% of the Company’s outstanding receivables on April 30, 2026 and four customers accounted for 99% of the Company’s outstanding receivables on October 31, 2025. The table below summarizes the revenue concentrations by customer as of April 30, 2026, and October 31, 2025:

  Revenue Concentration 
   April 30,   October 31 
Company  2026   2025 
A   39%    45% 
B   26%    31% 
C   22%    17% 
D   9%    6% 
    96%    99% 

 

For the three months ended April 30, 2026 and 2025, the Company’s revenue was concentrated amongst five and nine customers, respectively. For the three months ended April 30, 2026, 93% of all revenue was obtained from government sources either as a direct contractor or subcontractor with the remaining 7% from a private customer. For the three months ended April 30, 2025, 57% of all revenue was obtained from government sources either as a direct contractor or subcontractor, with the remaining 43% of revenue from private customers.

 

For the six months ended April 30, 2026 and 2025, the Company’s revenue was concentrated amongst five and nine customers, respectively. For the six months ended April 30, 2026, 84% of all revenue was obtained from government sources either as a direct contractor or subcontractor with the remaining 16% from a private customer. For the six months ended April 30, 2025, 67% of all revenue was obtained from government sources either as a direct contractor or subcontractor, with the remaining 33% of revenue from private customers.