Annual report pursuant to Section 13 and 15(d)

Customer Concentration

Customer Concentration

12 Months Ended

Dec. 31, 2018

NOTE 22. CUSTOMER CONCENTRATION

Accounts receivable and revenue from the Company’s major customers as of December 31, 2018 and 2017 are as follows:

(in thousands)	Revenues				% of Total Revenue
	2018		2017		2018			2017
Customer A	$	47,664	$	—		12	%		—	%
Customer B	$	—	$	49,307		—	%		21	%
Customer C	$	31,512	$	29,972		8	%		14	%

(in thousands)	Revenues (Predecessor)		% of Total Revenue
	For the period Ended April 21, 2017		For the period Ended April 21, 2017
Customer D	$	7,382		21	%
Customer E	$	6,752		19	%
Customer F	$	4,048		12	%

(in thousands)	Accounts Receivable				% of Accounts Receivable
	2018		2017		2018			2017
Customer B	$	—	$	18,477		—	%		30	%
Customer G	$	7,724	$	—		10	%		—	%
Customer C	$	—	$	7,513		—	%		12	%
Customer D	$	8,334	$	—		11	%		—	%

The Company’s customer base is highly concentrated. Revenues are non-recurring, project-based revenues, therefore, it is not unusual for significant period-to-period shifts in customer concentrations. Revenue may significantly decline if the Company were to lose one or more of its significant customers, or if the Company were not able to obtain new customers upon the completion of significant contracts.