Quarterly report pursuant to Section 13 or 15(d)

Customer Concentration

Customer Concentration

3 Months Ended

Mar. 31, 2018

Note 13. Customer Concentration

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

	Revenues				% of Total Revenue
	2018		2017		2018			2017
Customer A	$	18,658	$	—		23	%		—	%
Customer B	$	15,646	$	—		19	%		—	%
Customer C	$	10,619	$	—		13	%		—	%
Customer M	$	—	$	3,967		—	%		78	%

	Accounts Receivable				% of Total Accounts Receivable
	2018		2017		2018			2017
Customer A	$	10,814	$	—		22	%		—	%
Customer B	$	5,744	$	—		12	%		—	%
Customer C	$	6,947	$	—		14	%		—	%
Customer M	$	—	$	6,989		—			70	%

Revenue from the Predecessors major customers as of March 31, 2017 are as follows:

	Revenues		% of Total Revenue
	(Predecessor)
	2017
Customer D	$	11,615		29	%
Customer E	$	6,905		17	%
Customer F	$	6,692		17	%

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.