QBAK · Qualstar Corp · Documents

One customer — 23.5% of revenue (the twelve months ended December 31, 2019)

“Revenues from Qualstar’s largest customer totaled approximately 23.5% and 12.6% of revenues for the twelve months ended December 31, 2019 and 2018, respectively.”

One customer — 23.4% of receivables (At December 31, 2019)

“At December 31, 2019, the largest customer’s accounts receivable balance, net of specific allowances, totaled approximately 23.4% of net accounts receivable.”