SMID · Smith Midland Corp

One customer — 10% of revenue (the six months ended June 30, 2026)

“For the six months ended June 30, 2026, the Company derived 10% of its revenue from one customer.”

2 customers — 24% of revenue (the six months ended June 30, 2025)

“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”

2 customers — 16% of revenue (the three months ended June 30, 2025)

“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”

One customer — 10% of revenue (the six months ended June 30, 2025)

“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”

One customer — 10% of revenue (the three months ended June 30, 2025)

“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”

One customer — 17% of receivables (As of June 30, 2026)

“As of June 30, 2026, one customer’s outstanding receivable balance exceeded 17% of the total outstanding receivable balance.”

3 customers — 10% of receivables (As of June 30, 2025)

“As of June 30, 2025, three customers’ outstanding receivable balance exceeded 10% of the total outstanding receivable balance.”