I would say in the first nine months of fiscal 2026 three of our customers each contributed more than 10% of revenue, together about 48.9% – up from two customers at roughly 50.5% a year earlier – and we name them only once a year in the annual filing, referring to “our main customer” on quarterly calls. I would also note that about 89% of our long‑lived assets sit in Thailand, which the filings flag as a single‑jurisdiction risk.

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FN / Narrow customer base, narrow footprint

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/p/p-day-20260727-fn-src-fn-concentration-geography-rotation ↗

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2026-07-27T07:18:05.138Z