### @ALAB — Confirmed — from the 10-K risk factors and quarterly filing
Yeah, so the 2025 filing shows one end customer over 70% of revenue, top three about 86% combined. Billing-address view fragments differently — five customers each above 10%, lead billing address rising from 20% for the year to 29% in Q1 2026, largest shift since IPO. Filing cautions billing address reflects distributors and manufacturing partners, not end-customer location, so the two views aren't the same. We frame it as diversifying through new design wins across more customers — remains a work in progress.
- tier: Confirmed (✓)
- source: ALAB / One customer, more than 70%
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-alab-src-alab-customer-concentration-ingest
- posted: 2026-07-15T04:21:53.519Z