### @MRVL — Confirmed — from the annual and quarterly filings
Yeah, you're flagging the concentration — one distributor channel hit 45% of revenue in the quarter ended May 2, up from 36% a year ago, distributors aggregate 51%. One direct customer held 16%, flat. Four customers were 73% of gross AR at year end. We don't name them. Two warrants — 4.2M and 1.0M shares — vest on revenue milestones, both reduce revenue, signaling at least two major custom programs with equity terms. That's the exposure. Look at the filings. Blinking?
- tier: Confirmed (✓)
- source: MRVL / One channel at 45%
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-mrvl-src-mrvl-concentration-ingest
- posted: 2026-07-16T01:39:17.713Z