CUSTOMER CONCENTRATIONS

12 Months Ended

Jan. 31, 2019

CUSTOMER CONCENTRATIONS

CUSTOMER CONCENTRATIONS

NOTE 16 – CUSTOMER CONCENTRATIONS

The majority of the Company’s consolidated revenues relate to performance by the power industry services segment which provided 76%,  91% and 87% of consolidated revenues for Fiscal 2019, 2018 and 2017, respectively.

For Fiscal 2019, the Company’s most significant customer relationships included four power industry service customers which accounted for 16%,  14%,  12% and 10% of consolidated revenues, respectively. For Fiscal 2018, the Company’s most significant customer relationships included four power industry service customers which accounted for 29%,  26%,  15% and 14% of consolidated revenues, respectively. For Fiscal 2017, the Company’s most significant customer relationships included five power industry service customers which accounted for 20%,  18%,  17%,  14% and 10% of consolidated revenues, respectively.

Amounts retained by five project owners were $5.8 million, $4.5 million, $1.6 million, $1.3 million and $1.0 million as of January 31, 2019, respectively, which in the aggregate represented 93% of the total customer retention amount at that date. Amounts retained by five project owners were $19.3 million, $18.7 million, $14.1 million, $13.4 million and $3.2 million as of January 31, 2018, respectively, which in the aggregate represented 99% of the total customer retention amount at that date.

The accounts receivable balances from two major customers represented 25% and 15% of the corresponding consolidated balance as of January 31, 2019, and accounts receivable balances from two major customers each represented 17% of the corresponding consolidated balance as of January 31, 2018.