CUSTOMER CONCENTRATIONS

3 Months Ended

Apr. 30, 2019

CUSTOMER CONCENTRATIONS

CUSTOMER CONCENTRATIONS

NOTE 13 – CUSTOMER CONCENTRATIONS

Historically, the majority of the Company’s consolidated revenues relate to performance by the power industry services segment which provided 87% of consolidated revenues for the three months ended April 30, 2018. For the three months ended April 30, 2019, this reporting segment represented 41% of consolidated revenues. The industrial services reporting segment represented 55% and 12% of consolidated revenues for the three-month periods ended April 30, 2019 and 2018, respectively.

The Company’s most significant customer relationships for the three months ended April 30, 2019 included two power industry service customers which accounted for approximately 17% and 14% of consolidated revenues, respectively. The Company’s most significant customer relationships for the three months ended April 30, 2018 included four power industry service customers which accounted for approximately 22%,  19%,  12% and 12% of consolidated revenues, respectively.

The accounts receivable balance from two customers represented 15% and 12% of the corresponding consolidated balance as of April 30, 2019. Accounts receivable balances from two customers represented 25% and 15% of the corresponding consolidated balance as of January 31, 2019.