MFCO - The one large OEM customer accounted for 14% of revs in 2013 so that customer has been there for a while.
Looks like the one oem customer accounted for 21% of 2012 revs.
Sales to one OEM customer represented approximately 14 % of total sales for the fiscal year ended September 30, 201 3 compared to approximately 21 % of total sales for the fiscal year ended September 30, 201 2 .
Lets find out about 2011 Hmmm 18%
Sales to one OEM customer represented approximately 21% of total sales for the fiscal year ended September 30, 2012 compared to approximately 18% of total sales for the fiscal year ended September 30, 2011.
OK how about 2010 15%
Sales to one OEM customer represented approximately 18% of total sales for the fiscal year ended September 30, 2011 compared to approximately 15% of total sales for the fiscal year ended September 30, 2010.
SO this years 25% was better than previous years expecially 2013 which was the worst. I guess this year they will get no OEM revs.
This one customer has made up a significant portion of their revs for years. It looks like the trend in 2014 was a larger order. The backlog is larger this year than it was last despite not knowing what new orders are going to come from this OEM customer.
Plus their other revenue sources are growing toooooooo!
It's gonna be great!
Here is the trend 15, 18, 21, 14, 25
Which year is the outlier? 2013 and besides their other revenue sources re growing too plus Did you see this?
SGA expenses are decreasing despite increasing revs.
Selling, general and administrative (SG&A) expenses decreased $ 76 , 6 24 or 5 . 0 % to $1, 449 , 498 during the fiscal year ended September 30, 201 4 when compared to SG&A expenses of $1, 526 , 122 during the fiscal year ended September 30, 201 3 . The dollar decrease can be attributed to planned decreases in catalog printing and direct mail expenses, lower legal expenses, a decrease in bad debt expense due to a reduction in the allowance for doubtful accounts and lower depreciation expense offset by increases in payroll and payroll related expenses. T he Company has been participating in the New York State Shared Work Program which allows employers to reduce the hours of all or a particular group of employees. The employees whose hours are reduced can receive partial unemployment insurance benefits to supplement their lost wages or elect to use accrued vacation.
AI
