During the corresponding time, Phi Inc saw a revenue deteriorated by -2.41 % year on year, sequentially revenue grew by 8.74 %. While revenue at the Phi Inc's corporate clients
Phi Inc's Comment on Sales, Marketing and Customers
Our principal customers are major integrated energy companies and independent
exploration and production companies. We also serve oil and gas service companies,
hospitals and medical programs under the independent provider model, government
agencies, and other aircraft owners and operators. Our five largest customers
paid us 49% of our consolidated operating revenues. Our largest customer is in
our Oil and Gas segment and accounted for 17% of our consolidated operating revenues.
Also, another customer in our Oil and Gas segment accounted for 13% of our consolidated
operating revenues. Our largest customer in our Air Medical and Technical Services
segments accounted for 10% of our consolidated operating revenues.