For the fiscal year ended December 31, 2024, the company’s top two suppliers accounted for 75% and 25% of the total cost of revenues, respectively. In the fiscal year ended December 31, 2023, the top four suppliers accounted for 29%, 26%, 24%, and 10% of the total cost of revenues, respectively. The company relies on a limited number of suppliers for its services. Delays, cost increases, or failure by these suppliers to deliver timely and quality services could adversely affect the company’s business and financial condition. Qualifying new suppliers for complex components is a lengthy process that may impact operations. The company depends on high-quality product support to maintain customer relationships and reputation; increased demand for support without corresponding revenue growth could increase costs and negatively affect results.
Agm Group Holdings's Comment on Supply Chain
For the fiscal year ended December 31, 2024, the company’s top two suppliers accounted for 75% and 25% of the total cost of revenues, respectively. In the fiscal year ended December 31, 2023, the top four suppliers accounted for 29%, 26%, 24%, and 10% of the total cost of revenues, respectively. The company relies on a limited number of suppliers for its services. Delays, cost increases, or failure by these suppliers to deliver timely and quality services could adversely affect the company’s business and financial condition. Qualifying new suppliers for complex components is a lengthy process that may impact operations. The company depends on high-quality product support to maintain customer relationships and reputation; increased demand for support without corresponding revenue growth could increase costs and negatively affect results.
Sources:
Agm Group Holdings Inc.'s official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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