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These excerpts taken from the HILL 10-K filed Mar 17, 2008. Concentration
of Credit Risk
Financial instruments that potentially subject us to
concentrations of credit risk consist primarily of trade
accounts receivable. We do not require collateral or other
securities to support customer receivables. A majority of our
net revenue is derived from a limited number of customers. For
the years ended December 31, 2005, 2006 and 2007 sales to
one customer accounted for approximately 86%, 82% and 63% of
total sales, respectively. At December 31, 2006 and 2007
our accounts receivable from one customer were approximately 74%
and 48% of total accounts receivable, respectively. Revenues to
another original equipment manufacturer, or OEM, accounted for
12.5% of our net revenue for the year ended December 31,
2007. At December 31, 2007 our accounts receivable from
these customers was approximately $15.8 million.
Our customers have no minimum purchase requirements and have
certain rights to extend, delay or cancel shipment of their
orders without penalty.
Concentration of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of trade accounts receivable. We do not require collateral or other securities to support customer receivables. A majority of our net revenue is derived from a limited number of customers. For the years ended December 31, 2005, 2006 and 2007 sales to one customer accounted for approximately 86%, 82% and 63% of total sales, respectively. At December 31, 2006 and 2007 our accounts receivable from one customer were approximately 74% and 48% of total accounts receivable, respectively. Revenues to another original equipment manufacturer, or OEM, accounted for 12.5% of our net revenue for the year ended December 31, 2007. At December 31, 2007 our accounts receivable from these customers was approximately $15.8 million. Our customers have no minimum purchase requirements and have certain rights to extend, delay or cancel shipment of their orders without penalty. This excerpt taken from the HILL 10-K filed Mar 16, 2007. Concentration
of Credit Risk
Financial instruments that potentially subject us to
concentrations of credit risk consist primarily of trade
accounts receivable. We do not require collateral or other
securities to support customer receivables. A majority of our
net revenue is derived from a limited number of customers. For
the years ended December 31, 2004, 2005 and 2006 sales to
one customer accounted for approximately 86%, 86% and 82% of
total sales, respectively. At December 31, 2005 and 2006
our accounts receivable from one customer were approximately 85%
and 74% of total accounts receivable, respectively. Generally,
our customers have no minimum purchase requirements and have
certain rights to extend, delay or cancel shipment of their
orders without penalty.
This excerpt taken from the HILL 10-K filed Mar 16, 2005. Concentration of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of trade accounts receivable. We do not require collateral or other securities to support customer receivables. A majority of our net revenue is derived from a limited number of customers. For the years ended December 31, 2002, 2003, and 2004 sales to one customer accounted for approximately 25.0%, 83.4%, and 86.3%, respectively. At December 31, 2003 and 2004 our accounts receivable from one customer were approximately 56.0% and 81.6%, respectively. Generally, our customers have no minimum purchase requirements and have certain rights to extend, delay or cancel shipment of their orders without penalty. | EXCERPTS ON THIS PAGE:
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