RVBD » Topics » Concentration of Credit Risk

These excerpts taken from the RVBD 8-K filed Apr 30, 2009.

Concentration of Credit Risk

The Company maintains its cash and cash equivalent balances with an accredited financial institution. The Company does not require collateral. The Company performs ongoing evaluations of customers’ financial condition, and has not historically experienced significant credit losses related to receivables from individual customers or groups of customers in any particular industry or geographic area.

For the nine-months ended September 30, 2008 and 2007, no customer comprised more than 10% of total revenues. At September 30, 2008, one customer, “Customer A”, represented 11% of total accounts receivable. At September 30, 2007, one customer, “Customer B”, represented 12% of total accounts receivable.

Concentration of Credit Risk

The Company maintains its cash and cash equivalents balances with an accredited financial institution. The Company does not require collateral. The Company performs ongoing evaluations of customers’ financial condition, and has not historically experienced significant credit losses related to receivables from individual customers or groups of customers in any particular industry or geographic area.

For the year ended December 31, 2007, no customer comprised more than 10% of total revenues. For the year ended December 31, 2006, one customer, “Customer A”, comprised 13% of total revenues. At December 31, 2007, one customer, “Customer B”, represented 16% of total accounts receivable. At December 31, 2006, one customer, “Customer C”, represented 14% of total accounts receivable.

This excerpt taken from the RVBD 10-Q filed Apr 27, 2007.

Concentration of Credit Risk

Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, marketable securities, and trade receivables. Investment policies have been implemented that limit investments to investment grade securities. The risk with respect to trade receivables is mitigated by credit evaluations we perform on our customers and by the diversification of our customer base. Collateral is not required for trade receivables. We derived 15 % of our revenue, approximately $6.4 million, from one customer in the three months ended March 31, 2007. This revenue was domestic and generated in our indirect sales channel. No customers represented more than 10% of our revenue for the three months ended March 31, 2006.

We outsource the production of our hardware to third-party manufacturing facilities. Some of the components in our products are available only from limited sources of supply. Through March 31, 2007, we had no long-term contractual commitment with any manufacture.

This excerpt taken from the RVBD 10-K filed Feb 9, 2007.

Concentration of Credit Risk

Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, marketable securities and trade receivables. Investment policies have been implemented that limit investments to investment grade securities. The risk with respect to trade receivables is mitigated by credit evaluations we perform on our customers and by the diversification of our customer base. Collateral is not required for trade receivables. We did not have any customer that represented more than 10% of our revenue in 2006 or 2005. In 2004, we had one customer that represented 10.4% of revenue.

We outsource the production of our hardware to third-party manufacturing facilities. Some of the components in our products are available only from single or limited sources of supply. Through December 31, 2006, we had no long-term contractual commitment with any manufacturer.

This excerpt taken from the RVBD 10-Q filed Oct 31, 2006.

Concentration of Credit Risk

Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents and trade receivables. Investment policies have been implemented that limit investments to investment grade securities. The risk with respect to trade receivables is mitigated by credit evaluations we perform on our customers and by the diversification of our customer base. Collateral is not required for trade receivables. In the quarter ended September 30, 2006, we had one customer that represented approximately 13% of revenue. In the quarter ended September 30, 2005, we had one customer that represented approximately 11% of revenue. We did not have any customer that represented more than 10% of our respective revenue for the first nine months of 2006 or 2005.

We outsource the production of our hardware to third-party manufacturing facilities. Through September 30, 2006, we had no long term contractual commitments with any manufacturer.

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