Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations

v3.22.1
Customer and Supplier Concentrations
 9 Months Ended
Mar. 31, 2022
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentration

No single customer provided 10 percent or more of the Company's revenues for three and nine months ended March 31, 2022.

Customers providing 10 percent or more of the Company's accounts receivable as of March 31, 2022 are presented on a comparative basis (to June 30, 2021) in the table below.

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2022

 

 

June 30, 2021

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total accounts receivable

 

$

65,636

 

 

 

100.0

%

 

$

89,000

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

Morgan Stanley

 

$

9,190

 

 

 

14.0

%

 

$

—

 

 

 

0.0

%

 

 

No single customer provided 10 percent or more of the Company's secured loan receivable balances as of March 31, 2022.

Supplier Concentration

The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.