Q: Just a follow-up to your recent answer on ADF, does any “single customer” type risk exist with this company or do they have a broad base of clients? Thanks,
5i Research Answer:
DRX is a smaller name ($396M market cap) and roughly one third of its revenue for the quarter was impacted by the delay of one customer, and so while they do not specifically break out customer concentration, it is likely that there is customer concentration risk. Particularly being a smaller name.