BSQR has lost its largest customer to Microsoft:
biz.yahoo.com
Form 8-K for BSQUARE CORP /WA
11-Mar-2005
Other Events
Item 8.01. Other Events.
On March 4, 2005, BSQUARE Corporation was informed by Cardinal Healthcare Systems that it would begin purchasing Microsoft Embedded operating systems from one of the company's competitors and discontinue purchasing from BSQUARE no later than the second calendar quarter of 2005. Cardinal Healthcare Systems represented 16%, or $1.4 million, and 19%, or $7.4 million, of the company's total revenue for the quarter and year ended December 31, 2004, respectively. Cardinal Healthcare Systems represented 7%, or $140,000, and 6%, or $590,000, of the company's total gross profit margin for those same periods. Cardinal Healthcare Systems was the company's largest customer, as measured in revenue, for the year ended December 31, 2004. |
