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Napatech
8/21/2024
The Q&A session will now commence. If you would like to ask a question via the telephone line, please press star 1. If you'd like to withdraw your question, please press star 2. If you'll join the call via the webcast, you can submit a written question. We do have a question on the telephone line here from Oystein Lodgaard at ABG. Please go ahead.
Thank you. Good morning. Just starting off with the legacy business. There's one big customer that aren't contributing much to this quarter. Can you say, is there any reason to believe that this customer shouldn't come back to its previous volume contribution in the future?
That's correct. uh as you can see from our historical data then we had many quarters in the last two years where this where one of our biggest clients were around 50 percent of our revenue so obviously this has a very big impact on our first half year um this is mainly due to uh it's due to two things one is that they have a safety stock they're drawing from And this results basically in very few orders to Napatech. Second thing is they also have experienced what the market has experienced over the last half year, very significant, less spend in 24 compared to previous years. So these two things are the reasons. We certainly know that this safety stock will go empty and that will help orders from this client. In addition, we also believe that the market will come back. So yes, we expect this client to come back to normal order situation again.
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