Contract Revenue ImpactGiven the current outlook, we have adjusted our long-term forecasts amid the recognition that the company's revenue base—while meaningfully more diversified currently than in the past—may not benefit from large contracts as much as in the past.
Customer Order TrendsWe expect a gradual decline in ordering from its longtime largest customer, although this should be offset by new contracts.
Revenue PerformanceThe company recorded total revenue of $15.9M, modestly below our forecast of $16.8M.