Guidance: Daniel Fleming: We expect Q2 non GAAP gross margin to be within a range of 67% to 69%.
Demand and orders: Daniel Fleming: Year over year, revenue grew 115%, Q1 marks another revenue record driven by substantial year over year growth across 4 domestic customers, and marks our seventh consecutive quarter of triple digit revenue growth year over year.
Margins: Daniel Fleming: Our team delivered Q1 non GAAP gross margin of 68% at the midpoint of our guidance range.
Analyst Q&A
Analyst Sean O'Loughlin asked: Maybe we could just you know, get some blocking and tackling on the Daniel, you mentioned the 3 to 4 customers. Will be greater than 10% and you are continuing to diversify. Management Daniel Fleming answered: Yeah. Sure. Let me start with just the percentages of those, 10% plus customers. So our largest customer was a third of our revenue at 33%; second largest, 28%; and then followed by 13% and 10%. Those top 3 customers were similar to or the same 3 as in the prior quarter. A slightly different order. 1 thing to note, our fourth 10% customer, right at 10%, was different from our 10%, you know, fourth customer last quarter. They have been a 10% customer in the past.
