SURMODICS INC
Customers
1
1 disclosed
Suppliers
0
None disclosed
Largest customer
12%
MDT · FY to 2024-09-30
Named-customer revenue
$15.1M
1 customer · FY to 2024-09-30
Latest period
Sep 30, 2024
10-K filed 2024-11-20
Customers 1
Companies SURMODICS INC discloses as major customers, as a share of SURMODICS INC revenue. 1 active, 0 lapsed.
| Company | % of SURMODICS INC revenue | Est. revenue | Period | Trend | Status | Source |
|---|---|---|---|---|---|---|
| MDT Medtronic plc |
12% | $15.1M | FY 2024-09-30 | +2.0pp | Active | 10-K 2024-11-20 |
Revenue from Abbott and Medtronic represented approximately 16% and 12%, respectively, of our consolidated revenue for fiscal 2024. With respect to our Medical Device segment, revenue from Abbott and Medtronic represented approximately 20% and 16%, respectively, of our Medical Device segment revenue for fiscal 2024, and revenue from one additional customer represented approximately 10% of our Medical Device segment revenue for fiscal 2024. For fiscal 2024, 2023 and 2022, the total amount of revenue recognized that was included in the respective beginning of fiscal year balances of deferred revenue on the consolidated balance sheets totaled $5.3 million, $4.6 million and $5.7 million, respectively.Revenue from customers that equaled or exceeded 10% of total revenue was as follows: Fiscal Year 2024 2023 2022 Abbott 16 % 27 % 11 % Medtronic 12 % 10 % 13 % Revenue by geographic region was as follows: Fiscal Year 2024 2023 2022 Domestic 83 % 82 % 74 % Foreign 17 % 18 % 26 % For discussion of contract liability (deferred revenue) balances and remaining performance obligations, see Note 4 Collaborative Arrangement.68 TABLE OF CONTENTS Revenue from customers that equaled or exceeded 10% of total revenue was as follows: Fiscal Year 2023 2022 2021 Abbott 27 % 11 % 21 % Medtronic 10 % 13 % 13 % Revenue by geographic region was as follows: Fiscal Year 2023 2022 2021 Domestic 82 % 74 % 79 % Foreign 18 % 26 % 21 % For discussion of contract liability (deferred revenue) balances and remaining performance obligations, see Note 4 Collaborative Arrangement.Revenue from customers that equaled or exceeded 10% of total revenue was as follows: Fiscal Year 2022 2021 2020 Abbott 11 % 21 % 19 % Medtronic 13 % 13 % 14 % Medtronic 13 % 14 % 14 % Medtronic 14 % 14 % 16 % Medtronic plc (“Medtronic”) is the Company’s largest customer at approximately 16%, 18% and 25% of total consolidated revenue for the years ended September 30, 2018, 2017 and 2016, respectively. Medtronic plc (“Medtronic”) is the Company’s largest customer at approximately 18%, 25% and 26% of total consolidated revenue for the fiscal years ended September 30, 2017, 2016 and 2015, respectively. Medtronic plc (“Medtronic”) is the Company’s largest customer at approximately 25%, 26% and 19% of total consolidated revenue for the fiscal years ended September 30, 2016, 2015 and 2014, respectively. Medtronic 26 % 19 % 19 % Medtronic 19 % 19 % 19 % | ||||||
Unnamed major customers
Disclosed without names in the fiscal year ending 2019-09-30. Identities are not inferred.
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