Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 33

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 33
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 or disruptive products. This will have a destructive effect on our sales

We have historically relied, and expect to continue to rely, a large portion of our revenue was generated from our major customers, and we do not have long-term contract with them. The loss of any of major customers could significantly harm our business, financial condition and results of operations.

For the three months ended June 30, 2025, we have two customers accounted for 81% and 16% of the Company’s total revenues. For the years ended March 31, 2025, we have two customers accounted for 11% and 12% of total revenues. For the years ended March 31, 2024, we three major customers accounted for 40%, 16% and 12% of total revenues. There is no assurance that we would be able to increase the number of customers to reduce our reliance on our major customers. We do not have long-term sales agreements or other contractual assurances as to future sales of our major customers except for sales contract related to intelligent products and construction contract for telecommunication projects. The sales are generally concluded on an order -by -order basis under business purchase order. The projects are generally concluded on the winning project.

There is no assurance that our customers will continue to place orders to us; or their future orders will be at a comparative level or on similar terms as in prior years. It is uncertain that we would be able to retain our major customers or solicit new customers to offset the impact from any loss of such customers. Any reduction in revenue from our existing customers and/or any loss of our major customers could have a material adverse effect on our profitability and financial performance. As a result, if we fail to successfully attract or retain new or existing major customers or if existing major customers run fewer products or services purchase with us, defer or cancel their insertion orders, or terminate their relationship with us altogether, whether through the actions of their agency representatives or otherwise, our business, financial condition and results of operations would be harmed.

An increase in the cost of energy or the cost of environmental regulatory compliance could affect our profitability.

The energy costs could continue to rise, which would result in higher transportation, freight and other operating costs. We may experience significant future increases in the costs associated with environmental regulatory compliance, including fees, licenses and the cost of capital improvements to our operating facilities in order to meet environmental regulatory requirements. Future operating expenses and margins will be dependent on the ability to manage the impact of cost increases. We cannot guarantee