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Business Segment and Geographic Reporting
 9 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segment and Geographic Reporting

Note 18 — Business Segment and Geographic Reporting

 

Management has determined that the Company has one operating segment. The Company’s reporting segment reflects the manner in which its chief operating decision maker (“CODM”) reviews results and allocates resources. The CODM reviews operating segment performance exclusive of: share-based compensation expense, amortization of intangible assets, depreciation, and other expenses (including legal fees, expenses, and accruals) related to acquisitions, associated integration activities, and certain other non-cash charges.

 

The Company’s single operating segment is also consistent with our internal organizational structure, the way we assess operating performance and allocate sources.

 

Customers

 

The Company has one external customer that accounts for more than 10% of its revenue during the nine months ended December 31, 2021 and 2020. Such customer is an original equipment manufacturer (the “OEM”) who provides premium Slacker service in all of their new vehicles. Total revenues for this customer were 25% and 38% of the Company’s consolidated revenues for the nine months ended December 31, 2021 and 2020, respectively. For the three months ended December 31, 2021 and 2020, one external customer accounted for 26% and 30% of the Company’s consolidated revenues, respectively.

 

Geographic Information

 

The Company creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships, subscriptions and live and virtual events. All material revenues of the Company are derived from the United States. All long-lived assets of the Company are located in the United States.