right. All Sandra. Thanks,
business we economy. the government drivers, of and of the year, the course, applications, key broad-based QX and, federal of rest overall have X For the the emergence RFID
drivers Now and opening, in the of growth why RFID I it's mentioned a growth pattern. the long-term
sustained companies First, applications, adopting growth. leading signaling second-generation
best established as position and developer as one including market of favorable built RFID And Second, the the devices, major weakening over events, and our our of of competitors years NFC departure high-frequency of the we've others. the well which defensible as third, many IP.
because So devices, visibility. we've looking design got of nature good the very of RFID forward and
half half, year. for we've million backlog the dollars XXXX RFID a this, over volumes base production half for been into of already for second ramp each we're second Our quarter year. in a volume XXXX. and preparing are of entire customer of in ramping the more late to a additional plan driving the our two-thirds with top design is of On the of second starting the than QX for of and and second working Their half in throughout few
typically RFID under in our remember, are devices $X price. Now well
this I addition above. growth in to many units million the volumes represents mentioned So and
the could production today. to capital working reason we for managed zero drive uncertainty need the our with the interruption. economic with we certain for make the the have is supply impediments, of It's the ramp no capital operations. capital and But need and this working with from the chain the responsible The growth financing it's is announced rapid risk build to curve project possible available growth now to
very continue to we Given of a the after of project The initial by cash cash production XXXX, end the will year. which of be this the self-funding. the from on the it course, basis, we becomes specifics expect but capital covered working secured financing specific project, ramp-up, and short-term by fast fully into positive flow
it long-term expect broad is so this into another our as be expanding customer customers. of are Now we products, other to many partnership
one let thing. On me say that last more topic,
depend the showing market in We'll confidentiality. we for And Our on our technology business we're quality protect us best everything the about confidentiality. with and community provider communicate leaders will customers but applications means marketplace customers' technology where it's going. can as to coming category. always the into our position our investor plenty highest it of any working are There trends, the
been So given our and business? volumes, you the about implications specific sight confidentiality, how RFID nearly business the for For base This this we've hopefully gives line can our year, backlog project volumes. of doubling. quantify to
what's that's NFC particular, RFID ultimate deployment beginning the the and, scale this We devices. in the opportunity? of but instrumented of Now is believe sustained wide of great,
So an give, the these let There should scale. me give cases potential I the give idea. you but could calibrate just more X dozen volume can you and so use longer-term a
product can be that all in either stick is discretely RFID skin device we're major some first so and and So theme remotely. health-conscious right parks. together checked a with regularly a can to It's wristband or be since temperature we're these sensing a developing the they one, days, more the
Now relatives little invasion with may assure to and of it safe. old they're to reopen, families But like privacy. they them children visitors you keeping especially that want want theme really a parks as imagine if be might and an sound
broad people confident go looking will the think that, we as to that adoption and feel activities back acceptance enjoying to and very and are for they can that they behaviors actually returning ways be they're So their like.
get devices, visitors there sense parks you and of volumes. X.X annually these the are Now billion theme a can are about to so disposable
about instrument used course, things and are has RFID the X.X a mobile is, multiple reps array as and application or billion around been home already. to this anywhere platform base. potential you of of go. in of devices demand where instrument payments for world annually second huge things grows, sensor the is natural the the A shipped your world in There a mobile It's NFC for
the toy companies gear. digital everyone sporting and more The couple use does now cases some relevant an the it product tracking products So their identity physical is ones is and build such the case that refined virtual obvious virtual that in a toys by between use same to sports market, as mass use a as links activities connecting the goods, increasingly for early are of toys getting true is kids play. making clear Giving virtual for are a case. worlds and play
annually. billion several Now these just units examples represent
just but Some will market some millions this is going the the point. massive the go and is broad-based starting but of RFID go faster of opportunity goal adoption The just we're scale is tens will after market the of opportunity. with slower, units,
So that's the in more we into Q&A. detail can RFID, go in which
in mentioned demand of the and continuing I for half Thursby departments, seeing stores Force to readers. on exchanges also military the Peace opening, an quarter the Army including see in we and Air and in to growth were year, We're of and also increasingly wide pipeline card smart as soon retail facilities. be second the Marines across Now carried Corps second and range my the
We expect demand lockdown orders as relaxed. are even this continue to
mobility than strong and pressure by again, revenue card bases. is we in have second during least hotels at and strengths actions offset we'll On of fiscal We resurgence. a retail, of XX% to expect be continue near-term than the to we already in less in the but for impact stronger half side, Premises, why the government more all second year fiscal trend others, federal be federal. Premises smart believe than we we'll business will and to see this good support the our have Premises know in there's which described readers, lockdowns, the across the October. but XXXX ever starting This quarter, business I our prospects from expect end
new evaluating natural to roles add to all to see safety Also we systems access Physical about devices being of we've to in control certainly connected And and access the video and we're the Premises, control systems temperature articles security. and some platforms health of opportunities. are seen their sensing primary work as sure especially trusted sure it's make some to of functioning to safety-related actually these XXX% cautious frankly, health they certain but because these, we a that we're being deploy, some and adviser, very aren't. and if we also need of is make what be
clear already However, our in ways they are which systems can contribute.
that people they not appropriate. it's solution, complete protocols, try manage are down can helping contagion for to developed has situation. utility course, cleaning of our Again, for immediately contact as company our our tracing So there they use straightforward becomes that case. office a deem access might a in can contagious, very utility who control went everybody get we person a that when example, report and the If everyone extra else else do system, and anything of and they it that. can exposure area. someone if also, doing they of something their provider, And managers who to the is in run They out see same they where the office the the and them it a building return is place who are or did in is that systems notify some means building can but immediately implement of offices, their to and run
as to free customer relationship, appreciation we Now they and is download to a for What available we've it sensitive our that help are us, developed as also, we're times. customers we're in customers stressful while candidates a back the And we've of utility, to made future go which ready the notes reinforcing though, of this to work. lot it tells deploy. issue, gotten gives to it pretty capabilities just in clear case,
last up. wrap before one comment So I
process. independent continuing continuing the strategic still discussions for are, Our to been certainly affected they're but have about things options of economic directors course, the Obviously, company. their in volatility, engage by
has very from we the that our to secondary treat will and particularly up, and all So open primary to wrap the hard operations taken of second We've choppy lockdowns, seamlessly, chains Premises let the which seriously. all fairly to supply quarter and understand virus on continue be the beginning and intact seriously side. and the operate implications kept of kept it us we our predict,
market here's half Within are that how the investors forward. and understand which financial see probably we we a risk though, want that going context believe the our stability growth, perspective, second from parameters for business to
So first, growth.
strong expect described in as detail. growth in RFID We I've
Continued by card by growth and in market advantages. mobility competitive readers, and driven positive demand specific by trends our lockdown smart
will renewed video card end in be of Premises, in resurgence business, but a expanded to expect will strength particularly on federal government, offset our specifically driven believe business. do We We year. and strong federal federal a fiscal our the this by and by year expect affecting we retail focus teams the our field new government beginning hotels and weak, remain
many We of risk. to some who us government federal our focus of actually better in market small position are Second, exposed of and lot under businesses, our than are puts a believe which stress. competitors much a medium
among first to the full federal to be will risk credit throughout. and operation safe will be that believe also a government return We
in have So we physical positioned think many the than at-risk verticals. better exposure we're security industry, of most to and whom SMB
The plan factor us I balance giving the and project risk the about, for of the RFID of specific that majority both still covering backlog talked more visibility the other mitigating By orders, ramp come to is second second our close we RFID in. year. of with the in half be entire could half, backlog time to enter committed fact, course, our market vast the
We put without we'll needs. place market, focus go and continuing pressures, expenses bank invested for into done think have and PPP financing to reflect to line, current in and in capital Thursby business our RFID shareholders tighten second project-specific growth stability. it course, ensure our financial strong and working we and of to half. And resiliency We've navigated reinforced the includes third, accessed the business. the project our which our We're our diluting operations our as on federal
long, assumptions about bit a but been environment have your and ahead. a position, all you good comments these give hopefully our to assess whatever the relevant know are I Now basis they're
let's that, questions. with for So Operator? open the discussion
