Justin. Thanks
Justin’s our continuing our and and trending operating As can gross long-term EBITDA you strength RFID gross of margin. strengthen, from growth EBITDA Premises and growth, model continued expansion, to margin hear business show margins model towards our in comments,
business think strong. our Now, segments is This and strategic market be our exposed macroeconomic in to forces businesses execution. will we technology is means business our all position continue to but of the this about every path year, our results driving growth, because
so rest of Regarding macro then for forces this let quickly execution me we back can discussion. to address them get the
Premises state both And macro and government during focus strong, of downturns. are the risk. healthcare, our economic even Now, are our local have in on top one terms security medical people concerns that federal focus and and RFID categories devices of forces, is recession on
prices raise when we’ve Regarding interest proven costs inflation our can increasing increase. we and rates,
capital debt light. free and We’re
factor. a So aren’t interest rates major
of certainly and increase position. again, a are in security risk investments also in but strong anything, in minds, government we have seeing. If Now, budgets times geopolitical we’re security grow, which geopolitical risks everyone’s
strength manage track. regarding We RFID and our a margins in strategic that strong immune Premises Now need growth pressures If the chains, always maximize our keep shown these on businesses that have margins. legacy We’ve costs supply demand of days. risk. supply nobody’s source are fast over can we and our lines. to know grow supply we chains so with some we’ll to And supplies to our we categories business businesses
managing closely. them we’re So,
and and far the least to and term at to a though be to but supply assessing of Longer chain Canada strong margins. gross in support For position. so growth trade-offs churn, we’re it quarters even options strategic strong next going and real couple manufacture there’s managed lifetime in we’ve supply chain California. already We on-shore made supply keep near-shore us
expand activities positioned So, needed. to we’re if near-shore
So into can the to in more that go we the of some topics addresses everyone’s turn now Q&A, hopefully certainly on macroeconomic let’s back but And execution. minds. detail
other pieces So with engineers world deep expansion, Premises our industry’s and growth rate. to in and XX% wins RFID design team, transformational times drive are we expanded place with ongoing with target vision in our class expected we’ve sales NRE the plus engaged with support the grew to capacity of and growth with a half best and the three as relationships projects and technical industry set. the showed target all dozen expertise, production range the our programs
into look updated our my opening in more And the an I how So projects Now, can there’s detail going more comments, our IoT strategic company? transformational how do if status as of Q&A positioned and we go are to we in build interest. our forward? leadership metrics
strength of experience lead proven our drives forward. stronger can a focus more in to clearest going design brings here wins are reputational wins go wider IT, leadership, the Leading more customers Design design I’ll scale, project moat the as base wins. the business’ indicators So, of they more deliver. more wins our in in on That around company market. and that’s the NRE
ever reported I in QX, XX two in up This had projects, we As from mentioned earlier history. dozen QX. more than our active NRE is the in
up QX. reported dozen QX a in a that also completed from We half in finished dozen we
to project in growth projects, in both future volumes. one added never this a with bottleneck. QX, So we area engineering drives want be is and our management. It NRE in NRE We capacity this people
we to So support areas of it’s to the one adding few expect people demand. NRE keep project
spirits mentioned sensor-enabled sensing. projects have luxury an ball five Now, also athletic I and in and shock, and the NRE the category. for temperature, solution cannabis provider new golf to we including applications, I mentioned shoe medical projects four have NFC projects, and in earlier, humidity, we and going other and for more devices, addition in vibration, wine
Now, unit each about, talk of we of projects, we’re sense engagements clearly both with and the competitive applications future volumes growth NRE are and give quarter, like and are our can of categories these. industry a leadership range lead clear and, trying projects to of foundation long-term to major NRE the mode. more relationships customer of but then that since of most shipping indicators revenues, the our course,
margins in medical high So devices ASP which and course, these be focus costs. From industrial higher our higher are margin, show our projects a that have continues growth to high switching drivers of IoT perspective, devices, vertical specialty applications. for and applications, retail,
our to growth are our lever, strategic our turning partnerships So technology opportunities. expanding other
categories. opening temperature sensing cold geolocation As this along and humidity, with IoT in and device I markets supply food devices, sensitive our the integrates QX, for Wiliot. chains, full This and of timestamping all capabilities as of and mentioned solution. technology, with well The as Bluetooth and implemented in which traceability, in medical authentication, being healthcare capacitive target all quality chain we a recession-resistant to solution. are RFID now our cost pixel-enabled expanded We’ve pharma comments my one
Now, technology and in into in across other interest. those stacking there’s the detail an if Silicon, go can were we partnership Q&A there in more software activities
as growing our is leader. the thought of profile The third leg industry our execution
made in here progress of QX. lot Now, we a
In speaking role announce expanding our later more month. this in forum, presence, which the will social also media leadership podcasts, awards, and addition about we’re NFC to engagements,
to honored also as We’re Manfred to welcome Rietzler advisor senior Identiv. a
in in and subsequently eight-year made Founder until sale Avery-Dennison. our opportunity team RFID. Rietzler the to period innovations their industrial and commented the He he true the of the CTO we’ve their a that the role, established to RFID-enabled it with an to in thinks is also their In over advanced in of category us Mr. and Rietzler Mr. leadership He’s position clear talented on CEO that be IoT know, you others and exceptionally of leader Smartrac. the and board Some announcing sees industry he an his was industry markets.
this on the for of people assess employees our is assess one as the potential this course, advanced team. of sort even us has some really and as allocation by big becoming working providers. of Now It most solutions of decisions with endorsement in the respected customers momentum. on industry part all chip business chip powerful partners and of our an effect And helps even
key ahead Now growth to stay demand. of capacity making and another competitiveness for the customer fast is project have sure we cost growing future
production We’re expertise have lower in expand volumes. site leverage production well an costs to a along to ability Singapore, second planning we the with and but
there’s margins easily billion to and the expanded transformational very as built up. scale we’re positioned units projects With a Singapore. competitively well to the to competitive in world while in expertise with Batam facility, an beyond of to Indonesia. we’ve likely cost This support any skilled the the ferry location class ahead ride room some lead support a scale Singapore, leveraging is just very that’s facility but move hour expansion to base people and need an build in the operate with from We’re half this and annually, to we cost capacity they
keep expansion, at continually partners component capacity. operations working to with to full addition suppliers our we’re and capacity our running in RFID Now, own
business. the that’s for So picture execution RFID
wins, that categories, operating our plans margins We’re gives growth and confident execution and This XXXX in supply through XXXX. scaling, our across chain. for us our margins leadership, strategic partnerships, industry team best-in-class our design is and expansion capacity gross confidence and
for to in both comments. cycles platforms security, turning strength markets QX, we’re where we government particular continuing hit end-to-end our budgets of we’re in seeing With the for secured QX the covered leader. in grow the drivers and commercial most demonstrated Premises, as in to So growth seasonal federal in in clear highly the opening buying
Premises. half in So with growth growth XX% all and growth the confident delivered with of the we’re in these drivers first XX% XX% the of XXXX, to we
growing So to and XX%. wrap is up RFID Premises over over XX% is growing
industry our kicking at trends rate Our QX, XXXX. refining progress position execution keep we the opportunity, scale grew have our as the well business confirming expected each. each and XXXX the in. as position continuing solid updating long-term RFID We’ll milestones in and and In without transformational of to support in confirm these tangible projects
the macroeconomic positioned In but continue we we’re hard Now, chain supply environment work is tough, to shortages. stay of particular, ahead to well.
to Our chain If pressured. sustaining also margins paid RFID drive while on Premises is and our growth be require COGS, sure such margins. priority we be supply gross that much issues normal too premium being would
growth fast all support We’re Wherever as like aren’t price able to we at up is times. in order strategic raising margins, of as long raise in to price our aggressively. products, kept enough, some our legacy we’ll forgo revenues
this $XXX macroeconomics million. supply Now, for be knowing as to an business, we’re of effect million can $XXX expanding and and a XXXX result guidance our have any range chain to on commitment
forego supporting to Premises growth exceed our Now make we rates RFID It’s range, meet and we have plenty we’re meeting as expectations. legacy responsible of long might only model, as to but target some we’re this our chances sure to revenues.
So strategic our gets growth total focus.
Our driving drive growth. RFID growth they margins to continue keep strong, be so baseline projects our transformational XX% above our we well and can
record increasingly RFID we half in the and beyond reach year the target projects, for build NRE revenue in profitability encouraging initiatives, expanded growth of revenues QX. profile where expect and our pressured gross to trends all margins, increases industry second The the progress strengths our our strategic Now RFID and for margins legacy RFID accelerated, margins. growth numbers driven on strategic XXXX high cost offset Premises would’ve on position businesses. gross RFID growth, and are of
the discussion Khoshniyati, by for So of the COO and And and our open Q&A Dr. that, our questions. GM joined Mueller, and business. again, of Amir Identity with Manager we’re Manfred we’ll Transponder President for once Vice General
the Operator? questions. So I’ll line for operator to open now the ask
