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million, adjusted to strong, $XXX.X year-over-year was XX.X%. full points to XX% Gross up $X.X over margins X% basis year Revenue while XX EBITDA growth million. reflecting year-over-year grew were fiscal XXXX
products. bring their on solutions verticals in to the value benefits to high IoT security strategy we focus is Our that value technical
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of Now numbers, was for three fourth reasons. important quarter XXXX beneath the the
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the shows of really our technical and team. dedication This excellence IoT
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and the in and Now the first we use solution also to market. come cases will derived as information Wiliot share have providers opportunities pipeline
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later. packaging about smart well and is Now I developing overall will that talk
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half the we chip the issues first expectation, of fiscal through to continue supply this with before normalizing in half. IoT expect year XXXX Consistent second
our customers give based NFC we addition and Now from options, announced new to in on HF chips last designs recently STMicro.
applications. for recently supply strategic the with We IoT industrial Trace also announced ID partnership UHF-based
environments clear the business. Now and commoditized Trace retail applications range in for price that compared going also not high our is commodity industrial are UHF higher we profile. consistent to ID manufacturer with UHF-based be of average with UHF products after of $X.XX. are complex margin is to $X.XX want that higher Unit UHF than I a specialty tags ruggedized volume
from capital direct account leveraging investment are preserves our our RFID maximize this engineering sales while wallet a partner in. teams world-class category rather of manufacturing every and to the share Serving through we than
metrics the customer and although at customer We on IoT retention some some NREs. our kept XXX% point the Lastly, other by lower retention, margin track, may in of choice. change we exiting, products update an that with we our this own two are
NRE also activity continued to strong. be
four We have with NRE underway healthcare. new XX NRE projects projects in
STMicro consumer that chips ship multiple also using We we the device fast track projects to expect next category have projects quarter. in and the
mentioned to segment, business Premises Physical the is clear both Security, Moving strength and our numbers progress. I in
to business, progress. is quarter strike comparable great normally QX drive full addition growth, we to in alongside also We’ve been balance our Premises. the strength the able QX, strong federal commercial In of had to made because that in strongest business strengthen our which our to this QX revenues year
a we readers, integrated in secure highlight single most one I’ll industry’s converge because glass. strategy and Diego range widest This shows products through a Now of of example control, growth access DIA, storage platform, great security for at provide pane Airport, managed of of surveillance, our Premises example to International and is access deploying the are – all into drivers. San it our video hyper our QX,
and when most portfolio solution CSOs anyone with complete CIOs more positions in the consolidating gives than take vendors product us industry risks. security don’t want security any to and opportunities the cross-selling This us are and right high
Our OEM gaining in strategy Premises been also traction. has
physical learning-based expanding in control now TS completing are as as and machine two SaaS, well focused adding by keep on positioned and software our as range Our as market. access wallet are the maximize competitors solutions, share our above of share our rates growing security market to sold largest to system strategy, hardware analytics staying driving we our well our product being readers by
solidified the So have in in foundation XXXX expansion think and XXXX. hit for milestones growth summary, margin we our and in financial we operational revenue
with as our growth transformational on launch go is the model, of our we growth Our accelerating strategy we support to strong market positioning products execution toward focus drive developed. long-term we are in as customers our applications to disciplined
to I’ll over some Justin to that, more detail. results So with call financial pass in our review the
Justin?
