the then of resolve quarter, we second the impact business to production them. and start providing of by to the a Mark, trends encountering we taking And Thanks, are are will and the for an all quarter we'll update. and issues XXXX I provide our actions call. welcome results overview discuss
financial I your followed by conclude call the on results the with questions. will discussion a Finally,
quarter company. XXXX a the challenging for second one The was of
result, as production a customers were enjoy revenue While and solid continuing and, backlog, by healthy our short fell we issues of and impacted a expectations. deliveries of profitability base a
will discuss of are to We several are signs actions taking and shortly, shortfall, which seeing I early address the progress.
points a and There display key sequentially a the few production-related quarter. are decreased note issues. to due year-over-year Revenue to about
gross product volumes production resulting to our which unit fixed we material yields lower higher in suffered margins and low gross due costs profit over manufacturing Our and production allocate cost.
declined reductions Our additional and expense SG&A cost R&D as actions. and made expenses and year-over-year have both implemented we control sequentially
to of Our XX, million $XX.X an at products million continues of for be delivery backlog million, XX, the of backlog XXXX. December at approximately through increase scheduled $XX.X June XXXX, $X solid over
registered operating balance. the also quarter, total Net applied X the before million, we of fees million to completed of expenses. and separate facility outstanding our of repayment During proceeds credit million offerings the other were to $X.X from direct eMagin which $X.X proceeds offerings, was raising $X
improvement. taking several manufacturing They accelerating the we We R&D ongoing noteworthy and actions our our Most to resolve are efforts with on improve team are is throughput that production yield several are daily work closely to and to and meeting performance. issues. our identify team operating focusing
together, along processes we of during primary the our with help deposition engineers second By our operators to and manufacturing help and operating few the with tied brought and manufacture a working closely highly and engineers practices tool the more refine months. We OLED onboard technicians OLED for the us tool to microdisplays associated He know, To his him this quarter vendor. just increase our a and our sophisticated for process. from to retaining is throughput. this individual you remedial R&D As working is improve implement. complex developing engineer inside throughput, collectively are and are
current staffing to shifts. have equipment expanded maintenance available equipment and to have With team our maintenance we our minimize reliability and maintenance practice level, improve our equipment also of our enhanced We for unscheduled equipment coverage and all downtime.
cost pair are to we these are structure. we on while improvements, seeking operational Lastly, working our
the We to the resulting quarter have and and quarter. level, discretionary lower at the These SG&A measures reduced our in comparison reduce second expenses including R&D first in prior expenses. operating in and quarter the overhead year structure other
produced So this in month we in some this early successes. quarter, are seeing of far we the July, month quarter quarter. more than first previous the displays in the We produced XX% first April,
and quarter of practices. of raise our are and are the teams that plan. and R&D they yields developing yield remedial the our efforts with consistent combined production overall recovery are above of implementing our targeted the beginning The Second, second are to our measures processes those
In fulfilling focus and on summary, losses we our and are stemming improving throughout as orders customer overarching returning our yields, throughput operating our profitability. company to increasing the our our priorities production
With turn of the to will that, who state business. call discuss over I current will Andrew, our the
