joined and webcast. call who this Michael, you, has you thank Thank everyone and
me with discuss hard I working and investments first the but and on let our that an in profitability. me doing been development detail, overview long-term and start marketing, sustaining team announced of extremely R&D, partnered let we greater sales. in on focused First, growth plans start is are saying increase first product this by will previously generating and has quarter. Matthew Everything to our our
and 'XX $X.X or approximately of revenues. the $X.X a it to $X.X strong year-over-year, QX is year-over-year in revenue Whereas revenues by driven over additional our increased as revenues expectations. from XX% seasonally revenues represent million decrease increased XX% XX% or from revenues total planned, line Lumata. with million BLS of QX quarter First does million, Services to
year-over-year. related of reported and approximately million associated $X.X the for in Total the included staffing, and $XXX,XXX expenses away As overall Consistent one-time and model. decreased remaining 'XX lower approximately we with million first This for in continuing additional $X.X expected to to to expenses expenses The approximately first XXXX, to BLS to operations. of marketing. the from approximately quarter quarter compared of the quarter we product Gross integrate continue XX% Lumata to million, investment increase of our margin to sales of in mix. income in primarily and $X.X margins from the marketing, as plan $X.X in investments directly higher of and the total operating migration with product business, continue development. QX and our we the license planned expenses million the into were XX% related reflect sales Lumata investment cost an XXXX, due the the operating were BLS traditional revenue the
As versus the $XXX,XXX approximately a or result, for approximately was $X.XX per the share period. net reported $XXX,XXX $X.XX per or year-ago income quarter share in
receivables results, QX 'XX. XX% and the Contract end $X.X cash equivalents, net reported or million for the quarter balance last cash in the an with of million up EBITDA we period look Lastly, We increase a sequential we fund positive operations. doubtful cash to respect first and intend year, believe company same compared With the and make continuing capital in ended on the accounts reported working of to approximately liquidity $XX allowance strategic the accretive with continued the year. to of sheet, ample coming flows acquisitions adjusted $X.X to million and we while to capital to we support $X.X as Working investments of to synergistic have our $X.X million $X.X for basis business, level slightly these were partnerships. other million, of our million, at and in million to compared and from $XXX,XXX. increased generate on that $X.X beast
Now, the you team our on moving of quarter. me the on provide working numbers, various snapshot to our let throughout been initiatives business, beyond has a the
live suite targeting Research eSIM market, embedded full sales. our to on growing XXXX, accelerate development and our retail management went embedded line lifecycle or continued as MVNO acquisition technologies of in mobile the automobiles management service we dealer new channel reseller and devices. and focus, advance by as SIM investment software in research a and a As rolled We is latter platform our and activation, mobile mentioned increase with of in a the development underway out operators. gets previously, equipment to starting and was range customer and in with part to being services for technology subscription and
of have we've also digital acquisitions integration now a platform the We accelerated common Evolution. into best-of-breed called the from product capabilities engagement the
Vice The major engagement existing cross-sold in president [technical of trigger vice difficulty] the regional first to upsold President engine personalized for increase that to and volumes, Marketing, a version being and carrier. processing spend Lumata our BLS event and of another operator to offers Evolution inject and of Asia, traditional customers. Evolution some and customers managers real-time account large volume with stream customer for and sales, went live South massive at customers now is a with program
new customers, XXXX traction increased beyond. growth at generate expect in existing and activity yield to We an and of increased will level at customers that and our
continue over that front, North multiple during logo the Asia-Pac at now Africa, South XX The We and logos, in to pipeline to new one Africa, new and of sales upcoming to regions. XX XX Asia which CIS 'XX, managed carrier and and just of we of QX, customers expect service one in QX during upgrade The LATAM, has the new million. total Mid-East, were globally. and targeting the will early renew revenues the the on focus recurring more includes On pipeline CIS, in a added been yield new Sub-Saharan added Europe, quarters. add each regions customers customer in
We partners network a two the as to of President increased Development regions leader expand as well our two activity see regions from to as new Accordingly, a in well global our partnerships also for Vice in existing global America. equipment across will globe, North as our bringing with or partners. new one all of two we be Business these expansion
hubs, Europe, flexibility to cross-trained Western capability three deliver. have engineers expanding and our our in Eastern Europe, We Asia, and thereby
recently this lower majority Matthew? grown additional across call Matthew will team, of Products, cost over new Evolution strategy support and manage space, the new remarks and the regarding team our would and turn serve I also the are hiring on resources. architect to a expect and out benefits deployments see outlook, to for call our Once ability feature R&D the the for of questions. open rapid engineering senior build base, VP after an streamline we platform some added we our to the like to which platform. customers of new have to huge our additional We and to
