have quarter our to growth quarter. Nancy. Happy opportunity improvement in discuss Well, with pleased an I'm the third to our organic gross you. margin everybody. welcome, and Thanks, revenue with
importantly, success implementing my strategy. It's VerifyMe. since we're quarterly CEO excited the call More our second becoming having the about I'm of
During new strategy. structure described we that and call, first our
explanation anticipated front of stated January. of we more towards middle we call take the us. In addition, our of anticipate to scheduling Currently, the a strategy that of we overall in detailed advantage opportunity having that
position, and will third segments. provide detailed the I'll operating provide overview. business I'll So our discuss then today, financial more call capital update overall quarter a during Nancy of on the an that, After the each outlook,
of for million EBITDA. a revenues I look and I of approximately reiterate our adjusted out expectations business as XXXX as So I think positive outlook about the business, the the $XX and -- for
In addition, growth I double-digit XXXX. in organic expect
during call Now our we'll January. those plans in strategy more growth discuss
point, shift conversation position. So to discuss capital at this the our I'll
on focused margin we're improvement revenue cash flow company, generation. growth, a As and
of quarter QX is the everyone flow our -- strongest cash I that remind year. and So
So raise. at completed strength a relatively well engages But since capital the balance profitably we sheet terms as our history of favorable the it small investors a provided company. raise VerifyMe. leadership insiders with our new investing outside importantly, as That for last that have call, of to more
the we convert, this we just to Credit have to facility access of our pursue renewal PNC I At completion Line addition sufficient of In feel all the that with confident very completed capital our Bank. point, strategy. of to of
a our discuss to and the tracking business Logistics like Overall, a the bit more to plan. shift our segment I'll I'd now it is with discuss So Precision bit, detail. in segments and
We expect margin to pursuing higher-value have profile our in in XXXX, We've customers. XXXX. a and organic growth rate efficiencies as anticipate well operating improved growth with as we higher
you higher-value I'd revenue shipments experienced in the same for other So due relative I'd as like customers a about to to little holiday QX of One with we're QX in to those to not customers anticipating increase large may.
Therefore, we customers as that XXXX. uptick bit more. many a QX that that them note of like about is these item talk don't experience
So I'm market. delivery with the growth about more our the since servicing meaningful convinced market of perishable the last even the call, needs and opportunities perishable associated
world's for both largest addition, beneficial customers with is the a expand have relationship company shareholders. In to we our in that ability the freight way companies, air and
inside about Logistics. the continued opportunity positioning Precision advancement excited of very we're the So and
expectations. a the had about been segment. bit So XXXX below conversation the X let's shift Authentication our quarters, talk Through revenues and
this lost this contributing factor any situation is customers. I reduced existing significant to customers have out revenues But segment. in we that with a want point not Now to
revenue underlying I'd a like bit and to explain more. factors X decline are there little with them customers, So to actually the these
it's taken to and had we customers than use anticipated. XXXX, their inventory up So during them large they traceability longer products, place for orders
We year. their the inventory and they've companies, throughout with working through continue these to been supplier have relationships
into give regarding levels their So our current us insight inventory confidence XXXX revenues.
our has business weather by impacted and XXXX So in economic those been the to situation addition that, conditions. with in existing APAC inventory customers,
are our reassured and I'm customers. that the Looking new where we're now, volume we increasing forecast seeing now winning we're in region
been in year So summary, Authentication it's XXXX, for a our existing slow customer base.
of a last pipeline base customers. new new that alluded I and you involves and look this converts strategy.
We're updating ink an in solidly as on experiencing strategy change call, as our backlog. customer pricing sales intact, the a seeing to However, remained also to and launched this strategy has pipeline as we're forward our We've increase upturn a our we pipeline, and to combination significant sales well in in
by wrap strategy technology like up the I'd to expand stack how clear ink we and our discussing our opportunities optimizing We Since we relationships codes to will in strategy, on market. time, our believe allow food So integrating us and stack business purchased U.S. trust customers with Authentication existing that strategy. in a along focused March. and into technology traceability defining our their
counterfeit segment. We as creates regulations as and believe increasing landscape increased a activity compelling the of opportunity diversion well current for this
technologies regulators very experiencing. to technology's abnormal integration us item's of the pricing environment and custom solve behavior the journey to ability software, fraud while the well challenges an consumer's cloud to meets positions needs through from or and marketplace our the Our of that our brands. hands the patented production identify consumers, The is
end-to-end other learning announcements our anticipate behaviors. the for Amcor, counterfeit and strategy is platform and with we cloud we've This made with traceability and of regarding technology retailers be traceability anti-counterfeit as newly solutions. will traceability integrated founded The relationship interoperable abnormal So VerifyMe in detection stack major QX. there machine recently announcements itself, on GSI is
to benefit anti-counterfeit interoperability requiring their processes. from without packaging will easily, more changes our and customers this and manufacturing enable existing So faster protections to significant
effective provides to an and our method their and with provide traceability engagement. So compelling approach efficient consumers customers with consumer
of our excited our about outlook to for our we're for Authentication segment. excitement Logistics similar So the segment, the Precision outlook very
Nancy call at turn quarter. details So about over to specific financial some third the this point, I'll for the
