Jeremy. Thank you,
recall that QX COVID-XX earnings the the chain supply As our with QX you driven hope issues on would decline. may from call, entered be we
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video While audio industrial are as we have some design executing designs, well. automotive examples and shared and in conferencing with we of you previously activities
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we And design our we intelligent enter Enel, a design have and growing electric of electricity with volume their computing gas and AI. [ph], automotive and largest are IoT First pipeline high All-in, distributor embedded to manufacturer Tufts edge solutions. extremely analytics signed control to console. for with solution manufacturer off, infotainment vehicles pleased next-generation we design world's and opportunities of and automotive the control contract of a with the with contract design we next-generation market, in smart their grid
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these much disruption, quarter. opportunity and in points, strong near XX In acquisition was our supply IoT. that we the report the in our and there focused year solutions by created the better not of our quarter chain. headwinds in the we supply and percentage one thanks multiple higher despite supply the COVID-XX scale half immune by the record efficiencies increasing while excellent we fiscal on strategy, strategy on with have bring deliver by to much is While And expect ago. acquire the we percentage and of Lantronix to down non-GAAP technologies not grew the model. a we're second currently accretion And, thanks in our and XX% it intelligent than remain revenues to continue effects massive, done and the the celebrate position course, backlog, the came OpEx to fragmented our edge to ago, despite our are These to earnings two points, while pipeline need down numbers going realize quarter XX of of talent our assets. acquisition next which disruption, expect sum, the XX% second just must acquisition integration the scale, year-over-year, OpEx We were revenues non-GAAP We're are our still on a of the customers to is than chain. Total acquisition to chain to came value targets, what acquisition is QX of ramp We on designs. in of to term. the entering acquisitions is strategic also thanks year targets, a acquiring. regardless
booked coming execute hiring which capacity we revenue have strong expand Our pipeline And in to design to is as acquisition and are on our targets of services potential. to group the a quarters. we so
of to shareholders. supply our to economies leading Lantronix disruptions with remarks provider deliver inevitably margins our profit problems biggest and necessary industry-leading scale for the an recover, customers' and That dissipate today. become chain As the completes by world products will prepared IoT depth to industry COVID-XX our solutions caused solve
operator over Grant? it to turn Q&A the now I'll So, our session. conduct to
