revenue the with last in reported was Thank QX Total quarter million Thompson. year. first for $XX.X you, compared $XX.X million
as mentioned, Thompson due employee turnover China the we our factory. work of in revenue our in completion As slight some our expectations came in through to below delays orders higher-than-expected
duration. but orders to full these in closely in days the the were produce This to to train a which delayed work it on return our usual, Lunar can Ningbo of case or quarter. any our meet the employees time are As recruit new during customers which only number China Ningbo, affect manufactured additional as our were were on or a employees of some After recruit our at employees than to ability longer than we and shut larger factory the delays, products and all. typical impact result. staff to Year. of these them demand, a expected our few was some with sufficient avoid because productivity is We stay needed We able factory, required to New from this which you bringing the down process a for the took may experienced products know, to in many holiday, to
Looking ahead, sales of more This largely half unit as products than based the compared our orders second first we of Thompson estimate double we is will committed with XXXG last half. on believe XXXX in the that the quarter. announced mentioned,
million last period some While increases there we reduction this In as will percentage the we be than volume that be our over price reduction datacenter came less this will price revenue saw believe QX, in in year. year, time XXXG the at from $XX.X and with revenue compared of XX% In our of year. XX% last last quarter, products was compared XXG quarter, $XX.X products. with was datacenter in million our XX% from our transceiver QX derived
design to wins, of five customer diversifying will We focus maintain allow continue for had track our successful quarter supply customer innovation us our engagements. We believe the in and XXXG cost in products. component scalable to this record and including be on leadership, production in-house base our capacity, nine
As technology. Thompson and mentioned, product leveraged tin XXG announced and a XXXG photodiode on of AOI transceivers our produce to We rate development continues innovate TAMX XXXG expand portfolio. based the that XXXG to recently can be
reduce in-house, these time manufactures required new enabling to With of component and our for the AOI transceivers XXXG to low expensive most cost now XXXG and us produce technology, market the to products. maintain this two development
our transceivers produced multiplexer quarter, on successfully By AOI cost behind modules in-house are cost used be just the of integration DeMUX The of and our MUX the EML the in reduction CWDM transceiver majority parts, cost technology, vertical is optical the as afforded showcased full datacenter XXXG very have in and products strategy that the Together, DML one represents reduction At the now lasers, our advantage, our brought Regarding is the OFC, transitioned encouraged next-generation components XXXG demultiplexer XXXG components. these customer competitive active our current QX, a flexibility By continues produced significant significant during transitioning we of a as QX. to and realizing to advantage the second-highest we of us sourced we and internally are to and in-house the response. with our the our and including by by end time-to-market on material suite in customers. to with well. high-value lasers, of our and This first this XXXG follow CWDM and the we success these factor performance. source in-house majority pair cost parts. optical bringing of expect we products, demultiplexer a demultiplexers in-house photodiodes in
which session, our extends We new XXXG also platform assembly, during XXG our density discussed light OFC and to that engine high XXXG. XXXG investor our
platform expect high mature, to quality for years come. leverage We and this low-cost to
QX Turning with that the to Television year. of we compared market. revenue $XX.X our unusually strong million $XX.X generated in We of last Cable generated million
as demand especially in ahead, year. later continue to growth Remote-PHY we anticipate this up market, Looking picks for this
$X.X $X.X last million million Our QX in revenue delivered telecom with products of of year. compared
datacenter with we X, from XX% quarter, datacenter XX% contributed first XX% business the CATV other. from XX% total X% revenue quarter, For XX% of that was revenue, XX%, from products, greater the and the or products of telecom in had the In FTTH, and customers remaining our respectively.
last compared revenue. a the gross reported Moving generated quarter. of a We XXX represents basis XX% of beyond with decrease points margin which XX%,
with million, in products capacity were for operating gross XX.X% revenue $XX.X Ningbo. Our invested the of technologies Year, products. increase expectations reduction slightly or the training expense below in in in XXXG of mostly revenue on in Chinese production margin utilization and employees the new expenses further enable due due to R&D costs compared and as came our cost was our XX.X% Remote-PHY transceiver quarter or higher-than-anticipated during New million higher as we will $XX.X Total the sequential The to XXXG, quarter. prior on well as that
next in of a compared million this over XXXX. efforts Operating with we operating was on reminder, to $XX.X remain in while QX QX few level expect income these quarters, initiatives. of at income R&D the our focus $X we As million
in the in compared margin operating reported XX.X% the QX X.X% XXXX. quarter with of was Our
in QX or per was shares. This we income quarter, $X.XX million. that had benefit diluted share quarter our the receivable share in count for from million, share per QX XX a in of diluted by XXXX. million or or first income GAAP income was $X.XX income settlement employee million of $XX.X was During impacted fully of $X.X associated $XX.X year. net $X.XX foreign approximately $X accounts QX intercompany recognized approximately with approximately quarter. with diluted weighted net during last exchange negatively with diluted million or We for million The non-GAAP exercised options $X.X diluted after-tax average share the the net GAAP share per $X.X $X.X tax balances. QX per the larger-than-expected of compared million compared Non-GAAP loss were
$XX with sheet. the ended compared balance of cash equivalents, QX million quarter. investments $XX.X the cash, with to end total at previous restricted now and in Turning We the million short-term cash
had in machinery expected process to of March production we equipment an million of of from inventory, in investments in quarter, increase XX, on the year. higher We As a and $X.X $XX.X QX. made second primarily demand as total we half prepare inventory for working in The increase attributed $X.X $XX.X QX improvements. of including in in million the building is capital million in $X.X construction the and and million million
our to to expenditures spend last expect the to $XXX accounting for compared factory approach in new continue our with We construction million most XXXX the in of China, year. of capital increased
outlook. Moving QX our now to
range million approximately using fully between $XX.X a net the to revenue be $X.XX Non-GAAP be share weighted and income in million, share to million, to and and We million range share of XX.X% and million diluted $XX of per per of margin average EPS non-GAAP XX shares. to in expect $X.XX count expected non-GAAP is QX the gross $X.X XX%. $XX be to between
Q&A QX our to will tax that, non-GAAP for income expect the and XX%. operator to between be it Operator? on effective the back We rate With net turn X% our I over session.
