Thanks, about. be time us who everyone afternoon, took sounding like try thanking quarterly to today join everyone. results Steve. by our Good have start get robotic to the I'll And away on talked call. this to that from I'd items to conference first
team, assure CFO While executive and for technical today's that developments I as business. I our can the by am move of other our will joined in the and sole members host occurring ahead of business, we CTO, who I you call, with be will the a as our address ramp-up such financial
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Gersten, any always questions Steve have time spoke. If contact or just call, who you any follow-up can this you call after
to in the XXXX, and really R&D business to consistent build of organization and operate fourth in and So we first particular, XXXX quarter during done results continuing quarter invest beginning results with are and, arrange while which core as to we were production. the That capital, the was with units. the of in inadequate line mentioned,
were derived a aerostat and the ended total ended is March sales accessories. decrease for $X,XXX,XXX These sale mobile with our from and backhaul X the were months X revenues XX, products primarily XX, revenues XXXX, of network compared Plastics XXXX, the For from months March of products, $X,XXX,XXX Sovereign $XXX,XXX.
decrease accounting, meaningfully acquisitions not mild expansion marketing well because as the by X legal deployed the as of inventory across contribute capital, as was staffing the and expenses services, to driven period Other production, towards levels not during increases equity the business mentioned, expected the increased into that offerings public I therefore, AR, such due The organization, the sales growth. end the in to was from of the support and to during are primarily our did revenue As in period. as however, of lack period our had that capital period. yet professional expected reached including which of critical and and available areas and
to compared a Additionally, extinguishment a $X,XXX,XXX increase months amounted debt of $XXX,XXX $X,XXX,XXX, in ended other largely This the for of exchange X the due XX, result for year XXXX. the to of of equity. ago, quarter was March debt the to expenses
a items to wish are few our highlight. at sheet. Looking I There balance
I portion the had totaled accrued also years million and of CEO than accrued approximately build-out net As January successfully included in in update, in pay interest in million, April, more $XX in well equity paying other to debt which a preparation. off of delivered down that our expenses a raised organizational was the as deployed as converted to in $XX.X that million We noted we $XX February. proceeds proceeds and in debt maturing X
of prepaid the cash as as inventory production for Tucson, of was such as to expenses, used new in and debt purchase the In the acquisitions, was and invested cash approximately million payments well production. facility into addition capital and accrued for assets, $X payoff initially for
an recorded related mature debt we square-foot million XXXX, to on XXX,XXX remaining but of in consists result, outstanding which are mortgage balance $XX facility converted our production convertible million approximately a of the principally end, to approximately and to quarter the the notes end million. of At in $X.X balance Fastback, Tucson expected $XX.X cash of acquisition quarter equity. As be
further To flow and the inventory January therefore, during our augment production, additional with from Operating with or and quarter. brings operations XX to Marty us ahead experience, and cash and our NASDAQ. added the of: achieve Brian Kelly, recap investments in third proceeds Financial to of accomplished could expanded acquisition in opportunities team the we as a to Officer. plan, and positive ops banking and leadership finance and just to operational other of to Furthering the prepare milestones communications who we Bud raise and facilities funds debt. of with wireless expect we be position sourced quarter, management, Although from leader, appointments revolving RVision, require cash intend and strategic secured from new our Officer; net our growth engineering capital development in of EVP in our years experience uplist the February Business few million over we of a completed Through of first $XX successful over an our of top-notch We Wade, veteran Patterson, XX-year Chief our Development. manager credit our the very and be Chief sales
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the business in about Now let talk to me what's happening you units.
I of is received a investors lack regarding news First from we about issue to talk to want contracts. perceived feedback
cases, the either the to COVID, we regular limitations, that important many Furthermore, is have it we're to provide for the some cases, regarding which is bit, effect in precluded in disclosing Now know competitive is or security funnel, we cover contracts impacted true simply chip with nearly the contracting to equally due in through had taken to by has every to contracts or sector. be it from also This relationships some while note do production a customer process, in primarily work especially updates, continues which important longer in I'll availability, or due which reasons. move to market the government case.
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government anticipate X also over orders the U.S. quarters. next significant We
of Saab, entered including Telecom, Media, Wavecom, of all shipped business, In the in at The lines we're increasing small that low-rate CEO all products the T-Mobile with ramping DragonWave I production production consisting listed to and manufacturing we've days, General a which refer quarter customers over list contract those Rogers production Execulink Fastback, of with the radio our second said, monthly. volumes, up. of Nextera, our and a is Motorola, online just backhaul Now with curve CommTel, and partners a XXX over few. initial we XX update I you likes the Dynamics, drawn past sample from to just
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hearing point, tired the any to me So you're at call of I'd for like bloviate. this probably Operator? questions. open
