us New we're Day joining of with back then It's dynamics so of today. forward you Investor sharing look you the after seeing I everyone, of afternoon, for in many we've in together be York. great the some the some progress and May seeing market. Good since made thank and you to to our at
team to of for positioned well capture the our see continue Sensing, prospects. and we're my Importantly, believe I those abundance largest and opportunities as fiber in an technology, player we optic to
a began focus As if you attended of pure sale fiber organic going know, entered core XXXX, second our we the company about five Day, and execution any lapped growth optics Therefore, on as talk forward of our as quarter we Labs this we the Investor growth. to the strategy, you our we is after years year play And of capabilities. of against acquisition Luna LIOS.
fronts, in highlight years, top on much several and closer to not this in some progress strategic good discussions I making. existing have incredibly in that it discussions would had led with and both be accounts. had one many to of quarter new, and made that quarters, progress to made the We particular, been if and we productive got customers, of agreements our some We those if major
what in business, we saw project-based well. macro in Test, some consistent some Comms which we in those trends. incredibly I Sensing In seeing is this a moment. will our grew component are a Our solutions, of of highlight just achievements pressure large with business
business more more slowdowns As product-based a subject discretionary is this to spend. reminder, in and
procurement to the quarter move moving Inflation has more that than phase into projects purchasing expected and slowed slowly we some we this are of anticipated.
broadly, as are We technology experiencing similar companies that of dynamics. are peers, our well consistently many hearing more as
we current continue pipeline as and entered by supported quarter. is strong a have the of to order forces, we which intake some Despite sales market the confidence, third
week's we last large in continue seen follow-on to that release multi-unit You secure may orders. press have
are We leverage in and to lead strategic our we the our across position geographies, of on service continue expansion our accounts and primary laser focused markets.
are As many both of you know, businesses, are located significant of Europe. in two last our acquisitions, which
we’ve to expand and named for we Africa continued of to refine our recently these integration ensure Europe, Managing to Middle assets As our opportunities, our region. efficiency East growth and a Director
us With in an outside our it to fully third than international leading locations place and drive European footprint, could expanded European our efficiencies significant a needed to more clear profitable European presence, leader employees we business. in put of was U.S., a that who and the help growth our integrate
sales operations and the of with company spent than and nearly team in production, Prior Having joining be global of an and of in to years sensors. XX our with is broad environments, veteran, coming more history Thomas experience. as acquisition XX the development, to distributed years EMEA asset industry someone deep technical their engaged will us he incredible fiber Oldemeyer temperature experience optic LIOS, a to CEO, an the our whole. as
is investments example EMEA the types in that in appointment to spoken order capture see. to about processes, our to Luna an opportunities frequently need in our in people, growth. and invest we of make the to continue platforms, We've Thomas's will support of order scalable
due that earnings margins who sales. like areas For those of some investments we've for followed and the periodically time, you on you Luna had to remember and in have engineering will pressure
is need build the make we to and the investments. necessary for some continue as value tolerate term, priority to Our we long we highest that lumpiness know to will
vision that very clear profitability. investments focused growth long-term long-term are We and have a on drive will and
purchases, the able to soon as inventory reflected As from at that lines. you that our several probably see our numbers making product as through in we also are provisioning door, come next-gen our look to platforms of service new levels the you our higher sheet, strategic ensure balance resulted accounts lumpiness inventory for for they while for quarter. The of some
continue COVID. in addition, that we the the to deal chain In lag areas some onset with with began of supply
I'll specifics over call XXXX, to of QX, highlights. few the including of turn financial After the a some Gene. and to now turn performance Let's that, business
XXXX, quarter second the revenues compared increase of For year the $XX.X recorded an total million, of period. prior of XX% to we
versus $X.X prior year was for EBITDA $X.X Adjusted the the quarter XX%. was million in margin gross quarter. million Our
Our for months XX. adjusted $X.XX per share the three earnings ended was June
share about specifics me businesses. each some our of let Now,
Our growth. driven which XX% refer often quarter, business. The growth Sensing had performance realizing strong we products, vertical by as year-over-year project-based our our was Sensing a strong primarily very in distributed to
in XX% Product pipeline storage, markets and significant cables, different lines large mining. power businesses realizing applications progress as such by areas, in grew perimeter strong digits, driven and of those wins multiple monitoring, industrial and growth, was the which in a of our project-based in number commercial staple battery including double in wins year-over-year emerging significant
detection products, For industry-leading $X utility monitoring mining grow. example, our emerging market, is with software power South for a in a Italy. conveyor the in largest million that fire we we market the an monitoring belt for secured won with the cables, partner power combining and In Africa. we a contracts for DTS system and DAS in to QX in nearly an initial project This investing are
record business. surprisingly, be EV Shifting pleased revenue secure focus I'm growth the to and automotive continues We Terahertz first Not market EV QX experienced our our transfer largest for in Terahertz was on to our order to full the we multi-unit the this that driver business, largest fortunate of triple-digit redesigned after facility. this bookings. were market to to in of line. systems production And for customer from quarter product production battery the Atlanta follow-on successful large note our a QX
Revenue in vertical was year-over-year. down Communications X% our Test
of for variety control applications, photonic As test sources. includes modules laser for a a instruments reminder, revenue telecommunications, in this segment and
was slowness Some than that of to others, factors. these were areas we any due stronger believe macroeconomic and
positive satellite offerings and the drive grew revenue On XX%, LiDAR healthy for communications continuing a applications our growth. to side, RIO at with
several in and year at after the in rate quarters. on prior the revenues to discretionary Module pressure quarter. realization QX inventories growing factors, for a inflated Timing large customers spending down revenue compared healthy impacted including near-term recent at were
We medical by for for a hyperscaler, multiple seven-figure data this order new systems, intake the including order that wins segments, and in and applications. from quantum a customers area, significant key We key blanket modules are center computing multiple been polarization wins including OEM has defense had in encouraged strong. fact growth major
of equipment, performance several QX. and is delays in flattish in related did than higher-end resulting We government the experience defense to reductions. from our this customers, believe test some rather for We spending larger our spending postponements especially program in
positive we've have longer it. books, very seen real have larger longer cycles period comprehensive to get I more will as many of we discussed. with we multiple sales in solutions the continue orders, the customers, selling that share But span conversations driving stickiness to order certainly there once previously conversations Because is are now We we but unit of a those time. and
as future. strong, that sales we've express I longer-term I've and faced want some are we the through All-in-all, strengthening remains pipelines uncertainties of that optimism my I'm manage outlook for Luna's discussed. the to encouraged
than uses seeing greater We ever for technologies. are of potential our
We industries opportunities aligned trends I with are that market of are potential, macro the and ahead vast believe with abundant. firmly in us
stage at strategic share. and expansion. We the As we market set in Investor for and on direction, Day, focused confident meaningful we've remain our shared remain our we scalability capturing
for $XX QX, of $XX million to For million. $XX $XXX $XXX revenue total EBITDA the year, million our range revenues million, to the $XX of of in remains and And guidance to adjusted anticipate million. we million full
reaffirming we're you our see, can As guidance. annual
timing and me particularly of quarter, some uncertainty, are recognition the the at from those half project-based market some overall on back annual year, our of However, of larger revenue in low more guidance the comfortable sales. the dependent the end range. of of fourth combination with That, the makes
happy on market us to nimble will achieved need We've whole, to and that quarter. I'm build not of to recent as this the we we what the While structure about that I that to the impact allow had efficiency uncertainty refine express on a want drive be I'm enterprise proud scale. to proven the continued has we've Luna,
to customers will We generating to collaborate strengthen believe projects We're opportunities unique that grander identified with to great and scales, our on long-lasting, we on relationships. high-value partnerships. development targeted lead momentum those have
outlook of lie us. for purposefully we're long-term opportunities and growth, positive the a have capture moving We that to ahead
overview, let over the for With me the on Gene call financials. to his that quarter's commentary turn
