our and XXXX joining Robert results. you. all you you, first quarter morning good to of Thank discuss financial for Thank to today us
the safe safely hope activity Situation seeing the are families and will on is slowly, signs the get a but past we to I healthy. this everyone COVID-XX We certainly first later. call are in the The your made months now challenging. normalizing in little bit has and Denmark and market. back of
with the intake million quarter results with revenue expectations preliminary quarter in our from we first negative during Our you weeks three the call, discussed which despite were quarter. business the yet COVID-XX, final impacted $XX.X -- record for behind March XX point deliveries with of another conference of the
highest of quarter first As the a market, for the we the year deliver for we from operations. when continued represents to due ago the The COVID-XX while breakthrough. proprietary $XX.X to a to achieved our and XX% scrubber million on marine ceramic $XX increase water savings achieve were approximately silicon carbide began was disrupt significant commercial systems quarter a we track first million we're discussed, filtration
and I reign also for COVID-XX, would business continued into but to for second moments expect as normally the about although, beyond cost meet first in here was quarter to the second our quarter might originally revenue we the designed expectations higher We the level the that going prior our also outlook for quarter. profitable, our talk remain structure on. at expectations we had not the both
of customized around in new furnace customized membrane very start of manufacture furnaces silicon the for the made also good proprietary second the the the the We the of filters. since We of year installed use and the of completed company’s brand start carbide operational recently successfully year. installation first the progress new
efficiency. and the than that the has to furnaces are older approximately four higher of times furnaces throughputs size Each due
$XXX to are four, new capacity XXXX, $XXX by mid-XXXX. increases be two by company's the annualize which of between basis on installation We to total additional all to third furnaces upon the planning million successful quarter million install an
release, costs data incurred to we during approximately of the we quarter As manufacturing. win of first incremental $XXX,XXX the in reign mentioned press in
As the as will on board, know-how our additional improves. come amounts furnaces these decrease
X.X older you cost overall which X%, X.X in The in the improved more margins we contribution by by our X%. the last contribution systems, margins We as year. the X third a of the gross first quarter. improvement our compared launched Mark out driven margins system had quarter XX.X% break deliveries When is was contribution the and more to The systems XX% had margin during efficient the Mark quarter of approximately primarily lower Mark which to Mark system. X.X than system, of
Of the two-thirds of under first and the the billion marine newer margin on during older $X.X higher quarter, revenue systems. the about one was systems was third lower margin
systems and be forward. old would higher, delivery We orders improvement systems that margin systems lower gross have through going old now further Mark overall worked fields X margins for all or which Mark should for drive the X.X in
the from continuity strict to and guidelines a returned had state we to to implemented have number quarter of and procedures. more We and divided guidelines its now COVID-XX work occur, workforce first end work the measures first proximity. to people that the When the into now of operating normalized office impact [ph], Since in shifts end personnel certain markets employees several and began ensure multiple remotely. can manufacturing
base $X.X base, in next over the proactive overall several the also by reduce were the months. a restructuring in in have to our which Overall, we near-term given approximately phased annual to million, be business. cost impact place process would expected We our cost
full we able allowed are about given moves ramp cost quarter capacity, but uncertainty, revenue. to current million we structure these that is the back to $X hope a can up quickly at create profitable Our us be to in per whereby
monitor plans the continue to are we prepared reduce implement We and necessary. to if situation, to costs, current further
during incoming for rate marine the year-end March of has the industry will the second I scrubber call impact quarter revenues. likely the due slowed third from the impact end the our As orders mentioned of and and to at COVID-XX, back
with earlier and commissioning orders difficulties deliveries slowdown this the currently a the in quarter. received working this systems, and but orders into year, We through in next and will delivering in translate in delivering and slowdown are
are the share our the can of is following: to full but emphasize the want being Unfortunately, in manufacture I our the is receive lack two you next products, for many not I and now to to based manufacturing to due on case with not able that What is around same bagging We customers in other Denmark. countries quarters product. inability this world visibility
than our in and currently marine convention the a to represents are on This orders. savings strong is million expect system cycles, that later year but $XX conversion this I and orders, XX roughly historical vast on system us more receive We the majority based in beyond. discussion of number
and some a improvement way the in that and orders that slowly the coming believe worked to Asia gradually certainly been soon Europe, While in to will and our customers reason around to recent normal limits. back started to is slowdown has there their world seem be return business
high our before believe our in scrubber proprietary over marine technology our update to give growth and to your to business. our in At level, we I filters our breakthrough a be progress the unique markets ethical silicon using gas had segment an are oil will you developed turn back capabilities have I carbide system the we first in a applications. on commercial it want for the a continued questions. this of design and number of significant We to
these particularly in oil terms plant also both market, in made power of the the limiting in The market. plants. we believe are years we regulations their similar parts that capabilities application markets come. in One, the from the inroads one are have and -- overall discharge next We where Europe we size gas significantly other to will of surpass commercializing of believe in the
is What treat solution ability to this it in makes unique LiqTech market and reuse for the water process. difficult our
have with cost a existing technology compared the proven and terms together have companies, that in we to in of oil We both alternatives the our tested largest and some gas and our quality of solution better offers market. technology
are water the and earlier oil discussed, the matured it These for in Middle the has region. water to in production, some projects for time. As related scarcity in East reuse
So, technology it's areas is our any long-term these long-term period, given are to to focused price think projects scarcity. positioned we in varying the whether solutions on the in that us treatment why ideally Middle of need solutions oil local water East, issues. despite water address This is for the
with the and And the months gas will revenue off, forward opportunity to once to and come, expectation the see once large. because oil contracts years will be but that We the drop oil simply because and gas that that business to a in again XXXX. market of again largest marine this the note an contributor in is -- is look not scrubber finalizing
over turn over last just So, I the first with record the impact quarter performance to it by number COVID-XX want and to team to despite maintain profitability operational with pleased QX, midway revenues, we say months. that the things of the from I'm finished the the your business. wrap up We in before questions, through
same ensuring time disruptions, and at matches lowering the while Management cost in our the the revenue overall levels navigated has quickly ensuring continuity, breakeven manufacturing our point. team COVID-XX near-term structure
filtration. track in the leader and programs marine make with we that successful the despite And industry region, remain progress in are in impacts the we pilot oil scrubber COVID-XX, orders near-term. on and believe for market, industry this announce of to significant for in continue to gas we We which customers follow key the the the
was will more Our picking return activities us of global later market contemplating believe growth this there orders, with share XX year. our translate which orders, than a once and remains And of in the on range. to while we up to lot XX% the given levels again historical disruptions,
note. the And be at May in on Please Wednesday, participating Conference week, Saying Robert I XX contact the will participating virtual webcast Virtual out XX. one-on-one on will later May One I Partners. week. with will this presentation Thursday, in information. Blum additional final Lytham a sent Investor next be be meetings also for team
over said, turn have. call the that Operator please. you And with now questions let might any to me
