will that Danny he's crucial ideas strengthening our team making over strategies our to including growth. leadership X organization. and of impact, energy and proven a be transactional His already is June, in has TSS, innovative decades expertise raising of our part operational Danny, and experience, early a us sound to track areas welcome With efficiencies rapid joined key Thank and Danny delivering periods strategy. during experience, of addition to improving record building capital financial our of drive significant increasingly bringing to our a and spans important help Relations.
His commitment growth to ongoing team. you, Investor and
Speaking for future share insights beyond. TSS, of growth opportunities, and growth pivotal some a our XXXX for let transition and for on momentum position XXXX me building current marks trajectory. and expansion accelerated and
to ahead. poised demonstrates illuminate trajectory today's for to the significant greater achievements additional call, context current our even share Our position progress stage we're On why optimistic will provide setting and acceleration. I for
strategy has turnaround review, and completed in progressed in ISO culminating our we Our a announcement.
To we the of as milestones with and this the comprehensive communicated operational began through in earnings certification. half call year cleanup previously first key
and people, customers. Next, scale through to capacity, of layout ability our physical our we for our addressing systems in within current crucial our concern main demonstrated a facility, investment successfully our
cash Now ramping earnings we're entering flow. and revenue, third the up phase,
We growth of results QX this already our are reflect. beginning the as seeing
foundation operational a us proven been and accelerated execution has ahead. positioning solid expansion Our established by for scalability,
driven half the line XX% a from investing Our our EBITDA year-over-year simultaneously delivered profitability. underscores was year's revenue -- remarkable growth achieved while of Adjusted performance net our $X.X in turnaround surged This first $XX by total and more translates management. results.
Operating impressive XXX%. increased even and facilities million a and integration the progress. this in systems revenue bottom million income, [ last we XXX%, revenue, ] significant income loss. into growth $XXX,XXX in The expanding more our growth, We year business profitable businesses,
financial occurring approach operational AI high-performance infrastructure our unwavering and our expanding success, driven computing go-to-market strengthening our solidified team efforts.
This but for our from excellence, strategic our also stems position delivering performance and enhanced in as our a partner in and trusted not to digital financial focus crucial increasingly Our on commitment our only has world.
stage needs of and their of growth me continued dominate TSS execute to of our as demand insights of numbers just to enhance infrastructure.
Operationally, prospective we in shape share innovation. our not as and an ability success the remaining high-performance to market, unprecedented a AI As catalyze we those AI support for to surge and improving needs. demands and while our and evolving infrastructure results meet partner, AI At forward, The speculation in to planning, to our expansion, move primarily procurement of to these challenges but strategy seeing compute as AI significant and state digital significant infrastructure center and the partners driven the through some our power. opportunities customers.
Allow density. landscape hoping data for cutting rapidly We're capacity on customers' set for continues computing the for validate is services headlines. evolution rapid other presents level, responsive the by due expand need the future meet current creating well the OEM our primary end we're power our
soon a in and typically racks kilowatts in in This consume couple years. Today's next reaching density of XXX swift road equipment maps in buyers rack to power. XX would Industry single may XX power of AI XXX of over is causing period This data center couple push XX recently, and is we for growth an trajectory. lumpiness a uncertainty the to some project kilowatts incredible Just remarkable short a time. growth kilowatts generations. advancement anticipate our within cause kilowatts XXX of
However, data increasing are compute with a accelerating heat. challenge, positioned increases not opportunities.
TSS challenges to landscape. -- this AI this is formidable center the density dramatically adapt, but evolving Cooling evolution to lead there's increase Moreover, just and presents that overall keep to This rapidly changing methodologies pipeline. brings power pace is density. both capacity rapidly in no doubt the
rapid more immediate by adjust enables customers customers on-the-fly changes to to us model testing operational and make provides quickly to narrowing cooling. configuration seek nimble capability as feedback options, including Our our architecture
the During for capacity QX, production significantly time we of a online the existing our expansion and This rack builds within in complete decreased of came customer server volume OEM facility. the beginning our at by June. in surge -- which the was investment our demand expansion made customers. to The cycle significant our increased driven track capacity, in pipelines
Our supportive. the and committed customers seeing very actions are of are OEM benefits our
meet times funding future We as customers' capacity view received have customer in a partner. reflection us and needs, of expansion compelling capability recent to of our for a
execute complex production future partner with become to This we truly is That We AI-related solutions began goal is AI value June primary stress, for as on continue in actively QX, expand our to a time, initial discussions publicized out capacity fulfill on a want including in endeavor. our them first the their highly to further We increased engage to needs in began for I and and being and and their program relationships. success.
Demand a delivering program. stage time, QX. into integration partnership we our carried of
a we a the of the achieved result, rate finished first for of with Rack XXXX. under of what revenues are we year revenue. As quarter half rack just bit integration a this run integration all from record
third-party solid it QX, source we performance hardware, slightly year-over-year. although down delivered was software in where business, procurement and Our services, another
the robust modest potentially growth, indicate quarter. in a projections for for QX, surpassing Following our revenue $XX QX slower procurement very million business
For procurement timing often due the methods to quarter-to-quarter those and with recognition that familiar segment deal. our revenue recall experiences of history, fluctuations our size,
upward, However, its trajectory profitability. our remains overall to consistently contributing
optimistic. remain on While cautiously business prudent by a growth outlook this we're line this encouraged trend, to maintain we
opportunity center for modular Our business to data and business continues promising TSS. growth show a or year-over-year long-term MDC remains
a the modular now market While hasn't data expanded site centers. We're augmentation materializes earlier, rapidly overall greenfield cooling seeing largely highlighted compute initially potential requirements any favored solutions. industry shift.
The as predicted, MDCs, at be may the Whether to predicted, rapid seen. for rate of signs growth usher remains density, capacity challenges using because increasing this evolving over area modular development finally MDC analysts I've
capitalize that start rack anticipating we've underway. as are particularly clear, clusters trend, being now been be the AI modules.
To TSS, is overall on if However, positioned we to ramp volume delivered this freestanding for strategically
Our OEM come. harbinger and good QX things the is deals robust We of believe we're to our pipelines, customers seeing to close. have very performance begin a
a in upward not of changes. at future as may of era it pipeline revolution, transformative are a OEM and as large, not inclusion line.
The strategy, smooth anticipate propel our confirms investments exciting, bright market we're tireless in this OEM is we're forward. a this as no customer But is are and importantly, the pipelines growth we we This dawn linear trajectory team.
I'm riding be mistake, it's just signals variability helping a rapid And some strategic materialize. the validating. Our technological the industry programs our of just partners to deals navigate more we key of witnessing not of and landscape, our adapts dynamic exceptional the forefront. TSS wave our It our proud AI team. efforts This to make
now turn it Danny? So to our discuss Danny to back me numbers. let
