Absolutely. Thanks Zaineb. for the questions,
and answer all question, the to X. parts I'll X So
regarding financials. QX the one, So
across revenue supply sequentially. So our This is quarter And $XX which is to chain new year-over-year driven was primarily XX.X% our million, really was down by vehicle right? and third macro, issues. inventories and limited this the overall ongoing shortage dealers, all XX.X% semiconductor due
this much control our at very of it's So out stage.
continued management. our We prudent cost
adjusted ramp-up quarter we being thinking achieved think important of forward. and this was we of prudent, TrueCar+ year So of the year. as for $X.X million especially on in million But very $X.X as an I start EBITDA the just second to compared million about going $XX.X to keep last it us really
in million $XXX with cash balance. and on strong remains sheet balance X the debt Our
these note challenging really something macro important environments. more in to also it's So
halves. you of If has really XXXX about been think year-to-date, a X tale
before demand. raising return expect levels we April through year, and the SAAR numbers has this half and necessarily first the through don't retail peak, the effectively industry declined, effectively progressively third gone to this of saw the Since year, quarter. strong at worse, the the has have of super the During SAAR inventory least. continued end And
what happened of there the the you year So recovery during overall over COVID. back if was is a think that XXXX after
next in quarter. more hit this and resolve to Whereas back If have last single be pronounced, look seemed of to also a COVID will you and longer probably year. really much extend year, will take seems to been into only
adjustments not close on for And the at at dealerships. close by pay and per so are just impacted purely preparing of rates happens in inventory and that our level directly obviously inventory for. therefore, levels, only models, something pricing sale. in Obviously, vehicle at correlation there basis it's strong inventory a affects levels, what particular, between rates ready our market inventory the is business our financials, happen these but and we're lower levels, also our The a per
makes business sale -- model So obviously pay the our slightly level. which per more susceptible at
guidance. on question your Regarding
the continued uncertainty for guidance we're in given the not So providing any market, fourth quarter. the
end buying and walking well. at holding are headwinds until flow at temporary, towards the into the rate Although the possibly we we product close our the are dealership macro up expect of the many believe It's rebuilding. the effectively really then inventory balance the throughout or day XXXX car of of not. people the into isolated the really these And XXXX start change of for metrics least in and little
managing the last continue business our we've over inventories we'll dramatically. the decrease way couple And good our quarters. super like we one really performance pretty back proven obviously of we marketing so how example and is scaled as spend saw prudently the we've And have
were we the very so business And responsive towards overall.
term, however, conditions inventory will back. expect and Over the swing to and improve we the long pendulum the inventories of
car in continue long on both TrueCar+ really we see us well huge opportunity focus a as prepare buying and selling term. invest really business business, for obviously, to the in. as to the car for And TrueCar+ and more to business and it buying We our so And online. potential core lean that, the we gives as experience shifts nice
strategic will continue see growth inventories and position prudently, in our us once to increase in business initiatives monetization manage invest meaningful we for So overall. a recovery more will we that
question. your for you thank So
