This call our published Kevin. website, our for the logiq.com. everyone, results, second morning, on we joining quarter also thanks, appreciated. Much which And can downloaded Thanks, be today. XXXX earnings
the state of current Operating to as John through financial call discuss year. highlights our next to for quarter commentary minutes, I'm second to turn strategy provide guidance I'll going on second Officer, move few half some the and Over the and year. discuss then our And the of over business MacNeil, this we forward Chief the
successful enabled opportunistically spin-off attention it to X publicly compelling business we add be which the the which Recently, create we on shareholders. companies resources in we enhanced models, value now and made decision business, traded focused that transformed standalone and business our GoLogiq returns a X This strategic of distinct into their X for announced companies. as the was with very
For the with XXXX, year's of results mixed reported to second down compared quarter we quarter. second revenues last
doing a phase as officially which away is also shifted and now ago, business transition business. in began business our from GoLogiq, as AppLogiq, However, is X lower-margin operating without have weeks we
expenditure that is from lower-hanging and business, the refer what up marketing To company we call for us. for fruit a Previously, lower-margin this of and justify to the what which picked business white-label advertising sufficient clarify to I further, we consider resources. business time were largely which the bit and margins is agencies the
decline. marketing entire we has seeing and more efficient become of began digital technologically, the gradually margins our and However, more as field advertising crowded
At have time, accounts after an and go asset. our saw capitalize and that, to on customers. relationships proven to industry larger experience And the to the larger opportunity we an same expertise, be around
customers successful, the GoLogiq for ourselves in So over shift to late decided after past seeing the make in XXXX the or as business DataLogiq to spin-off so, contemplated. was being year we shift GoLogiq's its higher-margin
I'm outlook a as quite excited been of future. that more to results. a the revenue broader this about organic actually prior Despite part have one the quarter's vision, back quarter's decrease, the is So I revenue gets in months long-term optimistic our about than us
were is kind And operational of to we expansion reinforce substantial that We actions accomplish that with themselves. gross growth. segment margin and able are the pleased this consolidated with margin the
So also cost where we learn return as at earn prices of better reduce better goods to our our we increase a customers sold. on while much seeing investment, how get ensuring strong to
of into intelligence And At machine employ continue will course, make here. we our some artificial do as technology gains you diminishing things upgrade like believe run of to and help returns. we a learning digital and we point, point so, us to
as As we the noted choppy in reflected ago, months in quarter. quarterly remains our first report X quarter revenue second was
substantially, strategy coming look to higher-margin commitment to the strengthen announce also details our our will way. we which is executing succeeding. revenue ramp a ahead, cash third However, which in quarter our quite in business meantime, to to is about expect beginning the weeks flow in big In pursuing
operate back rightsizing. That said, that shows sign more turning of are actively many and undertaking a downturn efficiently entities we as weathered -- considering have we out in our generation a how bottoming are to upwards. demand also core business And lead
So while to goal in the the breakeven reaching we year. remain committed a we end to achieve rate demand of optimistic the EBITDA us, front this by our this opportunities of run And about steps necessary goal. take also remain we'll
upside to larger wholly Logiq We would a offer completed shifting in in a and earlier, our versus is capitalize Battle that as profitable year. was operating part as the customers, owned consolidating on to earlier most that which are we phase acquisition it corporate are the Bridge we Bridge this mentioned into determined resources this subsidiary. securing transition Importantly, Battle
to team That Battle on we consolidation synergistically expect it accounts. The bit and ahead. progress company bid little has of of with pipeline longer, gaining much services us that Bridge business those broader and into a about a a report Logiq, enabled closely. strong can are and and that expertise. confidently produced its we traction, although of far has customer depth in strategy cycles is state monitor the win today, bigger range a greater to weeks we And sales our this solid fully And
which actually for by our a written I But very and rewrote confidence-building me. I very and script, team, into language the written was Investor Relations it much nice like that anecdotes it. had was
describing you're that's agreements his on view second and had with sounds context. it who's comment absolutely the But I week, him, without right, awful. that me overall And purely nondisclosure quarter. to conversation told the Last under us, I was full a with does. I was someone
million, XXXX revenues went $X So in January back and bigger spite When XX%. $X up I profit around what which picture, did business acquired with to million from of roughly and $XX.X bit also the teens. business up describe to we him. grew out were to margins the million COVID that, DataLogiq little to the want were where and core XXXX, a you of revenues all is low I hit, below the year came now of our a gross in margins
gross margins and million Last under business grew $XX a year, to in bit revenue, that little were XX%.
a which will, approach starts year, more successful, middleman, introduced we're a taking to terms, this platform simple that, disruptive For have margins the ease in profit out and substantially. our increase if
are Two improve than will that we profits XX% range, to of much are levels the profit and margins the in XX% where which get has we them. to that as years. We've scale, delivered initiatives, to now. the We've margins, we overall are greater demonstrated resetting have upwards. been goal been doing absolutely track this back the for Then attaining revenue had on and the we've higher of business in
time we also again. that we'll this So succeed believe
to year a the contract, year line on and that of a throughout this of internally reap us although second past a to our rewards, is the the revenue business setting made quarter on top So demonstrating did the solid margin more and expansion should approach this revenues of the trajectory solid great already growth direct for rest beyond. the is evolution and investment business footing
year. review like John for Now over second to and guidance the to quarter call to turn John? the I'd results the MacNeil
