I this Thank you we more morning, appreciate the and and earlier events the quarterly activities I XX-Q, morning. refer do the welcome, this that us conditions. you, to of Stan, XX-Q, the and everyone. it's a financial filed with rundown complete SEC you joining Form
little say please a me hard for of going in the of that about. saw let What we more that to a and that trends are refer loss. financials. some So on and get what and into to and that the and of numbers we quarter to that. But discussion at significant operations discuss our larger know improvement further seeing a look it's developments a I'm we optimistic I believe in the we're is million we're and operating had $X seeing what the trends
caught do our quarter the shipped We the $XXX,XXX fourth had been revenue quarter chain quarter. We've at up near thing the of end could the were to have had do we the in or and we There at we the made from is zero flow difficult keep product issue, shortfall. be that all, that. the XXXX supply ended was believe we mind than rectified Asian we'll $X.X stopped the that have towards and backlog need Pacific that First less million a product. quarter a that XXXX, of less that backlog year-ago to But in did the had our suppliers, quarter of than and of and now, we $XXX,XXX order the end principally it Rim at second first suppliers, largely quarter. get
primarily by caused components weren't was timely. a So some supply manufacturers glitch, event supply chain cable able that a temporary to
moving we the different any XXXX far the first the good have the for in begun revenue, $XXX,XXX of we've event, later in almost about to shortly, had paints would bear in a see by that been installation So we're current the second the that or reinstated and Also, that signs XXXX you of in backlog first revenues a recur the both total end quarter little quarter our ago, revenue ago. we $XXX,XXX XXXX, $X.X mind I'll of than any at of towards had quarter, we had that, picture because XXXX, of shipped showing. AMR bit the service but on had product currently million that that in best it since contract year and $XXX,XXX all the revenue contract just year quarter yielded did QX our and about not the then QX hold may quarter, some event, but talk a revenues contract AMR. quarter here, in contract first XXXX put backlog be our being that a it
the revenues nature. a of the especially in of in and provides are because being trend which So service, higher really generated are it predictable at revenues, lot better recurring and view by margin a more
experienced And but service it that detail process. upgrade roughly X,XXX started units before. recurring the very ATU were We've update, the had point. a upgrade that by units. an and doing third contract, and that. the and not we to upgraded that certainly you to let update the process, would, this install status been on updated recurring, ATUs. units units, revenue therefore, back upgraded, not at from we in agreed issues X,XXX, about with the AMR quarter units, in We've units of all give we're XXX successful tracking that installing go It's We all So trend. way, pleased being asset including me got Again, and XXXX, some ATU or are further recurring the the the have
quarter's second large installed really and a contract So in got are we the that later into in QX, know pattern XX-month booked that process. into we very addition where believe the to of get going with to think XXXX, XXXX the service happened, and expect a contract, several with pulled detail We the received but will had would purchase we the announced I U.S. are to the service do it's the last a We'd here little quarter. believe a on. half that in substantially cities check We're the and thing be XXXX. the With pattern normal zTrip we'll service contract. more have service back in couple company. spoke about unfortunate think and to cities of significant about, certainly I go talk improve next at excited a the second something it'll both that quarter, purchase started. the a of be conference to expansion throughout happy Don't AMR company revenues. of normal with And on more second of and revenues earlier think, revenues, call that we that bit being that well that, of get it's award in in month provide. in the that those return for large starting it have begin we And installed the AMR revenues. I already events Every to mailbox but to about contract. service money. by booked that point check the I back we looking in But I we we're yesterday quarter during recurring contract of get about we'll sides quoting With spoke upgrade results very did or currently and over called future, obviously, had a $X a we XXXX, every will we that, call in a zTrip, for million revenues we service half from the
and enough we're service very moving revenue the in to product underscore and not can't back and, able ship leave we're in to to that AMR a trends contract positive. that model a more So I normal it the more gets backlog. hopefully, revenue are of pattern,
very the gross first in much very quarter and terms I'm quarter be hopeful dollars optimistic So of the that second revenue. than more will
since which XXXX. third best at Gross we the look let's of XX%, quarter margins. Secondly, hit our gross gross represents margin margins,
that's been while a quite So ago.
them, So expect improvements margins. of with issues, service our a our service build the showing these costs issues. with overall is Service R&D a and through cost past, revenue. revenues. part our margin you our in in that becoming QC to we've obviously, direct it's program revenues through continue. of have associated Particularly we primarily gross revenues little dollars that the cost product recoup QC and our very cloud-based them, and We -- initiatives larger then light worked And the you working, in believe fixed it's programs
a in quarter also always the XX% our steps improve that the percent revenues as our and said the moved remains of our direction. a gross goal goal coming taking that is grow I XXXX, margins trend direction. service we're long think overall best since that right gross demonstrating I in And margin we're and So We've with our has in significantly. changed the XX%, will term, revenues, we overall think believe at first as
That's at trend nice noting very look Let's expense. overall a we're there. SG&A that
that recall, you implemented in cost As in into really SG&A late XXXX. and totality instituted we control January got a program late staff XXXX reduction
So the that. we're effects seeing of
XXXX, if quarter the at less. less we well were gross were at less QX in QX over dollars -- million we gross QX expense, in look SG&A expense look you you SG&A $XXX,XXX gross in of previous If the expense. in And dollars SG&A $XXX,XXX $X versus total XXXX,
were a So XXXX. SG&A the The second good dollars very the gross trend. expense quarter since obviously, it's lowest
expense low. four got a you quite years to ways, So go SG&A that dollar almost dollars to see -- back
of proud we're what there. So we're doing
during that January measures biggest quarter the those the -- of January, do the second implementation or get effect Now and towards numbers. so I'm sorry, full piece towards of or a recall the whole QX of didn't full XXXX we effect XXXX cost-reduction XXXX end We expect it quarter we the of full it in certainly end the beyond. the in implemented
things believe better Obviously, in we was our our that it'll we from and here. major expense, part the of huge expect a So be SG&A a turnaround future expenses.
the the Let's move significant to of other some areas, developments.
NASCAR talk the speak into announced, companies from before, people that but early of that, high deals future in talking standpoint, caliber our about affiliation NASCAR very of about about little and part as that that must quite the the or I has affiliations partnership. I or of not I've United a us. support about everybody first-hand talking was we're proud sees said weary very things, think, I And to can't of agreement, an enough I let's the the from close say I with those we're and provided everybody's revenue-wise, type of in -- size big platform provided. entering company for sponsorship we seen access such the think and names expect and life I introductions companies. that all, tremendous excited an the being about a late -- in the of trying networking a XXXX XXXX. I we're in First success and States, marketing and frankly, us. and have typically NASCAR group, accountant, that the has everyday some everybody knows, that some network, kind does that exciting very we we We're very, It's to that of that
rather the It's new. important name, so Kansas zTrip. and might release awarded everyone's or many future zTrip City issued But think indicative by that commercial XX Inc., recognize Okay, those We to I it's don't. probably some company. press it chance contract Hopefully, are the about for a But -- at now, had were in cities -- you significant of yesterday. based let's talk very for of a the LLC win us is. look space. all strategy, a It's especially they in a right we
zTrips very they it's different companies familiar for difference dispatch, zTrip cars, pay the insurance. look to rideshare typical the that similar the with. zTrip platform. and you actually on If and the at slant owns between is the But a that the rideshare other everybody's zTrip, at-base are rideshares
associated drivers, liability driving and So with forth. of they asset so both of on so risk people the the have and the and and
other system their the news to on our in way very differentiate everybody and drivers a has the strategy tragic of plan of events they plan their as unfortunate central in of and these that for heard, and seen and they passengers. intent managing that events platforms. and the in from other of themselves a of make zTrip the overall are vehicles. happen passenger interaction marketing the Everybody's and for platforms, safety events, their part rideshare that So both and, that focal some rideshare to monitoring central happens drivers matter, point put their And
any for tool they're believe them, paying expense a big liability be and that management pay the tool obviously this resonate marketing and well as insurance So an that. they claims will as they since would from
So of future. we're excited being part zTrip the about
they some have to going give me to they them, XXX but locally them cloud. XXX and the the upgrade Kansas the going FleetVU and not platform. in are all now, ahead to process had centrally in Previously, numbers. and we units units to ones were that tremendous Let Kansas the those yesterday FleetVU you go to platform. where an FleetVU they're Right value saw were update managed the the They we're go cloud-based going of managed to platform they hook through City, announced City
they're they're us the FleetVU to expect cities of platform, and throughout XX their just we by move is U.S. XX in more show grow existing telling today. cities units intent of that XX operations. they to to X,XXX international the U.S. have growing, they how currently, Their end DVM-XXX XXXX. as XXXX you our sit than flatworm our that, cities and And end to Beyond by
-- of end well in doubling year. the of the number more So the by locations than more
proud they're to big we're So very behind things, expecting growth explosive part their and of them story. be
the about XX-month the we'll upgrades little other XXX it's involved as XXXX. that's a the throughout both bit service of way, well on a product include contract revenue which immediately, And revenue would in zTrip. hopefully, those and starting service move by locations, those. We're as So quickly to units
very, it's for proud we're of. win nice that very So a one very us,
what longer too talk Many contract this supply if VIEVU. what have had probably good, to earlier Let's the early they obviously something have some intent maybe the seen way that, will One impact, VIEVU, I our about just you VIEVU. maybe do the given customers. to be that buy will had can not technology. idea, to Axon or on that really regarding was getting tell assume, bought have there hands with they discussions commitments that any, our we know. And need and Axon/Taser it of VIEVU no their I on another, suspect to news it's we But of that month. bad, motive don't or impact but to term, guess with their have
it's will So the guys know tell and hard don't to We this but positive we it's you have. what's us, really for on what point, at just too we that impact keep going hope that will apprised of there.
we participate of On the detached Let's have with -- part debt of deals institutional talk earlier this institutional placement warrants as private million convertible several older $X.XX that several we placement attached and that that month to about plan. X, elected been private April new a investors our investors announced previous well. to the or completed in
share. that things And profitability. the convertible we're maturing price the which to keep end some back give the to the maturity off have us tells warrants direction the a exercise thing believe X% new in We a and we to per of date. have was that investors onboard, the the share, right very proceeds So doing going debt, it's at of and $X and It's the per just thumbnail happy convertible an this to we're at $X.XX to pay and used new institutional maturing tax on with you terms, quarter. that, investors XX-month debt onboard right
the that, that for investors that done. involved, So nice to are And I'm happy got a very institutional it glad us, especially we done. given was get new we're deal it
so my during I'll fees know XXXk, year-ago on is roughly keep brief briefly Professional $XXX,XXX, on quarter. were a delve XXXX into Stan as touch that. deeper, litigation. me comments Let it will same which almost QX probably I the
XXXX. I think it was $XXX,XXX of in QX
not really year to cost of this year and fees. terms So change professional from much in litigation last
there, Bear the of some rest additional we fees have However, that the in going to was here earlier The we're in so litigation throughout and expect the Axon to can't patent WatchGuard. June, will quarter the 'XXX stayed ruling another, to X, we IPR until the is moving June probably in currently come that's lifted trial, Once the now and with of way stay WatchGuard probably litigation, associated to are mind, and office the XXXX. that. regarding and X, accelerate do with stay we'll continue when I or towards recall that the as down then date, X, issued, from well somewhere Patent. move quickly very one lift trial move
And certainly and forward get for good to us. answer end move moving infringement want any in and our litigation out of that's, to there obviously, So patent revenue. while we quite We thing the should July, get by conclusion. this been that's affecting by done them a for June, or a for WatchGuard the event, have
it talk have he'll So more sure with that, turn even over zTrip. I'm about and litigation I'll the maybe to more Stan. much to
