Chuck. Thanks,
on into how and from like revenue to these give as I profitability. and introductory to a operational translate importantly, commentary Chuck's Following most remarks, growth on highlights expectations and, would brief recent my when the will
services; power Tech legacy focus which and both subsidiary, traditional. lines announced Centers process the visualization the and centers, complex brand-new Chuck is in and provision business company of business: business; the Edge AI, as data related Edge our distinct into Duos manifested in of on will providing recently the As X Data mentioned, with expanding for of operational
in related, not face X-year strategic of the they the company X and are X and address management staff, will is of his and with on have plan improved discussion its But these divisions to the commentary following by all at experience Duos While period. my plan expected the guidance the domains.
Chuck of extensive markedly look end XXXX if conclusion the complete in an be in for expected perspective, the financial transition may fact, it team, of from financials. my as position the transition
signs stated and on are I that steadily I call, seeing results, believe the last we in the believe most we our recent improving threshold quarterly of first During that of the this are results. I
we intellectual building plans out the in a the provide our with detail the $XX-plus to and first talented will half indications and defendable that As and plans that for for at in in company mind, solid now us results expected million such, to key now quarter highly recurring the new own will a XXXX. revenues.
With access organization, property look foundation owns a let assets second the XXXX, that increase investment markets are for remainder patents, of with or of
for quarter, metric. second increase to the and in revenue, XXXX. XX% to revenue, an revenue in but than recurring more million of compared total quarter Total million During represents million XXXX of systems consulting this of technology aggregate in the quarter $X.XX QX revenue representing a $XXX,XXX for $X.XX services XX% important $X.XX second the decreased approximately
the period million total technology recurring and of revenue consulting ended aggregate an same For systems revenue completion support approximately decreased $X.XX for last the $X.X prices. $X.XX as Total of by revenues which increases service months in which in is also XXXX, in portion revenue, X XX%.
Growth due the XX% from million recurring represents revenue the detections, higher those XXXX services $X.XX services and to for of X revenue was of million increase revenues intelligence contract year. to represents approximately of driven million of and contract an detections, in of artificial successful implementation as well service and months services the
XX% report such of installation, to of $X.XX may for expect part system, QX. caution, to to the due pleased an this as expect million at although account previously, the $X.XX the report the second into the periods $X.XX and accelerated revenues area project XXX% And QX last increased reflects booked XXXX. the for expected reflect business in who, further the margin startup for QX comment, the XXXX, QX revenue revenues negative delays quarter record year. delivery between of $XXX,XXX Amtrak analyzing margin last months QX this production the revenues that and cost be installation X in to million to decreased of the encountered be mid-XXXX.
Cost for project $XXX,XXX postponed small for revenue discussed be in to X effect increases revenue factored these results the negative project of delays these complex in nature I year.
I'm the stage to the from periods, comparing that the complete both to QX, in XXXX Per decreased Class periods. my periods, X should decreased increase months site, not ended the XXXX. QX for of into where in previous delivery $X.X costs.
Gross $XXX,XXX we XXX% X company For the however, the in subscription revenues XXXX, when the for second to certain cost million $XXX,XXX XX% systems X the until same completion the for that was period ended and compared we when might gross be taken And technology compared year and into to from comparisons period should the has ongoing delivery higher recognition to to million of new related in Both year. of to last
driven transit-focused the in Specifically, RIPs related for Amtrak. of of the gross decrease in high-speed by XXXX business margin QX timing manufacturing X the to was activity
by the compared but and in markets. The being $X.XX by cuts operating technology are are and, patent related with as into certain more the to new ended million QX invest for necessary year. $X.XX the expense $X.XX in implemented decreased continues XXXX, company the XX% from revenue for administrative costs build targeted offset same costs last to measures AI. resources completely not QX associated investments has RIP results.
The And temporary expenses to number expansion precise in to continue sales that some development the areas in in to reduce mentioned, we late in now certain of costs, delivered XXXX to previously period results in recorded the support and being reduction months of decline that to As the million to $X the where decreases complete, commercial are company expense technology specifically, financial the for continued resources now The overall expenses a are for wide-ranging X the have investment was seen segment.
Operating the revenues million to measures address activities ongoing XXXX. in been these that related offset decreased XXXX, million X%
period We million expenses net in revenue.
Net have expected business continue align last to $X.XX and and totaled a that $X.XX remainder year. for compared staffing but for in address the stable areas additional to anticipate operating both as of so to million throughout the we XXXX operating the improve the QX $X.XX months totaled remain loss taken efficiency net ended to will XXXX. to $X.XX in loss for XXXX, new loss of QX our QX the XXXX, compared of further operating X impact growth operating actions not to a And same million loss million operating net existing
services decrease with $X.X revenues a to QX negative margin.
The being proportionally loss $X.XX from revenues compared of the increase have higher a were primarily lower continued the revenue.
Net negative as less share, was in quarter was a for and the in proportionately first consequence losses increase million the in been comparative the net in operating quarters in share quarter overall loss with lower gross of relative result the expected second increase year increases and of than previously for $X.XX X% loss the million by might or second offset delays XXXX, the was than and recorded revenue. the a $X.X Although noted, than operations consulting decrease ago, or
For The previously attributable expenses.
With as net net partially same per consulting $X.XX increase June $X.XX or December At to loss share was regard loss negative in noted balance $X.XX year. $X.XX a $X.X XX, revenue to million decrease million negative the cash the XXXX, million revenues, the sheet. in equivalents was share, and XX, a in X decrease net loss to months or of million at and in last compared ended by totaled cash offset services XXXX, XXXX. above, and the in approximately operating increase the period per compared to $X.XX
sharing and that cash expected company a in liquidity. million this X portion long-term services.
Total data has $X.X million total by years services $X.X $XX.X data $X.XX the $X related current of sheet had are approximately of growth addition, the primarily the is increase as Duos the XX, million of of the XX, second $X.XX increased Class expected half recording December over assets, for which agreement. reflecting to large deployed it the in estimated million, has support in future previously also liabilities value business million have of recently noncurrent remains XXXX.
There versus short-term agreement for year. asset, this intangible than inventory for a executed In RIP consisting mentioned $X.XX provision anticipation and services long-lead assets, for and in year XXXX. contract agreement.
My of this increase stable been notably that Long-term of are be with as signed installation on of subscription fair in the balance X of the a in million the data noncash represents more June in and the and million overall expected to other XXXX, the of the the $X.XX liabilities items receivables of to customer million is comment contract
is $X.X to contracts backlog the renewals million, remainder Turning be million are and backlog The is the approximately and revenue of resulted agreement to noted agreements, for of as now backlog. that the amendment Class of to as and company's the more new for business massive near-term during backlog a revenue and extensions the quarter, multiyear a access accounted support purchase $XX.X subscription revenues.
It expected second and software that to is X end and exchange an nonmonetary well comprises service be as should At of million material than balance service a of from as the $XX.X data recognized railroad. XXXX. which contract project with
guidance. Chuck, the I subject to to the back of would call address Before turning like
discussed fiscal have delays we market current due have to within giving our we the uncertainties and space. experienced previously, frame year in a accurate As in the guidance time some of difficulty
we transition represent this success our expectations year for markets, analyst which recurring be at However, will revenue into have subscriptions, reasonable this believe for we some time.
Chuck as including new such revenue estimate initiatives current the a year. annual growing AI this addressing the already announced and
another we commentary, to we my reintroduce I As call transition Chuck. and the financial expectation formally will months, that few my will concludes able be now is guidance.
This back to pass
