Thank you, Guy, everyone. and good afternoon,
measures, Full financial per third which impact and like today. issued discussed exclude on numbers available to a Before starting well basis, on I while and results GAAP be the is results cases, tax GAAP discussing this in will of overview of remind reconciliation of deferred be call the the to our as pro forma review I and XXXX, would compensation listeners the on quarter the will the certain non-GAAP that for non-GAAP release website stock-based press of as our share. earnings on
start of results XX% the increase million, a of to million the financial revenues Total $XXX.X the $XXX.X from an let's in were XX% year. quarter last second compared with of last $XXX.X XXXX. revenues million period Now and increase of the same quarter
generated in the outside As portion previous we quarters, have the States. of of revenue United our mentioned is growing
the time, This our of the XXXX, of more comprise the fourth rest quarter, for XX% sales first and Europe quarter of world than since to revenues.
of X only addition, XX% In our this revenues. quarter, exceeded customers
XX% higher XX.X% customers approximately With support no needs quarter despite by for usual was accounted inverter residential airfreight department. our our of shortage growth cost substantial margins sales in exceeded prior our manufacturing to XX in from of gross the environment, our in costs and in stable. of last reduction HD same increase total of increased than was quarter portion for gross The global primarily increased was year. expenses in power and driven This quarter, product components. competitive and remained our revenues. in continued operations efficiency the and change XX.X% resulted the XX.X% margin compared in margin Wave of top ASP quarter Gross the Our this the
on components the next expenses airfreight Given higher gross pressure expect in global than will market, our usual to we increased margins quarters. production of shortage put for level, continue few certain our and the the
last of Moving This news the stronger of dollar. headcount were from increase to million, operating to quarter increase XX% $XX.X denominates U.S. against and and a year. expenses shackle to increase the quarter same R&D R&D expenses. an mainly XX% previous from was that driven our expenses really compared the an growth
quarter to also concentration XX% during and compared to than us in product the XX% which the increase quarter, expanding geographical execution. the and We and continued shows development business for expenses of Other trade was investment year-over-year. increase XX% previous our cost international G&A footprint. and for $X.X from revenues large by the continue Sales million continue quarter, last prior was the the of increase driven expenses a and same were to were to in profitable of correlated invest our in of quarter to to increase a XX% to see due business, fact the is the G&A an compared increase this related strength aggressive accrual our to our marketing a higher growth, than partially of This lower quarter reduction expansion related model, that the allows doubtful overall usual the were reversal and of accounts. our $XX.X expenses year. quarter primarily new modest million, an for last quarter
to quarter quarter $XX.X by expense $XX same proceedings In last the XX.X% in revenue quarter million addition, the legal million or litigation third were or or a revenues quarter, G&A expenses company. expenses and for of from XX.X% of the XX.X% in include compared of prior year. initiated In revenues total, $XX.X million operating this the
a operating expenses $X.X million this and income million million reached As net for of million quarter $X third same prior the period $XX.X mostly compared compared million between in year. record to quarter income $XX.X Taxes million the year. net income $X.X result income for of -- same the for and income last the million exchange income $XX.X of compared the year. the in the $XX.X period GAAP the last and and euro quarter income million U.S. a same related the $XX $X.X above, period previous high financial for and million in GAAP and was GAAP last of million net of quarter, year. quarter quarter non same million compared the the is million was last previous for tax of income income $X.X to a previous Financial quarter to dollar. GAAP quarter the for quarter This $X.X the rate for the of to the were to for $XX.X favorable
compared to diluted million quarter the non-GAAP previous $XX.X last and $X.XX $X.XX share non-GAAP the $XX.X -- for million Non-GAAP year. quarter compared with Our in $X.XX year. earnings the and third the quarter in for $X.XX year. net in net per was net $X.XX to in the compared net of was EPS previous the $XX.X to quarter a same same income GAAP previous quarter diluted million last same and $X.XX last was quarter quarter $X.XX for compared the income
the to sheet. now Turning balance
cash million XX, cash, $XXX.X XXXX, June XX, cash to and were September investments XXXX. compared at restricted equivalents, $XXX.X of million As
million from operations. sales During million in as DSO mostly quarter, million this remain $XX.X our reflecting the we XXXX, flow day or last similar. quarter cash increased net growth $XX.X reaching compared to generated revenues of third outstanding our $XX.X AR in quarter,
of inventory As $XX.X reserves, the prior in million XXXX, $XX.X were September to our of level, compared XX, quarter. net million
the guidance fourth onto XXXX. Moving for quarter of
margins to of gross Operator, the within will revenues open to to within turn XX%. call I now it range up to the to million expect range $XXX for be the to and be $XXX We questions. operator of million, over please. the XX%
