our good XXXX. listening. general first results begin of morning the half financial and providing of for by followed I David, a will a second the and everyone review you, quarter Thank corporate update, by to
second improvements compared quarter operations quarter and quarter our the our While significant expected be XXXX. efficiency progress was us streamlining loss, the made manufacturing neutral soft, expenses, second This and organization is sales the flow, the of lower quarter cash second have our improving allowed by These towards increasing channel. revenue in the the to second the of than adjusted improvements we EBITDA operating revenues. for of despite net cash in and flow with evidenced
We our Commercial hiring have of and as during revenue beginning will goal to our additional continue and to of July trajectory hiring implement initiatives already through several our the of personnel These taken of half additional year, of and measures designed Brandt into commercial organization, a sales second and with half of the major include this sales year. first Kevin Chief we increase this to XXXX reorganization Officer support initiatives the XXXX. stabilize critical in last the
good about have sales six of we the we with which is new of initiatives. XXXX during our success are addition, new months that traction In with recruitment distributors gaining had the channel the first proof creating programs expanding customers of products our to Further, in value to line sales sales personnel. process are improve and educate we support new the our and marketing designed of our top
development improving increase the development products. for also potential in a cost of expect of second initiatives customers half. new meeting our development research focusing product In half benefits our order cost-effective effectively first our in additional spending spend objectives, based approach XXXX and developing with research growth a to the to manner. This designed to more we the project new clinical allow new give a we align will are and us to their see an Our products compared to in that commitment are include needs in outcomes. to our patient and Accordingly, investments assess
enable believe make of investments infrastructure is first planning to of on-track improving customers first maintaining Xtant employees to platform, remain making to We I We sales As with complete which which this outlined to listing company's we the phase enterprise an the our fourth listing XXXX. upgrade upgrade includes compliance better noted our towards remain milestones the and American committed our and second of Stock improve regain to the in half we phase during the the for resource call, will upgrade our York and this our for are continue serve to New our last we've requirements. XXXX performance. existing quarter necessary to the quarterly Exchange progress in
accepted New York announced, X, previously exchanges the Xtant October a has throughout standards. XXXX to [indiscernible] listing to As regain compliance. it's Stock regulation granted plan has Exchange the Xtant's regain we continued compliance with been
Now, turn for to results. $XX.X the XXXX. same second of compared XXXX our quarter period $XX.X let me revenue was Total the in million financial to for million,
first For the to attributed PLX with provided and were some primarily $XX.X for to of services December our XXXX entity an the our $XX reduce customers, an from company's products XX-K can first These as half which lumbar of spine XX, disclosed XXXX. XXXX. of for implant the revenue as million the half to that recall be of system the our in both effects termination of XXXX advisory previously agreement December hardware of total million was decreases to demand compared
second Gross XXXX was for XXXX XX.X% the the half during compared compared XX.X% XX.X% the quarter of half was for XX.X% for margin margin of the first to of to Gross quarter first XXXX. second of XXXX.
increase well net quarter company the as sales, the $X.X X.X% an During of second it's inventory totaling overhead increased reserve XXXX, absorption. million in manufacturing as or of
in million same XXXX ago. to the $XX.X a year million operating were expenses $XX.X period compared Second quarter
to half $XX.X XXXX, expenses operating first XXXX. compared million were For million $XX of the in
reorganized sales sales commissions lower Second due expense. restructuring quarter amortization last primarily incurred and XXXX expenses year, lower lower, operating expenses were to our travel including organization expenses, commercial and
and and June XX, June months compared XXXX six expenses six XX.X% revenue, the a percent As respectively three of ended ended respectively. operating XX, total to both, XX.X% months the for XXXX for and were three XX.X%
expenses half and $X.X same XXXX first increased and ended the compared $X for increased to the to General administrative of million of same settlement increases XXXX current fees to months period compared XXXX. bad XX.X% expense, periods. XX, the legal expenses, executive primarily These three incurred XX.X% XXXX debt in of the recruiting year period for to June attributed and the to million were
XXXX, period development the the and expense Research XX% compared was in $XXX,XXX second of quarter with for by down same approximately XXXX.
was our million quarter loss $X.XX $X.X XXXX. in $X or for development XXXX to net a period. per second The to share approximately spend net share XXXX $XX.X we million for XXXX million commitment $X.X comparable and in to per of quarter, compared noted the consistent $X previously second new the loss or year-to-date the share million. $X.XX expect or of per future, with XXXX to product invest compared increase half $X.XX or our share As we to last million loss was $X in The per in
Non-GAAP XXXX period XXXX to was adjusted to compared adjusted the of for XXXX. for million was million the the of EBITDA $X.X first Non-GAAP of same $X.X second $X.X EBITDA XXXX. same quarter period for $X.X half of million million the compared for
million $X.X XXXX had $X.X million and availability $XX.X our million As of $XX.X under in we million receivable, inventory, equivalents, of and XX, of cash and cash credit net accounts June of facility.
growth. our improved top reiterate would to I to operations rightsizing for commitment our line closing, In like
progress improving the quarter operating net evidenced as are Our improvements highlight cash we financial adjusted second flow, loss, made results in our software efficiency and making spike to that [ph] in by EBITDA revenues.
a expected challenges to are priority time top we're will to and Although gain persist. and take the to want near-term traction, implementing stabilizing revenue initiatives Xtant. is reiterate for that improving I
forward listening, progress have look on upgrades to you a Thank I and day. calls. nice of providing our future for
