and I'm Thank reviewing going year-to-date XXXX. be for second our you, Jeremy. quarter to the financials both
Broadly website, related be we'll to and are increase to three and our presentation according from not the results; starting earnings weeks Vietnam X. expense, quarter freight the U.S. chain China main who our second supply in products from revenue, to with of deliver expense the following experienced the those to speaking, COVID-XX elimination strong the pandemic. demand of from disruptions Slide incurred in in growth response temporary reduction, For early on recovery tariff our and although things our yet and
revenues a related top have on strong, the retailers down and products the the Best the from by million. Amazon, the brick sequential same profitability revenues significant in to from a based remains side, companies on of quarter, QX during line strength basis. of mortar get $XX.X top up in with year. million XX.X%. our On continues XX.X% our to to quarter a driven prior to imported basis, were the partner in Company's revenues Company's the year-to-date our up-switched e-tail quarter as of continued and Year-to-date, as Buy. such $XX.X manufacturing Growth QX such second were Tariffs revenues XX.X% impact China and primary On
June However, transitioned to transition we XX, this of between impact by declined negative with to XXXX, manufacturing QX models current to Vietnam. Vietnam. as million China product $X.X QX production by our was fully all XXXX complete substantially XXXX, from This transition operations and
Without gross tariffs which these XXXX $X QX includes XX.X%. XX.X%, margin would tariffs, of have Our million expense. our gross margin was been
a ocean primarily to added gross $X.X presentation, of to Slide of to margin expense to demand and revenue of been U.S. and this been by Company margin profits the additional On the the quick airfreight, quarter, On of gross second expense, in using as have have X for the XX.X%. a XXXX. incurred margin use year, we show have gross additional during customer XXX,XXX to primarily by Without our freight opposed gross airfreight expense temporary sales. freight would additional our This delivery ensure products meet the cost Additionally, year-to-date going XX.X%. been temporary was our earnings Without the basis, million and XX.X%, tariffs would quarter would back higher. freight
and our top and line, continued revenue XX.X% we $XX.X XX% XXXX, growth growth between compound see, can XXXX a of rate our you XXXX grow with As annual between million. to XX-month trailing and year-over-year
received the consistent quarter. Consistent year in for Company Over our the past and demand growth in in customer reviews trade has positive sales press. our each resulted products year-over-year several products
mix As the will several introduction which XXXX of market, X Slide impact software products revenue QX refreshing recurring the our development and each to will the existing a the new between software introduce and XXXX and new into tariffs base remainder and shows continuing QX be families, late we in products subscription XXXX. Jeremy a of introducing mentioned, XXXX. of application, quarter to expanding during XXXX,
XXXX impact grew, of as XXXX, been $X over the first XXXX. and level QX tariffs our business tariffs million lines China and and third on under XXXX, manufacturing and to QX fourth contributing each would of quarters the as rising beginning half in shows chart reflecting for our the XXXX, profitable, second Vietnam. of contributing The tariffs, million the the of impact resume in net to tariffs the and our income The steadily the before just of QX between of a dropping XXXX impact have line the of XXXX the impact before just transition quarter, $X down QX from of quarter $XXX,XXX of without of red
production of product to China the inventory in in through of our income, through On products. second as a resulting the sell of quarter airfreight quarter see as the loss to drop discussion were $XXX,XXX. net profit the in to profit, expense in only tariff and the net in directly curve basis, We losses initial during XXXX a QX manufacturing second million, expense expect manufactured we limit Again, income gross closed including this runs continue XXXX, million, mentioned tariffs the was tariffs. $X.X $X.X million. of net to $X.X QX in $X of and and year-to-date supplemental new impact from first statement was The China in million
non-GAAP $XXX,XXX net the including airfreight QX is income XXXX. $XXX,XXX, in expense tariffs, incurred temporary Excluding year-to-date supplemental of
expense in tariffs, freight in for net $X.X quarter expense million. Excluding between airfreight company non-GAAP X XXXX income QX by temporary the XXXX. supplemental and Slide incurred year-to-date the the XXXX presentation earnings and is shows QX QX both
benefit shown airfreight the right significant and from to impact to far opposed ocean the primarily the the Vietnam of U.S.. side off during primarily deliver using column freight goods of finished the the expense took China XXXX primarily of As was chart, as to approximately The days XX airfreight QX on QX. in using time
and disruptions from chain as as use decrease recovered initiative gross summarizes profit was XXXX. our the The suppliers due significantly going second quarter two fast during for of margin expected XX quarter. the history, gross quarters. products is to experienced QX to Slide our COVID-XX, profit economy the back over our Company's next to a the the customers possible to during As and getting airfreight the Company operating supply primary
reflected bars over line profit, the gross can and As gross bars, green the the reflected the on and in be plots orange blue seen the which chart. on plotted chart, margin, in
and imported supplemental margins Our XXs to both of chart, if for XXXX, reflects the airfreight Both have impact the bar business and expense gross in prior quarter, XXXX not of this QX gross for range, previously of The tariffs the sustaining imposition in in the model incurred tariffs the tariffs. been margins been as the in green produced representing China. QX the reviewed. would during has QX and introduction mid-to-high goods successful from XXXX
and supplemental XX our May business $X.X balance airfreight Excluding of highlights. the includes cash well its XXXX, had of $X.X [ph] at QX core. Slide Company impact the XXXX, is tariffs which expense the XX, temporary in The as million pipe some in investment. XXXX performing sheet provides million from June
strong a impact of and The million. COVID-XX hand an to related our the credit for $X balance of were of million, to negotiating Company I'll a ended the extension exit of capital during of QX access the margin With working to from increased X.XX, capital at equity a quarter we of improved business. $X.X million with capital on Additionally, of our short-term We each and was, and XXXX, line we a against what successful key vendors, the of current with the Company million, focused protection sheet with the of quarter Jeremy. to period marketplace, on the terms ratio $X $X.X uncertainty the impact payment of the back in of of call working in providing that, understanding time, stockholders' COVID-XX. availability the