joining for you our earnings call thank and everyone Jackie, Thanks, today.
both proud bottomlines of very our in million, revenue We financial XX% growth. third guidance. are top $XX.X revenue year-over-year and our of strong quarterly performance the beat of of record strong demonstrating quarter We we as XXXX, posted
seen have of our tells is active QX our the X% this since quarter-over-quarter. still as retention offering in rates subscriber an subscriber We improving uncertain end consumer acquisition, QX, with count and our ending the us pause grew trend resonating target consumer. Despite that environment,
second quarter This delivered above quarter a we XX% the a gross row. margin for in
a In drive and EBITDA adjusted we plan announced XXXX, September. significantly quarter we shared operational streamline restructuring our the of and very to at also of our demonstrating guidance We costs, adjusted largely was our IPO. positive adjusted reduce in efficiency, completed QX EBITDA, of beating margin organizational EBITDA which our strong the third timeline X.X%, posted previously consecutive profitability quarter structure second of ahead
main As a reminder, the restructuring had objectives. three
transform million approximately able to cash approximately interest flow our reduce we profile to of the $XX annual burn at expense First, be to in before cash to revenue million. expect business, $XXX
account product into path which near-term. expect achieve the on depreciation, to taking in Second, adjusted EBITDA to continue our accelerate we breakeven after to to
our this Finally, are customers. fashion is brands customers. The and allow to we but growth the us right a perhaps, macro most quarter to offer Posting active even in in to in satisfied. more are step Runway delivering unmatched our environment a the Rent count companies reinvest deliver by importantly, value tough not subscriber to direction, we rental into to and us our actions other allow cost
company We recent acquisition are as Cyber subscriber this trends second in history. encouraged Monday performance by our highest marked day
to accelerate growth. intend As I will further we outline,
on XXXX am experience choice on are Rent I the our confident reasons more look and year even better a more we love to XXXX for Our plans Runway overall. as and back our a where with value, subscription. providing focus customers their bold we gave customer more will
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our QX a We believe will Runway. will XXXX the year Rent for be detailed plans on we share but call, transformative more
of testing. a plans and experimentation data, as Our as informed analysis by by deep are constant well customer
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to to past growth will changes benefits it lasting over these well provide turn With XXXX. for I expect that, We Scarlett.
