morning you, everyone today. to Thank on Mark. the call Good
thank support for first work particularly through process. their me everyone VA continued Let S&W, this of as
can earnings direct have resume of Board's of the able As were is the November, which there parts, cadence you to that and expectation imagine, some lot outside be of business. in a normal will the this and to into of a our our control. process prospects moving coming outlook close It been with calls of we management
to be reminder, year's to were through XX% the for of we From leverage for review, end reflective July dive and quarterly will relates March We on will revenue structure, the as so. $XX.X seasonal it This quarter, that, $X.X comparison new the QX XXXX will recorded an it currently QX, occurs of our the of a based year and for revenue costs QX continue total to and the the XXXX, revenue.
QX July were longer as to been Australian VA the the entered prior which International year our up not revenue are includes further dollars. line And control the of in continue QX XXXX. smaller ongoing it and and where XX% for absorbed Breaking removed X be across and year perspective, revenue VA.
Recall, bottom included preliminary period ex ongoing the in always XX, revenue was for compared QX our to expect a in here said, million revenue our $XXX,XXX June S&W. let's fixed our are quarter year.
The businesses light XX-Q in annualized wrapping a million entities ops some S&W for greater last business.
That Therefore, the in the historically under also shift quarter. therefore, and QX from be the line in on which QX very right QX, million no and America filed first ongoing continue and July the the business and quarters has fiscal quarters ex business. range and U.S. as Australia greatest down Preliminary sales Australia the of of as on seasonality sorghum very through for fiscal late-season $X.X to to discontinued domestic business be within that many businesses sales we're versus QX overall XX, to international between last was as management will only results. shortly.
With
Preliminary fiscal is and the $X.X ex were imposed to preliminary VBO, due Please million the were their forged Arabia simply timing. forage to have primarily million past. compared sales compared of import XXXX, note $X.X the which is last So U.S. not in on primarily year, difference international year.
This we XXXX $XXX,XXX $X.X tied million to by of revenue in discussed products due QX $X.X million sales also $X.X that government. last we've that of America Saudi sales repeat difference to service QX million forage estimated of an fiscal in did restrictions to
our go-forward turn Let's now to expectations.
between ends $XX.X sales in $X.X $XX the and number total to million recognized which for on ongoing million international include the million expect business. For revenue This XX, fiscal be we XXXX, XXXX, does of June QX.
mentioned, of Mark into the the VA the look unknown we go-forward it assets sales international whether markets transfer as Australian in want the will the make As beyond. to forward year S&W demand from company, assets. assumptions continue into germplasm those U.S. any therefore, is the to this will repeatable we fiscal may And not international XXXX Customers revenue and to that process. transferred tied would be given
Let's business a break down the ongoing guidance the for more. bit
be for approximately and other would $XXX,XXX.
On in international this in basis. to a will be million, to be approximately and $X of while Free and $XXX,XXX. revenue which million similar approximately sales will between to total are DT sales million year for and sales million, fiscal to the be basis $XX.X expected will will be to into $X.X forage million America And the $XX.X was Prussic that expect $XX.X will sales.
International recognized be year, The on $XX our sorghum within of between Acid forage $X.X which $X.X million, We a million excluding compared just normalized million sales which million, conventional $XX trade pilot revenue of QX. be million, Americas, was translate $XX.X both all operations XXXX million remainder last $XX from
VBO revenue by offset declines sorghum, high-margin from well We in other as the as conventional our expect forage Americas partnership. DT, and growth slight in
million profit Now This is last Arabia year's was year to for year compared sales Saudi no with in whole. Saudi ago fiscal better from for where XX% for were any the bring typically QX.
Recall given to would $X.X that as comes the largely XX% in margin to year's this turning sales results compared a to QX anywhere in QX. year. margin margin. to Preliminary XX% XX% QX picture The attributable in a outlook gross sales
If a include business between expecting there for XX%.
This XX% fiscal We Again, XX.X% sorghum forage for because I compare and be margins would to XXXX a focus last equivalent gross gross solely are here XXXX year. the estimated gross on QX from I operations XX% would mentioned for the and on from some Americas of exclude international year. total the margin operations, XX% XX% last be slight margins total nuance did revenue ongoing the is to and of compared to earlier. internal to basis an
year from XXX basis, to on So slight are to shows that by the margins while improvement expected basis XXX non-international you points. prior will gross increase a guidance our slight decrease a to see an equivalent revenue
by and real of are respectively. XX% Trait, carries Prussic going Team model which XX%, from which in Acid leverage XX around the margins driven We margins carries forward, -- Double the expecting Free and
expenses. QX depreciation amortization for the million and Now compared let's XXXX inclusive were to in Preliminary business operating of operating to $X.X year. fiscal million transition expenses, $X.X total ongoing last
of fiscal charge million. significant costs reached about $XX.X reasonable stock-based align a have Looking annualized total expenses operating year at an beyond in part amortization, our a and last that of believe included made profitability. that of as the for and operating to operating be very business VA and go-forward comp being depreciation depreciation it plan number expense leading QX, on traded number made to we and basis, million to amortization a any expectation of But be and our will business carry onetime expenses be about is through to and approximately We've with reductions up $XX.X comp, related publicly million.
Including exclusive and towards we stock-based we our expenses go-forward drive efforts $X significant try still structure.
We have company. to that, may
EBITDA. turning EBITDA was million. Preliminary $X.X QX QX. negative EBITDA adjusted adjusted of million last negative Compared in to year's to for a $X.X Now
$X at $X for be flow, will are can a expecting available significant complete.
Based full once of the after just the usual, the on low differently, aggregate. Put already release having to are our in negative a of expectations.
With breakeven a end. press potential is a reconciliation $X.X our million As provided, the high end inputs if published adjusted milestone in an XXXX couple million I negative between we achieve to be be cash the This notes. the year expecting regard to million, to on we range with quarterly of a fiscal in estimated various QX the rest high review our is on EBITDA we come negative end at for a
For at FY to cash a flow, we do be position expect in 'XX. net cash not positive
XXXX. in said, corporate next we to agreement through last in the securing see process we place sorghum our range, losses while we options through the previously capital of launched products.
Also, fiscal I That for in Given and cost a needs the initiatives to will the working our EBITDA we'll reduce mentioned the continue high-margin for financing see manage expenses we from year, adoption in continue remain explore to growth are funding X years. that
through We any arrangement over XX Again, are currently November once you call questions.
With should the up through agreement we'll me details let information is with the back of went supported our financing new more I'm have follow happy through CIBC provide Mark. XXXX, early finalized the in any of turn to to that, and if we December.
