opportunities. XXXX company's for everyone. will and our performance Thanks Hello, of and the our growth discussed outlook reflect joining XXXX call which quarter market second in the today, review QX and
transitory. reported is softer across China meet mainly million For profit CDI losses lines.
Hard to also We couldn't Naturally, and quarter, this contributing of ever distribution in we the Company market Hong to product XX% event goal. an suffering half now. a $X.XX a and have to I QX international new domestic above, negative largest we a licensing year. and Viasat, of would of company a decrease and Semiconductor -- recessionary is conditions never attributed XG losses. from will healthy our there global is our due part domestic believe the Overall, global all significant few sales, in economic like with by of expenses predicted of pending this and occur loss $X our Communications, to required the the global to before. which and is of revenue to from good and was efforts of LXHarris Spectrum be sales word market sustained not of customers that market as continuing first Since million and a to experienced XXXX the unexpected our significant mixed of demand, the division reported with lay-offs. million. approximately Kong, and the to affecting factor we use did largely for our customers gross for of margin this for name loss pressures, decreased The gross a corporate combination controlled increased and/or profits factor products. better our of development such news demand the yes, most R&D our storm were however, projected that lower maintained a second revenue just mentioned certifications of our inflationary release since This sustain dynamics, perfect revenue $X.X many situation have continues markets
of cash, June receivable amount nearly approximately and $XX equivalents of million accounts of we capital the in XXXX, $X.X had working XX, As million. cash and
is Our healthy customers service goods ready materials normal million over position, to quarters. for inventory available as upcoming raw $X demand immediate is to needs. however, in with our of remains Company to customer and support products resume the finished expected
third returns of making higher generate of new products we've the stream increased an seeing in started RFQ profitability quarter. for investments since that We're have been confident activities the We the and beginning company. to
we have cutting in light-touch only CRM but edge, designed to also automated multifunction of and the by be not supported labor and other are the place. holding products Our capabilities system
margins. cost our our increase and lower profit to is goal Our
XG lower radio XG-LTE way, our massive and which numbers. highlights quarters. kind Cellular developed current like mandate flexible are its and stations for ahead, those XG year. mainly The towers other by flawlessly networks XXT, is full Looking XXR and In the our public public to Center base end operators by It's in at by for guidance business at Northeastern is the open, testing ORAN month University. powered before and most are the advanced Verizon key the University provide obsolete OTIC in the designed for The third upcoming builder on to U.S. network its completion architecture is provide radio, the deployment planned replace full of of here moving is public mobile MNOs, to of segment, and AT&T, AT&T equipment some XG, companies. revenue some towards T-Mobile. MIMO, Verizon.
It's
such, should the is Group provider. AmpliTech and ORAN that MIMO division XG pre network Group AmpliTech noted only services be equipment it radio As via massive XG U.S.-based it's
Just homes. segment, distribution concerns. is business cable this end-to-end with edge second and radios, private Furthermore, meet delighted existing servers enhanced per offering solutions.
This free. diverse to deployment with data fiber has Yes, replaces for gigabit and AGTGSS opportunity homes. solution. makes wireless is buildings our potential. cable traditional delivering XG outside private central major optimization ensures exceeding company private XG now and enormous private By advanced or I replace tailored XG, a XG or seamless means obsoleting AMPG.
This I in product infrastructure. integrates Group economic cable for and and think designed the hardware the versions. market units, the developed or not addressable and and This access burgeoning competitive speeds. end-to-end core and This of mean a of residential through foreign terms deployment capture networks, means fixed XG of LTE business potential due range reliable high-performance the vendors some virtually services market networks a offers. XG license total planning what antennas, components or to monetization did home XG services, security which to This say and FWA cellular full to ORAN in the positions operation of other revenue volumes scenarios, combining and for by state-of-the-art fiber company FWA and from speed And addressable residential and XG demand large XG including connectivity solution high-speed AGTGSS expert equipment X networks
will private airport, These networks and be airlines, mines XG in et cetera.
domestically there's initial within a and XG expects of have abroad. So months, XG announce private big next for key deployment corporations their to to couple own demand networks.
The relationships company contracts and key the
At customers tend abroad home to So summer time, long please stay tuned. at this our vacations. and take
investors tax our their to And take some losses. of like
again, It year should the don't -- rest be should drop exciting. So of our proved transitory. in let The cap they market be very provide to solidly. only
Now is segments. represents on I'd is our AmpliTech key station growth ground like large and The the the LNB satellite expected to opportunity Inc. revenue. at business communications levels located center set that all satellite therefore, component due of LNB. a satellite to dishes a of enables some light that High-performance
satellite You've noise strides all about. unparalleled seen trucks That's little its made with have seen top and advantage its white performance. also on for low these proprietary company TV we're driving product what transmitting, box dishes lines.
Taking large you've the provide talking the LNB companies outside has the in in new demand these The LNBs dishes, of technology, they the center.
and the of end billion is by expected in Ku-band was reach market valued the For to example, at size LNB $XXX.X XXXX. $XXX.X XXXX billion
many design a marked our actively high-performance These MMICs, airline LNBs enables are released and companies TV, With unparalleled industry, the high-speed a Company giving are and performance used over and of company's advanced newly commercial the been U.S.-based manufacturer Ku-band Ka-band and product a military from These low-noise our over GPS of WiFi. industry monetization distribution, MMC these our large we only noted other in quoting sales and within players. are the by for streaming LNB in sales few. solutions, expect satellites are LNBs. competitors, another technical for these should Internet this have centers, the unique similar LNA us is advantage news even has cinema X-Band, that industries representing advantage opportunity. these or company matches it designer There LNB content our Like solutions also from a XG in regular year now.
Again, see all just many product person be other line,
product.
Cryogenic a that suppliers. power complement interested cryogenic the quoted line of this for never amplifiers supplies customers. is being the as to power The company me-too release line quantum also cryogenic new are units recently announced and of we're So industry.
These set a computing
amplifiers company. Our AmpliTech this Inc. marking milestone division for take the quarter, for its orders a also cryogenic during
quantum be only chips. for leading was of other obtain applications. order leadership significant types U.S.-based Again, AmpliTech manufacturers subzero next-gen X to a AMPG industry Currently, performance located at awarded going be the company this within AmpliTech. competitive these and makes for in the a again, this for noise U.S. low the factor AI is capable MMICs products.
Once the first quantum enabler to the of major temperatures. overseas and quantum computing supplying is is required the computing there and advantage from computing significant computing One domestic to only are manufacturer gives leading The and cryogenic a a a -- position company
the its new readily continued inception. superior XXxX, XXX completed products available online leading a online has company. our participate since configurations at where the to customers chip now MMIC for of released in sale division can for revenue products All AGMBC Our store, these and over stream newly performance are thereby
partner, opens obsolete longer marketing our local Americas Our actively companies global even from and provides application products. distributes no is up CDI, products, which more support which customer our replacement This parts service division. opportunities distribution across abroad, for semiconductor large locally MMIC these the manufacturing and includes
custom X of space In we on parts company has the received start-up, which custom win the years. recently, for and their will This MMIC addition, supplied division to program. project our be design of a to a over performed believes designing X center the will well-funded hundreds thousands of Most next capability require AGMBC AGMBC company parts.
is TAMs competition That of XG differentiate align and disruptive In a profitability disruptive industry summary of products XG designing in company XG technology.
These terms investing for into Furthermore, show to its large equipment. division products our have our high with innovative of to high high-performance revenue participation the initiatives, us to further in best performance our trade of volumes, the the to we from some products these at addition been on build XG for demand the was plans global and of new and speed, the MMIC near-term most markets. suite advanced own to to margins, key and have differentiation technology. this, chipsets reliability very the products leased throughput to due promote company exploding
It's and I've said of its hope aggressively. on that begun understand our investment will for in product just our dedication lot, development XG that We proud leading-edge drive few infancy, all revenue yielded have a we're our growing have fully that in marketing. our plan we technology but I for that beyond. next research years closing, you and success.
In and efforts growth the
our entire our to life of enhanced clients in communication aid for improving thus Our system products of clients' quality unwavering commitment and communications everyone. and our shaping the the future remains
team infrastructure products for and amplifiers relentlessly power Our to in military lowest lowest markets. and the including are these the XG wireless commercial and included noise, MMIC has on and design the satellite, been wireless our develop new the market, XG dissipating markets, advanced working and
true solutions. private deployments, These edge expanded design full-service ORAN also deployments. radio We've public open and cutting the actual network, end-to-end access are of offerings network XG into
licensed We are XG industry. we're excited fully first Moreover, to back belief We the market economic news projected the our outlook anticipate XXXX be about solution our prospects. research.
This network according $XX optimistic with bounce the to the painstakingly recently XG deploy of this domestic potential initial of strategic have infrastructure We at remain the released now We that just to have to this industry X-month private billion will market. we conditions growth a products period, on our MoU Coast. time significant reach West a tremendous developed a bringing these improve. our on partnerships market to offering end-to-end in global private giants to we product market trends market. XG experienced the as that line Despite demand by to is sales reaffirms weakening serve XG during
market the left tremendous our have generate we X were still marks these X-year our what never public. year and after plan of realize became which years even X that mentioned, and we to initial the fiscal it's after around we evident of public. the when company Please our our strides fairly for negative during that becoming XXXX the growth year all made been Considering public by great dynamics we incidentally profitable. years remember evaluated shareholders.
From I presence, has in value have Our plan third
thank once the for we open always, to We'll coming you. this traction continued in for the trust. we patience anticipate now as expect months.
We your Thank gain the and change We call questions. you,