Bonnie. Thanks,
but unfortunately revenue and in First the account segments. despite quarter. decline COVID in see equipment shipments do importantly, $X.X our expect had any the from quarter, the significant despite for the significant previous in of did second challenges. not the return million core loss We the equipment in of in to We the the quarter, shipped a drop most quarter we not business
regard we the did to a will assets of going remaining But, produce forward. a of and high XXXX, the some a to revenue to first selling quarter decrease to of own expected continue With third margin the revenues party. in consistent assets the energy Company we production, as compared result for
our back to Next, revenues and service getting margins.
continue service see in to revenues has everything service We maintenance ship we our growth every new as a almost quarter, contract. corresponding
to segment. within installation our continue also We provide services service
services late in turnkey XXXX. back we Although scaled these
lower installations, quarter. of COVID the of in particularly delays the by March, in project for ongoing were onset installation turnkey the in impacted margins adversely York, resulting Some pandemic the and New
margins were still limitations though will of and entry construction for workarounds the anticipate permits, As understand inspections our result services and addressed, has limitations we things installation we activity egress as significant pandemic. like improve,
lunch-and-learns, unprecedented is businesses of marketing response, Certainly, to the implement as own every regard With adapting online been and an are accordingly. to to many due has time marketing and been industry have it XXXX, curtailed for tradeshow understand virtual rest sales many meetings. our of and and activities and been delayed. we as or adjusting we such event virtually webinars we COVID, have plans canceled industries and In activities alternative our fast that sales
so basis Fortunately, interacting people engineering and daily a our many from sales business working remotely. the we teams still home and conduct industries can on of with similarly are
confident still can we in am quarters. be I profitable coming such, As the
product affirmed moment. our I pandemic, detail light the in will in a have We backlog of which
production on center margins in release margins service We to contracts, The our will flows. as we press later we morning on service have operational and Canada our product a service improved operational, our business conducting revenues this forward. importantly, improvement Toronto all are Toronto careful is and are going of our And shipping our as expect eye in our already service cash resulting addition And XXth the of our further even units become grow new in activities year. margins this with energy indicates.
our with with As very the investors fortunate to to We operational have noticed, the credit We on it, that week, the ended we credit end cost substantial. costs maximizing line eliminate but line Bank. cash complexities credit made with flows in that help may of order in two debt cash line and years, of to have reduce line focusing credit last and agreement of flows. Webster were decision to came the in that the this our restrictions past accounting of this came and were week earlier
operations the As to sufficient we through capital release our have XXXX. indicated, maintain press
future. effective As at interest credit we cost options to our for if open rock more us of is the in a line the available opportunity bottom, rates are keep will
Turning to future opportunities. growth
essentially expect Bob update restrictions we’re delayed delayed initiatives a these on to been progress make XXXX. work on has activity continue but some quick program While the collaborative in forklift can and due give to travel can we eased until COVID, with shortly, are still will Mitsubishi.
refrigeration our hope with With regard update already to segment, have cooling potential Vilter-Emerson cooling our expand engine for are and other on help jointly plans I to market expand products. engaged our gas partnership Tecochill, discussion to working in to the partners gas are system plan with market gas our an our we to soon.
lastly, we identifying have new conditions our favorable that And for geographies market are equipment.
our geographies. last for expansion and other months. new I the a Toronto this to markets for American to expect Our North our establish year efforts expansion coming updates in additional blueprint the is on year our in additional Florida expansion into systems recent
Turning to slide XX.
and over normal. $XX.X It subsides business my backlog that stands the $XX little earlier at hopefully to million backlog the million of in $X.X this as to will installation current and returns product services. grow as is a consisting week, million expectation pandemic continue in Our COVID of
products contributor not does I’ve new contribution and service from important And when installation previously, contract long-term Toronto our revenues, recurring which each lastly, the consists quarter. this maintenance new contain and expected is as this a considering consistent revenues, center Again, later of our said is our year. very revenue backlog
Bob And to With I'll over the then, will we'll in who detail. that, and I'd take call. to like -- progress the describe call more turn to Bob. return emissions our
