afternoon, John. Thanks, everyone. Good
to please slide XX-month Revenue revenue to we'll If you XX% QX, was million, was our record up to in with revenue. growth for XX-month a X, $XX.X a up consistent QX, start million XXXX. for XX% level ExOne XXXX fiscal setting XXXX. $XX.X goal basis, On and turn trailing mid-teens could compared with with
XX% XX-month On second a our comparables has product revenue. revenue in see quarter machine of can grown line that the both trailing basis XX% you revenue percentage representing our and of
let's X. Now Slide go to
on $X.X from machine XXXX sales both Here QX, up you of Xx see machines favorable record-setting This a basis, that XX-month or increased was sales a our $XX.X detail also revenue can level. million benefited higher machine slide. were volumes million $X.X On sold, I'll million, were quarter to the next second up up machine which nearly level. mix the and our a trailing XX%
turn X, if Now Slide we unit can will review machine sales. to we
such As components metal Innovent, platforms. print a reminder, our directly direct M-Flex include XXPRO as machines parts and XX and our
as such XXXX the S-print and molds include our and June we cores our as at as sand Max S Our platform well Max S trade Dusseldorf. fair pro in to platforms indirect print in market and tools GIFA which machines introduced
Our with indirect such value. higher machines sales are our achieving a average systems larger generally footprint systems
sold XX% We second machines XX an quarter in XXXX increase over XXXX. the QX, representing
higher of a Our quarter XXXX machine the second of quarter than XXXX. sales our proportion second machines included indirect
of a slide. including systems, the mix with Phenolic machines sales the charts the indirect more diverse saw and and and Sales offerings. This second during set we indirect you dollar of sold quarter machine more revenue on quarter. quarter, machines Furan increase cold can prior global binder second hardening on change support the our the in last benefited were the the direct and left, year machine as five to such our XXXX As applications geographies in see one represented foundry we compared
of to and mix development Sales and our were research direct a of users. machines industrial
XX During trailing XX% machines, sold the over XX-month period. the increase a prior we XX-months,
and This S-Max was for to machines by the see which can we our XX-month respectively. April platform XX% indirect direct introduced to leading as market and plus XXXX, XXXX increase significant in indirect XX% well as Innovent XX You applications. XX the grew led which market in increase trailing sales, our and both in unit period
to turn Slide last revenue services second second in the products, which in XD materials printed includes let's quarter million from and our XXXX, was of other $X.X Now million $X quarter. and year Recurring down XX.
For the XX-month year period, million, trailing prior in recurring $XX.X from $XX.X revenue million was period. the down TTM
of August primarily both impact and projects For on the our attributed a of orders indirect. is the in facility printing the customer Based Houston exit direct decline XXXX. quarter, the volume lower of for timing executed to from and Texas
sales our growing these machines. by on global offset period, XX-month were our base of an installed trailing the For decreases aftermarket increase in based
second reduction quarters. in which about The fixed Turning profit including of past talk driven significant and I of our $X.X a in XXXX the cost to resulting volumes the in XX. referenced. cost to sold, margin. improvement profit margin the We'll Gross million we facility gross higher resulting Slide This over realignment improvement our the the few and XX.X% portion a shows for exit of by program, significantly for was the gross of was have goods XX.X% our Houston XXXX. improved the cost model operating margin witnessed quarter XXXX, quarter a second from up global from leverage
quarter-to-quarter the an quarter that exited change. impairment an XXXX associated note charge benefited included inventory product with second also the We that
also a million XX-months, For realized up $XX.X million gross benefit The The I primary XXXX $XX XX.X%, improvement XX.X% period. for of from charges XXXX, gross year reflects initiated June benefited at lower in from revenues and impairment profit of earlier. and as realignment and cited our a the XXXX the global cost the driver margin net program we the increase. the TTM of TTM full-year higher trailing prior end inventory of
and XXXX the second quarter. XXXX, global down Comparing current savings our awards The we'll approximately resulting SG&A year XXXX from program. expenses due we discuss periods certain and consulting fees benefited to which professional associated prior or decrease turn changes lower of was cost Please XX between to our Slide costs quarter to award $XXX,XXX compensation the partially the by related realized and employee principally in including offset X%. SG&A. the were issued forfeitures were realignment certain executive and leadership quarter equity with The costs
with during four earlier. and the These event repeat associated in in every incremental a year referenced GIFA trade will tradeshow related fair, QX incurred costs QX. once activities, In XXXX incremental addition, I approximately principally which we not $XXX,XXX QX, tradeshow costs
cost For the which SG&A. driven to primarily TTM $X.X million by realignment by were XXXX cost related by consulting global part our our of related SG&A GIFA period, and improvement The with decreased to offset the tradeshow cost program XXXX $XX.X our was TTM employee costs a not associated reductions, incremental million.
our resource allocation, the with quarter costs, maintain resulting efforts including in primarily XXXX and second investment related Please XXXX R&D. productivity overall approximate decrease Slide realignment $XXX,XXX XX employee development technology, product The or improve and our discuss XXPRO while advancing tied and quarter. cost XXXX progress turn decrease and to our our from our lower program, XX% compared in continue XX reflects an second in the Pro global S-MAX resulted we'll The to launches. consulting we to
trend the We a the similar note driven for TTM by period comparison. factors same
in platforms, we with invest processes efficiencies reiterate the our to development effectiveness improve development impact have as a had to our employed their binder expect We while technology overall we've costs has and effort. jetting corresponding not our of to reduced continue less on in this to
received doubled Slide direct as XX, you, I'll review the $XX.X of the and mentioned indirect firm contractual This this as and first customers, other on order our as call, firmly orders also with portion machine and machine six revenue machine past even services. revenue remind to global and committed printing Now backlog of we maintenance operations cancelable we've recognized our operating months nearly flow we backlog. if our during lease turn includes To at Backlog agreements. and our of contracts, strong includes had you our the for XXXX includes our quarter end. May million to orders quarter, non recurring quarter backlog our level well from
I combined following full in and growth rate launches year order our with goal backlog two revenue resultant support customer pipeline mid-teens. our Our the product the significant momentum position, that mentioned,
We the could second impact that conscious equipment the this trade on as half chain are internal negligible an purchasing had identifiable results, our our may capital And on supply no which certainly have at of driven sales goal. factors on point. only and pressure have activity. impact our our mounting impact Ongoing on impediment a the of serve to primarily by macroeconomic China matters decisions,
have future However, in impact market could impact for to equipment on capital the which the direct sale half. second decision-making, a our projections machine broader uncertainty economic likely is
in level the manufacturing technologies. additive binder high the a have within position existing product our we jetting space our of confidence in and expanding Nonetheless, as portfolio leader
QX, expenditures and repeat QX Turning cash I Instead in to our quarter, through XXXX Slide We XX, waterfall chart I'll I represents a approximately last that the for won't $XXX,XXX right. section cash QX flows. capital the this QX second here. had the quarter. you Since of reviewed to talk
We from and cash cash production inventory of Working inflows of continue resulted the in modest payments outflows net in customers, for remainder anticipate from our our of approximately quarter for $X.X net the increase to offset by remainder cash expectations of CapEx support spending capital second in partially operating benefiting for of an changes XXXX. the the expenses growth suppliers during for cash source year. a to million
cash. net loss total ended the quarter with $X million other and Our items and we million of net $X.X cash second used of in non-cash
for net for very of cash our overall first of compares cash outflow the outflow XXXX. million net half half $X.X $X.X million first Our with approximately of of favorably the XXXX
At XX, the second end If quarter, total you to of million see the at QX, of end the turn compared at end you'll and our XXXX of with we million $XX.X of $XX.X the had XXXX. XXXX. yearend liquidity Slide liquidity
to to have note capital our outstanding. continue that have sufficient believe operating We no debt continue we to important plan. It's to support we virtually that
I'll That back comments. concludes now John. it prepared to And my turn
