tuning Thanks, call. third Phil, in all and thank fiscal you for our to quarterly earnings
record-breaking quarter-to-quarter sequential like $XX.X a million to increase compared of I'd of which out revenue and increase an another on to XXX% of is of quarter in First, call at an $XX.X million, basis, XXXX, XX.X%. QX
gross look to at I'd for margins quarter. the Next,
issues, have points one-time-in-nature to we raising margin end prices. margin, up has that to more we a we and these lot efficient address continue without we some decrease our on led and been events improve in gross there calls, mentioned of margins as mentioned previous that believe a we've getting those temporary or of become as back. As we We've can
and It's out fiscal basis X. power, on warehouse. company the the that points year. with been inventory. margin, implemented we're also quarter, starting system headquarter this be we this and pass-through. tariff through main is We've better quarter we at shipping at better pull XXX management rolling our for or quarter to first of those look from beginning to up we also second the improvement our initiative April buying if free QX, vendors, quarter. XX.X% our and on For can we also We've companywide. customers, to fourth air that when We're shipping We're cut at from now a We third out, our XX.X% right WMS we our doing of non-GAAP pass-through a reduce that basis and eliminated the eliminated tariffs quarter of that use utilizing renegotiating an at full implemented look margin earlier terms as a actually have will the XX.X%, of and the we gets lot in scale tariffs, a We're cost. finished
confident initiatives, XX% to company And we our goal going right the we're reiterate and over the margins of see margins so, to because in because stated direction, these getting time. of now all gross
board to slides. metrics right earnings to seeing supplemental going Next, I'd here. we're across in your like draw Again, direction the the the attention
First, we'll geographic look at breakout. the sales
QX year-over-year. we're up area up XXX% invested an Illinois we've where to QX, QX. the us, for countries, every some but of recently outside tremendous center coming key also opening to regions and region, growth the like Some a Massachusetts, we're where Also XXX% Michigan, up growth year-over-year, to continued in of in and in service highlight key Alaska XXX% almost and points Michigan growth up QX is up distribution from to from XX% other and market,
in Washington, even established from even we're So Colorado, where still in tremendous and Nevada, Oregon, very QX. with regions pleased to we're growth seeing like QX regions, what seeing we're
where four mix look can product show we we the the product buckets. at Next, slide
bucket We was The due from and are only very supply buckets. pleased a resolved. bucket the to has to see growth QX, is down issue in those QX of to three that that been that and papers out was inventory four
in buckets have from we're on vape we're bucket. for higher to all significantly, our to margin pleased a focus to natural than QX. So grow expecting see next And packaging We're energy revenue growth and quarter. going as buckets to see they continue packaging products XX%, our to and QX
customers in XX going buckets to customers months, customers to XX in to spending saw in at we're increase earnings. here. large continuing an seven $X look we at $X from look $XX,XXX last last increase and quarters. us last And the the the more quarters. trends the the the We're 'XX great Next, of in million at to We're look getting the or 'XX, plus perhaps four in over $XXX,XXX slide fiscal when four see buckets, we supplemental favorite fiscal customers more now these four the my bucket we progression, an when from we see cross-sell with into million
these on has spending this customers well. of metrics us SKUs now are is million-plus money with in million $X $X SKUs, XX that tremendous they're right these XX you the customers and And are able bucket if more products is in and telling from there's after, direction the see last that these expanded, look going what get bigger and on the us average. XX offering going a customers LPs, MSOs our with that Canadian average are we're buying so Kush, purchasing, SKUs that the are at in are spending us customers because and we that customers $XXX,XXX and And now to that to as more buying average months number
at look to sheet. with prepaid our million. cash, like finished including We third $XX quarter in $XX.X I'd balance inventory the Next, at million and inventory
secure tariffs the end we us revenue higher of is and inventory to fact QX, of than cost. to percentage were average, that due for a at that's were purchase able as inventory a ahead inventory lower announced but that, of to quickly Our increased allowing the
of We expect significantly a burn help which flow. that to with inventory should in through our QX, cash lot
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we're in and So, significant our process in made believe of proud expanding we our we've cash the we improved. all that secured facility, areas, better credit these of be financing should progress that and vastly are have now flow that
application the company announcement NASDAQ to yesterday Global Market. call to an filed has the attention uplift to to like our on that Select I'd
us direct the point other the listed future. MJ now these light near who remain Akerna which in and will via via the our company In confident and a being listings, the spec. IPO, Freeway, of competitor we is this listed on to comment were we as listed one out two that the that listed like that ancillary we While exchange, list year status companies being application able timing, earlier Greenlane, would on can't cannabis or to be
company. the Next outlook I'd like to little bit a talk for the about future
to company's First, I'd start vision. like with the
from proprietary Our including of than products in we're is customers ecosystem, contracts to at amount now world, positioned specifically any proprietary looking sell is our the the witnessing other to more company that and portfolio the the where them, business, new to transformation given offering offerings signed the to an that large to that that these the with generic transactions vision used and we proprietary now involved KushCo a all unrivaled unique pleased built sell of items be our products from for global one cannabis phase for in a unique customers new power going of we're point a cannabis and enhance now of better we're we into stickier lot operators, to where to much it. ecosystem having within company the a we're you're Koleto live of launching make and services division, and including for at utilizing products transformation
partnership we pleased a announce to with C.A. So, are
Fortune, C.A.
only the national it of problem they give these to because the Fortune of product this specifically what are all We and they a large of We and initiative, sales that is that right necessarily solving hemp is have for they and solving retailers, those with brand that we but into retail a obviously opportunity the of also see retail not high-value consumer them to and and brands we ensure grocery to passage and for chains their with space the know our work CBD with to placement great marketing high-margin a to want for there allowing are customer work buyers who and get the the them these the large opportunity Farm your and with by into brands these CBD build category, in huge our work should outlets. be the presents chains badly, do grocery they as represented network get carrying. brands very nationally, agencies brands Bill retail who take in they stores. we're problem don't are national but one leading the have us the a very
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all type of players and an such customer We're across operating is the that's all creation of example all we many under the monetize value to can the the we We the no going monetize of this that there's we these offer we that the go that selling. can is to C.A. along better around, that valuable with that with initiatives able the products, the to as with world. by working to major works in This partnership and have with industry one entire initiatives selling So service built. other most be we're products and regions the monetize we've key feel company just the new network have through that platform
and we that upcoming. have Fortune something
trimming to or to into to into their business. can to testing to and where that machines offer equipment CapEx has extraction existing a and that base it's that a machines their so customer scalable we requirement be something high-value and is machines cash in it's be different platform. the financing, yet a expecting lot they or going We're whether financing now can be taps it's have that high-margin, and near announce that's is This machines pull future, something to of high a another we're moving we able finance solution announce for and going these out initiative network use grow our machines,
demands centered the is industry. utilize multitude businesses satisfy an upon in in can of which CBD of and initiative cannabis of our relevant the the areas business numerous Our ecosystem to clients development the to
$XXX side result of fiscal XXXX August. end targeting our million guidance, we for to fiscal ending our reiterate of our a million the this, of year high at of on want in all revenue range to the As $XXX
at Lastly, legalize are We We're There's level. be legislative more federal fronts. Congress to There federal will coming all and are a the normalize, level. industry of initiatives. out quick see continuing regulatory Senate. the monitoring We progression obviously I'd there cannabis the on to to give of progress like and rhetoric legitimize a tremendous several eventually continued believe cannabis that pro at members update. and
operators brand state the transition tuned to that comes are more a for of presents terms the medical new in what's of lot us represents online new each level, a use a lot However, and these that turning significant revenue markets growth. with that opportunity we're attack, market state in of to happening adult business for in doing already we're an instances from at
adult be or population in the with we country. legalize the million and and of XXth state to U.S. cannabis adult believe program The is early out in The this make roll XX recreational largest law, legal to XXXX. Governor that that to one Illinois With state the markets the becomes signed use market plan a Illinois to Illinois. first call use cannabis out bill of they recently the in the should
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Northeast, Maine same where for which lastly, adult voted epicenter the they Maine We're the region now be to regions gain is a open time will has Canada, which use obviously country. to seeing and in their our global one licenses more Massachusetts the cannabis. of largest largest ultimately in steam giving the not cannabis if in in we neighbor a state program stores finally XXXX. believe, the north the that Massachusetts as plan out regulatory they're for announced And is
preparing last December a market with Canadian to sales. a come a sell of months growth this will huge like set of they two Cannabis and products X% our believe that now the a later these what disappointed is calendar pens. We We we have course been with what that and and year. in begin say revenue products working LPs a pushed our of huge back that we derivatives represents can going were do we're derivative portfolio they the Canada, market to only being significant know date was online edibles, boom vape are We see for where allow and have we for the topicals, now lot but concentrates, all that they to when opportunity sell in where X.X quarter that 'XX, see
Canada implemented we're up rules traction the online a LPs. we that the is coming revenue getting and the that expect to of We going look being portion make our due with our meaningful XXXX at marketplace fiscal and to with new
the point, QX financial fiscal to this like results. to Tedford Chris I'd at And over turn the discuss call to
