everyone. and Justis, afternoon, you, Thank good
refer remind year's to everyone our otherwise As results, fiscal review quarter, specified. variances third wanted to commentary the financial all prior and I we that unless comparisons
revenue Our approximately XX, $X.X of or from $X.X was $X.X months million a the decrease XXXX, X ended million June XX, months XX% XXXX. ended million, June for for the the X
a and due driven partner to environment third a changing primarily publishers, impact in ad was fiscal challenging resulted demand demand the which XXXX revenue. second our their of of the business by quarter market one ad negative us, largest on terms including material with decrease ad our This participants of in
During with and quarter third successfully their new those the restore allow ad fiscal same from frequency not second fills. demand partners and and algorithms the quarter part through worked year XXXX, of integrated of changes our participants, ad the do the and of latter for historical although demand those demand demand we ad
we a previously which same recognized not participants by increase and absolute level we expect working our result, footprint, revenue experience until demand ad the we of As towards. distribution this significantly do unless to are
result as in partners be our June of CTV ad Finally, ended XXXX. a in were a budgets Loop months reduction June fiscal our the as platform the in fiscal CTV X revenues decrease a as ad view quarter can ended ad demand in XXXX, quarter the That viewed of to number on of the spent year XX, XXXX. us second compared CTV XX, which of year Network platform XXXX, X partners that for from a months also second the
as and associated and general, with continue time. a platform and to the is partners CTV are opportunities in our as revenues providing we fill thus, them increased DOOH significantly this as to and ad educate demand demand advertising anticipate to advertising CPMs to increase customer our CTV base, rates that higher will targeted we over of number ad ad demand, compared budgets in higher generally budgets
decrease XX, months XXXX, the or for June Our of $XXX,XXX $X.X profit from June ended million XX, X XX% was the months for $XXX,XXX, X ended margin gross a XXXX.
the percentage months margin to June Our for X as XXXX. XX.X% total for XX, XXXX, months as ended gross profit XX.X% approximately the ended XX, revenue a was of compared X June
on fees be provide on negatively paid gross decrease margins, margin Based decreased non-revenue driven advantageous fees profit added component percentage less in our an of percentage. goods become revenue. reduced sold revenues, metric. cost content agreements our which and by of our gross The to decrease for These of certain affect primarily license was
addition, content revenues may fees they our as fixed fee greater lower revenues. agreements a profit gross percentage margins license of or fixed be on paid the reduce would In than our at higher
Our ended and sales, and general The and headcount, fees. June administrative decrease X for million a due the months X XX% decrease million $X.X reduction or to from the the ended in XX, in further XX, and sales, administrative were the XXXX. was administrative expenses million, months professional June for expenses primarily $X.X costs general of XXXX, marketing $X.X
the future XX% undertaken ended have a achieve March not year quarter of in fiscal XXXX, similar second we do $X.X result reductions forward. We focused in proportionately of expect the to and cost-cutting XX, measures going our million on As or million XX, quarter-on-quarter June XXXX, in in we $X.X to that costs low expenses million $X.X from sustaining XXXX. a reduction SG&A in realized are third the quarter periods ended SG&A have
remainder level and SG&A XXXX. we at Through million into our initiatives, our continuing $X compensation a to expenses, depreciation the XXXX and of excluding stock cost-cutting for aim maintain
million per loss of Net XXXX net the of fiscal a XXXX quarter was per the million compared $X.XX loss share or Adjusted loss of EBITDA a $X.XX million the $X.X compared loss third XXXX. $X.X for to same in million the in of of loss $X.X in period for in loss third was same to fiscal a share quarter fiscal period XXXX. a loss a or fiscal $X.X
X. for of Based breakeven. QX cost EBITDA as adjusted year-over-year have reduced is quarter to significantly cash over flat our we burn our We level on from operations required improved that current become well as prior prior year the revenue the structure, reduce quarter have or the and our over
March Turning to Cash XX, sheet. to June our $X.X XXXX, equivalents million million and cash XXXX. were XX, compared balance $X.X on on
had a of As of XX, million $X to XXXX. $X.X XX, net compared of XXXX, June million debt as March total we
active for As XX,XXX year XXXX. the which XX,XXX the June O&O across ended the XXXX, Loop at in and quarter Screens prior last our Platform across March we versus quarter approximately of Partner Players of and XX,XXX our Loop QAUs XX,XXX end Platform, XX, includes QAUs QAUs had XX,
our across Platforms, over fiscal of or of Partner of XX,XXX fiscal a X% Screens of At Partner Partner Screens our quarter the XXXX third and quarter ended XX,XXX decrease XXXX. approximately over approximately the March XX% decrease quarter X,XXX we our increase fiscal in of of second quarter last third an the XXXX. of This or from and XXXX approximately our end of had X% XX% approximately third quarter increase XXXX, a Partner Screens of represents XX, fiscal an over
remarks. prepared further I'd concludes next Operator, We like look today. you. conference call. to updates forward to providing thank our This our for everybody to back on listening
