products million approximately of acceptance for in the customers year. last approximately December $XX.X new and of $XX.X XX% million XXXX, our million the Michael. our period the same December and to ended good million in Revenues of due $XX recurring XX, customers. months and compared existing to Thank to periods increased ended to prior $XX.X increased XX% The new you, primarily XX, for period. orders XXXX, receipt the both sales electronic from XX soft for our in over increase was compared X sales months goods introduction wide the Revenues to metal for goods soft products, and to
million labor Cost goods period. sold plastic China, XXXX. inflation million December manufacture high of XX goods due costs in as of same rates as and XXXX increase steel for $XX.X over $XX.X of well period to increased soft XXXX, to the increased XXXX, increase of prices and XX, million in months the goods, year goods metal for Cost rates. for shipping tariffs needed for Cost approximately X the were goods ago sold ended primarily XXXX polyester to sold an cost in December in in $XX.X and compared in months to $XX.X compared million XX, ended were approximately
$XX.X Selling, the XXXX expenses for million were XXXX XX, for over million December compared and million Selling, administrative XX employees company. additional compared to period for $XX.X expenses the approximately independent million and months general XXXX, SG&A to administrative XXXX. X contractors ended engaging expenses due general $XX.X primarily approximately were consultants $XX.X for to same grow December ended ended and last the and December year. XXXX, the months additional in months XX, to hiring increased XX XX,
start our at rate a expect as will to We lesser will and substantial leverage. matures, our increase operating expenses see we business SG&A
to $X.X ended months the $X.X X and were development approximately primarily XX, year XXXX, Research XX, to December million in the related on construction December costs ended XXXX, Research compared million device developing $XX.X run approximately and and million $X.X applications mobile software compared XXXX. tools development for due XXXX. industry. for This new costs in costs to the to the were to in million was incurred increase
XXXX, In lines increase loss year to is cost in building team ago of the and compared the mainly significant goods attributable to had demand noted million the new lines current in well our million we previously. period. for prices The to design product of $XX.X $XX.X year in loss net as meet sold product a net as of full as
Management even market will and $X.X recognition aggregate that proceeds placement million. was in offering cash resulting and product gross November XX, fees As acceptance, our before On completed expenses. agent a sales. $X.X with private capital its we and products improve, of placement other position will anticipates deducting of wider December gain increased XXXX, resources million XX, our XXXX,
now to back the final call Michael? Michael will his for turn remarks. I
