for our in financial we'll Thank for provide will by an and the year. our context and and around the on This today's Good reviewing providing then business, afternoon, welcome. be questions. open some state results update our by greater Dan. current balance call everyone, expectations of begin your detail, call I'll the the followed of you, Dick then
quarter year EBITDA our adjusted our In we're hard communicated and on and prior EBITDA working consistent full of the achieve on adjusted XXXX there soon as track possible. priority remain focused performance first are to revenue near our Our guidance. expectations. executing was achieving on primary corporate to get with positive as term, We
end diversification in we've Our exposure. record business, to the market our to reported backlog brought capabilities of that speaks and both terms
over million higher over we we first were the backlog and which reported call. than that of XX% out $XX.X backlog of times expectations quarter quarter XXXX of for than This the of of projects first in $XXX million the with our the quarter, resulting a of a at backlog over additional the our of signed $XX at end XXXX that first spread is of quarter end more $XX is fourth with on approximately million. set we the In the consistent XX total XXXX. laid million, contracts clients, diverse five Revenues
in revenue $XX.X year prior In versus terms is services by flat. design $XX.X million, of period relatively construction the professional difference the most the build million remained drivers, notable revenues. The while increased decrease and equipment
our equipment the weakness design pressure us services. on building higher-margin So in within sales category. continues our achieve results put enabled ongoing focus on to diversification solid sector The to cannabis
on integrated performance, have and our as the was ERP now first April. operating And of acquisitions view been for negative on that did Adjusted the point low the year. end this we system we do and this EBITDA we guide for while the $X.X Further, million. same since the quarter anticipate fully
Accordingly, employees. pertains the size increased to individual our with our and on we are aligned and spending is visibility where of resources have it business. that to as productivity appropriate infrastructure architecture, reallocating ensure now tactically our We construction our optimizing engineering
these an to at for efficiencies position Through start $X efforts, reduced we profitable we by annualized long-term expense the to continue seek will and were million, available of quarter, our our SG&A the business growth. second
XXX cash clients ending accounts supported the a payments traded As turn, of pertains balance to sequential million. it's partially first is we I and XX sheet, balance to ended from timing $X.X approximately it the decrease our our that million debt. feel and receivable by of no that greater and the attributed be quarter publicly of cash can to important quarter with bank Fortune emphasize in Fortune $XX.X
strong While as we stood of of AR is place reporting. March simply data of much to current, reflection a where XX we our continue focus keeping on a
to design build solutions remains sector professional evidenced increase. to that it and trends continued the relates our continues turnkey we're As backlog, current the both interest our by services seeing, for and and robust
indeed resilient has commercial that a to cannabis been source amount the our revenue the has in Our company of non-CEA large for and or a softness helped space. of offset reliable sector
pipeline team that been consistently qualified growing. and successful in are securing strong, projects Our of has a
services opportunities as to Our the for commercial We maximizing our on driving remain and CEA allowed establish to outside in our and on trusted and XX clients focus continue of us to value and XXX building needs a sector company. of Fortune the our committed growth ourselves capitalizing relationships, meeting evolving other delivering quality partner.
[indiscernible] contracts, In licenses, ongoing executing regulatory meantime, in new both clients the retail to to In through the on will design and dispensaries. turnkey When the we construction current build move work very our CEA their focus the in stages. confident that to equipment award of space. challenges, and in on states despite integration cannabis design we delays we're also sector, well-positioned remain we'll continue the addition
it and developments, gives global other long Netherlands position legislation are our confidence impact signing us the and Internationally over of to growth us active. continue the based the they monitor made for in our the They investments and services newly term. out office, team will professional of that This contracts is the Germany. proposed many strategic
contract. it successful focused in successful Moreover, we're CEA situations we're multiple delivery. clients, to projects As to to these follow-on securing professional service our In relates initial being projects and new and and further sign addition bid consistent on been our interest clients, invited services continue produce based experiencing in on of to contracts.
Now our shifting to guidance year full XXXX. for
slightly reiterating a within be are million $XXX consolidated to a negative adjusted EBITDA to $X range We of be million to revenues $XXX million to range within and positive. of
half of we some year as shifts cadence to given the bias to projects terms the macroeconomic line, and timing of client for improvement the top bottom of for second result sequential of and a quarterly balance continue In a the expect on with both environment. the broader year, the
continue new remain Looking expenses, of diverse clients we've the drive acquisitions and to for a focused and sheet, our optimize profitable our synergistic growth. maintain long-term business ahead, our integrate we We'll sound growing leverage further professional services business balance on that to base positioning our with made.
turn Thank you. And Dick. that, I over the now call with will to
