afternoon, thank joining Good for and us. Dan. you, everyone, Thank you
Environment momentum, continue focus and consulting as services professional our continues sectors. growth Agriculture, industrial, healthcare in Controlled of and to outside market expand also to addition we this in known commercial, a gain to CEA, on into evolution the Our firm
another our cash would in and sequential and dedication and recorded of said do. do we've the that we communicated continued We May, support both increased adjusted revenues we consistent position. what end and the we quarter We with their EBITDA. expectations improvement teams, in to leaders With our
zero have additional to the removed continue debt, business. bank we've and from We costs
With this in that said, environment a half 'XX. it comes no been in we've operating the of very surprise first challenging as
to category, yielded especially the margin in positive model with dollars, are results. coupled offset have across in operate, ahead. decreased to business our efficiencies development the confident in equipment which our SG&A we And in its prove reductions that Our all segments will continue we initiative quarters ongoing
consistent top as a trending, taken returning the priority our Our and adjusted third and project on messaging close our are our EBITDA quarter enhanced raise where Based soon in as need corporate margins, and to insight to believe to moreover, possible. that business, of position that the point, are cost is increasing remains sustained systems date out our not we've positive to reaching would we we we capital. dilutive into inflection with along that revenues our
the for significant the a EBITDA over second $XX.X quarter improvement a over revenue quarter million, generated and million, improvement over negative $X.X represents quarter, marking sequential XX% was quarter. $X improvement year. second last of which the million the a XX% In net first we first Adjusted
with ones, and Well, at last leaner the now we've million. these now spending and difficult were more a we reallocating diligently annualized year-to-date, to our were SG&A expense initiatives, necessary of our that end year. we're on We organization these were and the than Through where efficient infrastructures our decisions, optimizing business. appropriate they focused ensure remain our align reduced of resources by $X.X size
we'll same our continue entities to action all long-term business growth. ERP and now our Additionally, into visibility operating position profitable system, for as improved we the have take with to business on necessary
the from diversification growth. diversification turnkey Sector trends. our these consulting component design vertical to our multiple business important services the build cannabis weakness farming future remain broader sectors Now turning sector solutions Through a offers although working a produce current sectors we've our are of to to through, that continues focused markets. and successful initiated insulate strategy year ago, that into company an evolved help professional
speaks lends to Fortune XX top service companies, itself rate In to to fact, from all projects, company. partner and our attract quarter as clients repeat of clients of approximately to we in markets revenue other and were a our which ourselves a diversified. as tier provide We've trusted including our clients' level quality this high we have the two-thirds for some targeted established of of ability and the
is year-to-date being and downturn we've In the the quarter the by is note, a weak affected positive our that driver also significantly and resumed quarter professional represented our first a On cannabis extended CEA. second our this said, being primary more the impacted markets half in 'XX, second of services the been revenue have by revenues sector the revenue equipment projects over increase of pause. from equipment an as year market. sequential now being of calls, services CEA sales detailed past This than outside on since after for
well cannabis future. to Overall, we be sector definitely in positioned rebounds and when remain ready handle the market the most in the surge the demand will in
for Europe strategic in positioned We that believe long-term also we're the remain well we've and investments in growth. made that confident
regards $XX which actively cannabis is was backlog, build our project cultivation design at to drop million the the end of to production. in tied that decreased In a to predominantly QX,
unfortunately is had to so facing funding we and pause uncertainty, client Our project. the some
source and our does from backlog While we close it until in their reported we felt is prudent remain it client, contract solidified. funding contact open the with the remove to remain
a decrease, business. more we on our trusted reduction. out And backlog currently indication communicated although quarterly was today, calls, contracts which realistic worth past As there than multiple collectively a this have of for of future are and signature, well is urban-gro's sequential as
million of the our projects the to project the shifts updating extended to million. we're discussed year guidance turning have of additional range full some out consolidated be XXXX. to $XX $XX within for where EBITDA and a as pause revenues well negative of part to range Now, above, Due negative guidance our $X as to other in timing adjusted million $X for to million in quarters,
To first in or is EBITDA adjusted in in second half of note perspective, this the the which EBITDA of put breakeven neutral adjusted $X.X the that 'XX our expect I'd million, negative year. that implies we performance half
balance to of year, cadence, revenue increases continue In to sequential terms anticipate the of for adjusted both and EBITDA. the we
a of and for their future that voluntarily business XX% of recent the the X.X% approximately ourselves purchases to line deliver value by summary, alignment first, continuing to can of our with of market stock a myself outstanding interest shareholders, now We opted salary insider closely In take the is look in our open key shareholders This strongly remain equity aligned know and ownership we supported by: represents the grant XX% XX% company shares. the believe a outstanding; about forward and further of unlocking leadership the both Vice The the beginning totaling the executive company. directors, commitment myself. to and Each quarter and third of provide. other and our for led with near to top in further three for bottom leadership improvements our and commitment team our of base and we and officer in period. here, for XX% the shares team Board President months second, lieu of my the takeaway of
I you. to Thank turn Dick. the And with call now will that, over
