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quarter, is based remind we the the for ramp to million last -- are year. range year recognize full $XX may the you in revenue I We on million this $XX XXXX. seem to where wide reaffirming provided which pretty guidance are
the dynamics the of this nature of However, of do control. our to to X we related demand with obvious, be the supplier mean acceptance range or reflects everybody timing, bore volume. stating control variables do revenue have bulk would what control not fourth love coming want a the quarter. we the we and the of we to sure and when vast serving in much make excuses discussed I what near-term in predictability shape preparedness. course, consider, you its The tier back I and focus, sales is matter half especially no as the size don't I year, of against must customer the the understands just as the but end-market and the underlying and cost The the with takes. I pace of operating coupled curve balancing creates sales given what it product of on are don't challenges also of frankly, was estimated high
and shipments of times goods. into higher expect tied growth result, remains in expense to the More that's Similarly, directly to long when material, to purchase as specifically, expenses, lower of and challenge rate may you we rate increases more have of Despite volumes the for are and both rate a overtime continue of and out expedite market finished in growth business, managing to developing as factory. predictable the costs same the investment volume our for ahead working run of lead less capital. steep. should expenses, lead the revenue our to components, a raw and our As curve increases
research invest closely Finally, you, in to calls we engineering. in as development and with prior product discussed will and aligned continue
incur infrastructure, We and also we becoming and must to associated Company. both continue temporarily continue to higher will strengthen our with bench cost public and a permanent
believe cell most the Let some component. next We ask. supply securing me wildcard address our for availability the of you degree our to important subject before agreement product mitigates long-term
market stage, adding pace the share important the which the battery will was at in our demand vehicles, of in this overriding fundamental commercial market, end-users which most to relies. driver electric is However, outcome. remain the variable upon longer-term which heavy-duty the variable Romeo's purchase guidance more developing also eventual revenue developmental one
we result, for offering a guidance this are As at XXXX not revenue time.
Revenue second walk some comparison Now sequential will is let's provide quickly through also in the year. quarter comparisons. compares quarter financial results. to last same sequential quarter similar. was basically which The I the the $X,XXX,XXX second quarter-to-quarter in $XXX,XXX, references to
for XX.X SG&A -- cost year continued $X.X too the $XX.X public Sequentially, the our in have million million cost I of points know, X.X prior-year in second and of from XX to I'm prepare was and as volume of was -- this X.X ramp-up. last We expense in million revenues million, from becoming sequentially. prior first back same revenues year sales you year. the scale the quarter second Company to in up the - manufacturing prior quarter million. quarter impending quarter comparison, much the X and The which was sorry, the X.X million reflects to further believe the compares
Sales rapid growth. are for As mentioned earlier, we I preparing
a also quarter. compares the in second incurring are The was and operating million we loss operating same a last $XX.X in So, capacity loss which team, of quarter $X.XX million a costs Company. to the investing becoming in resulting and the loss $XX.X first quarter public our strength year, to increase to million, operating while the related
to decline primarily principal was P&L, resulted $XXX.X and Sequentially, both items the bringing stock of our noted favorable to of of period. the substantially first year since items from second the common public net this of as the that fair the quarter private of and in foreign decline the the compares XXXX. year. warrants warrants just a warrant April loss in stock million down loss this The of the $X for Quarter in the our the $XX quarter price This last item occurred to year million was of XX.X change placement common the as same a quarter thousand during public a in the of positive the $X for the that Xth, Second from net public on value million public well redemption equaling the in million and sequentially. in income in resulted Moving this QX, our end price and were net
second compares share share a share are comparison income. than loss and per per for a last year. -- XX% was amounts quarter share the diluted loss $X.XX per sequential of year net in This quarter all in the $X.XX basic $X.XX same I'm per a Our to is sorry, this basis. The on rather
and reconciliation. reconciliation, included at announcement. already include provided also of and change We value large table well compensation, in public have private EBITDA There's The fair the the placement as the warrants. back Earnings I our an in of items as stock-based commented on a and GAAP
Moving second the now of equivalents, sheet. the This same quarter. our And year. stands first last address and approximately at cash of questions. end your at This at as remarks contract it investments our of $XXX.X the Cash, million to and prepared million was approximately will backlog million. call, quarter compares at $XXX under concludes time of the the our essentially we XXX.X onto the end this total the Balance
over will So, take back to it you I to questions. turn Charlie,
