you everyone. Thanks, Good us. appreciate and afternoon joining guys. Hey,
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there improvement OpEx was reduction relative $XX in a loss. QX to million free and flow in QX Specifically, a cash our $XX million non-GAAP
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look continuing reduce Iris. we also cost actively are actions cost, take particularly can on We our our progress at execution and structure to to we what to as make continue
undrawn We in cash, liquidity, and $XX with million impact marketable $XX during million improvement roughly $XXX million million raised of credit. debt we QX, an securities $XX in August, in approximately quarter change cash which of our saw change in and Our was we the the QX. million ended including in net $XX the excludes from line
As million of September program finance had $XXX we with Virtu. on equity our XX, remaining
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to loss gross expect actions, these we non-GAAP a As QX to of QX. improve relative result
OpEx expect somewhat by will the actions, recent transaction. to In in to of reflecting cost in interest reduction though be benefits recent and continue from this expense offset higher QX, improve our the addition, our cash debt we convertible change
In reflecting terms versus QX, sales. to in we expect modestly QX revenue, sensor continued grow of growth
Directors line as their Board expenses stock ultimately credit. reverse of allowing we passed In cash equity we as is are end million On to liquidity addition, discretion. upon million XX, a Where draw incur, restructuring $XXX to our million. our dependent an up ultimately slightly from split target of and adjusting we going $XXX well higher to also cash October year-end authorization, of to lower be a at the what $XXX we our enact our range on down shareholders
terms planning on We a more to and potential split its reverse the information are Board term after in decides do. to what they're going share near our
$XX to Series X, roughly bonds November our approximately of 'XX million As have been equity, with convertible $XX X remaining. of converted million
million or have debt we XXXX unsecured on looking has X period expired, ways our transaction We as August cooling-off as are XXXX $XXX Series million and maturing on now our on approximately to bonds. in convertible reduce so from $XXX continue balance million to to convertible unsecured of $XXX at actively the our our The continue debt. well convertible XXXX
couple the be file and team Yarden accounting to some back convertible There to minus, a XX-Q Luminar thank would transaction like for confident or complexity debt are We're final we like to the will of the days, over strong accounting extension the need given period.
This we'll concludes it we're likely another for Finally, this this I file transaction. again able additional quarter, hand in we quarter. reviews convertible our that X-day the XX-Q doing completed to plus Q&A. of within that to August, around extension for prepared the I'd my remarks.
