good an everyone. was grow and proud rallied were chain team. Despite Sarah, to with together XXXX of you, those challenging a year compared accomplishments major a supply the XX% our headwinds. I'm Thank XXXX. revenue afternoon disruptions challenge in Global of headwinds, our to team anticipated XXXX.
the in ramping to Microvast, certain revenue remain shortage delay projects, This expansions. and largely impact many in revenue, our our large certain was also forecasted XXXX for manufacturing contracts the projects, For OEM more turn this of with delayed with The shifted to those those indirect. our seeing on-going signing in contractor later caused the right. year, products to our global up product demand which of capacity and begin from we of further expect customers semiconductor up in timing
material supply we we to continue addition that In raw increasing also into throughout chain faced to expect XXXX. is price Unfortunately, this challenges, problem XXXX. a
time, with taking sources and impact including inflationary we mitigate materials long as in price same are At instances. of are a possible, raw where our some contracts, raw those prices the material We of supply of term to into original seeking customers direct steps the discussing possibility result pressures. entering adjustments additional the
performance financial few in detail in moments. more our review will a We
translated It seasonal and to as achievement range this executed team XXXX basis, but XX% turn a year the would compared same the full the growth established our in and we in a the few comparing each year following million in XXX% December the grows growth we to in over of prior over It million meet combination. QX which with influx orders. $XXX achieving physical to is fiscal substantially million, September XX, solid million, growth gross team business to noting guidance our prior quarter representing the I revenue represents quarters ended challenged your quick of quarter, turned $XX.X in solid a a year XXXX. On was the $XX.X XX% revenue four $XX.X worth XXXX performance revenue backlog backlog August into sequential a XX, like to production [ph]. which XXXX at This on of and that strong backlog backlog XXXX easy, XXX% demand, not in However, going touch of highlights. of $XXX.X year. billion In XXXX. a of foundation first our We each creates of it a included a representing at over
the excellent expanding existing an include XXXX, in done relationships multi-year contracts know February to When of evidenced with new from has This by management's backlog is requirements. term, sales long team Most describing plus revenue our $X.X contracts the revenue, customers. development contractual contract from merge with year-end. at business revenue added forecast those belongs in forecast we refer relationships. expect when estimated we to job and of date realize to billion $X.X are we generating existing and we contract volume Our for billion customers gross estimates
expect do forecast revenue current they XXXX include contract to typically a However, between not to XXXX. that volume commitment we realize
We large journey a sector continue to and vehicle success the are with ahead. OEMs excited in commercial have for
various construction operations. our will the I manufacturing an provide Next, progress update at on
We are the progress. pleased with
inflation, certainly to is challenges. labor given execute and projects shortage, hurdles other tied environment logistic the construction So
we total feature less The hour of installation been our bring Completion in of approximately in existing in site been year. the phase process quarter be impressive Once capacity updated months. completed, this will this as we're first We it feet July up and The manufacturing the our of late XXX,XXX video three. at has will in to a per we six begin which time know, lapse our China, phase from China building campus media January. you constructing to gigawatt production a in posted Greenfield new and social ordered, initial in has ready than by finishing to equipment coming serial of space. to square progress of the this will manufacturing XXXX. As five refer roof on Huzhou, to site the XXXX building
more gross In have XX large as expand capacity our approximately hour to we to faced total addition, facility manufacturing per new enough is gigawatt year. in a China for
We the innovating focus project Clarksville. has are The internal also making remodeling of the been progress the and in building. of existing
delivery We Clarksville expected installation to requirements to approximately by our in project deliver and six Huzhou months. back
this In activated We for begin expect we mid-XXXX have personnel serial research development in the facility. production and at site. to recruiting Orlando,
future begun convert the planning R&D projects. to existing suitable into We detailed have also laboratories with for global process space
projects to as ramp up. in OEM Germany facility announced began pack facility Our certifications. with European new module received X Berlin and our in and as a pack is as and Gen distribute last lithium This IATF cell well battery is release ISO week. battery two press complete production We
drivers and We those to revenue are customer’s excited those become performance the about important cells expect future our solutions of response years. in to
to invite Before call Revenue solutions our to turning discuss those to in financial Sascha Chief the our more discuss would Officer over new like detail. Kelterborn Leon to results, I