spend Joe. I'll a everyone call. and attending followed you and then Good through take our the earnings you reviewing for time morning, quarter, We'll Thank Thanks, little by your model, Q&A. just
and theaters. business, building business, serve XX% are roughly projects and our project a for procuring this making part driver services and XX% for key up the In refurbishing, of Currently, revenue. reselling we as FF&E new upgrading manager of revenue to
much pass-through in the are these costs, margins Since are mid-teens. of
these margin first services, improve sell installation Caddy ADA products. technology routes higher several proprietary And our of have products. by quarter as demonstrated finally margin include include and resale We the higher offerings, to our project we which margins, our manufactured results
from products ranging margins to manufacturing XX% proprietary XX%. have Our
to margin. shift the continue impact we more we As products to and favorably the that gross expect mix of sell, number proprietary we increase manufacturing
Over the expansion. resale our drive margin products we margin and near-term, of technology proprietary products higher this will expect the manufactured
several in to technology upgrade saw the we and servers QX, ADA related to products, for addition our projectors. example, For also in orders cycle
becomes and Over SaaS other significant more products as and CineQC development markets. platform comes and contributor a our from the time, MiTranslator
even to shift expect significantly mix We our from more FF&E. shift away
into the results. move Now
than capacity slowest upgrades and traditionally holidays, the owners associated due quarter, is more our on quarter theatre to seasonality the as second filling are refurbishments. The focused with
revenue Nevertheless, towards and quarter to our from XX.X%, Gross second to point margin the reflecting XX% year, shift million Profit increased to our to a $X.X million XX leading increased $X.X million. expansion $X.X XX% products. proprietary last margin higher basis gross
expenses expense of mainly comp $X.XX a Operating last million million fiscal $X.XX year were The versus reduction driven by decrease stock was in year. XXXX.
million compared to of a million Operating QX were of for losses about last year. $X.XX year. was income or or in $XX,XXX $X net versus loss last $X.X million a breakeven the quarter $X.X Net per loss share point a
of a Moving $X.X paid cash end that the about technology a during $X.X cash, we off marketable increases added $X.X XXXX. ahead couple we as payables to the with Remember our down fiscal securities in equivalents of inventory million sheet, balance towards million the quarter. of and million price quarters were
to are to this now convert a portion cash. starting of We
guidance Looking million, the time, XX% translates high million increased keeping to have million, to from end at call. while you range the which this promised $XX.X of low to XXXX year-over-year an growth. $XX At this on we to guidance, revenue $XX.X we XX% fiscal our end update
small the a higher the from ADA of in of the XX%, at our from due Caddy from year, products line, modeling We second improved into the about margin to continue the acquired year product the and expansion margin performance full later to year proprietary the mainly half towards as products, expect gross contribution Esports such CineQC. are shift and first mix sales half a
first expected leverage gave when We XXXX. a expenses, initial to and $X.X costs fixed during also million $XXX,XXX for mostly years’ we with to fiscal have combination higher model to in compensation is good be about which compliance the This operating our guidance higher about operating than due of tend the be half.
Note $X.X we to that rate second our operating expense run half, reduce the year annual million. back for steps took to
Finally, we be modeling to shares. taxpayer and fiscal million don't expect a XX.X by in XXXX
we year, last $X.XX the expenses of half of first guidance $X.XX result the $X.XX per As versus a to loss narrowing of share our year. are range a the EPS in higher GAAP to
So still big pretty improvement.
opportunities more on like to to upside provide Now color I'd guidance.
weeks just systems have shipped begun they only call. through we've receiving the for Esports our eight First, over systems and past orders today's eight
Given timing around the of business on [indiscernible] the time. this XX nature to new systems the at over hit to of converge target our can forecast to fiscal half need this a it to What that I is say ship year. and is next pipeline, aggressive more to this partner quarter challenging and our XX we orders
So into our only expectations we have a modest guidance.
its of Sandbox this its our Additionally, forecast. confident drive pipeline, ability which to in could portion to in is sales potential close very upside
for fiscal the are year financial we new from this Next, potential professional. any relationship still assessing upside our distribution timing LEA with of
still have interest potential lot given newness the data a seeing of enough customers, this forecast we don't a provide but and optimistic deal. are of We to yet from
So no year. from LEA our revenue growth assumes this products guidance
conclusion, there's progress conservative, our on and two potential I appropriate. want based while we as apprised revenue believe in areas, you these I So call to don't of will our upside keep guidance
soon we plan to point we blackout to as to our say days. that get our significantly questions, our We next make go opens the Before stock still over we I few is buy to window undervalued. believe want up a back as
everyone our look thank for please call. want for again and call, I questions. I you speaking to with Operator, forward today's attending prompt to next on
