the excellent and team on as commercial continue execute a Thanks, their Officer. lay to I'm we and of next NUBURU that It's to to Board great us. growth want honor looking vast of this Board I with lead working opportunities trust Ron. forward to the Directors for ahead Chief Executive phase NUBURU's in for me, the Ron, position thank as in the of me
for examples. contract manufacturing of defense, regarding markets. other The into printing the scalable blue of Force. area GE I laser-based systems start critical of critical large-scale several technology blue accelerate aerospace recent which, our Force announced XD Earlier Additive work update today, to of for systems. with with our by is printing of successful additive demonstration to first-ever this manufacturing implementation the Achieving follows the very develop news operational milestone the and exciting laser U.S. Air Speaking U.S. would X like we to Air today's awarded fantastic completion
and This on across Asia, heels manufacturer electronics America, purchase received a with Europe multinational order we've U.S. announcement Latin manufacturing major capabilities of comes the the a from
excited XC to are next-generation about We the opportunity deliver BL-XXX disrupting industry manufacturing. device our for
be and integration technology of blue development to the at will demonstrate transformational welding an and the conventional manufacturing to research techniques. utilized capacity manufacturing its as capabilities laser soldering Our alternative laser
As us. no you challenges. the can is QX technology, and our But of with tell, ahead lay excited there interest are came opportunities shortage about in we that also of
year, particular, with we second bottlenecks in supply the conditions As the of product call, earnings the associated half procurement of components, quarter our lens-related and mentioned into the BL scanner process scanner chain our respectively, components, that were in in second presented going cognizant the for line.
material While largely implemented, sourcing throughout our third clear have to a ship to initiatives we've systems we seen have that to abate constraints alternative we customers. on the our attributable quarter, such impact seen our ability
of the our our During of products. into subsequently integration third also with headwinds confronted shipment systems the we experienced in applications quarter, additional the from further delays were customer and
from I'm of benefit For integration the manufacturing solutions processes, unaware customize in need of deep applications confident customers' end we also we markets cycle, while their streamline BL-XXX only manufacturing our offerings, respective their and that sales markets. to product our forward. specific have we those our developed to into the within of but process technologies going solutions application not end will our our integration improve enhance the to
file in results. our be found quarter be that Further details SEC. the third our to on which will can now with Turning XX-Q on
described Our challenges number million, a quarter to primarily during third third is to of the XXXX, XX% period earlier. quarter due compared laser system the a the which in of $X.X sales sales as decrease of were the decrease I've a result
a was the offset XXXX, to in in the manufacturing following decrease of decrease to company attributable Our cost and in of revenue $X.X of quarter production focuses the systems million BL a primarily third of laser the a of on gross million loss in by decrease a Series the revenues. as loss compared the profit $X.X
of XXX% by decreasing to compared of ] gross revenues XXXX. of of retirement negative series. -- was Our a partially XXX offset margin quarter to driven AO compared and gross of cost a gross a a margin Primarily the third revenue the by [ lower the negative XXX% following margin in
a third Further quarter the in operating of is and compared Chief million new increased of becoming quarter expenses increase in attributable increase associated Officer and contributors The the in $X.X a to public the research Total and were XXXX. were expenses company. $X.X to third with Sales operating to million primarily increased of personnel development, addition and XXXX XXXX. the March of costs Marketing
was Our to expenses the million detailed of previously. quarter onetime in share primarily or compared per loss or the per This is a mentioned related $X.XX third net $X.XX share net to million of $X.X loss $X.X XXXX.
cash operating $X.X revenue third a usage million increase a total Our quarter negative to XXXX. quarter, and had million a EBITDA In $X.X was compared to compared negative usage a $X.X to in million $X.X an free in we of of decreasing expenses. million, attributable of flow the primarily the
As XXXX, a September of result, of and the as million. cash had company XX, equivalents and $X.X cash
to Looking that I regarding well as very updates am forward, are have longer-term forthcoming positioned you we our pleased solutions. to tell financing well as short-term
our are as the we we at on point. to as balance but bolster track sheet. quite updated we this We ready are announce -- market will track keep not to
accordingly the quarter laser deliveries of systems positive the and XXXX, our eagerly our our With during technological we of impact of the a anticipation of are fourth rebound XXXX improvements. adjusted full have in awaiting outlook year
the XXXX full flow total the are free $XX of between revising to $XX million, be As cash our such, negative a range million million negative revenue we to EBITDA million for negative year range $XX be $X.X negative in $XX and outlook to million. and and in
technology-driven challenges, without excited we for ever quarter -- about ahead In with of are technologic was commercial closing, interest us more growth while opportunity the X than growing a solutions.
accelerating XXXX out momentum more and beyond robust and our revenue remains outlook as and of roll in SML market systems. generation Our with BL we
and our and Finally, we for thank success sustainable we're ultimately employees dedication transition our and our strong their would for solutions supporting to an company. delivering drives innovation, to profitable as Together, shareholders. customers which to focused on our the global efforts the like driving organization. growth continued
and the the commercialization who assist we Operator? all hope for journey. your back of entering our now to toward technology, us call us a We as operator, questions. with new the are will will I you taking phase in turn the over I transition are