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in expect cash we flow, show free to continues to consistent trajectory and improvement Sonder this continue.
we growth, unit value side. that now my Francis with strengthen of our to strong on cost focus significant operating performance, cash our path details result scale provided live the in base cost of flow our Since revenue free as will the combined pipeline Our will sustainable has long-term to the leverage lay and shareholders. in I'll remarks
year-over-year X% million $XXX For the by our lower non-property increase our and which prior total compared cost $X the revenue operating to on increase of improvements costs stock-based illustrates in is expenses been to XX% of of level by in million, year. expenses and grew we've plans. level a increased XX%, driving of QX XXXX, Property by leverage. XX% operating costs strong compensation inclusive The X% total operating back were
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live cash total over units XX% XX margin Our months. contribution the in past generated
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in perform. to properties Phoenix as For have such struggled example, markets certain
corporate partnering of targeted ways creative We to sales and are dive underperforming the a actions, at our improvement efforts, set initiatives these including marketing for RevPAR with leases. landlords deep taking restructure and a properties, onto looking
the solidify flow of these accelerate and achievement a to represent properties sizable financial the cash Rapidly opportunity of our free sustainable improving performance goal.
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actions costs our the utility utility order to in providers manage our management and approximately are portfolio better companies $XX We're set across million gather data to a example, annually. utility complete partnering For for with costs These rising both more efficient a will waste. action carbon be our cost of all overall to and and energy. We're for buildings footprint, also win-win our taking reduce costs stakeholders. in reduce our
and We're also payment processing addressing commissions. fees
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with processes to have software metrics into ones. new or we new vendors, terms contracts instance, ensure our enter of aiming we coming we solid been through negotiate establish and eliminate we all contracts have existing renew ROI before to duplicate solutions, For
know the contribution positive are ultimately cost These only help drive and to XX-month in internally it of few achieve make cash are free can we our margin XX% the actions reductions cash a was XXXX. end QX our margin We compare of with cash versus XX% examples competitors. at Trailing to flow. operating us of difficult us model taking contribution that
the is business, in and particular, As to earnings the EBITDAR investors looking transition that properties. next management properties allows EBITDA metrics industry excluding our to by organizations other and the traditional to as it used economics operate or commonly become in we performance industry, of the the like leased year. company financial financing unit more of cost assess the the over are to matures EBITDAR more comparable those
Turning to the sheet. balance
facility of the with $XXX million cash, QX debt. and dynamics First $XXX XX, June sequentially million our cash to under and and requirements, we certain financial failure had restricted certain SVB Restricted equivalents from in increased letter the issuances from of in of total in Citizens. cash new leading cash amendments credit our us to collaterized stemming to due covenant As
of allow We partners of financing financial will are form and uncollateralized letters us right Citizens working issuance to with our of for that the the solutions First other on provide credit.
are there our obligated to are contractually reminder, XXXX. January interest a no loan, covenants to tied we As term cash not and of financial until pay
third expect is costs for improvement ahead, between revenue midpoint a and quarter which or million XXXX, negative $XXX nearly quarter flow, between at free cash Looking third million and XX% $XXX onetime million the XXXX. $XX million of of restructuring versus million, negative $XX we the $XX the and excluding
our Francis the For XXXX, growth, to from a million, of our the million on of and $XXX due the earlier. second we current from to $XXX and that range between $XXX RevPAR unit quarter last which of million headwinds expect alluded based half revenue slight projections call to is live $XXX decline million
that, negative At in negative of expect now this earlier. guidance progress XXXX. the year second flow by ranges half your and take from mentioned $XX 'XX, for reflecting partially the provided, free reductions With to million the revenue ones offset of happy flow, For we're full translates midpoint the cash as on guidance, continued of $XX initiatives, between such the Operator? questions. million in we $XX the or improvement cost cash we XX% free million to lower
