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of quick First, our I'll guidance intro my background give you our into fourth a results. and quarter
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jumping fourth and growth Now results. our to deliveries across business strong units. achieved We both quarter revenue in on
compounded inflation impacted margins impact our adversely inefficiencies. of wide chain by of supply plant a However, and were the by range challenges
than buses ability Powered to systems our more representing QX Powered revenue Primarily quarter. Proterra year-on-year record down revenue. installations Our to constrained Powered of in total record deliveries and our grew year-on-year new megawatts. XXXX. XX% battery deliveries XXX installations prior Energy $XX have Energy of electric total sets. for vehicle quarter grew by pushed in million, to shortages charging year-over-year to and XX% because complete Proterra our and into hardware matching XX% Proterra revenue delivery million, been $XX XX% grew X Proterra to were Transit year-over-year of XXX% driven battery the system
electric new business, to buses grew of representing XX% our to revenue our deliveries side of XX Fourth the delivery Transit of grew year-over-year million, quarter XX% highest the at of year-on-year revenue. our XX% buses. On match quarter $XX
Proterra We the pre-owned also for $X.X quarter potential this the first and during market Transit time and billion and in beyond. We well book at buses. the us quarter, contracted which for transit to new quarter sold in quarter growth in for orders. buses this entered pre-owned orders Powered million, of backlog fourth With a Proterra adding contracted electric X XXXX order positions healthy in with orders the grow X record the demonstrates to partnerships $XXX the in
costs sequential million generated and $X facing a of mix we almost we in XXXX and side, XXXX, gross we Increases are we of gross million, disruption. margin on these costs by the QX QX, largely of typically over QX profit gross focus negative in of approximately year-on-year unexpected million a in decline margin $X.X X When gross the to million XXXX, compared sequential reported as in on freight million impacts million quarter $X $X.X for comparison from stemming XXXX. of On inflation, dynamics $X a from comparison, the volume were of of XXXX compare It driven I material In because profit representative QX, to is today. performance. is accounted Both increased our of chain usual most my will the it from third focus XXXX. cost product variance price QX supply $X.X to involved. commentary to margin
shipping more since freight. have Container rates doubled to on approximately $XX,XXX start per First the of than container. XXXX
not time. customer to ports congested, months. While if remain can for premium delivery for cases, expedited In to we have freight they resorted delay many meet weeks pay shipments
Second on and product is impact the mix inflation.
products, mix market with revenue are of pre-owned resulted this excited the of on opportunity the to our X full see and market the impacting We opportunity buses substantiates new sale quarter. longevity however, in
aggressively large our In long-term of marquee see addition, for and in last we later, was did shipped a X the a was had in creating that the margin. we opportunity. years one originally headwind opportunity contract not on quarter priced rate presenting This XXXX, customer signed inflation would A account
across from chain is inflationary We similar our particular our supply on global long-cycle contracts. facing experiencing, headwinds pressures are portfolio this in
actions taking but these be relief. will so in are headwinds, work through, will We they of more to permanent will progress in actions not to mitigate take immediate provide these nature, some time
a result, current As in improvement will gross challenge the environment margin XXXX.
a improve margin as normalizes. However, gross X-point chain in we place have to incentive supply
pricing new in bus not First, pass transit our also for buses contract of electric we we inflation evaluating existing raised orders, December, with but only through. are
production improves, suppliers, material see lower production need we costs areas as gained and freight expedites, which on the should depend we for to chain should pricing Second, across efficiencies of lead as the lower efficiencies supply less both floor. alternative will fewer and
shortages. on our of shifts expansion, of facility Greer, time, and our asset increased the expansion South battery and new utilization. currently parts capacity the and Carolina supply through growth, execute revenue by as capacity Third, logistics limited the will we enable addition will Over scale normalize, in chain better
As continue and we today, of the to of Europe have improve effect evidence not a we this said, the subsequent at to chain margin years. war that result, of supply With in Eastern the as unknown normalization are steadily in gross seen stage. expect
cash. on to Moving
capacity cash providing in enable sheet write turbulence, a R&D. remains us million strength and and to manufacturing us invest the $XXX both any in give room scale to healthy, and investments. has out expansion balance to Proterra Our to balance while year short-term flexibility ending short-term sheet
Our flow million. for receivable accounts in for increase of mainly were buses than by quarter been $XXX on and normal cash have stock free strategic the This normalizing delivered number items, working to free inflated large to flow these would battery stemming that higher capital year an a QX, in close cash cells, the decision X increase $XXX with the was up consumption burn in from million. in an burn inventory to due from
our Our today continuing important ample XXb-XX The growth. lead mention position with our in QX, XXXX for our the this adverse we for our the while auditors part SEC as we need any financial us and statement. filing of material not gives anticipate I year filing want finalize future form to cash be is to statements, full will extension do to extra quarter fourth time flexibility financial operations, to that to fund invest to our results. of our review change We financial and last
by requirements, Given, it's our his it managed first to limitations for year as a public more company with with end, some need large accelerated impacted And we to I'll Gareth file. just back so that filing our time commentary. bit pass on COVID we closing staffing a
