grew comments focus with delivery Energy our new first million. more start was & & Powered a to growth $XX was margin And elements XXX weight growth growth was I’ll sets. high The three surpassed Powered vans. million, lower going smaller basis, financials, and with QX representing revenue. than revenue XX% performance Powered revenue. cash. & a partially to million. by of battery at declines the into & my our tenfold of revenue Energy because with Thanks, Proterra business grew vehicles Lightning X.X% by revenue, driven $XX detail critical Proterra has on the bit I’ll increase by year-over-year $XX an deliveries offset line a time more in in mix exceeded $XX of business revenue for Gareth. $XX gross by our next to spend minutes and growth top XX-month Proterra incremental a unit. Powered Powered eMotors of vehicle a X pace greater revenue revenue The Powered the Starting now few delivery Energy, on I’ll million Energy rates of including sizes, the of trading driven million. Class mark Transit
as declined installations a from related to timelines. In in continued and well construction delays shipments delays as addition, Proterra project Energy primarily year-over-year, hardware key supplier
decline sequentially improved the the deliveries since of versus Switching million, and the $X the to million However, in quarter second quarter were was year highest approximately prior last a Proterra Transit, revenue of $XX year.
As into in we that of into continued we deliveries and before lower call kicked QX discussed delivered intensified bus due discussed the which XX electric chain to buses, in last largely gear. was The we the quarterly XX, delivered in early that shortages Gareth [indiscernible] QX per our supply XXXX. initiatives
is Saco, the Electric XX such Old Portland Metro which with. which bus Proterra delivered in first In of bringing buses And the six is customers in the top a bus our as Transit, on bus electric XX familiar of Port ever at along QX buses. addition, Orchard XX New suite included repeat of not the Charleston’s Foot in Biddeford, to order stands Proterra of mix state to with might York, Authority, the Foot now be Maine. many adding due are in deliveries first fleet in name the buses declined Beach follow on buses ZXX area was XXXX. on the bus CARTA, customization and XX since mostly delivered new average New in lower Jersey, prices quarter.
and transit through of emission the emissions proud very to of beginning states forefront zero are their the electrification at be mass at journey. that are enabling We zero
front. of million compares Moving of in to margin a We This year in $X the on million of QX a gross QX the profit gross $XXX,XXX almost of $X margin a loss reported negative and in XXXX. XXXX. gross prior gross to of
environment in mix, in combination by Given our on they based with expectations were we the affected factors quarter of our not performance with that the transit Summarizing the in in. deliveries, manufacturing and line our previous inefficiencies, the pleased impacted although perform same results current the of performance the with product relatively inflation. many cost items margin operating primary lower margins did we’re quarter, the of were
me let a elaborate Now these bit on drivers.
configurations revenue on First quarter revenue mix, bus year is varying both customer the was a delivered sequential. in the product in from mix mix by products in X% quarter. in The lower prior and prevent
Second, on manufacturing cost inflation and and efficiencies.
We and across cost material inflation units. encountering are both business freight
to the for X% along point, XXXX. and side, the for incremental stations, longer prior production a unit, component hours versus time complete versus able bus, is the our to QX requires not some the inefficiencies the year the On quarter. labor on phase. cases, more Transit Transit factory to XXXX ready spends in rework business a combination sequence per completion margins in on XX% lower took and idle advance efficient it installation leads in labor able most bus, significant The incremental the and to negative revenue at delivery in arrive, we to bus be build impact level to various bus waiting installed many hours component the bus through build a QX station of of had required the on next move was but bus one time The In required to if across are the some incremental floor.
additional inflation overtime overtime manifested expense shipping in margin Not some XXX% incremental differently our year Specific incur revenue that side on in of from line get expedites, for perspective, hours our for XX% schedule. XX% saw and utilized Energy but international QX than expense more growth freight required output and and out of overtime their freight for freight to Powered to the expense, hours the order Transit unit customers strong more product time only sales. hours On QX you The from than to the prior XXXX. we business, batteries. themselves we also our top XXXX did challenges from was and Powered our production on
an in $X both expense due was sales than by increased ago. QX total the freight and rates. XXX% revenue year a in freight increases larger Total absolute Powered on increase XXXX year basis, prior alone for versus Powered volume, However, million the international to in
is supply to Our battery not constraints. business immune
on prevalent as not far. However, battery we’ve have Transit been the in seen side as parts thus shortages
Lastly, on the and other declines charging quarter help the from side, did not Energy some of in challenges revenue lines. product lower installations seen across offset the the our
give noted, as However, are given itself margins. I supply on progress especially not just to margin we we taking are a but has some our making will play improve like quick to take stabilized, to the out, challenges, actions you initiatives our I time update. It would and gross chain
First, quarterly to across pace market-based has good are good data with customers. proposals the sales our last orders. Proterra address driven and in also have all inflation negotiations in call? on units in our approach other increases raw progress Powered implemented and price both increases future new We made we actualizing material discussed pricing business cost contract for of re-pricing
and majority the of of series are We of customers our customers re-pricing the have volume approach. notified in trials very development all low the life who on production who cycle
of pricing negotiations new any anticipate of obligations, seeing latter the we in this of and kick our don’t timing year. part until to Given contractual
expect another of that note customers, And backlog, for business, build our of XXXX the negotiated new hard the negotiations latter year, with build to customers margin going until pricing just and don’t our time. continues benefit performance discussions of plans. all see groundwork With given suppliers, Transit that cost has under XX to to the a with have XXXX despite months have although successfully we recovery months to beyond. into improve It’s partners the increases and the our on effect our will the said, we remaining slated we price XX% the part over material our said, to continue customers and been On ongoing work important of plan. in we’re XXXX XX% XX with
also We for expect efficiencies. improvement manufacturing margin
in to and chain We supply continue expect improvement efficiencies normalize. production when logistics
However, of come in this likely first half year. benefit the has the to been
new alternate in continue of work supplier our evaluating The chain We supply suppliers improved are in on some base the to currently qualifications. and increase results supplier utilization. diversify risk will undergoing and
our Third, as will we projects in last capacity execute as mentioned call, logistics supply normalize. on expansion chain I and
expansion I in we normalize. As chain supply projects, our call, mentioned and last will capacity on execute logistics the
capacity in will factory of the asset increase shifts addition our facility South discuss growth, Greer, to commentary utilization. our and battery and scale enable better few and new revenue the in minutes. expect closing expansion We progress through Carolina its new of Gareth will our of a
Moving on to cash.
remains cash million and March equivalents Our XX, strong as investments sheet short-term cash, balance of with XXXX. $XXX in
burn flow quarter million first quarter. line the cash with Our the was $XX was expectations and our in in for
our of inventory operational our largely to million delivery efforts battery secure out increased cash We from the cells. including components, early build million key addition In $XX expenditures, usage, to in of approximately we in Greer, to battery continued part Carolina. $XX South had in factory by our related capital new
the to timing Lastly, we to of of we the expect quarter. which quarter the normalize by higher ended receivable due end with
expansion, R&D, will operations for Gareth now. support strategy be our growth depreciation durability sheet comfortably by gross that, amortization operating close strength million and stock for a $XX these million of in of by many years it of usage with million. back to from Liquidity was with a apart $XX Joyce prudent cash, our cash million driven chain endure we supply loss is a pass that us capacity I’ll Gareth? excluding balance compensation and commentary. have from QX to expenses $X All EBITDA offset loss sets million term adjusted to near $XXX to in still and us to $X.X disruptions while our invest to being and others. battery give able Our With closing we the approximately in priority, and of
