Ashish you, afternoon. Thank and good
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are we mitigate chip inventory help to chip For and been securing example, subject into future the risks. shortages have to well these
ships. the of sheet on We as of have port could and possible delays shipping shortages and be containers resin costs. local shipping-related pressure such and challenges to also upward due and costs also commodities seen There metal
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than leaned future and prior operating percentage we year R&D total sales in and out expenses growth. build into drive investments platform of help higher as and as have to XX.X% the a was revenue Our the marketing
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XXXX. As a reminder, we have been since EBITDA positive
to now cash flow. equivalents. million with We ended in and quarter Turning balance cash sheet the cash the $XXX and
second in reserves risks for and for reflecting building quarter additional our to Our the operations position credit Cash used untapped. million earlier. inventory line chain of the $XX million, mitigate help was remains mentioned replenishing supply $XXX inventory payments
at the time, I retail like replenishment provide inventories fill, machines the we of as to channel levels new two quantitative providing and Although we two this Materials. portfolio new from I'd not QX factors initial expectations, and healthy of primary to more our some color. are that benefiting internal launched earlier; outperformed guidance channel mentioned a Smart
result, moving we will a At product softer the also our QX sell-through. continue seasonality. As summer sell-in exceeded half. time, materially during in the typically began tailwinds into second These same not
this spend believe into As amplified, we this extend been QX. could time we seasonality pandemic, And less emerge has people dynamic from home. at as the
we Looking the year number least at X.X new still users XXXX, new add equivalent total, the million at users in full the year in full added expect XXXX. to of year in to
with tremendous foundation made Nonetheless, have users ready the in users little further growth already progress update of we in at new half million added We over this not this of a X year. uncertainties, first profitability. target future fuels the This to are time. light of and this
provides and platform in engine marketing subscriptions through user materials This revenue. increased drive acquisition base and for higher margin new accessories and user viral larger engagement. will resulting Our also our user monetization
to continue long-term. our for will run the business We
deliver in we spending difficulty crafting our to were reflect areas to spending increased our growth more Our entered despite to operational to XXXX, restrained our users trying their expect catch our levels up caused will pandemic to Therefore, superior a levels in efforts. and XXXX growth. be journey. and user these singular always throughout priority logistical experience by both Due our to the uncertainty
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