and Kevin, you good Thank afternoon everyone.
challenges chain from Our fiscal supply lingering a the despite was QX quarter strong environment.
our non-hydroponics freight associated generated XX% growth approximately our expanded as revenue gross below We hydroponics inventory. businesses. Although with year-over-year older to and dipped due both costs margins XX% with higher we
which for in QX, of compared XX% we our over quarter, were maintain to the able around in-house product XXXX. concentration mix, accounted Throughout XX% fiscal revenue to
sales as focus to the fans supplies, home over the such chairs, shelving also mix quarter. We products, XX% on accounting diversifying of for during non-hydroponics and product household with our continue
even to higher future and quantity consistently product. margin control value more allow be We our ensure in catalog, will and believe manage create are will product our investing Looking better to products. we this higher leading that of the R&D to us catalog receiving customers
rolling We XXXX. expect out products to in these new begin
into heading Canada We're XXXX.
We will our tap and and for can all our create to consumer any garden and chain network to supply expertise leverage categories home supplier be business. and consumer extensive that continue value in base
moving in customers decision Earlier anticipation consistent inventory strategical ensured of have year, and headwinds made our residual sales. we fast This chain the to partners. supply increase for in in channel the non-hydroponics we that both products and are stockpile product of availability planned
as today. freight However, offset products it margin we did gross came in many are what than seeing higher of those rates at
both to We and inventory we cost cash improve gross an of have margin. continue quarters, over couple our inventory which higher to will next and work the flow down position expect elevated with
on we portfolio mentioned better quarterly iPower our in update, core product our revamping vertical. our diverse As business image to have showcase our last increasingly been alongside hydroponics of the traditional process outside the
include to our is seamless domestically an more customers a experience a for and various our branding This unify logo, while services scheme, related items. to soon, will new both non-hydro we creating as abroad. important related and products step and and continue our and iPower's, scale grow rebranding process completed website, launching are We be marketing weekend expect color which other new and this entire new
as time lower cross we the supply as ahead, leading voluntary improving, to pricing as decreases Pacific. well shipping in and continue seeing are already [ph] in utility to overseas cost, to chain Looking the expect we meaningful
balance few a to we forward quarters. over next As require plan expect less, the result, to and on going inventory reduce the
flow. and inventory, elevated to rates margin at we're well and cost Between purchasing cash through less improve short-term positioned need higher eliminating products selling warehousing
business our All of strong allocation in evolves year forward of that another capital in in delivering fiscal growth and be vigilant profitability. look and as said, to XXXX we will we macro and continue environment the to
in turn through to Kevin? now results you the details. I'll call over more our to Vassily Kevin financial our CFO, take
