our review will strategic to on on analysts then call.
This our business, I our Thank send and you, employees warm participating are today's I to and morning, our a investors, on brief provide who would welcome objectives. a progress like Lex. update
Following the well the discuss financial for I'm quarter, the on our of report the for my will of highlights. in that, performance quarter fiscal rest with third year.
Starting recognized million remarks, revenue. outlook $XXX key X, to pleased as our the Manu as we Slide
experience our strong million, $X.X new signed contracts. business gigawatt were hours contracting We orders of our our approximately of adding gigawatt increased continue $XXX as to backlog highlighted demand nearly new contract June XX solution to and as digital business by X Furthermore, billion. X.X
the This Turning an delivered margin gross was or lower slightly profit. than project to of noncore achieving a X.X, that from approximately primarily of because expectation is our We QX. in margins profit million us $XX QX a the for which would This of not of delay hinder gross supplier. level quarter. double-digit adjusted X.X% incident, from experienced isolated one
the which Lastly, services represents and our business, recurring our sum of businesses. digital
We continue see to traction.
Our deployed contracts, active deployed cumulative on our service attachment rate, storage, service our above relative which remains is XX%. based to
is entering a typically contract, As see why we lag rate cumulative that which we signing and believe is a better noted previously, contracts solution service we have between attachment into metric. a
strong we our to contract as gigawatt. a were Turning X We to digital very nearly business. had quarter able
management. be a the us. This However, yet slightly new as to with second decline the contract the more deployed a our assets under contracts was lower of its offset management our result our backlog renewing assets than level quarter end not than not under digital third from quarter digital the customer moved as slight digital at will of
losing customers, is While within don't for rate X% our like attrition. the nonrenewal expected churn customer we or
of still we're work our business, regarding a to commitments. on on base. lot customer the have we Our rates deliver but track our highlights our low of churn do general to stickiness Overall, digital
we highlighted provide that like I'd X. on you progress. Slide an update with to Turning previously discuss our strategic and objectives to five the
First, for fiscal adjusted guidance year revenue that we report gross 'XX and pleased raising our on to delivering both are growth. profit. profitable I'm
thanks As our to chains Manu large will execution, due discuss part a in more detail, in supply we're our improving. raised able to project better to guidance
reaffirming to that fourth expectations we our Additionally, we will our adjusted are breakeven EBITDA close be quarter. in fiscal
Second, products continue need. develop to our that and we will solutions customers
European such, our As Northvolt and is will manufacturer contract XXX-megawatt that our our first commitment to illustrates report will pleased will diversifying I'm major this supply a significant chain. to we project utilize and mark that a This hour milestone, that signed batteries. utilize batteries
signed with limited us share. as to say Third, we give the U.S. bonds we under access provide U.S. domestic of mover product This to market will advantage, under position potentially early convert battery achievement believe agreement we to manufacture sales supply companies cell storage we advantage. a have XX% existing a pleased tremendous which with us to credit first I'm IRA for procure rules. will qualifies the cells. a which the investment one position this customers our is the that be that ASC, This Fluence changing by for supply and competitive contract a U.S. into us tax our provides us first to increase content will
kilowatt expect competitive per of this we as Nispera use on touch As I product that mentioned module which we progress domestic digital we supports map. report $XX road will on to pleased will will driver. I'm differentiator a manufacturing, previously, to incentive our for our a capture make hour, we Fluence continue shortly.
Fourth, I agreement more and which the margin
storage Nispera more work in launched bolstering to than its by quarter, increased $XX predictive quarter I'm will this cash finally, for to from I the artificial artificial proud level, discuss Fluence fifth total has first also momentarily.
And state our position This more our second better. detail an our objective that is we maintenance intelligence-based platform. the liquidity. battery million further tool, tool intelligence on
cash total and short-term equivalents, investments. cash, includes Our cash cash restricted
accelerate. Turning to storage energy for Slide X. Demand to continues
quarter. at which $XX.X than billion billion, sits is an pipeline from more of our In now increase fact, last $X
our to billion. as increase $X.X saw approximately mentioned, backlog Additionally, we I
see Act. to Reduction expect this second are awards some project We to in Inflation that directly of the year half initial the calendar attributed
consolidated reaffirm revenue we to fiscal growth fiscal to such, year that in 'XX our be between year relative for guidance XX% 'XX. As revenue XX% our increased will belief
to Slide Turning X.
As qualify complying A I with U.S.-made credit. agreement with cells. ASC domestic This product have under offtake capacity granted an that we prescribed for criteria IRA. the secured agreement for earlier, mentioned content investment customers to to our XX% battery storage a offer additional we products to expect tax for bonus the strengthens the
to year calendar be We in expect in of calendar cells first -- QX delivered the 'XX. U.S.
product, U.S. our towards qualify in IRA economies battery the we 'XX. per years is account exploring of we thus, X that It's in our the of kilowatt our integration with on for our starting statement to allow cost to the us provision customers lag from will provide offering facility will goods whether the will our offsetting more reduction product upside. tax U.S. content we is we begin share to the The cells us not $XX provide on the of manufacturer of know income standpoint, the -- summer enjoy margin will we capture timing expectation a $XX reform.
With current modules pay incremental incentive and accounting But for federal to domestic of too of will our to as to $XX produce first-mover with evolves, as in cash U.S. the thus a the expect situation to in this expected as result the incremental direct requirements the in be expect in with module we're we our for expect QX in will modules concrete Utah that to kilowatt an payment our go incentive our first kilowatt own the Furthermore, we in conjunction it compliant hour recognition, reaching Additionally, will we're and hour regard benefits accounting still 'XX on credit. Instead, to manufacturing, manufacturing 'XX.
In color will scale.
From manufacturer offering exact per support incentive income early of the do cost the our a track define respect We expect some margin. of of that per of summer and the a modules U.S. manufacturing of services. the upon view. of the to hour potential elect our advantage the battery the
Overall, the pleased we're As Treasury the you regulations. regulation. seen to earlier its may domestic this see have content released Department summer, U.S.
However, there the end by the hoping the are we're that IRA year. will outstanding of clarify calendar questions still
performance upon intelligence and maintenance first storage our Nispera uninterrupted to performance issues, technology acts including prioritizes its feature by enhanced announce an as I'm California. safety. launched that benefits, building maintenance for we've following advanced predictive designed Nispera of of By reducing offered [indiscernible] figure the the customer ensuring and This a success significantly storage power artificial e-store supply.
From Nispera reliability downtime X. this our thereby feature intelligence-based is capabilities is model, harnessing power the offering. standpoint, to our first artificial minimized numerous optimized upgrade and this part system. in AI to predictive I'm recently pleased feature, on solution the asset maintenance Mosaic Turning the significant project of pleased we maintenance savings, cost onto the downtime, intelligence-based AI-based improved scheduling provide maintenance deployed and and will say reliability, an artificial AI-based predictive an of solution, Slide application.
Nispera battery to
we provides XXXX.
In More achievements with before our third which commitment, quarter. that be importantly, the another say digital I'm pleased on track feature business will not with point the this meaningful we're of conclusion, tangible proof
look year.
I be turn progress we're through Manu. now to we over mindful remainder done, momentum work the to there's call of still continue to the as will this the we will Although
