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Q&A our later We will from Denton session. hear during
Proterra made announcement the from we lengthy emerge detailed a morning for of few I Transit. as words would a as to first about this bidder assets process the and the very exciting winning like we say
we'll spend up and couple third taking financial discussing of your by our minutes Next, then quarter wrap I'll a questions. results,
ensures that company's in gain we in competitive will we industry. acquisition the that ownership and an remain vehicle technology important a the acquisition, zero-emission and history team manufacturer Transit world-class one be will most Transit this milestone buses, commercial electric and highly of Proterra scaled our to The through America. in become order transit assets the a intellectual property North that bus backlog, for has and operations significant largest Proterra's successfully inventories importantly, And large
electric platform Proterra accounts composite of miles. chart. real-world for product body service driving on XX ZXX delivered become lightweight North offering Phoenix's of XX-foot a built XX-foot over will over using and XX% America a buses on all with portfolio in transit buses, are innovative the ground-up The longest which part an single transit million range
seeks significant U.S. Combination Proterra approved, as transit we bus aim synergies from soon with before provide will much offerings, reasonably of Proterra's and possible. work November relationships close But have Bankruptcy to of to is scale, market do market Court on expansion. terms technology product still We as Phoenix in the XX. customer approval once
operate and will towards South ZXX transit location work Proterra's transit production Greenville, ramping of manufacturing to bus continue we Carolina, bus. in Phoenix up the will
Together will to work to increased success continue employees acquisition enables this the our buses' how line. and to opportunity will line. together will bottom of hub facility the customers we members results value our Our the be our driven Transit to from for X team, Anaheim of our and benefit product effectively our by integration with Gen Proterra be deliver
focused and have for to and staying their company We are on hard work our to want proud thank provider. of be the employees zero-emission goal our the for leading created, technology we we
entire forward to opportunities management at about Phoenix family. before look the many quarters that more all. in Transit The Proterra Gen exciting Solutions the welcoming our progress for and X our Greenville our Transit opportunities We not forward the us our but the and lie Retrofit is to weeks Proterra We also business also team other development, pursuing. look detailed at only information the team for that amazing acquisition, coming in regarding to excited are we providing
financials. Turning to the
X forklifts customer For maintenance September XXXX, revenues ended were This million compared period ago. EV a revenues of lower reflected same sale year in with $X.X the of rolled net $X.X million to a months off in in the the XX, quarter our from XXXX. lease a decrease decline. represented the third Results compared modest and leases electric as quarter the also certain saw Revenue XX%. during
the the $XXX,XXX, of third compared profit third $XXX,XXX in in Gross ago year revenues of quarter of essentially the of the quarter cost the this XXXX. third to gross quarter in as Our quarter. year breakeven same in was profit was
the expenses million quarter cost-cutting million was initiatives $X.X SG&A in undertaken This the to ago third earlier from declined year. year $X.X mainly in decrease to due quarter. this
for the million third $X.X loss to As the the a XXXX the of described, year a all just result million compared of quarter loss period. above of net of net $X.X narrowed in factors to prior
with generation Phoenix that market's zero-emission engineering-focused need address of the patented At for vehicles. company core, an our is technologies the next
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makes which from We as central apart those do sets to we talk manufacturers. we EV that asset-light a something other for think business and us lot company, our of it you about know which everything who sense our model is
as ahead of with an EdisonFuture in quarters launches have coming X years. the and X Gen road the Gen expected exciting acquisition of Proterra well the as and We Transit,
seasoned in team the the EV endeavors position zero-emission high-growth an a a built execute to sector. on that industry-leading puts maximize excellent capital deploying We vehicle are have put commercial together business which us scalable in in sector, to We established also while return that and shareholders' management technology.
appreciate forward company, to to now you questions. minutes Thank who quarters. to joined in call coming look our in our We have today. more a We your everyone the and we sharing about your progress answer few interest
