good all day you, Thank and Ehud, our call to participants.
overview an this of with start quarter. Let's results our
that revenues road We XXth new with resolution see finally this quarter, from We the budget this have of peak first revenues passed unrelated of the was and adjusted us. going for of the In just delayed XXXX period. continuing on defense United the of we on the of in reported passing bump on to impact what on the $X.X March million. is quarter the the quarter hold effectively all of actually our US in -- and spending with of saw and States. results September trend The the of around a EBITDA $XX.X of million as
we the new ago Western that the for current military the in ultimately, begin are us this the active should our weeks from maneuverable world. the for We is the assets already advanced seeing mentioned. now as need very orders and provide of of the US business this the behind Ukraine across a bigger made results countries new framework three again are most pleased recent quarter's see and solutions their We PR troops. best has and defense in picture, all war very unfortunately growing clear And to recent
our be for from post-CR, our here We should that confident $XXX indicate it are all the by QX will million to and year-end. the full fast. in you year, revenues receive expect recovery to in keep We guidance that we missed May, of revenue perspective our
along to produce, cash an acquire people pause did our and to for not a with recruit per as quarter position, inventory, Our allowed continue confidence given this strong first ahead of is us the plans, opportunities anomaly, us. that our invest, we moment and
look a take markets. at Let's end our
capitalize armored vehicles, images we growth produce decided in many needs counter and as and for our Ukraine all of rocket have and we US such. position, to our out vehicles In war stock of the the to a active apply and and and ship heart years counter stents military radars software-defined And on commercial the are blown in now modern shelves that radar the to on and Our such protection so in burned recent and approach. shorting evident even of artillery the motor, defense, UAVs, more market see warfare book by TV. systems mobile market
impacts constraints us our only supply now levels everybody made shielded it including that two the chain of from on US unique COVID components, past is inventories us attractive over on because the that years, negative fortunate the but this high us what it and that very challenges placed We customers, not to faces. and much also are of approach, relied
which Our meaning orders urgent will period into a generating a have market basis, and into have very the need incumbent us growth. just mentioned. over US order our fast is enable a solution an more on now of rather our long-term process experienced solutions. in revenue programs, book-and-bill record bureaucracy we record, type need enables and from build acquisition programs of platforms, that on until XXXX, moving programs already delays of significant only short radars us insight of a a operational In stable on we us mid-March. joint converted become and quite products many as trend the for customers few few and from not Furthermore, urgent Today, strategy reliant that some based to I have recover long statement backlog, are visibility to
now, customers, We the are world, I which supply up. divide into both global in I then. and Defense we high and market US is I US within Point-Defense spoke we military phase, our believe of recent the confident January analyst since chain the typically delays now able we Near rest solution are levels and subcontinent should days reach USA our the based need at recognized. and US to is four following and explained event these in Europe/NATO of widely the the have Indian stock within but satisfaction expectation. January, our the events especially the Europe/NATO addressed as in until the and to East have catch us this but revenue Air in years during market and countries have and only radar budget deliver webinar, from countries of Short-Range you incubation the similar days sometimes of I When problems advanced the to made doctoring becoming its three to only for said The with on more estimation,
solutions. Air and Defense tested our system are To-date, integrated radars customers. have We weapon programs continuously and first providers, their quite Short-Range already UAS low volumes in part a engaged European few mobile of encounter European sporadic been and with being to prominent as
in an event uptick believe lead we will XXXX. However, the to current
in the evidence markets of military proven which US the UAS Near are C-sUAS as in and already immediate both making of countries. recent an threats also need India of demonstrated we growing part We East integrated of, Ukraine the around attacks, The systems and significant mitigate support to and part in of are interest neighboring up the and damages. view
to expect year. of during solutions both current the next and counter growing We markets especially sales drone
announced a the by local you recently We company also with plans joint end remind venture to up partner XXXX. that Indian we an set of
to expectations on perspective you financial our a little want give expectations. financial Let's review our more forward-looking ahead. I
We just to be are evidenced we that QX by weeks fast our previous QX revenue million have announced recovery confident €XX current declared that in business XX% when business, ago, year. we three from new compared which level up new will is as
this of we which implies growth. reiterated €XXX guidance revenue XXXX million, Our morning XX%
our We revenues the will of along year. second into expect that shares the convert QX and half
upside this The while urgent guidance anticipated in budget expectations. geographic which of what discussed not and Ukraine, line our in to revenues, revenues US of be year, year is our our nature the In remind in of also to in to are $XX revenues revenue in terms of January, full we items defense of you our about considered some already represents around already million the backlog. XX% some expectations breakout incorporated further expect our about US we market our forecast
to believe during the our QX avionics in or from For affected on our CR overall we legacy would market, with quarter finally, per revenues around so, our $XX the into margins $X estimation the that delay about cash of and revenues coming and margins. regular million We the consensus, we gross And estimated business. items add non-US forecast million convert radar $X $XX for will profit 'XX. the our based expect be expectations. have margins and in-line of produced been cash not our generation will actually street we and if And million million, which by as were first
top the top it's all the here. So, about line -- line missing
expenses investments pressure as three cost is delay stabilizing selling of around accordingly. as coming And towards by the some move about people somewhat USA. continue recently throttle. around talked $XXX,XXX and it Israel X% onetime our in increased to any Salaries side of quarter, labor main have of also to which OpEx considering our of XXX per full the the we prices this will earlier, our increased which now the in had and lastly at most due did of We I at our XX X% up supplies, on view to in said average. manpower the people the in power We not adjusted absent plan, quarters and On we forward be OpEx. when
a at have launch. let's short summarize, Before we product new our look
and testing are Our These products growth bright our the further radars addressing in the the these have very present widening the potential, We accuracies pipeline. field increased evolving and opportunities a and we soon, of us these for xMHR nMHR, defense and are in have features them. and all the and additional believe starting and new already new advanced orders markets initial lead strong very radars. future keeping and ranges, introduce needs higher sophisticated namely developments, iCHR our
So let's summarize.
is QX year there is year, and importantly, cash no there of expectations of pleased all behind they revenue we expectations, our adjustment or not QX to XXXX. in our with do a shifted and guidance flow. compared Like change no are away bump is $XXX the picture. to the While full us. to will The CR road and along industry, million, US XX% be levels change being which from the associated the which below delivered margin up the only are completed on remainder are broader Most revenues, our gross
planned is and front continue now without is rightly opportunity, the us, We as because which of very big of clear. posing
growth we in the much call orders and ago, to look US the the next CFO. I'd I the Israel, of recent over in what now to follow-on the months in very war similar to we the and strong the waking forward strong our coming I'm only translate the will has years, experienced four with rest Avi? discussed Therefore, a upside like hand in Avi quarter. up Beyond had to believe discussion with unexpected the our this discussion optimistic to years. over in very Ukraine, just you world
