Okay. Great.
have assembled here. a roster very We good
all taking do the I join call. today's that. appreciate thank for So time to you
have We amount a our time Form on spent quarterly report preparing fair XX-Q. of
is it repeat lot this read. as night's two going for last filings. those mention I I'm worth not then what a highlight on do most going see from call. the milestones important to details want I results look to a of But important to think important I three forward, financial and
So start let the for. me with watch milestones important three to
project's the stages, far, started have production for project here. expand so previously as capacity at just a know disclosed, early That $X Defense. think, you million well getting we I may going First to underway
to that processing from increase this of the our means our capacity end investment to be approximately that by production expect million the is what by million. this result sales to our XXX%, The $XX capacity will we annual XX%. increase project $XX And increase value capacity goal us and of to freeze-drying liquid
keep So that will updated you on progress. we
filling we process Re-Tain. the have investment project necessary million aseptic start is for capability for a production our own over us from Re-Tain two, Number finish. This to the give also $X needed control to create to
the at we to time up building the with press a will capacity, our short-term a the we're we production this down. -- we continue capacity, matter same we at filling resolved issue same you progress CMO. as filling this have current So anticipate, should time continue release when contract And or aseptic
expect complete of This press our announced review here Thirdly, the substance in still we to submission the Section, the CMC its third Technical FDA in of do phased quarter. release. a drug first be will
let important So, with me to financial disclosures. turn the two that
in So, I to think press release. the non-GAAP our important look at it's really disclosures
release expense Of stock-based to income compensation point press noncash are such course, we noncash these don't in would the expenses I we our expense at expense, you taxes. like, to items items, look so put Q, us. those when depreciation, amortization, All
release reported these at And for been directly in your income charges. losses could that not we've press out been our have times large for the had So, consideration. laid pretty noncash
And the results. let's then, talk sales about
in small increase XX. June quarterly results. in of a plus XXXX, of much With on change, We the percentage a order don't the had too first year, large swing a distort the total relatively dollar strong the can So half timing pretty during our we can of half ended numbers, small backlogs very focus first the sales results. result
I $XX.X XX%, better. million. the That's is additional in my $X.X trailing months in look what Six to XX-month opinion, up longer So, million being brings periods revenue. at. an are That sales
created for difficult about beyond quantity a us. team. Tri-Shield a of sales vaccination. dairy has in for is most for over new result great So work opportunity that's growth The is this and us Defense new creating great for market opportunity our us very by quality this It's economy. Tri-Shield us. First a
of VP Bobbi this which take to a after our Marketing, your I'll to be asked questions. customers, means have talk happy Sales about Jo morning's and I bit Brockmann what call join to to this Bobbi?
Brockmann Bobbi Jo
you, Thank Michael.
there So, positive change seeing A right dairy in is significant a revolution quality is fact industry in now. it's we and the on a are one. going
that one. the heifers, So those ever now, best about necessarily stream, making ones than destined every for more and raising are it's replacement female milking the not calves keeping
raising me. graduating managed I've on actually So, and it's calves, been from since I've for to products, evolution nearly this focused as fascinating but witnessed selling in not calf newborn Iowa State, dairy as I a manufacturer rep my XX XXX% years. very calves, just also years a seven closely
but into gone has industry loss investments what producers to direction, where moved the The opposite strategically in sharply started a nursing This surprise which making where back the I death pendulum mindset, industry like from the death zombie from reduced calves newborn avoided loss, we've many we high dead. swung call a calves in to the enterprise. then is Our apocalypse. big led in we low-cost that where relatively
So a this never preventative costs, their potential. that a is of replacements reactive genetic up wrapped health farms met had lot simply approach. strategy Met in rather than
like went without and week same out hutch all industry at staff mainstream coming females because space these were from facilities a sexed The raising experienced increasing of we really farms calves to then of other. if much heifer tried newborns just needed. were boom And and no or ready was fields before sitting moving semen all they the and with more hutches became two lines baby a between for
So mediocre milking ending the we replacement up streams. still pathogen into and with coming were heifers load surged
as we calf tighten quality up now hitting many are But their operations. farms revolution a
with in folks dairy are semen. at crossing old cows of testing, the as are value such those genomic more semen they to So, these all-time use strategic how being highs increase calves,
in are They health indeed programs. need them are quality start. they to want the than be more these to from fewer and raising Producers be replacements but invest to quality preventative before, replacements right willing
degrades heifer U.S. disappeared. have this variability gap and especially that our when are this half widens to What's comes variability the production still only for system, really to that pretty we important, between genetic and exciting performance considering those scours. farms return investment the producers which of the it since guarantee can bacterial thrive viral on and performance. calf last the on focusing and dairy are is looking of us immunity potential product for in game a years, do by is XX movement Those both field And are poised the reducing the are for that newborn
These for XX% vaccine calf provide the cow for unprotected. given to back protect to the reason, response a these is to rate. XXXXs. no they of XX% XX% are vaccines assumed to competition, other cows the the crop be around may calf. So, scour been they vaccines, but date protection forever, leaves XX% the is but variable. generally impossible It's the highly this It to responding. of XXX% biologically They've Well,
that We market are calf the every can tool protect vaccination equally. take and the beyond only
goal So, the with aligns quality with tradition seeing going very that our to change replace vaccine a it heifers the takes time verified our response well is revolution replacement are green, antibodies. to regarding variable we but
of in expansion this of making producers beyond market We're front go so more we're important, the guaranteed immunity. is the end disruption. vaccination can exciting. production on levels investment And It's with
folks. to some share to appreciate have I the interesting. market to you it that say opportunity found hope really it's have I with I insights nice and you
With turn that, back over Mike. to I'll it
