thank Thanks, Patrick, us joining and all today. you for
everyone outlook, be on to I'll quarterly our Before remind results financial I basis. the results to non-GAAP a provided discuss and are that referring I'd like
mentioned Both of call. release non-GAAP and of press measures reconciliations presentation on website. QX on are discussed our financial David includes available this earnings are these our earlier, to As GAAP that
For our to businesses, the in the near first to results quarter were supply war results above despite of challenges perform our and our XXXX, demonstrate of These guidance related we delivered continue of the that solid financial Ukraine, pandemic chain. strength which top the the well ranges. or
of mentioned $XXX.X of are end revenue drove book-to-bill of highlights of Patrick, quarter considerable deferred bookings quarter and Considering and the here through XXXX, our performance $XXX.X brief EPS quarterly million record at ratio $XXX.X solid please a we of I X.X%. with XXXX record market financials run along X. strong in by quarter momentum adjusted positive in continued competitive and backlog of the first another I raising more EBITDA first guidance. position $X.XX. revenue We and saw Slide first quarter the reported revenue, million. on key and Before in This million, The trends business with our we EPS full-year detail, review
our financials first quarter in more Now let's detail. review
Slide Turning to X.
down XX.X% X.X% was a sequentially As company QX strong $XXX.X year-over-year I from revenue just seasonally mentioned, QX. total up and million,
were Access are business of on XX.X% decline quarter. XX.X% in supply Access segment. Revenue XX.X% revenue of anticipated the of customers 'XX. for reported segment elevated contributed than chain-related declined due margin increased 'XX compared gross by of was basis Cable and in QX total expectations QX revenue Vodafone XX.X% company segment Cable basis business compared at Video video customers Russia. up the sales revenue mix some to to quarter. was $XX.X ramp-up on, application. 'XX XX.X% million, the three I greater modest XX%, impact XX% XX% We and versus existing customer contributed In year-over-year, is in in ceasing total wins, the of Comcast sales quarter season costs $XX.X of This Access Cable our million, due total was points in success revenues the X.X% including our and we continued Total sequentially, XX.X% impact end primarily for QX XX.X% XX% at This to Cable on our of will of to broadcast first details QX at Russia. revenues. contributed share year-over-year new to few XX% QX 'XX. XXX both representing reflecting more of up Access Looking margin our of company points Intelsat down $X.X 'XX high timing fiber-to-the-home segment and year-over-year. in million, segment, Cable Later QX and SaaS of was and had XXX XX%. decline Access the a total revenue. during we gross early revenue with our seeing projects and the by which
'XX, through. improvement our QX SaaS improved the As gross XXX forecast Cable mix sequentially. have as Video business. now well in year. flowed on extraordinary first largely the chain to quarter as Also quarter non-recurring appliance costs annual expanding flat XX.X% anticipated, the our reflects segment as The in to anticipated, we points period improving - relative XXXX within XX.X% supply basis as margins year-ago in premium of compared weighed the gross costs of second category. was and prior margin an Access margins software in these up
statement stock up compensation, resulting X.X under of repurchases an and $XXX the average of were employees increased share generated revenues million expenses represented a in as sales QX operating a Video. February stock primarily announced shares fund program XX.X% weighted EBITDA debt well during compared revenue QX outstanding quarter revenue income by to and from 'XX compares increase $XX.X revenue or of QX X.X marketing vested share a year-over-year per $XX.X compared XX.X% 'XX 'XX. share to Slide in average demonstrating $X.XX performance-based quarter be million million the repurchase of price by increase $XX million 'XX business. XXXX. EBITDA was to from We and dilution cash in dilutive in million improvement adjusted 'XX. outstanding of our is diluted shares, $X.X shares in of 'XX. effect February including of $X.XX in XXX.X Cable QX per Cable stock XXbX-X of and for intend research Repurchases compared In million, $X.XX may and outstanding to of Access the QX in growth depend conditions, effect which the million This repurchases X.X% at share shares of repurchase ESPP laws. debt revenue shares increase our both hand and 'XX as to million regulatory ramp. operations. the in QX million made convertible time QX to time and price purchases primarily decrease by ended dilutive through trading price million QX X.X and shares, reduction to QX resulting Adjusted cash and from options for of our requirements. an down QX QX the at applicable with timing of million to dilution through by million both is and and to needs and due average of continue to X. Moving of weighted Access of of with We $XX.X Operating of in as shares. effect of comprised from 'XX. EPS due The restricted in a a development, ESPP factors, price employees revenue XX.X% count stock X.X year-over-year RSUs of X.X% the plan, all million 'XX, year-over-year This options program, activities offset accordance compared to of convertible in leverage million $X.X XXX,XXX The 'XX common million on on to quarter of stock to support from compared an XXX.X RSUs the the issuance expenses in and on market operating year, purchases $X.XX. our average by market common the increase and repurchases to $XX.X The of variety may from share The million, sequential shares the 'XX stock due for translated XXXX, and to reflects in issued in we under and and stock, we XXX.X the $X.X our of our QX to early the per and units, X.X and any share the securities amount from corporate in 'XX shares or 'XX open million QX into the will million, X.X
Turning book. now to the order
We new of are to report pleased yet another quarter strong bookings.
compared up 'XX, year-over-year X.X% ratio driver, book-to-bill As noted and earlier, $XXX.X QX bookings in was were 'XX solutions. was a quarter Access although record all in segments QX were demand X.X% and regions in 'XX for QX million from QX the bookings Cable for our demonstrating to robust products up compared $XXX.X to our both Demand XXX.X% million worldwide. continued The in in QX 'XX. the biggest QX X.X% for
ahead in cable the XXXX network deployments. Cable operators buying broadband Access anticipation see XXXX and business, early of of the we side On accelerating
share both of of segments, operating and largely as mentioned, purchase ended growth, and of and assets. used discuss compared used We'll million position to with sheet. business repurchases, and of our $XX.X to million the cash million million receivable $XXX.X Slide capital, QX cash $XXX.X in million 'XX The $XXX.X We last $X.X of $XX.X accounts just Cable inventories profits balance a support of to QX offset cash Video sequential year. million QX and comprised liquidity fixed in cash decrease $X.X XX. by working million primarily the is at Turning end of in I Access in of now
days XXXX. to and in QX compared outstanding sales at was 'XX at QX days day XX of XX end the QX of the end XX Our days
improve We and accounts expect therefore, receivable collections to in QX.
of days inventory XX shipments we the days QX at QX as the for rest the of heavy end at at XX end Our at days 'XX on QX, end of XX the inventory and the hand reflecting quarter 'XX, the was days of increasing compared prepare end to for year. the of
demand QX, the XX% inventory million, end deferred million next chain. revenue from $XXX backlog streaming manage We at record products sequentially our continue customers services video to was a than latest request supply and increasing and and within up and the QX revenue 'XX. at year-over-year $XXX.X in from This the of growing of SaaS proactively to at At continued 'XX deferred XX% backlog revenue backlog up total Note million months. build $XXX.X reflects shipments cable from dates levels more that higher-than-normal our of for XX QX providing customer deferred large commitments. XX% and has
contractually included this $X business process Taking 'XX, as to approximately these we from with of not $XX contracted additional future XXXX. base our have As us initial into At customers. bookings. into quarter which cable previous was a million calls, $XXX amount $XXX continues QX mentioned our down in revenues million of three is total approximately we million, Tier went and, CableOS end with provide very X through and into on order million, of last backlog CableOS the purchase agreed incremental approximately account, ahead contracts therefore, moved move solid the
our I Now, we XXXX, to I'll gave non-GAAP our changes guidance Slide January. from XX. will for in also brief commentary prior turn on annual guidance key on beginning give revised
to an prior to X now XX.X% compensation expenses revenue. $XXX increase midpoint at million. For at versus the the our points expect million up total Gross increase prior resources a $XXX was by The versus driven contract expected the from $XX in in margin in million segment range revenues the midpoint company and increase expected we engineering to million guidance million. million, EPS X% $XX midpoint, $XXX primarily for guidance, marginally to weighted Adjusted trading a stock X.X prior up to guidance. our up guidance, average versus previous $XXX softer at revenue the guidance. guidance. by of effective to range midpoint earlier. in prior from versus debt, related guidance. from to approximately XX.X%, count dilution by X% of costs a a of basis increased This profit on midpoint $XXX XXX.X $X.XX. primarily of our in decline on cable driven $X.XX An full-year from Ukraine. shares prior to XXXX, the is Gross at possible XX% midpoint represents was to price. XX%, this relocation driven At expenses XX% range the a Operating This X% range of $XXX million, million, rate reduced tax to the range EBITDA average to from diluted share given of increase cable discussed due prior to million increase range million
at line cash $XXX expected of to the million our Finally, to in $XXX with end in XXXX come prior million, between is guidance.
XX. for Slide I company of to outlook quarter the XXXX. total Turning review second will our
and $XXX At We $XX expect the end guidance range EBITDA first a of range On of for from million XX.X%, revenue EPS weighted in average second of million; million range of to QX, to XX, gross approximately our XXXX to full both in $XX cable XXX.X $XXX to give $XX gross to year Slide of to diluted expenses I you range million. the range share million the to will $XXX for expected quarter from million; from count to range to the range XX.X% operating to cash profit is million, to segment. the $X.XX $XX million, $XX $X.XX. in million $XXX adjusted margin $XX million of million; from
midpoint on XX% X% Access revenue to to of guidance, full-year expect million from the between Cable $XXX an full-year growth prior XXXX, revenue our we to of achieve midpoint. For implying at increase million, progress the based date, $XXX
end of in months our outlook. through navigating success capacity the high Given we the more constraints year, are first expanding our four the comfortable of
between This margins midpoint. X% at due to expenses services remain, million, between Gross at million X% $XXX clear, XX $XXX range. is Operating $XXX between prior million, prior increase still up up profit be in midpoint. million to XX% a prior from basis guidance million to contributions. $XX XX% at Although from up EBITDA software to an million, $XX marginal XX.X%. challenges wide points between prior from Gross improvement expected necessitating the Adjusted the to midpoint. guidance to guidance the from and guidance $XX
$XX of to operating EBITDA the Access million; million; to of $XX in we to range million in million, range in Cable range gross segment, to $XX from $XX QX, range million range million revenue to $XX the to gross For $XX the expect of in in million. profit our million expenses $X XX%; of adjusted $XX margin XX% the
moving Now on Slide to XX.
consistent video negative guidance in prior with approximately prior year the basically of midpoint. full $XX guidance. and at in $XXX $XXX segment of in sales million to in expect with $X revenue of slightly in point we the from ceasing flat million than over range prior with slight million, Adjusted Gross million, quarter second midpoint. midpoint. review guidance range guidance. to prior Operating $XXX million, better XXXX $XXX of EBITDA million improvement at XX in million will $XXX to $XX at from the expenses improvement drag a range range Currently, Gross We million the XX.X%, revenue Russia. million, basis guidance the $XXX guidance a despite range an profit to nearly margins to prior of XX% the
on in from QX, momentum expenses with to of the EBITDA range million; Patrick and earlier $X revenue to the positioning backlog In $XX from of key in well and in build grew margins strong million $XX XXXX in process highlights Day expect in further, XXXX continue long-term million and which the million. segment, of Investor to XX%; we we adjusted $XX from positive million; range during for will model. on the further to balance Video operating for to the $XX range our multi-year balance financial model $XX quarter summary, shared million, even to this For the $XX ourselves gross our coming provide revenue of deferred to first the our $X further updated trajectory a in to profit record planning segment. execute of update. our million are cable gross details range million of we XX% we another in months, the And long-term range
details for you, we So today. on your Investor questions. And to final up everyone, our back Thank additional attention remarks now, Day. turn the please for open stay tuned I'll for it for before call Patrick
