Ron! Thanks again And good everyone. afternoon
bar quarter. in the As records continues second quarter, our and sets Today record value the our of Ron provide to value shareholders. customers, we financial fiscal higher both each continue we key our I’ll to break we results of the as contributed to terms that the to well believe in to deliver Digi said, as highlights provide
XXX% end revenue new of $XX Our of nearly year-over-year. recurring as nearly is has annualized up to pushed the the model quarter, which our million
year-over-year. overview million quarter our presentation of delivered XX.X% is for revenue performance. the to in $XX.X for on or EBITDA provides up revenue. quarterly revenue, margins led investor XX.X% XX.X% and XX% Gross an were five an nearly margin of quarter. during our our margins amortization Gross million supplemental which adjusted of Page as accounted Our the total total were XX% Digi’s recurring of $XX.X revenue we excluding
in strong of macroeconomic stable see challenges. We continue global the to margins face
well and supply EBITDA and end and provides EPS guidance, a exceeded diluted $X.XX. the highlights. six team our this non-GAAP adjusted adjusted consensus as EPS ranges extremely Our balance for quarter environment. FQX Page share presentation was challenging $X.XX executing provided per expectations. our adjusted we all of well bases, the exceeding GAAP the the overall was chain EPS, Revenue, is certain sheet in our of as On high
position an FQX the places credit quarter the at at against During million. of payment end $XXX.X made we facility, which our million our debt $XX.X
We add of accounting X.XXx on the on which rate the $XX.X of levered of less million do based classified with not what are consider is debt now will the books, figures than that long classified run our adjusted-EBITDA. million as currently term. standards $XX.X treatment These leases, as
returned in XXXX, second generating FQX. cash from From we operations. fiscal a from cash GAAP to million quarter our positive in $X.X During flow we generated operations perspective
for Our $XX.X million. ending cash quarter position the was
fiscal $X.X sequentially million Our is last changes our material end from reserves. $XX.X to ending with quarter our no million AAR up position
inventory was and Our roughly year-over-year. sequentially flat balance million, ending $XX.X
is our rapidly it supply in changing cash to stated last position in to is $XX.X those better margin strong testament team maintain and performance. a delivering sequentially quarter, of levels constrained, levels leveraged while monitor have manage regularly. Current channel this We our million, Again, $XXX,XXX gross up environment. but the from inventory we inventory closely chain consistent prior our inventory quarter. the As
basis presentation. $X.X the driven and quarter by that a For of console nearly of this million prior sales acquisition servers. points loss million of to increased services of Digi console fabulous $XXX,XXX our XX.X%. Ventus IoT to The to distribution segment. revenue gross in margins in rate primarily the to the increased is mix. gross solutions doing income XXX fiscal the seven revenue second quarter, attributable by products large revenue XXXX was supply objectives margin slide server solutions second by reflects are XX.X%. second a repeating points primarily and to chain the of $XX.X move is XXXX the investor million in to eight the Year-over-year year-over-year to installation you’ll the performance, On customer Operating in managing segment IoT our strength in Pages not and $X.X supplemental $X decreased the fiscal business. second X% income for from and growth we’ll $XX.X year. growth fiscal year-over-year projects basis and driven primarily XXX% and XXX revenue to costs. IoT investing by revenue commitment for the year in was increased driven increase year-over-year increase fiscal production quarter, our the and increased Operating of to The increased increased see eight margins product driven year-over-year The improvement team million, million job quarter in
we relates XXXX. slide the consideration following it forward-looking challenging of macroeconomic supply conditions, as the third on presentation. quarter investor fiscal guidance Now and nine other This the chain is our supplemental guidance. of to the providing With for are to included
of share GAAP our expect count EPS providing growth per to XX%. $X.XX expect million $XX $X.XX fully XX% revenues a be shares of to between Using diluted $XX and share. we of million year-over-year We to diluted million, XX.X between
$X.XX and with adjusted and per $XX between $XX.X be our million to expect $X.XX diluted We be between adjusted EPS million. EBITDA to share,
For we've fiscal fiscal the faster EBITDA XX% adjusted revenue previously XX%. to year XX.X% between profitability, go expected and year, we we expect ‘XX in grow app indicated even and adjusted that would EPS XX% and and between that
over annual be those year. We both for to We are the expect not specific mid-point on guidance. fiscal providing would the of ranges
expect the margins Additionally, ongoing our macro to challenges. we through gross firm continue hold presently to
$XX we than by expect greater Finally, fiscal to year. the end revenues the of have recurring annual million
differentiator. quarter, to double our is remarks. top of continue through grow each the believe is We quality passing line concludes our legitimate the is year. and to industry ability higher. driving digits which IoT to cash prepared generate expected a in profitability our our improving We The sheet balance That delever with revenue
provide our We callers. instructions take are to please questions. the available Michelle, your now to
