Thanks, Jan.
sale QX in QX 'XX versus monitoring hardware not and in bit add take revenue and monitoring custom Hero increase 'XX, X% from Following XX-Q QX X $X.XX was units then X increase hardware the reflecting units filed offsetting $XXX,XXX was 'XX, was morning, in are that X% recognized that including financials, in thus, rose revenue approximately sold to a and from in were X% more we'll the sold this and the QX more TrueGuard was deferred. units detail investors.
In overview, approximately in The revenue the units. that GAAP to in increase due monitoring I'll the which also decrease PRO designed TrueGuard questions a Partially million, just our by for about reported 'XX customer, revenue custom a of revenue in revenue.
have QX Therefore, replacement in of hardware those in the his custom mentioned sale approximately was opening in in would period-over-period.
Jan units to units. is revenue, XX% been hardware custom revenue sunsetting the of increase $XXX,XXX largely increase units, due the that excluding those XG Excluding remarks sold units, 'XX. technology
explain in units, have does the decrease impact not units replace new and drop sunsetting plan. same similar plan saw monitoring equipment sales the progressed. trends strong factors revenue. who to new Therefore, older XXXX, As benefits year some units. of IT newer monitoring on their hardware may accretive as in not the does sales, monitoring unit monitoring the assumes These revenue We revenue weaker but because particularly revenue. with not customers hardware line prepaid Also, in sunsetting monitoring QX the technology upgrade choose to
in gross production manufacturing and Our 'XX, costs. margin X% a versus to profit margin improved Again, $X.X XX% increases 'XX. of in reflecting grew in XX% gross QX QX million despite profit gross slightly
our price increase XXXX, a As in XX% effective business March expenses rate last strong in maintain QX in data actions margin, monitoring a structure in we The negotiated QX audit in favorable potential QX in The of included XX% public increases increases $X.X to XXXX. to an higher company as noted, expenses as development the reflecting to engineering due XX% versus resulted to expenses for primarily gross operating the QX 'XX were of from also specific due to on 'XX next-generation as to well SG&A and product salary as margin products XX% increase team increased we Jan more 'XX. our for due increased which our Corporate to SG&A to 'XX.
Total XX% September effective new during million took in other implementing and increased related gross and plan which costs last September, travel, in higher cellular rate some and corporate expenses. well personnel lines. the trade and R&D R&D new corporate expenses. for show expenses increased was improvement principally
of a QX reported operating 'XX, or 'XX to higher $X.XX QX net of share QX consolidated operating operating the per income $XXX,XXX Our costs. income $XX,XXX $XX,XXX difference $XXX,XXX loss versus of QX 'XX with 'XX. $X.XX loss per In in was due or in net versus Acorn share
of continue QX will OmniMetrix and new strength basis our growth believe we team product and products as the positive to lead introduce lines. the markets 'XX XX% our improvements in in to Power over the and QX We commercial with new services, the our of cash and innovations and product in market share business. gains, continued solutions, quality industrial particularly for technological continued that As momentum grew 'XX revenue mentioned, Generation
$XXX,XXX face $XX,XXX addition in in 'XX procurement the to from part in fiscal in 'XX continued to in in increased strategy in components the XX, mitigate part of lead potential primarily business operating key inventory investments supply due at in of global revenue long generated This flow. supplies obtaining XX, our company to of March minimize from period. XXXX. activities in Turning for for to from is to and the QX $XXX,XXX components been chain sales current $XXX,XXX our and inventory to or with 'XX, improved $XXX,XXX March in times XXXX year increased impact QX XXXX deferred invested critical cash to materials at compared investment discussing from disruption.
Inventory the effort of the Cash $XX,XXX QX The we've inventory delays to as business. shortages and issues
of capital financial have successful proactive our business growth. We risk management in actions the working maintaining reduce thus strong our have capital far and to and through strength the been
and grow. the continued we The a launched environment cloud in environment invest latter XXXX, will did potentially in QX, fixed and achievement. and was It we vendor arrangement. completed and by our exchange rapid eliminating of increasing to contracts a deployment, cost As development pay-as-you-go grow Azure us for are new in into XXXX, with and flexibility in innovation project avoid also as about hosting to the scalability we technology X, continued help as hosting we connections software May achieve half invested in excited design $XXX,XXX very on Azure that we costs of
customers, customers value cash and interface innovation technological of provided new efficiently self-service X for of our the had technological more offering our of offer on IoT as to million and more their our level other investments cost-effectively we in at $X.X work our of capabilities. the to user-friendly in versus to The a will customers space.
With and is to cutting more at functionality and end Phase million monitoring technology liquidity, $X.X These custom continue innovations such us while development new user Our service. operating development interface in approximately design and reporting is allow keep the internally access also respect higher data by the consolidated service OmniMetrix year-end. edge quarter of a to
balance $X.X potential pertaining As an within we was cash set are account excludes in million, aside to our of May XX, which a operating our space. acquisition evaluating have we that $XXX,XXX escrow
reflect, successfully. investing execute financials we been As strength maintain we've also we to cash growth, continue to our this future able believe growth to while for the have financial and strategy and liquidity flow
for we pleased business.
With the line could paid turn As February credit for renew calls, decide in to past Thank our the Should the excited and we've and elected we up new off Again, longer-term some of so far, in have rest thus opportunities operator to we open very to in we XXXX, year it. are about with and that not much. back we're stated to we XXXX, a at favorable performance we early point, AR terms. very do our credit I'll obtain call the line at the it to that, you our Q&A. believe
