phone the and everyone very by We taking and you to the you, appreciate
Jumping our to join Jim. on during time progress Good Thank second afternoon, quarter. in. We're pleased the continued today. us welcome webcast. right
XX% end year-over-year.
Strong from guidance of As of expenses closely total IC millimeter expanded, end-of-life antenna million growth the contribution margin over than driven and support manage reported and shipments to modules. and volume sequentially although our increased quarter, results charges and slightly wave during from production coupled burn. cash reported revenue improving new we Gross expenses incurred XX% $X.X operating represented of with reducing due to revenue our our growth today's operating in a release, of order exceeded also high the up original more certain products, press were was by in continued memory
end-of-life our products. with to status Turning want highlight briefly IC Side to the X, the I memory of
order end shipments recent second backlog approximately our quarter in that memory $X.X of the we expect our of to $X.X second approximately QX.
We We products prior third order, IC million. at quarter, the quarter. million, total of million currently in $X.X second shipments backlog shipments with sequentially with of the most the order net quarter purchase $X.X quarter purchase to against received anticipated, the As to remaining ended be increased million comparable the compared end-of-life
Additionally, there end IC by remaining significant our and fulfill the for XXXX. original quarter on no of have maintain we been of completing end-of-life the our changes total the timeline to memory to of first backlog products, schedule the
revenue over previous we work shipments next calls, against few products. these the quarters customers to to and discussed for backlog meaningful our aggressively further on flow continue remaining will wave and millimeter As ramp contribute as cash expand
Slide of millimeter RF on of engagement pipeline July. the is snapshot for X, an updated of wave business as new global our Next this the end
be a reminder a technology for has our innovator wave of to than who a newer more leading might been decade. for Peraso those story, As millimeter
serving a have America. we initially our proven a base exclusively shipments, wave the a fixed to fixed have more establishing access of in ] Over number objective primarily this rapidly field achieve for set larger customer [ recently, on place record out extensively.
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We last access X.X technology strategic our focused more
across of key growth X it opportunities of across helpful the are engagements reach few introduced we top expanding represents believe that engagements progress, view terms but customer continues market at XX pipeline first, end and pipeline, the number total takeaways now business.
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Turning to Slide X.
and platform. mentioned my the for DUNE opening in briefly As order remarks, secured quarter, we during volume our the production first shipped
delivering would network from urban new our First neighborhoods.
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As months. a at region, the least newly initial will established service first provider several their deployment we in take anticipate
customer their incremental deployment However, expect extending as from the on progress this quarters. coming in orders we additional they do
are multiple targeting customer, whom dense lead customers this shipment addition supporting in future environment. engaged we ongoing prospective deployments This several In WISPs proof-of-concepts urban are our Africa we of with in with other evaluations. to to includes currently DUNE
that our uniquely technology in millimeter us North announced to of by continue wave also We solutions to believe WISP customers. position American planned participate deployments potentially one longtime
which urban DUNE strong for As platform, interest validation dense remain commercial we believe proven optimistic commercially solution leading environments. and very such, in expressed fixed we about our recent represents the the wireless
to opportunities wave I Moving want for to potentially our millimeter adoption Slide could solutions. recent highlight believe that market take a the development moment we customer and emerging expanded encourage X, to
provide the that eligible support not and federal grant spectrum, anticipated United More guidance a funded already eligible to States the stands unlicensed the purpose of agency using Access would familiar, the program of fixed of including with funding are yet access announced. access, prioritized $XX.XX that Department over and was thought on millimeter established planning provide the very majority low formally high-speed is the Internet to Head be Broadband oversees from NTIA those emphasize high-speed new direct wave agency bands.
I For guidance initially that Commerce.
BEAD optic wireless A of was through for guidance BEAD the program, the the cable.
The program has in to allocating anticipated funding. Deployment, to NTIA, specifically, BEAD be internet funding which of delivery broadening for deployment the recently this that billion for entire internet is NTIA fiber to Equity, potential delivered of is for is the program's of types stated, internet. further makes that
continued gain remain motivate America, in delivered into converting of we're we eligible access encouraged platform internet funding, millimeter does and for that could large to benefit further and quarters engagements for focused We wireless number significant orders customer a coming turn which production traction wave solutions. would in extent this our in unlicensed the the solutions product wave advancing for to Peraso.
In second across ramp deployment our access closing, opportunity quarter. However, expanded result market aim likely and during potentially of the via become by existing as millimeter the fixed on WISP customer
and products remaining end-of-life shipment throughout flow cash backlog IC the to next also our revenue fulfill We expect, will year. our to ongoing meaningful continue orders contribute for early memory
the together, anticipate second as also I'll the as of first you, growth quarter turn the to half Jim. Taken quarter total to increase review XXXX we year-over-year.
With year, third over to the Over the half our revenue representing for XXXX. the outlook to revenue second of revenue of Jim while that, back call for financials well
