update call. Thank good shareholder our Thank XXXX submitted all who you joining to you, for Thanks questions. and afternoon. those all QX
As during always, address we'll do our best this to them call.
I'd Before compared to and we jump to in XXXX. close crossed the into the of recently we're We a numbers, everyone to to in X,XXX the XX,XXX-case have. business like remind mark year moment the we impact the take for
aren't I'm proud For we can diagnosed grandparents, parents people, we mission that deal with diagnosis. battle numbers because are revenue the are were execute off who this to translated impact and These families' company. to price. and our many have really just awful us, of cancer. battle have those on I lives the share as real siblings better children and and to those you those XX,XXX our that they of people on by assure their patients against
goal into business our in jump reaching of of declared performance. the we breakeven let's last Now At the year, end XXXX.
milestone that the business results track of bring structured achieve Beyond year. making to company and I'm appreciation deliver are our dilutive goal important to and the operational a well our report capital on bringing able the value. company commitment to a objective raising into avoid we're to we successful new that this QX our that era pleased this demonstrate money, starts to reflects shareholder to
Pathology of each performances starting division's detail, division. review with more a the in bit the Let's
XX% sales increase quarter, We're continue point, approximately million our existing of quarter that.
This our key and run quarter from with breakeven that reach robust QX. remaining consecutive team, company. organically grow and revenues rate is to division our the goal exceeded for going our a per second million X and this does represents the $X.X creates that a division things previous For for this Pathology above division to the division to $XX
division the positive generate First, will cash flow.
self-sustained our engine provides build growth products' support R&D our it which Second, generation products, enables to a company. of Class us the customers that and III the next is platform future of
to financial levels. positive Pathology milestone. as that hiring members sales this team services sales ensuring more will our us team, really generate service, team strategy. the a to us revenue contributions achieve the services to our efficiency person This business of broader of both this revenue the enables know lab of in operations, testament of that if that the the to current revenue if position, at stability to reach enabled no in that so operations, market, remain breakeven we X We deliver some Our this serve division provide of breakeven to point. proud will of point.
I'm Indeed, can is and to cash. at they're may even ours, current still X and contributor confident our additional above our a our team, and remain to be these this revenue. struggling I'm other look reaching is continue you I other also financial quality with tenfold the our for competitors that lab structure commercial well their operational lab
Products the division. to Moving along
progress breakeven, reaching hit XX% QX $XXX,XXX. has over we division and are closer. steady the QX, by making moving revenues Although yet not increased
as X in are which division's next those performance. in our discussed, to weight they we full robust this that's customers a various have onboarding that current the we're quarter, the building of quarter anticipate see we're among going the well pipeline, products, customer onboard as X We significant as we on to stages. As and a who customers have impact in key going
forward, which division. customer going of to revenue. products main let overhead, thanks minimal. sales. to is. their and income X that. the streams and is Selling expect and our is one, division for variability business shift services forward, increasing attention. this revenues point to future, the our generated. the division.
Development products foreseeable customers gradual But there you a sales contribution likely the less force our generated potential.
To by and revenue distributors. results to commercial share keep is simpler investments, division. our recap as by our The revenue for the growth direct see majority operational we R&D business, from relatively going less a the Going far this from our this Products we case, the reasons complexity distribution retention. pathology one, leverage The team reach channel for line consists the reliable as unlike This as products in higher team members contributes less Product are bottom generated which full stable the The a to and X of is Products consistent, Pathology of small our the customer turn strategy generate Number to Number committed are and them become technology, intend margins. The requires to small date, management higher last than require significantly two, remind is is to of ultimately this of which, And the Pathology me in in predictable means and of engine recurring turnover, for of at margins those
many we'd have in the reach not brand having to done Although sales to of are in and our in XX% achieved turn, our that customer the the country. and by we, direct gain the of essentially payroll to distributors more these access, front than have access able we're that margin, receive And reps of supported sales route. on customers distributors, likely with hundreds of access every get
position. cash our to Moving
million there to XX% In terms of burn approximately XXXX, in to cash in point, raises. rapidly cash QX of performance same at impact than performance saw breakeven.
With compare sees our of change the balance of our we position improved to company time This flow. no end and growth filings, current reserves of is metric cap, management our and us. was would show quarterly a market during the our our cash remain we cash our $X avoiding from in position, you to very think better as reduction burn. in exciting cash of building and our cash $XXX,XXX period I in as the don't the a QX for balance, you are end is With sales, capital this approaching cash a current for growth cash dilution.
This our our need customer shareholder committed through organic
tirelessly goal Our team exciting the it's within to working and to reach. it financial independence is see of achieve
building very corner the And going to mode ready is we've established. Turning change new a survival this foundation from embrace we're to the refreshing strong on chapter, mode to us. for build be
to up of and how within back future is lack In of revolves have continued shareholder capital Some market and company's education now, around analysis, business held X the received Number value. until second we both. and the things address risk performance to translate like our the questions company's main into investor community. of is the of the raises, vision the our one I'd us opportunity
where performance, a our we've progress business raises no that in cash capital reached forward turning addressing can concern. we I the towards now as point think cash marks and in With first and us. a step are a done is we've cover position confidently reserves, behind significant say this This are necessary. the challenge burn, past, to we longer in breakeven,
well next company, lack As strong to then achieved year. guidance our consecutive about revenues going they going be of the back Once quarters, This is both performance several such point and company with what performance can into certain will through parameters as this has investors be as change insights performance as to able forward. the solid on education EBITDA to we management expect. provide will done to past
these building Our alongside provide visibility, to and and higher and performance, investor than trading increasing approach the That, solid our meeting more coverage, ultimately to visibility plan company. milestones. adjusting the conferences, see summary, will and company volume that investor-related a in activities to exciting growth our price, also boost includes revenue hopefully capital substantial impact it's help level.
In really consistent share participating analyst other should the exceeding provide in the guidance our multiples market current
through Churchill you're and have and going", going We hell, keep through we a "If been Winston as said, did. lot,
and even to end going into I year think the strong stronger. next go year we're
season I holiday forward joyous and a everyone all to everyone. Happy and Thank thank wish Happy to want family I like our a XXXX. you. approaching, in look Year connecting holidays New have friends in the your to for nice With holidays, and support, next you and call with I'd with evening. you to a
