Thank you, Thompson.
was progress we revenue margin have quarter second and gross expectations, pleased were while continue. our this improve line continued our the above We're non-GAAP with margin non-GAAP expectations. our trend made mentioned, in to expect our by and our gross to per share loss Thompson As
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the we announced discuss Optoelectronic results that last want to I turning update with Yuhan to September outlook, our and Before on Technology. provide an transaction
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including a ODI. this is As subject to regulatory reminder, CFIUS transaction and and customary conditions approvals, closing
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expect CFIUS yet within Although are to to we next application our do days. XX the complete, these not submit filings
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products, quarter, second of and quarter our expectations, the $X.X our from million CATV was was our XX% XX% FTTH, XX% During year-over-year. products. data XX% the from was which our the CATV down in other. telecom line and with center remaining was revenue In sequentially XX% from revenue second with
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Looking are carefully we further networks. MSO ahead, monitoring X.X plans move to DOCSIS to
and as nature these when push well transition the positioned spend optimistic the infrastructure can we upgrade think are continue amplifiers X.X install DOCSIS portion of network cautiously in new are lengthy, AOI to we believe well this believe begins. and elements cycles mid-XXXX. other early of to a We this be could to While remains to capture for suited happen products for our
products serve CATV MSO announced to During will this change group. the broadband strategic customers formed directly MSO our believe for upgrades. strategy the we for our recently through amplifiers in access us allow offer to our to their feature-rich better network reliable, We the move needs quarter,
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order MSOs, with we during our amplifier to and extender selling our announced Quantum line new of quarter, availability In system line directly the Bandwidth the strategy products. of
quality product products. amplifiers, the and the products few portfolio of of our one for renowned AOI's believe HFC manufacturing capacity expand with maintaining we in-house large-scale new As industry-leading our companies reliability will while
quarter the add years line lead He Scientific in Access including of of appointed and General Cisco's you sales, has position, Notably, unit development the critical as Systems, Cable business the networks President quarter In as talent thrilled previously hybrid spent Broadband to to the our and serving and Access and as of Todd's with impressive to product team. Atlanta modern him have group. and and this development broadband added quantum access seen, of end, Todd XX may Broadband McCrum subsequent Marketing. we of will President newly formed also Vice are During Cisco career created to Vice Senior marketing AOI's we products. span Todd coax fiber the of Access lead Manager newly and broadband we bandwidth team.
Director In Broadband business extensive as most Broadband Bandwidth professionals as four careers also we Group. the addition our recently, had Pederson these Senior Michael Access All Director success that a Corey and have Ballard, within Development; to Senior Chapman Senior impressive our appointed as of line of greatly will with group, Steve Business Business of Access of contribute products. Development; Quantum to experience Al we Marketing; of EVP Johnson, Engineering Director of believe Sales of our for Todd,
We that access team. added of out we at have by leadership level, the in strength also the strides and made talent have broadband we building were significant the of excited the rest
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its two earnings for on data a discussed XXXG an next-generation and Microsoft we both mentioned, program how for make to we last for signed our center Thompson development with lasers agreement As beyond. calls,
the During services cables. quarter, for an design signed active to development assembly provide and agreement optical Microsoft additional with we second
Our filings X-K data. recent give additional
and and begin early expect ramping with these initial testing shipping the quantities these Microsoft the these end manufacturing for by their contract expertise to next as We quality this of design of of fabrication validation core for interconnect ability laser year. of strength view and We high-speed production products. our year advanced products to awards our
been As key know, many has ours. of long-term you customer Microsoft of a
build-outs. this customer products imply and While of longer have not million be greater guaranteed, would we XXXG saw a we the for revenue and exceeding during years several revenue which $XXX from these XXXG cycle, than the contribution our duration peak products revenue could XXG the product over from the believe of opportunity these that the
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for particularly interest well seeing our we we source We are also grow inbound positioned customers new this positive of potential believe to quarter. and other highlight I'd revenue business. this one from laser like lasers, in are to
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XX% $X.X down Revenue telecom products turning segment. sequentially. year-over-year million our Now to of our from and Telecom was up XX%
sales expect we roughly remain telecom QX. ahead, flat Looking up in to to slightly
last revenue, from We XX% customers, CATV in in one represented customers respectively. market of XX XX% and two XX% had top and center than XX% XX% one of greater our market the QX quarter, second the our year. which contributed revenue, the of total in For up data
cost by our of benefit generated of increase in we prior and actions we to in of was reduction was on in from of favorable XX.X% driven QX, margin we taken improve was gross and of The QX up calls. XX.X% have bottom discussed that XXXX up margin In XX.X% some our mainly to gross line our range of and intentional from mix, product earnings our non-GAAP XXXX. the XX.X% guidance efforts QX our have of XX.X%, couple above which the
exit the products, low-margin customers. from some resources some legacy maximize our can success on executing some to areas price margin R&D low-profit included where These shifting focus several away of resources we increases in actions with projects and
believe of made the gross with around continue. we goal increasing margin goal pleased on to margin We XX% returning the is expect our long-term to to this gross are that committed and We remain this and achieved. execution trend
million line second prior quarter million year. the or $XX.X revenue, our the were compared In expectations, expenses in in of revenue with $XX of of to XX.X% total non-GAAP which operating XX.X% or QX
operating million of million With in per in second quarter expect to products, our our CATV starting operating the prior million, the $X.X in in additional plan non-GAAP a Non-GAAP the expenses modest uptick $XX to QX of compared of quarter activity to group operating XXXX. QX an new additions loss we million we to $XX loss was year. $X.X in and promote broadband access
or per for loss loss to to share basic a loss of was loss $X.XX share $X.X the of basic the QX than for share, a year. $X.X was per loss non-GAAP million the outstanding of per $X per loss and with $XX.X net $XX.X basic loss $X.XX QX for range prior $X.XX share, of share, a better a loss million a net of of million. compared basic million or was GAAP in or shares basic of per in QX basic million GAAP of a net XXXX. or net million a our of which in used a On $XX.X loss guidance QX $X.XX basis, compares of were loss range QX $X.XX to share computing or $X.X The loss a per $X.XX of net in million
quarter with $XX.X We the to million This and million end total from million of the cash down second excluding We now at debt $XX.X restricted equivalents, with $XX.X ended debt, quarter. this first in the the cash, compares ended of investments of the the Turning end quarter $XX.X million, convertible balance quarter cash. of year. total sheet. short-term last with at
for due at capital compared to As made R&D for We in to million of QX. orders. $XX.X second Inventory of is in consumption and in of customer end of which million inventory million inventory used a quarter, equipment. had the $X XX, we June total decreased $XX.X the investments production mainly
this and As in raised a new we in fees of at-the-market we million new of To-date, have QX. March, commissions disclosed offering. which initiated was net all program, we under raised $X.X
our now QX outlook. to Moving
XX.X% We $XX be net million of to was range Non-GAAP range XX%. to and between loss $X.XX approximately to be to non-GAAP of a in million to expected between in $X.XX and of the of million margin count the expect revenue QX basic $XX income be $X.X of per loss and income using average per basic XX.X $X.X a million share income of million a weighted basic income of share and share, shares. non-GAAP gross
Operator? With will turn that, the I to it Q&A the over session. operator for back
