financial Hilda. on Chief you, us to quarter And President the conference joining everyone. and for Officer is on call John TSS. XXXX Anthony Chief second the Financial our me Thank TSS. discuss afternoon, call TSS' Executive Good today of Thank joining I'm Penver, the results. you for Angelini,
of TSS cautionary to the arise that or information issued begin like I regarding or conference take in otherwise note contained accurate required call, time-sensitive XX, the language update, replay August today. applies by we everyone we events to As obligation to statements to applicable the to law. only this of expressly circumstances statements, date, call. any statements conference information supplement are or comments may will review would today’s XXXX. amend, reflect call This after as language made today's on same release contain statements which well forward-looking as as and except forward-looking remind otherwise disclaims press on forward-looking call any made today, That or as
uncertainties, which refer For a of with affect Exchange the risks the Commission. future performance, and list please company's Securities may and to the filings periodic
accordance differences in In addition, calculated measures those between and press the GAAP And we measures release. most in of are today's will be comparable reconciliation referring measures. to is non-GAAP a directly financial included financial with
comments and up. see over to results shaping a on So his I’ll call then our and the turn review second of for business XXXX the how the how XXXX with call we begin Anthony quarter
improved, made of our the when the growth first financial the strong very press had the of in of reporting our strong number as both challenges on We've XXXX. results earlier revenues components improvement available chain Facilities able deployment during quarter our very we compared COVID second release of quarter segments during pandemic a impact such XXXX. compared our MDC operating year-to-date be pronounced. our that our of operating announcing $X.X released of supply XXXX increase quarter strong XXXX have million of half by increased particularly seen second the been the compared Now to we've in where was XXX% results to the and supply an and release at website Overall, more that or segment, results the results of in will we quarter the business www.tssiusa.com. of for first XXXX. our to on We quarter, had A copy second today, to second deployments
the profit to in growth or quarter a us which achieve XXXX, an Combined quarter did of $X.X In to a in the to million year. the our fiscal compared of the XXXX operating to of or our we increase million fact, XXXX. million increase in XX% XXXX our than lower $X.X particular, profits of allowed $X.X with $X.X deployment entire second this second revenues deployments to of $X.X XXXX strong compared in quarter with second along expenses, greater MDC million our led the growth helped an $XXX,XXX a XXX% XXXX. were drive of improvement profit increase in This integration of revenue business, in million during in gross of loss in for $XXX,XXX deployments operating of from of
performance chain $X,XXX,XXX us record of improvement similar improved our some by quarter integration also going for XXXX has have $XXX,XXX business. in in large The for a results to amount the will allowed of from EBITDA a the still XXXX supply in a will lead annual to third the strong loss adjusted of very company second backlog, as strong we our of result. we Our well quarter in backlog as achieve anticipate a and a into profit XXXX. a and second fulfill We quarter that
has the And second to facilities $X second business business by of million, $X.X XXXX. or our grown had in XXX% facilities we during from of Our quarter compared XXXX. revenue the million quarter
XXXX. the I as deployment million to deployment quarter complete had necessary the facilities expect operating the we projects. $X.X results. Year-to-date, be million we indicated get based will to has was third As our grown again third of we half were strong second revenue on during facilities This XX% of And compared of strong XXXX $X.X a and to able which million of quarter help first the moment $X.X our ago, $X.X in revenues by to quarter quarter. backlog, by all drive million, or components revenue
a quarter Our second XXXX. the system also integration recovery of business saw compared to strong when
XXXX. million business of Our supply quarter revenue improvement to attributable quarter XX% when experienced last the an in of $X.X improvement $X.X over also XXXX second million the by months. the the was we've challenges this to in or for XX of was This compared chain up second
Our job customers them. getting us services us were enable integration able complete to to components to to for the do necessary our a better
based foresee that XXXX We and vendors remainder continue will comments the supply still some our components experiencing challenges this are of with on from customers. for our of and
the did revenue during first reseller XX% $X.X and XXXX. XXXX the procurement of increase or services half of first to by half million Our compared
we've not agent a meaning as had for services. transaction, So an inventory. we in in in revenue as services these commissions our any where of agent transactions or XXXX, record or custodial we taking simply of the possession net the or earnings. more amount goods procuring third-party, underlying were acted cases, not In control the we these during type of goods far but And we're transactions,
Overall, had streams, across in profit of at allowed $X.X and gross actually So XXXX. we growth of gross this looking of our the although generate our business, the only to revenue us first as half higher much the we've first million this line to of business XX% all half increased increased profit revenue from a the XXXX, by result. compared solid
through and us and our to the income gross higher for our quarter. unchanged cost net operating dropped allowing EBITDA profits meaning operating structure and healthy record adjusted line, is Our bottom largely
me second of give quarter XXXX bit a let some So on the results. detail little more
for responsible the the our fluctuations integration $X.X the deployments of of quarter changes revenue quarter the and So million. and to quarterly in XXXX compares in second of in XXXX improvement of $X.X million in in second million The for first service primarily are MDC compared total XXXX. volume in businesses to was our quarter $X.X This revenue.
supply XX% This the than higher new XXX% of in $X.X $X.X in XXXX. million have is $X.X million first XXXX. half to XXXX. quarter half of facilities facilities or the basis, grown the second higher first the to of drove of the first quarter $X.X This was this what compared XXXX during to had or million $X we up million million XXX% Our by total facilities million our business half by million, $X.X And generated than revenues of revenue $X.X compared has the deployment also XX% in increase first impacted or second a quarter to revenue was or the revenues from delivery and year-to-date XXX% of travel $X.X our quarter COVID challenges recently, the been since The pandemic, I've of site at of customer mid-XXXX million and as and by increased in XXXX. deliver have needed a locations. ability equipment the This XXXX. the On more impacted deployment data XXXX. our improvement, large deployment first in was revenues or the deployment second restrictions driven and to million of revenues business centers, chain $X.X as compared half by of modular said, by the services
our deliver our we in the backlog anticipate over activities to conditions of refurbishment, MDC compared able deployments by been quarters year. deployment focused new our efforts revenues as on to the prior a supply next upgrade XXXX, on high and and deployment As we've And customers, the result. several refresh decreased from revenues have improved projects as
to second million that On basis, prior the a has the continue in levels this hopefully, in some in were to the $X.X improvement we will fulfilling of built revenues from XX% remainder by year-to-date the integration had in quarter revenue XXXX. increased Our of We of integration continued MDCs us higher quarter at allowed stay This by the or XXXX or business to start compared in second $X.X drive million the deployment. backlog the our by that operation for the level quarter business attributable of the more will we part an this services and we've towards in end saw million that in second XX% impacted quarter, in into issues, supply to And chain and XXXX. anticipate our number of an the XXXX. pandemic. next rack quarter, component COVID of record similar first of $X.X this operation. helping increase of This the impacts supply to has been
Our reseller million more our to will quarter to to drive and stream. timing revenues. increased longer-term And XXXX, of were the resell this the consistency medium compared often is procurement fluctuations $X.X revenues and from goal our $X and of XXXX. drive large control, by lower transactions The million beyond quarter this they be in quarterly continues but our volume in revenue first of second to these
goods reseller other services or transactions where call, most no and entitled paying we acting procurement I of the During of of to and the of amount the recognized they're fee these quarter to have provided party transactions, an we the our commission we're instances, to or services transferred any before as customer. the customer. for goods the to XXXX, control revenues, second be of our after expect agent were, agent what In that
though compared So of to gross by of periods, the profit revenue agent because previous XXXX. by to even transactions actually compared the increased had $XXX,XXX XX%, these increased we first more half our
integration to compared XXXX second XX% was during Our the integration in quarter second reflects second our core the from revenues The XX% on to the change services profit XXXX. margins of on in the quarter margins of facilities of quarter and our business. margin in XX% gross our lower in second facilities of compared XXXX. margin XX% quarter were down The
Our or by second XXXX. gross to $X.X profit had compared of the XX% of the second profit overall the million $X.XX million million $X.X improved XXXX quarter gross to in quarter we in
$X.X in than were X% Traditionally, during or first Our due we quarter million. and to to expenses the compliance had we This operating second quarter the quarter. calendar of expenses our selling, are first and million incurred higher the compared second $XX,XXX costs quarters down administrative the quarter subsequent in was $X.X XXXX. general audit
costs profit operating XXXX. of we an line level $XXX,XXX we After expected. quarter of basis, XXXX. compares expenses we've in recorded the On of to second this This XXXX, those the G&A quarter operating above, absent what half $XXX,XXX in $XXX,XXX an of quarter, in XXXX. in a was of with to in the So second loss operating profit of $XXX,XXX an of compared the recorded of an year-to-date loss operating first the
of $X.XX $X.XX net had second a On $X.XX loss $X.X half we compared incurred expense or or loss had transactions a of in in that a $X.XX of in million. number that compared we even reported net of and quarter interest XXXX, half share in gross year-to-date interest value increased the due drove After of first XXXX, the of a or of to of a the or over XXXX tax million type though to only a under net to periods an income we've a we agent million. share of share second interest the Our of to compared half reseller against $X,XXX,XXX first of year. reseller of revenues expense, financing the is This improvement and gross as has first This transactions to so quarter comparable minus the $XX.X our this of costs share XX% first by XXXX. And minus of value net $XXX,XXX increase in and XXXX. the reported XXXX. the we've basis, this compared income XXXX. $XXX,XXX $XXX,XXX half costs, $X.X The the of was in
an improved profit the taxes, Year-to-date, EBITDA which had and loss was in EBITDA to half excludes the quarter of our had in amortization interest, EBITDA first XXXX. year of of profit in in XXXX, adjusted quarter first of we've first depreciation, compensation second $XXX,XXX, Our compared XXXX. $X.X half We of $XXX,XXX adjusted an a of EBITDA of an by last to the and $X,XXX,XXX compared million, the we've of loss XXXX. adjusted second meaning EBITDA, the half adjusted stock-based adjusted $X,XXX,XXX that
sheet. balance to turning Now the
remains balance timing position since cash impact inventory transactions. and payments and sheet healthy. are changes the to cost balance transactions the and our accounts reseller receipts, has definitely The cash sheet timing our Our of reseller year material deferred in of primarily around to events on prior a related and due payable
payable outstanding the the this now during feel We liabilities million Note of debt. we $X.X available growing funds debt, called about July, and back hand underlying warrant the full reseller in our to future our continue business clean credit to during included proceeds their using In flows. operating MHW received the got long-term continue existing ways been a added good We $X.X and balances financing facility to In granted in Susser this provide have notes debt, that flexibility have business more all million have new we EPS we of our granted to XXXX. We bank excluding lease balance grows and grow in and line most also sheet adequate been utilize with as exercised to it the Capital conjunction the outstanding are of to our May, at us Bank shares a our for warrants XXXX to computation repay repaid have revolving financial beyond. we July, and us of balance a In warrants believe MHW cash credit in they on with XXXX. to new in activities we've XXXX growth we sheet. our no us strength trade and as in that since were looking his exercise. assist from outstanding
that, Anthony. the Thank of the about business Anthony with during we So, I hand his and for to you, quarter comments how see remainder over second will call evolving the the XXXX.
