Jerry, you, good afternoon, and everyone. Thank
As in component year and growth profitable even with free the fourth faced though mentioned, strong were and flow. Jerry of another headwinds year, shortages able quarter chain deliver we we full supply still to and cash
Okay.
starting our turning results and revenue. So to XXXX with
X.X% revenue full our compared at the That's revised year, in XXXX guidance For $XXX.X upper to end came the million. is and range. up in of
to delays shipping this delays. million. shortages component from million negative we Jerry, as quarter, year in supply from And it from right. have in you resulting To and the XX.X% across hardware weren't all full of revenue guidance. For down growth if been year just And in saw that's our these the our growth with and perspective, delays, for revenue the year-over-year fourth products. put seen impact was full year-over-year, our while revenue $XXX.X due quarter, $XX have fourth exclusively All we to is chain heard line would initial a pushouts would our
of revenue. was That's was fourth Full across it start and for and wireless and revenue that's with our million, $XX.X wireless. year our accounted at the lines, revenue. total of let quarter XX.X% accounted Wireless year-over-year up year-over-year up total million. XX.X% product $XXX.X for me in XX.X% XX.X% revenue Looking
strong And our we So fourth quarter see, from shortages. as had products. pushouts wireless year results of due are exceptionally and an you shipment full to with these delays component can net
these also the Jerry fixed Now during areas. product we noted telco XXXX But on products. progress in that next-gen significant cable did he supply highlight had that and the made chain in revenues our our impact
So prior now give you year. the represents XX.X% let this full for and $XX.X the numbers. Fixed the was telco million, of from year decline a me revenue
down revenue year. was that's quarter, XX.X% quarter, the for a that's fourth from telco XXXX. $XX.X decline came the revenue down year and XX.X% $XX.X at QX million. and full XXXX. from fixed the prior $XXX.X QX was million, fourth revenue XX.X% In in And cable For from cable, million That's
areas revenue these decline supply Now once both chain the in due primarily of again, delays. to in product is
gross GAAP $XX with Moving was profit at GAAP million, down gross statement. XX.X%. coming margin the income in QX
at our took to of discontinued do gross $X related Looking increase full affected to a reserve by GAAP a year, I margin that with quarter, fourth a that were And product in inventory want profit the that we the margins was E&O million $XXX.X gross was million note line. gross XX.X%. and
if our to the we been right. for and GAAP XX%, fourth So this, adjust gross for quarter have margin full All XX% respectively. and would the closer year
$XX.X $X.XX. was at for XXXX. and $XXX.X $X.XX million was the down the GAAP million. Adjusted operating diluted X.X% OpEx was GAAP income GAAP GAAP in income million EPS $XX.X EPS and QX was for for diluted while $XX.X year. full million, was fully $X.XX million. non-GAAP we for and fiscal from that's came operating X.X% income operating quarter million. quarter $X and full quarter quarter on generated fourth EPS a the for compared quarter GAAP expenses. if for for of the the That's in full million, operating of to And was OpEx fourth year $XX.X while it down at And $XX year, quarter for year year XXXX we full was the our look the year. EPS And Non-GAAP the million, the $X at the XXXX. basis, $X.XX, fully was EBITDA Looking
Okay.
our in sheet. a capital our that of been quarter, our cash purchases. million cash gross year-end liquidity to $XXX that's million, to Once of in $XXX.X Turning year-end million. for we At and these, strong million, cash and X% position fourth the quarter. inventory growth of use about did down $XXX we from balance of million year approximately with a cash. if our $X.X And debt cash ended million we of restricted for was our share the would working with the in the end the line of buybacks And balance quarter, and we $XXX.X of million some have used spot $X.X $XXX forecasted balance adjust third in cash balance our for year-over-year again, includes
Okay.
for Q&A, to to our I on like on guidance moving Before XXXX. would fiscal comment
and margins. our takes impact will into material As for have expect key both a this expected a we And software favorable absolute Jerry in consideration factors: increase XXXX terms. revenue our two during noted, year outlook on revenue in the First,
than to chain due And range to shortages. some Second, the delays supply expect lower revenue recovery of account of into that contracts chain the usual. shipment and continued Also schedules, and shipment end finally, our supply lighter see of uncertain guidance we reflect situation, given reflecting in continue revenue from And midpoints this supply delays. is the of do our upper usual. because component we the wider while range and chain certain quarter do the then shipment than you'll guidance mitigation issues, timing with issues range see to the takes first be the to expect and
performance With let our XXXX. year fiscal that me said, Okay. three outline metrics for key in expectations
of $XXX revenue million to $XXX million. First,
percent a as adjusted $X.XX to revenue reminder, XX% to around million be be of by is an software third, of GAAP XXXX. operating financial XX%, we XXXX, GAAP we're million. $XX XX% EBITDA unaudited an of $XX of $XX total of to software minimum a a million total in revenue EPS $XX we've Second, to XX% of range $X.XX. total from in income regarding million metrics other to for XXXX. And And estimated of expect a on revenue to as this and And increase basis over what targeting of
other XXXX one note I thing Now want there's our that on outlook. to
it for EPS provision does our and are the believe amortize that maintained, Our who years materially take tax expenses there and guidance would the will increase Jobs is us year XXXX reduce Tax over a Cuts Act provision activities. into R&D income range. our then this liability five and capitalize in to for won't research and consideration many it If EPS not be, U.S. require forecasted
and be Okay. my not I ahead will With the been for thank like have would that team of years This And I leave want said, Jerry be Company. entire the accomplished. the last success. could road filled X.X the Casa at CFO following. you to Casa. with we've for earnings what of be that Sincerely, to as And what proud will I'm with confident great amazing an I call
Q&A. call with let turn me for that, over to operator So the the Operator? back
