you, Jerry, good everyone. Thank Yes. afternoon and
guidance and revenues supply for quarter, products. the of and strong quarter $XX.X shared high we the late January, fiber extension headlines improvement our results exceeded know, the quarter you in million. revenue at As chain and for demand the publicly that cable pleased And a for our in our and preliminary revenue in fixed on that fourth very the revenues, we're modestly continuing based our end we've wireless came
of adjusted QX. million have net We GAAP million we net for during $X.X EBITDA positive $X.X income and had of quarter, positive the
of results the successful provide and on Before December update more dispute warranty I a in QX financial our B Loan Term cover of and our customer detail. resolution status an XX our efforts
past over quarters know, chain many XXXX as XXXX, suspended early the the around uncertainties guidance I in too level business we supply dynamics general. as first we you address wanted year And few to of were there our guidance. most and full address faced and challenges in high
adjusted in the a guidance I XXXX, EBITDA and year. release full today, for am say to $XXX in top to guidance pleased We've EBITDA it million to line positive we our $XXX positive results. for our XXXX that calls full million range at set annual press for reinstated growth a of year adjusted revenue return net net and
for the of back revenue somewhat the small recognition XG, due pipeline, chain in weighted to cell sales several our of believe radios have. of XXXX in closed revenue XG our deferred half the related year now backlog anticipated pursuant We timing on the timing as to the our be revenue enterprise will we supply supply deals consideration, closing to shipment do of shipments, end including of sheet, balance as second well contracts factors,
they cable decision for been with earnings initial a in As American proceeding also our recently mentioned North the rollouts major we made by that their Casa project. infrastructure not be will aware of the cable upgrade in customer, release, have
guidance, we broadband infrastructure that our associated maintenance which receive their future to project revenue XXXX, continue will upgrade in covered. we for customer I XXXX cable, with no assume product Although just from revenues
this disappointed was are surprised any And and although not we cable Casa this by product to news, attributable issues.
XXXX, virtual a our release, we for large during and and years. providing cable in are have MSO MSO, on with disclosed – past a solutions best European XX in the successful solutions in awarded we QX RPD done we've later several January class As production also globally, CCAP with like are expected to the cable initial major provide in CCAP continuing XX just delivery we virtual focused deployments today, deal to
performance let's with fourth preferences device provided calls which more XXXX the XXXX depth And change, turn a now an product end-of-life in the in regarding we So reason given financial revenue of North and XXXX. those discussions American prior E-XX the product by major detail. for the in on to for tied our decision, comments, XXXX one versus one issue, decline was CSP regulatory not Casa access quarter
those XXXX. XXXX comparing to I'll QX results primarily our be QX, of
quarter the above the at million provided end preliminary January on million, high of range is that our in revenue XX. came which noted $XX into $XX.X as getting So earlier, we to and $XX million
positive also income We quarterly achieved and EBITDA results GAAP net million. adjusted net of $X.X
revenues from lines, XX% were end fixed wireless QX purchases $XX.X Breaking APAC. $XX.X of QX telco up across from cable our products year and were up revenue down in due customer and QX wireless in Europe expansion virtual revenue, up base XX% BNG approximately in was $XX.X strong XX.X% was million million, QX. existing million X% revenues QX to And which includes QX. access in which $XX.X from product million million, our from routing $XX.X
approximately service XXXX on approximately sheet backlog the beyond future XXXX scheduled bringing total $XXX in contract billings our Verizon deferred contract backlog, Finally, billings, MEC product and and million we million under of entered revenue XXXX remaining $XXX balance and orders, with $XX the Verizon XG in including million. to
small Further, we with and revenue North have ordered approximately on in I mentioned. we deferred annual get a not business cell included for American just as network closed the basis, major XG, XG is mobile POs which radios our where contracted an operator, $XX enterprise million of backlog numbers
well. very that achieved our important as Jerry goes milestones We've quarter and well. fourth very required in continues progress partnership all to achieve, we're horizon finally And to the and this mentioned, partnerships
XXXX deteriorations supply commitments in we're improvements we future. our the chain, entering the no in backlog supply ship Given there's significant seeing assuming in a XXXX, believe chain unanticipated, majority in the of will
quarter charge gross million $XX in XX.X% prudent factors to have device to end. $XX.X includes the the some all or been quarter, QX of additional at would QX charges, obsolescence or approximately of profit, year an on profit gross related revenue. inventory And gross consideration the This older inventory additional with GAAP cable revenue. to and a inventory obsolescent access at of XX% inventory in inventory profit Moving in million million excluding based these $XX.X of reserves related came
of GAAP million, Turning and net other company's given to the XX% XXXX, down performance at reductions during related cost in some from The structure QX are our compensation now which the year-end to including adjustments annual adjustments, $XX.X expenses savings charges XXXX operating impacted for program operating variable quarter in to the came implemented quarter. expense. operating prior expenses, various
for quarter impacted million. influenced charges obsolescence operating million This is Our quarter. $XX.X the by inventory in GAAP the was $X.X obviously and loss the
was All diluted basis a income adjusted schedules net share related or we income in QX quarter earned a On net the XXXX. in per press reflected net Finally, of $X.X per was our net million P&L, or $X.XX versus $XX.X share in non-GAAP release. loss million to of reported $X.X $X.XX QX million our to $X.X the million. of in EBITDA the
now million failure to you unauthorized supplier. matter, to products. related net loss to the increased failed for customer was matter QX, a our a of substitution This one an related warranty settlement from from charge to to replacement $XX.X – a Switching by warranty as may attributed part units due our recall a QX
very changes charge prior installments to in QX. the and years. three to in under in the with been just due equal cash dispute customer paid next recorded customer that the and with million our will this We're December warranty to has million be the resolved remaining We $X.X payment year made end, first settlement $XX.X settled material the announce XXXX of happy amicably no over settlement
million XX-Q, control amicable outcome a Given the also product will supplier from matter. important with pleased the potential Casa QA for disclosed XXXX we'll discounts procedures on to future this XXXX, and with customer, consummated the final further with in related now the this initial implement improve new net supplier $XX based approximately March we very with was economics our exposure we're resolved this as settlement supplier this and which receiving the the we increased be to in QX
held year would of on our regional years. to deposit I any also bank of as or that smaller briefly ended the balance with to we small cash America amount the $XXX.X for Bank SVB cash we sheet, none Bank of Signature like restricted of cash, cash a the with Turning was fused as a note the banks, million. of equivalents and primary
to of $XX cash given to primarily a under the the the B the XX receivables low quarter. down quarter which cash million, balance we debt, million and also included this we in December our rise was case I XXXX. QX cash burn we a for in Loan on compared finished in extinguishment And retired at just of a matter as level discount, reduction XX, operating at the this gain September $XX approximately was debt cash Our the relatively payment is entering million due had Term levels $XX but million mentioned warranty to not which $X.X giving QX
receivable approximately quarter we balance for and $XX side strong is the QX prior more And up million, receivable of ended flow XXXX on a which from entered cash which the as well we than bodes with accounts XXXX. XX%
well the address B maturity December XXXX actively B debt, moved Term extend JP the with our And XXXX yet Looking in very has say sheet the we an of of I’m before working Loan down to turning and sheet, balance options end. year and to Morgan on team to this to see due topic is maturity this Term term complete engaged date. from our we Loan you'll Term JPM to covered as December pleased the we B, to had long talented Loan our as are extension of late banker, balance which explore
given to well but months maturity Morgan to working on it XXXX. about and again address QX, I away, we're also before want hard acknowledge current this is does that plan with concern going JP considerations, into nine question this quickly bring it
also the or that the and cash any reviewing many goals actively on and started company efficient profitability, financial results capital our we and And the prioritizing beyond, quarters. complete to press XXXX Jerry operating mentioned has ensure are cost over meet like transformation are and well-run in in exceed structure and past growth the XXXX to release, we as return focused we our profitability
Jerry So turn questions. to I some Jerry. the closing for with remarks will now back over call before that,
