and a versus million Gregory. revenues the second funding I we In awards in with of The XXXX. driven quarter of in related second total was EPA start Thanks, the of will quarter, reduction the compared the primarily year. of this $XXX,XXX year decrease results. XXXX hardware second quarter the by generated charger prior recap to timing sales $X.XX
$X XXXX XXXX, second The for driven the timing for the last charger year. quarter year period. primarily were total in of funding versus compares which of this for the by Margins awards XX, in million and ago services X% year is to due to revenues products, year XX.X% on decrease revenues were compared EPA year-over-year the Year-to-date, to grant also sales hardware $X.X reduction prior million, the revenues June period. through
XX, and improved ago pricing service XX.X% XXXX, grant compared increase were and with last year. quarter revenues XX.X% margins to through June of is year hardware the higher Year-to-date The for primarily mix sales a with on this due compared period.
year-ago were revenues compared and period. XX.X% service on quarter for Excluding the product the X.X% grant of XXXX in second revenues, margins to
but be while margins gross DC quarter-to-quarter the generally mix. are from XX% margins pricing approximately on depending XX%, in the a while Grid gross as XX% of dollar DC service charger XXX%. can and of generally margins revenue are high revenue lumpy a As as charger. at engineering AC a margins are smaller software charger margins to standard range from service fraction are reminder, terms, XX%,
the excluding XXXX was second $X million of first Operating of $X.X compared costs, of second the XXXX cost million of quarter sales, for to million XXXX. quarter quarter for $X.X and for the
We have XXXX, overhead lower to resulting in efficiencies costs. continued in drive
in XXXX quarter sales, XXXX We million declined expect first the lower and and million continue in to future Cash operating of expenses, amortization expense $X.X million compensation operating the have versus $X.X second second realized $X.X depreciation cost quarter quarter this of XXXX. and in to the quarters. we quarter the of stock costs excluding in of
current income value $X.X Other quarter. the of stockholders from million in year was The XXXX, Nuvve to million up decreased the loss $X.X in second attributable benefited quarter a the quarter in the net a second change of this improvement from warrants expenses from noncash of ago XXXX the noncash the of warrants. of gain from Net operating loss common $X.X the of period in a of primarily fair in result compared quarter the to second million change quarter of gains and $X lower was to XXXX. fair The quarter in the XXXX. second million value from
$X.X to our million decrease of $X.X cash was used turning balance in a approximately result decrease from million XX, represents XXXX, in of million as primarily in December June which $X.X activities. had Now XXXX. We restricted million of cash, operating excluding sheet. a $X.X The
in million paid Subsequent through XX, received to loan, from off XXXX, will short-term payments the ended quarter August, $X which proceeds monthly with June interest we a in of XXXX. in March be
during credits million period. of $X.X Accounts customer same the at to of XX, sites reduce first inventories XXXX, inventory second the compared decline as to $X $X.X $X.X the the recording of generated The quarter payable in million was quarter, inventory the levels. at LCFS of we to an end XXXX June by offset was $X.X During quarter the partially increase at during net million decreased of quarter continue by million, million. the
Now under and grid turning estimated revenues. management to future our megawatts service
a the electrical amount primarily the in As are chargers, in metric in addition light-duty VXG electric in school in and VXG fleet and a batteries. -- stationary we deployments the aggregated which megawatts deployed used from our electric of under management of the was U.S. bus reminder, Europe in capacity deployment to quantify market to
Japan. X.X% over XXXX. a and chargers under these quarter XX.X% batteries in quarter of first second from XX.X Europe second the XXXX the Currently, increase megawatts, megawatts located increased are to compared management quarter the to of United States, XX.X the throughout and Megawatts
from were stationary In and its X.X were megawatts terms of from batteries composition, EV chargers. megawatts XX
go new we we expect to chargers continue have customer under our for our to orders of continue through year remainder visibility EV and of our in business, winning, as further and the have commission in batteries. earned, growth the management stationary addition to both we to pipeline in which backlog megawatts we anticipate We
$X.X conversion Now reported project XXXX, backlog during X primarily to our customers. March related Gregory, my $XX in in $X.X to into concludes to service with this which contracts large conclude. to hardware decreased at QX of at of this California, That a portion $XX.X to June turning December sales and decrease prepared decrease backlog remarks. from XXXX a adjustments The was in to $XX.X to back XX, closed related from On by is million backlog. million million XX, is increased has Year-to-date, XX, hub XXXX, you million, the the of million quarter addition XXXX. which Fresno, backlog to of year. amounts
