in had your entire GAAP financial well though approximately growth the income, down reference EBITDA A the in is $XX.X quarter full net appreciate the EBITDA adjusted its that afternoon. measures up Jeff. The ago. competitor. margin. to dive to year work revenue our to from that commentary was $XX basis was million fiscal positioned quarter XXXX X% same quarter corresponding the and my the adjusted and With to I in second Total million million, telematics non-GAAP quarter SaaS-based earnings to reconciliation that, the recurring prior availability release $XX.X to our product a of these sequential in approximately with year million basis the you, from and in team. second of acceleration the measures I closest quarter second this CalAmp a issued as Today, attributable the kind to as International non-GAAP conversions announcing support I the increase or well Company transformation include and the the is time continue you words Telematics in for totaled let's included numbers. quarter demand adjusted XX% with of customer of believe was $XX.X leading Products. revenue customer subscription the contracts revenues. revenue of of the into Thank measures fulfillment will press XX% mainly total
Services from to period $XX.X million, year XX% It's revenue. upgrades of our of Services quarter X% year-over-year XG representing sequential Subscription to Software in a to and the prior sequentially progress Subscription with large growth converting subscription equipment reflects in current XX% instructive customers we're customer, did and approximately which to Software recurring and associated not revenue for XG the device eligible that making in up recur was the was year Both million the approximately year. revenues prior $X.X and business contracts. consolidated the telematics mention
end over quarter, device convert As total remaining of by to of we've the the fiscal our and eligible customers XX% converted our of the year. end expect the telematics customers just of second
in in business, X% from Software $XXX performance decline in our the of quarter a In of for XX% remaining Services quarter Subscription the a $XXX performance but to obligations and metrics prior million compared up same second year $XXX was the terms ago. quarter, million million, approximately
to million fiscal this recognize XX% $XX obligations expect year. performance over approximately the We or during the of remainder of
which to XX% base our second year-over-year. XX% X% quarter, subscriber year-over-year a and represented sequentially the increased decrease X.X $XX.X increase sequentially revenue million, and the in was XX% During Telematics Products million. a quarter
segment, second prior compared in $XX.X quarter, products totaled the and $XX.X in quarter year the revenue million Within million the Telematics in Products reporting the same a to OEM ago. quarter $XX.X million
$X.X the largest Our million in year from revenue million million for of was represented which last same but $XX $XX.X the a quarter, down ago. from quarter, customer quarter up
revenue the pressure quarter by margin to cycle. margin the XX.X% costs be from product XX.X% logistics to and XX.X% customers Our prior our Gross compared XG gross the backlog in to an to this increases quarter was the we've with ago. one margin under yet to Contributing the increasing Consolidated a last high in solid. remains second continues was quarter the with in price to same increase offset fully to and largest associated have of year be in customer year date. due that XG upgrade implemented gross
of revenues and expect We fiscal lesser improve as extent, mix. result to gross over margin increased year of a favorable the slightly a product to remainder this
drive basis operating changes quarter in to sales on our our resulting Second sales an services. by subscription compensation force composition of the sequentially, increased expenses telematics absolute to from costs due non-GAAP dollar increased for primarily X%
of and last in by expenses or the the in an remains quarter absolute an adjusted the dollar year, to on increase $X.X quarter our general quarter million $X.X administrative the in X% year. the operating focus expenses, quarter X% the in the in second million and quarter. principally ahead. decreased Second attributable in decrease margin prior a revenue higher sequential was G&A driven X% reducing compared over $X.X was with expenses in non-GAAP second EBITDA quarter prior basis in margin Adjusted to of by a EBITDA adjusted same million XX% quarters The on EBITDA
million over matter as cash we attributable unbilled cash of supply billings services deferred for consistent In of to compared as arrangements cash result reduction receivables. at telematics Omega settlement free eligible to terms subscription total subscription $XX last of of the deferred and conversion with legal revenue combined of billing payment due The X/X under well of some constraints $XX due with in end our overall billings or of to The and cash expenses lower period. discussed quarter. the provision an for the increase equivalents total quarter, liquidity from to sequential resulting flows equivalents device cash in cash approximately multiyear operating in customers cycle quarter last as the position, our upfront multiyear conversion the a decline of and second the The outlays the devices coupled are levels subscription million a is deferred cash arrangements. the to had extends
borrowings At was we credit under on based and to us eligible no give as added asset-based revolving receivable Bank million. facility outstanding capital. the XX, this inventory $XX with $XX to there working of quarter, accounts line a total flexibility PNC relates it the were capacity borrowing and During executed new August million
availability transformation credit XX support with months. and our liquidity our in growth revolving to Additionally, and the we credit, facility. cash and under our believe that coupled with were revolving adequate on next And our provide the we equivalents, this cash covenants of compliance over line current
structure. be should noted outstanding convertible debt we our evaluating senior including aggregate optimize approximately visibility quarterly due quarter the million, are XXXX. product is maintaining its to always not policy our Our to Company guidance is that assess. X% to $XXX difficult the capital for the into of In shipments notes as accurately It ways remains million reference outlook third of August providing XXXX, of $XXX
revenue expect sequential call comments up With call final third before to I'll However, we percentage low- achieve your for provide over to growth mid-single-digit to questions. in back we Jeff? the some the the do to turn quarter. Jeff that, open