Thank and today XXXX our you, year you to all for discuss thank second quarter results. Robert, joining call fiscal our financial
quarter the was Revenue million. for $X.X second
timing ongoing quarter-over-quarter calls, of mature to anticipated our and we with on to quarter. the production, and revenue reorders however, increase was between down consistent second due in the exit discussed XX% As of the for Also customer year-over-year programs. quarter the first differences recent discussions, certain new compared this introduction is recent programs customer
the in our expected we in from to is This our year, rates year. run with will to expand quarterly profitability as second the line and production, of engineering continue as expectations pipeline programs the record fiscal and see move engineering that overall with by of revenues end higher half the we new
was quarter the to program new over Production part X Engineering of for revenue defense of up supported for in sequentially. the by the addition introduction XX% the production for senior XX% engineers started who the X% production. quarter revenue $X.X revenue second a was quarter This the a aerospace in ago same increase up compared million, increase the by and an mainly quarter. million, first to driven was quarter year up revenue, during quarter $X.X engineering
of high our the grow engineering We to continue team to for recruit services. aggressively technical our advantage to demand take
in in QX despite revenue the QX. to close relatively of that from decreased Gross margins increase QX, adjusted loss in an resulting QX to EBITDA
underlying second reduced appropriate causes of the in As have the margin quarter we margin to are the steps Wayne second in taken gross will discuss of half and we recover in XXXX. the fiscal understand detail, confident more
fiscal Overall, the we continue the for to anticipate strong engineering year. growing production revenues of and remainder revenues
pointed anticipated fiscal we pipeline supports is potential with future have engineering in indicator out gross expected revenue beyond. our the good before, in production and revenue. second in increases a positive for of improvements the half strong As optimism our combined margin These of EBITDA XXXX
that of of the are I to I from move to confidence production is market these that likely our market long-term or support products, the will about the talk but in want important context and also we not for growth. third major some in programs to expect new only to part that these programs This justify potential highlight of us for of segments a growth want sequential the a a same and drive will they our into to success minutes the year to quarters. of. fourth capture also to segments that this the new few take we'll have programs, the revenue couple moved put
examples production micro-optics the otoscopy laparoscopy in as proprietary program used new digital engineering restarted as otoscopy, other programs well that third endoscopes imaging robotic and POC's recently The quarter utilize that subassembly our technology. begin complex cystoscopy a imaging will and sinoscopy the hold, are pandemic induced of currently for pipeline after production that good in
quarters restart us The with otoscopy associated limited ago restarted of a critical component. few production issues complex program their highly been has a by inability but by supplier's X was to
from with to ultimately approximately have dollars $XXX,XXX half We per the thousand over the $XXX,XXX this underlying quarter. the run we of much With of the this resolved, the half X in worked issue last this believe will quarter. rate with $XXX,XXX from a in fourth have We this customer hundred second expect in over months coming increase of to few of chain supply and issues. now to this year into the a believe program the first year, resolved supplier we revenue settle
to announced the program in first approximately this the this that second during quarter. for a a laparoscopy order per is to in category the contributing program production is system. for of production from high-level the build product $XXX,XXX $XXX,XXX transitioned of product begin at in to we expected third This The rate the run receipt subassembly quarter engineering production revenue November and to the second We quarter. robotic
well Both incorporated the cameras more of programs lens, design, the endoscope coherent sizes are and body migration required or manufacture micro engineering itself. examples endoscopes incorporated small of optical to compete the the areas combined systems, and X positions complex system, and endoscopes. last of next-generation device rod design endoscope to great technologies along The particularly these the of at to to POC capabilities imaging at medical of part from the in for of the utilizing the years electrical that with bundles into in small image market sensors CMOS-based required the relays to XX fiber large external us that CMOS digital of over designs capability use requires the endoscopes traditional
annual more market POC's is colonoscopy, overall rate are procedures mature dominated XX% that with the that areas and complex endoscope. to imaging arthroscopy. mechanical were difficult technology suited X% laparoscopy medical and the robotic access embedded an sizes well is need The of required suited technology of for extremely disciplines required for and historically of growth use endoscope because The and as digital of products interfaces for optical small in as parts relevant custom systems for electronic to traditional micro-optics the CMOS approach failing by endoscopically ideally to POC's nonrobotic that body. the is the complex imagers as well such also
satisfy we Since that in in than allow rate believe sensors today, more of the double microoptics areas opportunities we is recently have of overall programs growth engineering this we the these demand and of level have advances market solidly Today, segments digits. we considerably seen supports for in than higher general area with our CMOS more in these team. the of The endoscopy new and that innovation current this conclusion. in can the
the move segment endoscopy. engineering from of production is additional programs microoptics fall latter the the the into to year and our fiscal the that of this endoscope are pipeline that of sensors of An CMOS requires this use to scheduled half area of single-use Two in market category.
discussed calls, guarantee the the of surgeon brand-new virtual from inventory have elimination hospital, and by of for cross traditional have importantly, every procedure endoscopes, of over on possibility the single-use including endoscopes control contamination earlier quality ease we image another. reusable the to benefits many of patient As and one
years, we consistent have few market the grown of significantly This trends, is overall is rates in higher between with endoscopy at growth that for of currently single-use growing of last which opportunities endoscopy number the indicate we the market area from in a XX% Over general. and XX%, that annual new than and evaluating. received this we programs have single-use customers are dramatically, number has inquiries
want calls, X update. have single-use I provide into here, so won't I earlier We go our do a detail to discussed brief in programs but
The to XXXX. first we essentially of This is FDA or to the the to in our delays fourth of has and quarter for for programs an ophthalmic submission production. the is begin customers fiscal this their these moved ready start program now in fiscal Due year quarter phase transfer through to POC of application. of XXX(k) expect a first production
by royalties is our to for then continue of production transferred, one on expect after to production our so believe customers' If or customers. transfer manufactured would We and may we units which year receive sold production a facilities. we
been The fourth X to earlier these of it to last the ready than more become in program we this programs, pipeline the our direction has than production be project opposite production quarters, of customer largest and expected. in previously it engineering after second launch quarter the that of moved expect will our quickly program. we our has pushing cystoscope, year fiscal single-use us largest launches, had months with This for the couple
combined is reason experience for optimism we products a for accelerating may strong Therefore, major engineering a system. product a market have source many drive these growth for us substantial device in team X a has replacement coming the years and This to come. will of this The to single-use good continue support confidence gained ongoing growth our gives years. larger product through that be reusable with us the within robotic and single-use growth product of sales programs, for of that
revenue, by least year. per for the This approximately have orders that production follow-on and announced to of defense receipt a we this we in fiscal with end orders million $X.X received at at production to quarter deliveries an fourth the we to months. XX additional quarter. orders approximately began second continue quarter production in $XXX,XXX additional the to the are expect and Since fiscal ramp quarter this customer contributed least announcement, program, we extend second to for October, through new program of discussions which of this the In through year, program aerospace
aerospace quarter historic second also expected revenue for increase to Our program contributed third and defense in to the is quarter. revenue
for state customer we support $X Our of indicated to steady in on the orders months expect production rate this should coming order program per follow-on million year. has the a
As second these new quarter, resources. the we've to in investing reps have recent main been some medical significantly experience on well. our we And in aerospace added today sales calls, we the have defense I'm the device as reps. report is market, while in happy our new focus in still of sales market that discussed X both
value. would a better of defense identify market. have size in this understand those Given growth have areas greatest to which we of few with technology to an aerospace potential segments and the our success programs, effort and POC's initiated different unique the
We have evaluate to hired internal consider. outside the created to working consultant promising an most submarkets and an group
are expand are overall and capabilities POC's targeting developing that optical traditional the rely still better next-generation X% suited in systems To of XX% to while technology. to rate the that growth segments range, further, on is
some segments by have identified represented that programs. already alignment, current are high-precision production microoptics We our of and/or which X require
and POC weapons weapons rates, They efforts. aerial of communications, constellations. sales among satellite making satellite Each especially directed marketing them or at annual these targets segments are double-digit for and energy vehicles unmanned drones, expanding or future growth is ideal laser
more clear already more just deliberate the approach defense unique starting there look more are are updates market we calls. to for -- capabilities. way, opportunities a POC's it on that While aerospace on initiative are there this that forward is to I in future providing
move to we anticipated the programs our infrastructure. few next evaluate begun manufacturing critically to quarters, of number large in a production to have With
manufacturing approaches to requirements our potential search to for will support that space, both us a longer-term expand objectives. capacity for a and near-term are considering further facility various growth allow optimize new and to including manufacturing We satisfy our
We are production. the considering also need programs refill carefully as engineering the move to pipeline to
medical believe industry device With understanding are well. technologies confirms to we our the POC's aerospace in opportunities of market, segments unique defense Our are that rates. experience our high market in there are that belief the growth ideally that of marketplace more increasing the suited as experiencing
By our and resources pipeline sales continuing and potential but trend At to production production. have we quality we revenues, confident opportunity our to revenue of new downs specific timing and XXXX our moving fiscal we of beyond. will engineering ups of out high and to size, quantity remainder move support increasing in have clear given of and expand are continue of grow the some even the in today, the can customers as programs to is cause quarterly programs towards in the and plenty
Wayne financial make call to will a the to review questions. closing in before I'll then the few comments now turn I over detail. results more Wayne?
