Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Bill Quirk with Piper Jaffray.
Bill Quirk - Piper Jaffray
Good afternoon.
Joe Kiani
Hi, Bill.
Mark de Raad
Hi, Bill.
Bill Quirk - Piper Jaffray
First off, Joe, thanks for all the color certainly around everything is going around vis-à-vis the economy and in your business. You expressed a lot of optimism about growing the business sequentially here both for 3Q and 4Q, but also mentioned that obviously there is a – there at least was in the second quarter a bit of an inventory issue at the hospital level, how confident are you that that levels have been worked down to where the end user feels comfortable with that, what mechanisms are you looking at in terms of being able to track that, if you could just add a little bit color there?
Joe Kiani
Sure, Bill. We have looked at not only what is in the inventory of our just-in-time distributors, but we’ve also looked at the sales it had in our top US hospitals in terms of sensor sales. And first of all, we’ve noticed on the just-in-time distributors for the most part a dramatic reduction in the inventory compared to Q1.
Secondly, what we have noticed is in Q2, while some of our US hospital customers had lower sensor purposes from us, Q1 was higher. And when we averaged the two together, we kind of gotten into the same historic numbers that they have with us a year ago. So it’s really those two factors along with of course the first $30 million in this quarter that makes us believe that perhaps the worst is behind us.
Bill Quirk - Piper Jaffray
Okay. Very good. And then just a quick hemoglobin question, if you are willing to give us a number that would be great, if not, can you comment a little bit about the sequential growth that it perhaps stay at the same pace that we saw 1Q over 4Q?
Joe Kiani
Yes, the pace was the same with revenue wise. What changed that was I think maybe more dramatic was the amount of I guess the pipeline for us at the new quotations being given to customers worldwide. And that seemed to have doubled since last quarter and we will have to see in the next quarter whether that pace will continue giving that it may have again been due to pent up demand given that we released the product on March 23rd.
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