Question-and-Answer Session
Operator
Well, ladies and gentlemen, we'll new begin the question-and-answer session. (Operator Instructions) Your first question comes from Casey Slevin with CJS Securities. Please go ahead.
Casey Slevin
Good morning Dan and Barry. Congratulations on the great end to the year. Your revenues were quite strong in Q4 and the high end of guidance for 2007, do you attribute this primarily to the increase in the number of platforms, a little bit of pricing, or just some sort of combination with both?
Dan Coker
I think it was actually a little bit more of higher volume, but from the platforms that we're on. There were couple of things that happened during the year that we found very positive. Two things in particular come to mind, the Lincoln MKZ and followed later by the Lincoln MKX, both had very high take rates for us and our product in the low 80s. They both made the decision that since the take rates were so high and the demands from the consumers were so high, that they would just make our product a standard feature. So, that joins a fairly small number of our customers that offer our product as a standard feature, but it's kind of the beginning of the convergence of our product becoming expected on certainly the high end luxury models. And, we saw that on a couple of places where the take rates have proven to some of our customers that it's a good idea to go ahead and include this in some of their bundled high-end luxury if not making them a standard feature across the board.
And, to your direct question, yes we saw some very good solid strength that we were a little hesitant to completely re-correct our guidance based upon the market uncertainties. So, we were very pleased the way things worked out.
Casey Slevin
That's great. And, can you just visit the gross margin improvement and provide a little bit more detail there and also comment on your outlook going forward for that?
Dan Coker
Hi Barry
Barry Steele
Yes. Again, in the fourth quarter you saw spike in our gross margin percent and it's driven primarily by product mix from component-to-component-to-component. There are different margins that are sort of build in so they had a good affect for the quarter. But going forward we are still suggesting that of the low 30 range is really what's appropriate and what we will see as we go into 2008. There was also some fixed cost coverage that benefitted us and that'll help in future periods as well.
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