And Dave. the you, on call. morning Thank everyone good to
you and sales in company's focus and As expect, might the velocity. highlights bookings is
in to quarters, coming create As freed sales has previous reported investment the growth. I have company in up the
experienced a trend. as timing a can summarized issue revenue the recurring as more company in be has that opposed a said, to That continuing decline
as the by new compared based timing on impacted been of has delayed timing has revenue had with impact prior a bookings XXXX the of revenue. year SaaS perpetual recurring year eValuator and Fiscal
an As legacy and point it new we for financial that recurring XXXX, inflection important the revenue. note to performance review has QX company solutions, between in specifically discussed previously is the
The legacy growth our company attrition solutions later will as business. the recognize revenues that year this for are to fiscal expected inflection recurring in exceed point new the in
of quarter's XX% As announced quarter performance compared XXXX, million, approximately generated regarding previous for and fiscal revenue release press last down year the of our and X% sequentially revenue from with quarter yesterday's as of second year. second approximately we half the down fiscal $X.X first in approximately
for revenues approximately same year down million, $XX.X approximately were first Total from of XXXX million in last XX% the period year. $XX.X half the fiscal
license the XXXX. fiscal perpetual less the revenue, to The $X.X than first first a as million transactions Absent X% of down significant of perpetual fiscal compared half fiscal of in approximately six XXXX. single XXXX revenues XXXX perpetual months year included was versus no year transaction
targets. second especially XXXX. quarterly the in bookings, and the our our of revenue underperformed recurring in of performance decline result year The XXXX is quarters fiscal have eValuator, during Until quarter, a previous XXXX our and quarter this fiscal bookings XXXX fiscal
our $X.X enough announced through million historical QX over of our $X.X attrition publicly target year million, million revenue from solutions. have have bookings QX and $X.X last in to quarter. per of revenue million, experienced $X of We recurring base legacy this actual million $X.X million the have $X generated to bookings in of The recurring grow we not our year
bookings can QX revenue contribution $X attrition pace return to help a of of the this our that million eValuator in growth But monthly and of top compounding effect with go-forward ahead. represents revenue the SaaS overcome line recurring of us years revenue
Projected top will eValuator pace at occur growth line solutions. low begin revenue over to as consistent, the expand will SaaS legacy XXXX percentage with the growth. this in an Again, expands double-digit accelerated
those online, existence perpetual increase expects revenue with company revenue and in of the The primarily bookings. QX quarters coming coming from revenue to the recurring ramp in clients reported eValuator the
approximately slightly Recurring were the XX% period revenues first year ahead same fiscal of this from XX% revenue of the slightly than of total of second first of for for the XXXX XX%. higher were the a XX%, quarter, year. revenues quarter half Recurring ago
now QX for of in in $X.X the adjusted last XXXX $XXX,XXX XXXX first from of in XX% as Moving up million $XXX,XXX fiscal months $X year. million the million, of Adjusted of and in last first of EBITDA. compared six year. XXXX QX year months to fiscal six $X.X EBITDA was generated fiscal We QX nearly with
lower our having regard the revenue. initiatives the impact we see savings the operations operations completed cost can positive One improvements from without year. in This to on last is a that
next able reported, operating company's As are can in revenues. costs quarters. for are operating range expected costs on a higher coming the maintained the that the be relevant expected be few the The previously to in quarters
$XXX,XXX full be costs XXXX. the in executive to expected fiscal costs for year the for experience CEO. with These did a of search We quarter second new transition associated are $XXX,XXX of the
CEO. fees, CEO as certain costs successfully transition not include transition to the recruiting retention do to not executives the operating interim bonuses These fixed include and costs and cost. our a for new These necessary agreement president key consulting paid fees it's executive incremental
Additionally, from the our with last to for and being XXXX our year-to-date fiscal repayments. and period $XXX,XXX higher term company expense software interest is the the quarter cost and and loan $XX,XXX $XXX,XXX Lower fiscal year. a of $XXX,XXX XXXX reported compared development capitalized principal lower second amounts for combination of of interest interest same of balances mandatory
loan The look and replace to continues to current credit revolving term company its facility.
lender. organizational their right the to allow the However, company's for to documents holders assent new preferred to protect the senior priority, giving a them
work time capital these find through continue As company will of the provide needs. in extended its credit go and capital long-term our all company work partners its the amendment fees filed financial XX-Q, The have The $XXX,XXX term. agreement all its to with XXXX the partners. the and senior our company's the solution up debt with current to through will will with extension with company to extension current natural our August to to to current with lender. lender cost were to its facility The if we amendment right with matters
in to now The non-cash and Turning comparable in amortization $X,XXX,XXX areas. depreciation compared periods XXXX $XXX,XXX company with prior-year. $XXX,XXX of $XXX,XXX XXXX the year-to-date other QX and recognized and of in
quarter recognized XXXX, The and and share-based company respectively. of compensation $XXX,XXX $XXX,XXX for second the fiscal XXXX also of
amortization due amortization company's and many The events. lower continue that should being a of the to will fully in depreciated. assets as noted result XXXX depreciation is and trend company's It be trending fiscal to down these depreciation
as and initiated board to of the the fiscal in higher of CEO. reported higher second of by executives retain the result as period ago XXXX to The is to continue year certain previous compared compensation the secure left the the quarters key from the vacancy levels. because interim share-based same compensation certain actions from will fiscal XXXX a a trend in remaining previous share-based CEO quarter of The
hand. million cash XXXX of due cash to fiscal balance Moving XXXX. XX, was the as with January it This where the trailing quarter down sheet The approximately balance of is is the sheet, $X.X from the in on amount $X.X on revenue. company's to we lower million finished
the reduce lower will pressure cash to on fiscal in continue structure However, the XXXX. cost
has Those specifically approximately always annual of and invoices certain year. The products year in late balance. early a February experienced are collected left company to each fall. and company $X The legacy cash legacy around million January following summer and its that cash November for seasonality months licenses the uses in the in products. What is company in of is
is development, This Beyond for second million our same solution, million ago. to for one operations, key new period $X.XXX software the functionality we $X.XXX eValuator. year in comparable XXXX, quarter the invested in client primarily
reported as previously were we we year much in as have XXXX. in invest that fiscal to not fiscal full XXXX We expecting invested the
is seeing eValuator. the the However, our opportunity to of features we opportunities marketplace, the we be The its in its smart believe expand sees to continue sales in given a are significant product that flagship to it investment velocity. and functionality company
capabilities as the dashboards, accelerate continue us professional functionality Continuing announced sales inpatient, settings our week as believe outpatient we of for as eValuator press to our last in help a the of fees expand to release, and will we success. improving well
flexibility the type and into both have of timing, spend. company we software, the continues The investments nature our make to with
loan, costs. the the company million $XXX,XXX During balance is net quarterly now of payment to its made the quarter, regular of its on financing term $X.X down which
was XXXX. In the the maintained outstanding at $X of revolver the company of end fiscal addition, million a revolver has $X a with capacity. There the million on quarter second
debt mandatory long-term to principal and the reasonable removing believes move. from load to a comparison The a a moving is to operations. have better strategic continues revolving its repayment very need term has it company that thereby facility in The credit to company a debt away believe
accomplish help the and of gain goal seek lender us this the to will right preferred shareholders. the approval We
credit of its When debt as sheet. are successful all single on the we would the refinancing in the a to balance debt carry facility, revolving current company
We XXXX. remain fiscal bullish on bookings full year for the
because recognized bookings of for revenue. the Likewise, these company's less occur in on we target we However, an year, bookings or licenses. impact perpetual our will fiscal is year later there at above company's full full-year believe the achieve
timing bookings, perpetual services and later license on Similar full-year to lower to impact of recognized those company's the perpetual eValuator the related licenses. related for revenue in to the fiscal year is services on
the to our want for I mind, revenue XXXX. at fiscal in and look in we be this recurring could fiscal eValuator give first provide where believe revised guidance With a year year
The for impact on and to the company's could impact timing our revenue $X million. by guidance of recognized the license bookings perpetual delayed both up eValuator full-year sales XXXX
to to Consequently, our prudent to $XX.X million guidance million lower range we of revenue to it is $XX.X $XX.X topline million believe from $XX.X million.
revising from $X.X $X.X our $X.X adjusted EBITDA for to $X to million projections are to for XXXX. million million million fiscal We
the lift our of That QX to growth said, $X.X potential eValuator of we and bookings in the are XXXX. sales million very encouraging signs revenue fiscal ongoing approximately pipeline bookings that return from in will
fully three is this eValuator $X modules and approximately inpatient revenue market new for clients, XX eValuator months, next is eValuator less projections It shows fiscal outpatient. of one-twentieth our a over the exiting additions for projection the a of next generated a fraction, with us conservative that two run important by recurring identified revenue the Our for of for million. than year rate – of note addressable at to
I have made call But during the before believe middle of great transition, in services solutions turn to revenue managing reiterate with we to to the remarks. my strides concludes on clients cycle. and That the wanted Tee, business the to that back this help focusing I I
the has realize in opportunity path we growth to to company do focused right full The can the on our and company's space. we and been tremendous on what potential. are accelerate our laser is products There for trajectory this
creation to the are increased rapidly prepared leverage revenue We and of flow future EBITDA cash and the accelerate business. for
Tee?
