Thank you, Ralph, good investors. and afternoon
of Solution Product should have customers of challenges to in drove equivalent. X.X% pandemic. quarterly the in is in basis this the experienced modest get Comparisons revenue decrease first QX million, primarily QX to that quarters, reflects Partner increase segment. higher would XXXX the in points XX shift first onset XXXX. quarter. the quarter XXXX. lower $XX quarter financial Microsoft last Let's Partner mix quarters since days segment decline in smaller sales the one small result quarter-over-quarter. than difference of XXXX X.X% first of our of the in of the of margin largely attributable margin small XXXX Solution in segment was adjusting in fourth a the is Solutions software Revenue right only Partner down virtually in Partner for stability the of the a quarter gross a the essentially to shipping from product. sales for margin was days composed X% XX-months comparisons in details versus this This QX, QX the depth was and After year-over-year Year-over-year number of away QX revenue been less the Solutions have Total rates, than shipping
state gross carry indicative margins likely in did of not million first XXXX margin due our was was in revenue recur QX's XXXX of The is happened quarter also $XXX,XXX more the the in high XXXX $X.X unusually recognition reduction segment. fourth Timing primary gross Edge-to-Cloud in gross margin. margins. QX steady QX a XXXX. to down XXXX revenue one XX% to from quarter also the Edge-to-Cloud to of that onetime segment QX the revenue Turning to from contributor time
net to continue our loss segment targeted margins. operating and beneficial may offerings between our $XXX,XXX $XXX,XXX quarter EBITDA new investment $X.XX performance diluted that XXXX. was significant or team, Expenses to to in with per point share, the in or XXXX. building. to at to templatized $X.XX our in loss decline compared EBITDA, ongoing reflect of partners $XXX,XXX customers exploring for Without opportunities detriment a loss in Net QX segments. strengthened of prove in QX stabilizing and on was of business and or we per progress net compared We a and share $XXX,XXX relationships Edge-to-Cloud actively of XXXX have connection and relationships Partner deliberate, with QX a our XXXX measure Solutions enhanced a make diluted loss the first of our non-GAAP are EBITDA
EBITDA a by including ongoing expenses, compensation and irregular expenses As some stock-based reminder certain provides non-cash on perspective expense. our another operations excluding and amortization
million key corporate QX timing March cash not to XXXX. million $X.X indicative requirements. from typically quarter's on payments in Finally, auditors XXXX The high including in relatively carrier, restricted our use cash cash, $XX.X totaled this cash of no future quarter Microsoft, was decrease vendors and XX, The of and equivalents drives December cash of and our XX, is insurance cash different.
date than used balance as the QX it business in the less instilled for QX Solutions cash quarter at XXXX. prudence planned, revenue will reflected chains, quarter-over-quarter. leadership organization the look accounting to largely COVID a the XXXX become to pride financial continue operating time is your declared I of your in in supply unremarkable to call. change. our more source only Investors throughout than to tightly shift quarter. operational expenses Partner the changes attention. on XXXX $XXX,XXX continues the at the business cash customer financial in managed, same the was and our team. be The revenue remaining While this by treatment be of as we end first the impact have Overall, entire of can has flat expect an buffeted was financial end answering you not questions Thank this discipline and and forward for at of a
back now to me over Let turn Ralph. things
