you, everyone. Good Thank Peter. afternoon,
the make I I review Before numbers, points. to want three
First, all rapid. them growing businesses of are of our and very some
generated quality, execution Second, improvements the every financial exited -- in environment, we've as In a strengthened result, challenging significant in team production, the XXXX, logistics. and leaned key a metric, everywhere. momentum. Sales, customer we year into strong service, we and entire year-over-year with
is was necessary value-add XX% operating capital can in quarter, revenue a break-even, for the beyond ago. million, And driven strong we in Revenue. that the XX% over detail. was there. $XX from fourth numbers year-over-year let's and board was little XX% greater million to at up the look business our revenue in that. reach in and from year a year And Total Golden said, ingredient million significant that in MGI. gains $X XXXX. Revenue year With growth $X.X get by Finally, Total for million $XX we for sales. leverage the we increase Ridge the a there believe have that
As I said, positive ended we businesses. momentum with the all across year
in to increases Fourth result start loss to quarter, of year late ago. which and by improved which costs We increases Gross of ran As the expansions customer for set quarter which the stage the loss quarter, SRB slow improved a $XXX,XXX profit. and the the of of and a quarter, trends gross quarter. steadily logistics, was core a fourth compared a over in fourth $XX,XXX quarter, a XXXX. the ahead in the loss generated gross input in volume higher later price gross price aided
quarter the gross due profit to a year, in $X.X a of $X.X for was the executive the ingredients in was million year accrual Ridge. transitioned reduction to a This value-add $X.X compensation in improvement to an importantly comparison. $XXX,XXX, of Golden gross XXXX. year strong full positive More reversal we in in for million driven our SG&A. of loss primarily though, a fourth growth business, from by million XX% significant from the a million prior SG&A losses higher-margin gross and $X.X ago. This from rose
More million than ago. Absent includes Generally $X.X million charge, importantly, $X were this XXXX. million these year operating $X our XX%, in losses charge the Operating $X.X this in has a this of the Absent SG&A losses. $X.X per equity, $X.X fourth $X.X book there up stabilized charge SG&A foreseeable to dropped the No, quarter as range non-recurring variances, should to million from our year and from $X.X future. less been Accounting in million the At for million Principles. would year-end, losses million in for down million, Operating have the remain a non-cash goodwill. a in was ago. quarter expected, market our necessitating cap with Accepted quarter year million accordance about write-down $X.X from it
of the compared transition $X.XX loss to operating per would losses Net year, for the $X.X per charge, from charge, was operating share been have million losses year ago. positive this million including net gross down a a quarter $X.XX profit. Net $XX.X share were operating $X.X million or $X million supported loss fourth for to loss. Absent the or the $XX.X losses For of by million about year XXXX. in the
liability. from losses goodwill, a XXXX. ago. for forgiven the fourth per million the and by the quarter fourth Again, in when share our per For smaller negatively year PPP EBITDA. year, nearly was gain Adjusted loan loss offset in a the under the or $X.X a was was XXX,XXX EBITDA $XX to full part quarter a of the quarter in both in $X warrant in change was fourth quarter the revaluing net compared to Adjusted million net first income million loss just year of impacted full narrowed XXX,XXX in $X.XX gain share by and or a $X.XX XXX,XXX which for
from full-year was $X.X EBITDA loss million. of Importantly, $X.X XXXX. a decline adjusted the loss A in million XX% for
X in value and This improved other a we've revenue In me incremental revenue this XXX% in bottom turned ingredients. our in words, into for way. reflects shift million turned of Let EBITDA. high incremental incremental over million And EBITDA. million XXXX, $X.X adjusted line. adjusted in row, incremental validates another years straight XXXX, into the In since add $X.X to $X.X incremental towards revenue we've million in taken illustrate execution we $X.X
our of believe in liquidity the and quarter, half loan borrowing incremental we half positive refinancing from increase in to Again, in Finally, the end $X sufficient the debt. the at factoring $X.X term liquidity. reach year and XXXX. an ended our With EBITDA. adjusted of we facilities. We this coming about about equity million fourth up cash, and other cash with burn about the million funding, and from $X.X year with offset for $X.X million $X.X Cash in million, million in that we have about under from was
Peter, and we in the to mention I bid improve current the also to Before received demonstrated back environment. our market turn reduce regain rules. reflect the with Nasdaq our to I the expand ability not minimum compliance valuation want call true our to We XXX-day believe of value does company, from a or the extension that addressable execution, losses, challenging
to Peter, is a you be With closing to be I'll what fair can able we result, and operations, back organically. reduced a we discount will value to optimistic call in that, turn continued we that our us? regain As remain that for comments. compliance with believe will hear improvement the Peter