morning. quarter the XXXX. fourth of financial start reporting financial XXXX will All Bobby, we've and and changes the the right, financial impact for share our you, our highlights good outlook thank made I'll the speak quarter then to operational how and with first beginning in for
going period same year. last comparisons Unless are be to otherwise the against noted, of
XX.X million. million from Our revenues million, operating million up income operating were per an loss share of a and X%, and $X.XX X.X share income EBITDA and from up per adjusted was was net from X.X was of up was XX%. of loss Net $X.XX loss X.X was a were EPS X.X up million million. up XX.X
fourth company. be accounted a of shares fully year. a lower that personally As income CEO, in by compared net included to the to X.X with And contribution operating income transaction for of expense year's CEO. as this quarter reminder, was over through XXXX this this being quarter associated owned compensation our personally compensation of million And and a from last resulted requires despite funded to stock GAAP our employees facilitated year's a last fourth quick stock grant expense in
So back let's now financial our results. go to
compared Revenues than million Our and X%. solutions and and year subscription were X% revenue workforce X% lower the in were rate less revenues After million XX were last XX.X finished of from up the were up by solutions a growth the revenues from revenues X% were consolidated an impacted we provider service overall solutions professional with delivering half second of half. of in by while to rate X%. increased growth first year, provider
our would sales, learning year. last acquisition, of a adjusting improvement. been revenue the along year development Gross last the XX.X% also to steady XX.X% was and CEO with accounting new gross compared year contributed for A impact grant mid-year treatment, to from year for have After margins solutions, of progression over XX.X%. from stock this margin particularly
the the compensation expenses or were costs mentioned last employees, I which quarter million flat, Operating of of excluding from grants included portion fourth stock year's X.X stock expense CEO, earlier. revenues although the
reduction in G&A. reductions expense, marketing we sales, compensation product in year-over-year offset Aside mostly stock and from increases by experienced were in development the expenses, which
height Sales commissions expenses sales due combination increased a and related to pandemic. marketing the of the sales higher X%, level of of by to increased growth versus levels, travel staffing higher bookings, and a and
we expect fourth year, travel trend up expenses approximated $XXX,XXX this have to several in over upwards continue compared Our still was XXX,XXX under year. been And in increasing quarter business million just for the quarters. approximately X of and last travel past full quarter, they to And the to the travel steadily XXXX.
during our made we've fourth quarter in large higher sales key last some the in wins, an of contracts quarter. year. marketing sales improvement that notably of fourth to including portfolio and had in than bookings were resulted the investments quarters the three they several The We year's first And compared our applications. multiyear across
cycle deals the revenue our specifically scheduling a of time Some enterprise learning the than larger generation to applications. for credentialing, typically have applications longer and
software investment materialize XX%, infrastructure our prior net increased development we including related came X.X facilities, Product So strategy and development. labor costs in resulting suite recruiting expenses quarter towards costs of later of areas by which charges, will debt our over costs. from in reductions is approximately expect the from labor by into reductions single and applications. capitalized administrative subscriptions the Generally, X%, bad to revenues services, platform other for which leased capitalized several begin these declined and XXXX. million office lower outside increased in And are
market mentioned about underway. for national is decided of that And process sublease, space we quarter, our and last headquarters this in to still the I X/X
XX% Our XX.X% at EBITDA was fourth and year. about year's EBITDA XX.X%, to over compared adjusted it was margin adjusted last XX.X in last came quarter, million,
million fourth We this million and over cash repurchases million XX%. DSY was balances deployed and XX cash million expenditures, operations move to the days sheet Let's last not flows XX%, the year, were XX.X. metrics. from free investment any the XX were share quarter with And And And days XX.X XX.X up up for were cash during compared to X.X were full to year. to quarter. XX we have last did ended flows the capital year balance of compared last compared we million year. quarter, cash XX.X for
acquired cash million based price a was adjustments for of for organizations. consideration subject and Carolina On We The substantially XXXX. education continuing eeds of we paid all a January. of eeds, in approximately X assets offering the consisted purchase system consideration occurred December in transfer customary the healthcare management healthcare company, base technology North to XX SaaS a
of combination internally, returning businesses that returning a our history, shareholders to value means acquiring we yesterday, our included investing our allocation share In model capital shareholders. announced to and repurchases. approach has through introduced fit of our complementary as And, value another
policy Our invest Directors which provides consistent in Board cash of to intend growth profitable adopted cash a steady dividend via us common our to both of with our the quarterly and under return cash believe to stock. along and We the growth on dividends, shareholders opportunity while dividend history to inorganic we flows initiatives. organic value pay positive continuing
be board quarterly XX, XX, per share, will record XXXX. of April XXXX, declared as payable of of to The shareholders $X.XXX on a April dividend which
next terminated we towards share. any since expires at an earlier $XX.XX X.X month, million under our we deployed repurchases this of repurchases mentioned, already I per As there's approximately plan, quarter, XX company. have it And XXXX, have price was million over the current and by share remaining share not which average did
guidance over move let's to Now, expectations for our XXXX.
between million. and between million range range EBITDA Adjusted and million. XXX XX.X XX We million to capital XX.X expect expenditures expected XXX.X consolidated XX to to between million is are and and expected revenues million range
any Our X.X the complete acquisitions during that X.X year for million the may guidance eats, does expected revenue year. million to which during is the reflect not that we of to include acquisition does of recently completed assumptions between contribute
growth. the revenue for solutions per our and opportunities the We and workforce objectives base, growing positions across cross-sell and ecosystem hStream number believe growth our subscriber platform. of include customer subscriptions for continued to Our centric as generating upsell well our increasing expansion of
most anticipate needs we training, our that the application learning combined compliance, with the and customers' performance. offerings education a in of year of array solid content With industry, healthcare cost-effective for another address adopted continuing wide
specifically for products is customers within application and In addition, migrating priority legacy a solutions, it from SaaS scheduling top credentialing our growth. be will to another our suite driver
to consistent which with for We XX%. maintain our of expect mid margin year, the our is objective to XX% XX% gross medium-term in range the
suite, at investment sales our we somewhat assumptions, meaningful increase platform these footprint, expenditures portion stabilizing in and our in suites. We marketing over several teams. investments A learning looking single our our professional investments development, while strategy, years our expect modest level capitalized scheduling for relative expanding areas Now XXXX. of application our associated to expense our the and investments towards over application we've development. has capital years, been and software our by incremental And business made scale to past with the credentialing the plan product
We expect will the this allocation similar. be year
I in As on year. approximately mentioned a XXXX to travel basis $X to and increase for million they're earlier, the costs up are year-over-year gradually expected full
the we yesterday, costs in to the guidance And by has been with anticipate to relates quarter as addition, In approximately to will taken which severance inflationary impacted into persist. record being certain changes it provided. the be first charges we XXX,XXX, announced continue organizational the of that expect we account conditions
our that with anticipate increase of to adjusted will to range, forecasted XX%. also the margin XX medium-term our is We which objective EBITDA XX% consistent
We I And are be expect expand program changes tax research to M&A of expenditures income product our in development expect cash history our for that our to between treated some drive and tax our I XX would like will have growth also long XX%. how XXXX. And also note a during effective payments recent given that purposes, and tax increase and portfolio. leveraging to we rate
healthcare that administration. out we XXXX, unique eeds to two round solutions during of more and set And CME are companies, acquire CloudCME to a
pursue disciplined during cash investor one remain day our highlighted valuation will that through is a allocation the revolving we year, positioned healthy capital and million With last free credit appropriate no we we'll well fit the are to believe our flows and an right to to of at growth return. our As strategy our facility debt, we opportunities order a strategies cash M&A presentation position, in $XX find year. to support create for strategic access
begin repeated XXXX have Now, in to under and management serve our we over it in as appeared including hStream, applications year. foundation turning portion single annual enabling reads, entire already and Form will their common and on to other since, each technology platform manage our our known more improve we to something discussion periodic back it proposition, this our the completely time which report highlight XX-K, a began want to before It value powerful this outcomes. provide by in it our are we Bobby, applications, reports for strategy that I last the will to we businesses through to read first their of in and platform empower leverage particular. more part effectively the a unifying want process filing a in enterprise company that efficiently as to you customers believe that and analysis of quarterly the the standalone
multiple solutions orienting single provider and platform, of in current our and or report technology in reporting the workforce this obsolete between company's less business. even distinctions may segments achieve of relation As applicable become terms we to goal how of operate we applications on a solutions continue to
in recently excerpt read the Health including technology, you we last our as investor subscription talk board, our single our year. this February in company, we we've And say are and and I earlier, across you an heard way in of about Now began on are and performance aligned whereas is terms filings of inflection more operations, accounting, reflected September platform day for point allocation. count reached as XXXX, run One now our operations the reporting that from our Bobby call compensation, operating we our because It organizational vision us with Stream, business and in you've that structure, of resource today, something celebrate heard the is assessment, since hStream fact. a
be to company segment basis. XXXX provided begin the single will segment workforce two reflect outlook a it's To from results we segments, X operate provided platform solutions be The that From and on one forward, now results necessary and periods our on solutions. prior a given ourselves as operate basis a and way, will we in financial reporting accordingly. organize provider
those generated. period, the results During were
approach our platform may that report insight and in we to it's growth. single order you new advances, look our metrics business to give As we forward determining into
With that, to I will wrap up to it thanks and and morning say this I'll time want turn for over your Bobby. back
