year. I'll very We everyone. Thanks, an accelerating first Board, our XXXX. was of financial Brent. Hello, XXXX. and momentum results outlook the for QX off Total $XX.X capping strong our our last a QX year turn revenue performance then up from and in excellent quarter million, into to fourth XX% across summarize had
expectations. our $XXX.X For XX% revenue the million, year, to increased exceeding
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to Our backlog million, in a bookings strong deferred XX% by record overall $XXX and revenue increased execution. driven our
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Now on to profitability, another bright spot.
EBITDA in last year. from was adjusted $XX.X up QX XX% million, Our
target fourth EBITDA for XX% exceeding XX% margin annual adjusted Our financial straight the quarter revenue, of quarter. was goal of our second the in model
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cash We my be expenses our $XX non-GAAP increase and will three commentary, of to in compared over, strong largely then sequentially to approximately total quarter expenses expect balance driven quarter the QX collections. quarters. grow XXXX, our roughly fourth from at of operating slightly ended off million, the around XX% revenue. third To following our up cap by QX $XXX the million Operating
in $XX used EASE cash we added in for XXXX. nearly million of to the our acquisition Excluding sheet balance the cash QX,
weather sheet with near-term provide for strong continues both ample a foundation our uncertainty longer-term growth. to fuel market capital to balance liquidity Our business, and to our
now to guidance. Turning
consistent annual of with guidance uncertainty result new and we view of revenue. a investors While as we reinstituting our for as framework a improved in in bookings there navigate goal own plus Thus, from the deferred for in our sales new now what guidance backlog, currently this pandemic, as expect are higher associated the a customers bookings with visibility a our we is is dependent execution. the conditions XXXX. providing backlog supplies continue based visible of overall revenue year the business, that revenue to the market to of ongoing our markets still begin are revenue of of business challenges overall level the comprised This the revenue has year, on new us through our is on and deferred and XXXX. expect we amount These
innovation, efforts are somewhat million. with dynamics, to revenue visibility, higher uncertain million for improved growth XXXX, in $XXX planning sales balanced an expected of product the and we market range enhanced With $XXX with
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we As will result, a providing not guidance. be quarterly
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expect will $XX year. to the follow million million be is the half We between higher much second adjusted of our in expect and the EBITDA in adjusted EBITDA which it XXXX historical pattern in $XX and
the decrease the with XXXX, of full expect We These and success-based with EASE earnings costs to in the earn-out. costs of acquisition. associated mainly the year include due effect amortization associated to intangibles expense GAAP the
one-time with was tax acquisition will XXXX. a in Additionally, our associated $X benefit million results XXXX recur and included that the QX, not in GAAP
lower anticipate interest also market. income in less rates our on interest the from We cash,
as expectations to The to QX, be healthy with once and again growth. is earnings by we expands. a year, prior XXXX optimism GAAP we forward above of However, lot momentum our the business growing and our revenue expect look of for
strong with value customer in a and loyal We expanding have base. unique market, a proposition our and
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and pipeline future. foundation I'll customer revenue, for revenue recurring a growth backlog call Our sales the Brent. a strong back along the with in and in now solid healthy deferred loyal to base, provide turn
