us go do And within year the changes the than and highlights, XX-K we get Stan, a the understand I and to and a appreciate through as extension the made last that detailed. you period. did filed complexion the the everyone. XX-K little later normal complex today. want certainly but that the XX-K you'll tell I we think during the complexity you the joining Friday, happened pretty welcome, and I that more Thanks, little
as any Stan having XXXX in suffered to because segment, break went particular, dependent make the event, the And XXXX and COVID and together, that. we all business be law proven video and areas in mentioned, upon to enforcement of Board not the to we we and it and has So measure difficult to that. that as channel and uncertainties into it enforcement decided I some and law where through -- certain the got and it's needed the transform the changes, Stan into
newer we and money, in order accomplish do some both capital we had So early especially we video it very traditional law areas favorable expand into and for XXXX, lines. beyond maybe new that. expand had foremost, And capital to think February, raising markets wanted in given to early segment to necessary of enforcement in to was for level and that, to I the plan that us, expertise into our the we some were business felt raise and the understanding. But first January,
a registered those raise January, to X we a roughly offerings. in of offerings, million in So direct share were able each amount money $X in $XX.X substantial about
expand raised to necessary a we platform to undertaken for business that our expand XXXX. capital foremost, and our the we had first strategy So achieve and
do and we had well, on law was, to the change the dependent to piece second some it was The area. where business acquisitions not enforcement
Healthcare. formed we was did we thing first Ally The Digital
going, business experience what looking group but but fairly they that -- industry good good the business XX%, had were and majority in a owner, going private to fit with business for. That expand a medical strategy. their are roll-up another needed has we a We vast had capital billing a
Healthcare. in invested Digital we so And Ally
a have preferred well as ownership there as We joint XX% return of venture. the
And The billing and described very so-called for we've that or medical there's as industry. it a the lot medical a of strategy before, are to is roll-up transition billing industry, and in reason. has out the of get trying whatever or mom retire pops fragmented, undertaken business
that they've had Healthcare Digital we a gone So to that around acquire we Ally -- group and template kind of businesses. this in developed used included
The And roughly template basic and annual revenues to Xx tenet acquisition and is has appealing that Xx annual to very effective pay of EBITDA. proven targets. that be
space, X completed medical little we X those we'll a results billing that then later here. of and $X.X in million the XXXX, the of go during So total acquisitions acquisitions, paid for over
do The everybody the primary second is Tickets similar bit brokered to to Ticketmaster in of approach called or was a business so how winkle market have Vivid and a It did SeatGeek. very that of -- sponsorships little use I forth. think the is we TicketSmarter.com. and and they area acquisition so do or service or company ticketing acquisition -- online a that. probably But a similar they and It's on
very with expect, were was restricted, for in, year very very all a solid doing business, good -- to speak. a most might difficult were XXXX were COVID, the they so TicketSmarter. very solid banned. hit a year XXXX point, canceled, business, that private out, events growing But if not you Up As until numbers, company, year gatherings
year devastating very a as TicketSmarter a private for company. was XXXX
for lucrative necessary whom with I some business We got get to acquisition, attractive feet the to and TicketSmarter get sides. back and to met and able Stan the time, known Stan principals on has actually, the a and we purchase were again we've quite then for capital in both So the moving price. provided negotiate fairly
stock we September million and TicketSmarter So $X.X acquired cash on X, XXXX. of
XXXX. left for And months EBITDA short-term period, into earnout lockdowns restricted, roughly earnout It the all earnout $X.X determined an on that. back went and in potential were was hit the So remember, gatherings were many the enforced and million. Omicron November, time you of of masks if -- was during states a that year. be XXXX, There also variant of X annual a to December
of quarter XXXX have fourth quarter holidays, what me the normally It's let the fourth The back up. it's business. it's quarter is bull a for football the -- and ticketing largest you. So season, is
earnout it was the the to the towards weighted not the where hit, and So And X. behold to revenues bottom it the last that written revenues. and variant heavily Omicron was point off and quarter earnout was owned, line of impacted dramatically lo
time. in sellers, obviously. fortunate earnout of during because was TicketSmarter So for for of of $X.X bought the stock. a the Unfortunate total None the we, us, in earned that hit fact, that and for cash million variant
paid we of So $X.X total a million.
you acquisition or $XXX,XXX. if for $XX.X us look XX/XX, from on basis EBITDA time revenue. But $XXX,XXX of a at in million and combined It consolidated generated of a of it the to had net what income did TicketSmarter operating a
impacted I'm And annualized So how would was The million and remember, $XX understand not that, Xx if over of revenue X by negatively million, do you those for annualized we saying if paid little very you for annualize it it, $X.X but was what be EBITDA earned. annualized EBITDA you good those there. actually roughly a an that's figures, annualize COVID. metrics
acquisition. happy Board with So very that Stan I and are think the
COVID place But anything strategies have Hopefully, for a XXXX that, good or the we acquisition. business strong they've happy very XXXX We our operating that that -- in don't They're and management with and have and of recurrence variant got impacts dramatically team plans beyond. beyond. a in like there. business great we're
medical net in segment operating at the at the and only total you of look information TicketSmarter months revenues more the revenues year-over-year. to wants in it, contributed that have though consolidated of But doubled it the the revenues. basis, The results, If but our But segment X% the billing revenue generated ticketing was it. XX% cycle on we segment, of XX% than part XXXX, generated for X group everyone of annual look or our management XX-K revenues. segment looking it even at an for the
acquisitions business, I and video Shield plus both the were is generated the in video commercial XXXX. which the law second of products our first revenue. And consolidated of and solutions legacy And then XX% think line, quarter the
significantly transformed the standpoint. we've So revenue business from a
segment at of in some in That excess some will was segment. more bounce gross inventory because little solutions beyond in took believe was Now larger such. some XX% But and back margins we XXXX gross XXXX. some decrease gross write-downs of to margins. margin a by XX%. let's The that it video look and generated We --
ticketing gross our segment, were cycle XX% margin. was management TicketSmarter gross revenue and XX%, The the margins
future. give So we've business business into the been and we've revenues different our the spread hopefully -- in got able us that to our some predictable growth stabilize some expand and areas We've risk.
or that of it costs those If for SG&A acquisition. onetime increased the attended you because reporting, the or some a SG&A attributable to the legal, was acquisitions nonrecurring is million all is of there well, and XX% of due Much look it lot SG&A off expense, of the the to those SEC to or $X.X write capitalized all costs accounting, -- expense, acquisitions. diligence, But acquisitions part that's rather, also, year-over-year. at requirement
So there was some there. in onetime costs
the of that One we've in insurance SG&A drivers expenses is though experienced. big the
of going us concerns XXXX. it areas related really lot of hit liability, on companies that that's because but have in a and there, think in COVID increases and everything D&O experienced I the and really, general hard
captive minimize insurance that expense, and to We're looking and a company ways that. at using including potentially manage
So does business, our cost we're up that of impact the overall and managing it because gone that part earnings. tremendously has
a of in at $X income, nonoperating you If look we versus million XXXX $XX.X nonoperating XXXX. of income million in total reported
there's our the although accounting It changes $XX.X you there, basically, warrant requires fair the follow. rather those of settled as to market than in and happened control, go $XX.X Looking that from million be require derivatives million. stock book us the SEC That likely on books. the then a outside we what change at income charge, through do warrants. derivative of nonrecurring is a warrant that, caused of a That's the if to what can value And is it liability detachable have settled treatment cash they in the still P&L.
the smaller to are piece value of zeroed the market that acquisitions, of million, the of was which the second change well, changes is agreements. And the value change that largest the TicketSmarter That also practices medical agreement. of market roughly largest TicketSmarter. We piece earnout there was is was piece XX% in agreements. attributable the is in agreement earnout there $X.X to XX%, as earnout with price's there, earnout but out was But purchase a talked an The billing billing the one medical fair it that. previously earnout about in some fair
nonrecurring. Just remember that these are nonrecurring -- likely
the number $XX just and or way be opposite So that could unpredictable by It's million very next nonrecurring. year, so.
the authorized market Board items XXXX. interest the Other in of transactions. $XX open of in up common stock to of the repurchase on December, In million
If capital decline you remember, this at instituted roughly we $X in We reacted Board price, raised the the year, market the per and earlier plan. and repurchase looked share. in
As a of roughly million at $X.XX. shares repurchased our an XX/XX/XXXX, average total of price stock of $X.XX, we common X.X have of
remember, to we are ongoing be on and time. stopped basis, just committed at So not can it plan this an any
So big XXXX. item that in was one
more done ones. around X billing one done close the since end We those May smaller closed, The $X.X have X -- totaling the acquisitions on/or of year, we've Two are of XX. already the larger million. should medical
also medical very would and add attractive very billing the acquisition is acquisitions in to rather one the that a billing company, the of at we're working clip, is billing dental Obviously, growing remaining of template active The we which acquisition that targets a avenue there. company believe a piece dental out that side. a subsidiary. our I was our to for the acquisition. good And and of billing different medical be practice growing we're with a pleased seems pretty business. than it's So
for -- and building We're obviously, accretive of value other to of fit and our you, have or not acquisitions, Stan here. continue strategy the we we're may look other acquisitions business may looking with companies long-term for that and at information lines, some continue shareholder rest but the
balance Just look the at a sheet. quick
end had capital in $XX the $XX At positive Our year, million the remains in working balance sheet million strong. in stockholders' cash, $XX we of very equity. million and
of still the a transformation we our strong balance So very sheet order have in company. to continue
will that, to it With turn Stan. back I
