joining I and welcome Stan, today. you, everyone. appreciate Thank you to us
of do pretty XX-Q be know, you to quarter. analysis nature, take everyone for more summary of to for went and I I first quarter. here look encourage at to Form you will on a do Just remarks in-depth and My the review more the we at did in-depth the that what encourage during on a our Friday, XX-Q file let in look
If first in you quarter the the versus QX a is look XXX%, revenues $XX.X quarter $X.X in at of the quarter that the Obviously million actually surface, big XXXX in first XXX% the million which revenue acquisitions as million increased represented on of XX% over XXXX. to part they revenue. XXXX, of were $X.X over total first
later in you $X.X showed serious tell on the first versus I loss – Net our a analysis. of which quarter impact quarter But having income million So acquisitions a that excuse net more on line, for income of or least I That you versus derivative was the million million $XX.X at you in a by will at this XXXX XXXX. income kind will the top speak everyone analysis segment of segment $XX.X our quarter. the force. XXXX record favorable review fiction very in can in that accounting the And primary if reason operating non-cash an I cautioned $XXX,XXX of a for was first each for that the we I’ve that true that’s will, is quarter. the results the previously the XXXX. derivative rather see basis me, of are these is quarter than XXXX think little for income only
$XX.X That’s that, representative of derivative value this the million attributable outstanding. was in that change income. So clearly the just of a to warrant decline are
loss – the our you income net $X.X net would’ve $X.X income, XXXX. for If been derivatives, XXXX exclude million million been would’ve versus the our
with in So we much more in did line what XXXX.
Okay.
segments. the Let’s look at
the body cam FirstVu bit late business our quarter. Service the systems, the the channels revenues the due we up of and the very is Pro the in them $X.X to you our introduction legacy our $X.X year new from excuse in during might a the million in cost, law commercial and area, products, and we and the in million first, which revenues at from attribute same it’s the quarter in which in FirstVu I II little introduced period. clogged by getting look to our would excited difficulty as XXXX The fourth really me, were – we’re Let’s flat ago products about change in. to – video legacy channel, business, revenues fourth that expect way, declined inventory were had
we’re customers have that We to out this there. technology new putting review wanting at and look
will believe we year. which the in purchases, delayed they’ve come in later So
some fact, happy that two very new those in seeing In we’re with sales we’re of preorder the products.
sales, to We over anywhere using from hardware product people method, amortize which up migration sales, is are we of a a payments continue where or to see months subscription service outright the more from XX receive which months. model, to front also XX
a sale. than period upfront time, longer it So rather the it over stream out of having equals really revenue
was first So factor to quarter product in that, sales. that decline the a contributory
have gross which older of our PP&E. protective shield these in-car Our expect, camera personal is also did as pretty per XX% well inventory, did group, some take we our some models, equipment business. older as sizable and new body write-offs drop, video might of is cam body which systems. but big our we XX%, once write-offs a to the as also We decline margins in you from started introducing
what quarter legacy happened the first our gross for business. in that’s margins So the to
for our that’s segment, million at the quarter that opera quarter That our is overriding gatherings big to shied our and ticketing the it concerns, customers effect which hoping which events group total cancellations by challenged go revenues we are segment our Omicron that but the revenue than figures very ballet quarter. on nice $X.X a a first segment of of away the older of in audiences Ticketing Ticketing of If first XXXX, because you couple number, and look revenues of I especially business of XX% were from – in and generated and Obviously, higher And revenue a that. which mean, was variant factors. the of had effects the the and for Omicron. the the the – were represented of that, some such,
major have – say the big ending that a which effect some struck us, that part the were pro spring then segment as training during So canceled is told, the and as also is actually players seasonal baseball our Ticketing we which college that nature. business. with the seeing a you we’re did we’re that, seeing regular – and couple quarter, well well, will delayed that I games football, pretty the very in of you first that football, the league union on but of fact now quarter, delayed have very also first season. In the And really big
and the we Also been up had of double major from was and decline looking baseball. year So kind at a a it across league Board league attendance overall significant major I’ve there whammy baseball. last the in
seeing league lot We’re – and obviously it cities. is that, XXXX. continue of damp major in we and factor weather a a the has in And that been cool
we go customers us Overall, customer matters that bigger monitoring of on the to events with of it our first that tickets we’re inflation will hopefully So that, And did have our we’re back our are in quarter. that for our have reluctance all some revenues why the impact hitting as and but to. other the a well, to base. monitoring bounce the health
So able eye on be revenues an our that we’ll hopefully that keep from and improve to standpoint.
And Media the counting agreement. contract tell a basis is The normal below deals the ones. disappointing we quarter revenues, given of seasonality, larger sponsorships that, and Our did why sales, are into baseball Today, – payments, the the at – like significant are the XX%, games, to level which of Omicron, of write-off quarter. entered is business. the and investments large first is about these amortize gross for Also, over that below and I obligations talked the write-offs cost margins in the higher Broadcasting also in in others, first that enter would that which you, the tickets of in that contract, was of We And XXXX, higher the significant in account unused understandable than quarter you we a among the based that, the matters. all XXXX. USA bunch the Gannett than contract, of below I’ll the We below had. we those a we terms some and tell on sponsorship cost those unused way but XXXX level in iHeart did tickets Sinclair normal we’ve of in led made rather first on also revenues that the late cost have we the what cost sponsorships cancellations sales have the
contract in those it’s So sponsorships one month XX, it’s month versus one same the month expense year contract. XX, if a or three-year of if the are a
we expense that. out So level the of
However, as the they’re where a to while at, be campaign a it’s that through location we’re see much with sponsoring, on more just it back you comfortable on loaded revenue. for at it’s look advertising or you end get takes where and know revenues, at a that, media click start customers comfortable the and with
yield. whereas it are loaded, So level the of revenues often cost are end back the
reverse later sponsorships only, expect those months losses the in seen have these So of we some do contracts. and early to in only in
continues and trend see improvements sales cost and we forward margins in we’re of basis. on that, dramatic So that go therefore a hoping our gross
two management XXXX, at June or entire look We completed XX% segment, – we XXXX. in acquisitions of began, I revenue million $X.X cycle in XXXX think total. you in revenue in If of which our did
roughly we first One the at XXXX. million $XXX,XXX. for in acquisitions and about two smaller alone, one $X During was completed quarter was
by of continue path roll what businesses, area. billing we’re as increase So that acquisitions. revenues businesses, strategy continuing to acquire when new the medical looking obviously doing will we’re And for in – and up our we that’s
have strong gross good, which but XX%, could very is were probably at Our done pretty margins little a better. we
One the acquisition much they’re medical local that early basis, our all higher mold billing acquisition – a billing. of XXXX acquisitions the regional medical billing our companies businesses. they whereas it than trying acquire national other their customers uses a customer is of to billing cost nationwide kind new And recruiting have to dental bit been billing. much and footprint, more a was breaks ones is on of our in cost the whereas are regional, in a – little of company, major And medical dental
cost as in dental acquisition our well So high that business. this a is quarter, the – this growth but hit of of is a high as company first customer margins new billing
do acquisitions we think very very, headed high But are that So in or we’re success a on it is appealing revenue for do the X more the resulted we that right really just EBITDA. template, business. prove direction. in nothing and acquisition general our our margins actually And business. to looking dental strong believe revenue operating negative margins medical I that damage believe customers. it’s and our basis, in did billing than We and these times our and all on with template cycle agencies times X billing at about good And
very which modest that margins will we doing end XX very, and day. inside our have once install that the of believe price systems that that I’m template operating and the standpoint, margins the from purchase So – where six, months reap a them we better even and people, full out integration time, such purchase nine, our template maybe business get talking and we at
first the So very our for on an for overall good revenues recap quarter, QX. are
to Our but and not were gross why problems happened. we know them where are we our be, wanted where margins that
operating right increased those. that prove believe We’re margins. working gross quarters future And and revenues, margins with will on we
sheet, at remains balance look it very you If our strong.
positive cash equity million have $XX.X $XX.X of of the We of end in million quarter. and million. at $XX.X working got capital We balances the stockholders’
give very to business is So will and the on backbone model. sheet our go out basis improve acquisitions it us and do balance strong more a our selected and
with So to back that, I’ll Stan. give it
