to Thank XX-Q morning good Stan, everybody. call. to our you, did We file on Welcome and Monday. our
chance So the see XXXX. the ended at numbers quarter hopefully, details for everyone's look a least to XX, September behind had at it and our third
or have with actual of out not before start operations. matters, several may the get on corporate you about other into or to operating talking like I'd First, results Form may we X-Ks filings the or which segments seen, and events
to regarding received being notice that the $X. situation. we X-K is about notice minimum bid XXXX, until that talk delisting rectify filed we to Form for like I'd delisting one back That us XX, July in NASDAQ first January that the gives under price The the
of in XXXX. us grace are, meet additional July we actually out which which would put eligible – period believe for requirements, We XXX-day to however minimum to we're an the
that's that notice believe and we that's are we for great whole a Now matter the obviously, delisting importance management not and of Obviously, eligible days. the XXX is given, shareholders. but – to
meaning this matter. in management, talking basis only alternatives, following specific A the preferred on a the of a to have and mere basis, there's common issue Form as We the the which issues. worth dealing Series on ended, So XX, basis, several million preferred percentages The as stock. filed A me September Series leads been so X votes it's B the preferred to of X,XXX of shares a wherein X-K the votes, we Series B preferred other issued and about quarter October XX we stock as-converted and on stock, the and redeemable after $XX XXX,XXX well a Series with A votes and B basis, stock Series and on an the exact mere matters share votes including are
issuance was shareholder the the XX date the Meeting thereafter. and meeting, is you to that pending So a you've proceeds $XX big an a the is starts Shareholder period a importance of redemption. chance ends X% premium hopefully, redemption probably escrow X-K on had a – matter million proceeds on the the There all, on to read The issuance. obviously, of and discount There Annual that and of redemption. the X% days
what And there's needed that's ask We one do annual and meeting. at a we answer. voting get our why this? do majority our might simply So you to quorum
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shares and outstanding, these not are shares that those reasons voted. to to So the that can that the we to ensure to quorum the are over meeting; just There we've by got for going all or get quorum just that XX% votes a several get ourselves enough of b, going we we're: lengths equal issuing stock. we're the are preferred XX% a, voted and
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capital So stock. for to in be those our have reserved
So to to approved very for million in stock. us get $XXX up capital total important
shareholders by the So number item going preferred that's as the common as to be voted on well X is shareholders.
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have or call instructions and getting – in to lose But come whatever. get But the to. even everyone the proxy order voting if Annual want matters please passed. you'll you Sometimes to us get control these to we the number itself or or vote Meeting
And the $X.X to always the a investor gymnastics that that money. accounting way million a we corporate I'll non-cash. previous It's our have quarter gain extinguished mention because $X The expressed in is much QX. – million of warrant books. during It funny derivative you you in other during loss, item It's quarter treat there's resulted happened gain remember, million happened that warrant the pretty liabilities. the that on derivative liabilities all $X a there's calls, the and if item I've a that
recorded So have run a hard again to gain. to lot to million understand in explain. of it's people, we one, derivative it's And number $X.X for number got lot warrant QX, issue because rid a hopefully, don't all we liabilities that hard into And those of investors. a two, of
operating quarter. So the okay, the move to for did segments let's and on how they third
XXXX that sales, call First our it increased shows models I and And sales. and have in over and XXXX Solutions comes segment, $XX,XXX receiving steady. the increase. not new subscriptions X% hardware so versus subscriptions money. QX or new marketplace. don't And ends forth. after, of day the because traction whether are it It's quite the lot few But in. it's frankly, about a so the in increasing. revenues very are quarter the a important that movements huge increase, predictable down getting of We're our on It's of all, versus before hardware that first the Video day you mailbox revenues ups closes It
rolls we'll mailbox as basically that with So Again, revenue, the the is the end which million September at off million these to XXXX. which $X.X subscription subscription what recognize increased call agreement. in we're deferred money, I will Also, of the that agreements, I subscriptions. happy $X.X and to of revenue, deferred say means improvement that it the XX, migration
If XXXX, December revenues. of XX, you at we only deferred $X.X million contract look XX/XX, had
months that matter or So XX%. we've nine a by of in million increased $X.X
margins a think quarter upfront onetime we continuing versus were how And year subscription impact. the the So there it's – we're moving that's in very with hardware sale and it good subscription yields prior. are pleased very to video it margins the that normally no to the are The sale, reflects but the model down for fact I really model hardware it. on a XX.X% onetime And affecting the slightly segment. really growth XX.X% versus
us So moving very I of pleased indicative and to think we're it. this a subscription with is model,
Okay.
Management strategy. to started billing which on we Let's segment, have roll-up move Cycle is segment. our That medical Revenue the a
that or quarter. third last think I we started second year,
versus slightly slight $X.XXX a down million in decrease. XXXX were which million $X.XXX in revenues very is in Our XXXX, QX,
synergy. $XXX,XXX you look gross positive at XXXX. if reached or previously. percentage those gross versus X.X% are and However, XXXX reflects by percentage any that margin gross strategy make the dramatically QX. We versus of generated this margin the part of in sales, really, acquisitions synergies we the did And We $XXX,XXX it the margins the XXXX. the XX% or roll-up consolidations We're margins acquisitions increased of in in the not getting made
for business time a our – look working testament roll-up and and growth achieving into steady, I think growing we further on concentrate us, and margins And had gross down is It to strategy to the a and the road. it's very is synergies. effect. profitable those So to assimilating we are forward consolidating that working,
Okay.
Now ticketing let's go TicketSmarter to business. the is our segment, which
Our effective to XXXX. remember, increase. But revenue huge bought in X, XXXX. $X.X Obviously, million September versus increased XXXX in we a TicketSmarter $XXX,XXX
So in an improvement straight, revenue was period. one take But it's heck that a there of you if only in the of XXXX month even time year-over-year revenues.
news. hundred The issue reasons for We Now at reasons look were $XXX,XXX really, of let's with that, And unanticipated had XXXX in negative $XXX,XXX dealing tickets. I'll margins of but there's bad this The you had unsold a margin disappointing. we're gross XXXX. and gross that one. over is margins for we write-off the tell in
that. generation popular New has whole shows received – we they a patterns and predominantly the just older many shown come with the York. in in they generation on We thing for back obviously. And people way revenue – those Broadway such haven't lot those have the interest of a of up But really, COVID, And is older the – I'm and and has ticketing the changed buying and would. really of one shows thought anyway, COVID ballets and generally
that's an to five and four other example, there's ones probably can that, go or just over. that we similar So
sort Today our we not out such contract The have well. the been things relationship is of did not past. reach contract, talking And pan to thought others. the that iHeartRadio revenues as are the revenues they that other like very really second about the strategy being a area Facebook way – not [indiscernible] the is I'm we companies sponsorship model the there's we – and expected. experienced This working such levels and obviously, several by doing like in sponsorship not there implemented Gannett/USA We're click-through year the same that click-through problems tech did hearing last
are non-renew So out to what there. contracts reduce, this we started we've decided or strategy this end quarter third and is done have in the to existing and terminate that therefore, model
this So Ticketing early future. We non-renew run if we out can, let restore in away from in believe these other words, to the we're if going within terminate get things will segment obviously, order haven't and to profitability the run out, this they in near model.
So good we've got not the segment. gross margin Ticketing revenues, want Its generating got we we've to revenues, margins but us plan obviously, because negative those the a that. to fix go do obviously like fix to on very
Okay.
the $X.X balance of bit sheet, we million balance of little sheet working capital. on September had at a XX, the roughly look $XX Let's cash million positive at
have only in and the those the remember, for We strategy medical obligations. interest-bearing notes segment. billing $X.X debt primarily million And roll-up earn-out are
million we So it's and $X.X in obligations, interest-bearing have $XX debt million of equity.
to make segment the positive get video remains profitability trends and changes sheet in like revenue our to that and the and all go we segments to in continue balance see to intend Ticketing expect. ahead necessary would and So strong. the We
I So happened got the probably third over to in insight will turn future and quarters. in us what some segments quarter to it and into expect with the He's Brody. the more to that, operating what
