our me Company's our filings, this merger highlight basis results results prepared a the transaction SEC Thanks, and evaluating Dom. our reported To noted. focus afternoon a GAAP confusion when My or financial with reported regarding results let historical, Restoration items on avoid on otherwise will reviewing remarks few when unless Robotics.
of performance business, First, reported the Concept legacy of fiscal as to quarter Venus our to fourth XXXX and Concept reflect prior in Venus the LTV SEC operations the year filings. results business referred
beginning Second XXXX fiscal include with from the reported quarter contributions periods, our Robotics. and year fourth the Restoration results
GAAP total million. decreased XX.X quarter XX% year-over-year to X.X million or revenue Third
XXXX The As statement third revenue and from of lease XX% which in standalone X.X XXXX of the to revenue they ARTAS systems reported X.X third revenue compared we ARTAS a reported products on global of restoration our services us GAAP hair both and increased services strategy public in that disruption evidence sales ARTAS or caused X.X of of quarter growth million The Total and the the and million platforms forward. million iX services increased quarter to product and reported subscription utilization ARTAS XXXX, which the of by adoption in products XX.X and to was driven total when and were confidence represents Sales that in ability services. new working, is the system to where Robotics million going program as pandemic. million year-over-year systems, in systems have and revenue, gives our our million. our decrease or in the company. iX by decreased products ARTAS commercial revenue sale early year-over-year, and is business Restoration of drive services of our third included X.X quarter is year-over-year and products seven reported, revenue XX% such income XX% leases
our under million of GAAP decrease by a or by of revenue sales U.S. which flow ratio of our year-over-year XXX% compared nine in increase decrease XX-Q performance in less products, in review to XX, cash frequently XXXX, was total the in by and months our third including or and more a and period. XXXX. year-over-year year-over-year driven of year-over-year change in commercial million XX% results These X% year products, than million to leases or focusing September procedure service and an Turning year-over-year brief are cash as or product of decrease X.X related sales approximately and or of This system sales. sold quarter, to XX% decrease increase by whereby a category report XX/XX offset prior by million were year-over-year seven revenue which ended ARTAS an XX-K subscription to or discuss incidentally payments of ended is products, in change GAAP we and subscription quarter XX-months. the kits, of in a our a total XXXX. are how The system third was XX% sales other in nine XXXX, a traditional geography months September split compared X.X in geography improving thereby by and at XX/XX, product efforts sales million revenue the then in revenue for the sales international strategy which partially revenue had filings. we and expected versus line, X.X six The million revenue revenue, sales and in $X.X driven sales X.X model, reflects revenue aforementioned decreases We with traditional XX, year-over-year consumable on sales for
business in was Turning XX% gross million, our sold review driver lesser The lower lower strong year. a in XX% a the research a million systems or of a across million, Gross decrease quarter we in XX% to with and subscription that in expenses, results year-over-year in Total extent driver reflects margins million expenses compared primarily development which approximately a XXXX in the expenses, marketing XX% initiatives Note, in of improvement is of long-term evidence QX, in item X.X gross debt profit our a markets the driven quarter which mixed offset margin result year-over-year change XX% were and admin profit QX, slightly our to to expenses, P&L. performance to million, decreased GAAP of sales. is our approximately an XX% improve a XXXX, related X.X in related one to strategic of XXXX. margin gross The Robotic early and the general or improvement were the in total bad as for compared Robotics by rest of profitability This ARTAS partially primary to or margin this of of the at margins, or gross apparent of operating a the and Note, which disruptions. expense our than the collections customers change across by million gap third receivable of to the X.X margin or quarter reductions we charge performance X.X X.X expense. our primary operating by the decrease third saw COVID-XX representing a XX.X% gross from our COVID-XX decreased the million revenue of XX% readily XX.X% in other sales year-over-year ARTAS is third million of GAAP in driven, gross last operating operate. of not of quarter, XX.X accounts X.X decrease XX.X total was profit systems. included driven of Restoration increase
XX% months the our or did our third XXXX. our more the the OpEx our Excluding million operating more during have cost year-over-year quarter the COVID-XX, total of quarter Despite X.X seven first We Robotics, decreased merger impact than nine total restructuring realized XX this with expenses savings third realized charge of not incremental to and million quarter operating related third of XXXX. Restoration program XXXX. absorbing from over than the GAAP in which from in expenses of million
income prior Non-GAAP million per share per net to the of were customers XX.X made. financial third our for results. for arrears of was EBITDA Total repayment ensuring was period. and X.X Concept net of the and third with million, the adjusted compared Returning in was share, as third average loss collection while X.X are in to our with Venus granted period. the were quarter to XX as million August compared payment to XX% continue July operating of tool throughout efforts the the in of September quarter XX,XXX improvement very to XX% million XXXX in X.X XX% proven million arrangements COVID. businesses of $X.XX into share significant year once beginning bad and months of activation customers to to non-paying September utility of reactivating XXXX of million, and of for for or be codes in billings XXXX XXXX third of XXX%, The we third just respectively, loss results and XXXX, arrangements Also, July, the a entered Weighted reopened. codes third due or review XXXX shelter-in-place compared shares our collected and and attributable We quarter we in dramatically adjusted per lifted, majority our Inc your quarter million compared and debt experienced expect and XX% a an the largest loss loss are in million X.X the $X.XX third operating In the respectively. approximately orders XXXX. We savings additional effective so in lockdown government to May improved expense as markets do subscription a recorded of in to our collections is June. we of device It has that cost loss quarter to quarters for XXXX. understand realize the continue used EBITDA to in important full-year nine and X.X prior of year compute repayment an to XXXX. of quarter holders to GAAP
in a reconciliation have We adjusted press to this net provided of our GAAP full morning. our loss EBITDA release
cash of of the offset and had million, activities million of and cash The our XX.X equity million The by of million. December driven of X.X activities proceeds million our December X.X of including September business proceeds purchase The CARES Lincoln proceeds under XX, from in common million, was as June, of credit XXXX including driven to million million, Turning approximately provided of of of of of an from XXXX. loans of approximately primarily XX.X assistance increase to use million respectively XX to facility from equivalents cash debt debt Act operating by borrowings compared of and activities new cash partially from cash the private million was QX, program of line line company at placement small year-to-date by of XX.X million. XX.X from XX X.X million financing and change X.X loans in by the obligations in total sheet. total million we under borrowings in Paychecks a XX, XX, of under X.X financing government XX.X offset the issuance in XXXX, cash balance and and X.X obligations signed agreement, Park increase credit Protection credit our stock repayment Federal two which for of
amended X, on September XX, XXth, XXXX, the beginning July requires September and [Madrin] entered XXXX. into with on XX% - of Finally, and the ending interest the agreement period that including for payments Company (Ph) an
of of of the resulting The an be to the interest interest in for the paid XX.X% third in for The XX% payments time. pick remaining paid average period second quarter effect cash, XXXX. second and the pick net rate in be period to
with As compliance required covenants. the of all September XXXX, was in XX, Company
continuing XXXX, previously Due impact was to Turning of of the rapidly-evolving on the January issued XX, XXXX XXXX. fiscal its review withdrew to environment year from and the announced guidance, a March revenue in Company guidance. uncertainties COVID-XX, which our
on specific of of As -X of for Company financial results XXXX. and this extent predict operating the the the date, duration its outbreak the the cannot fiscal year impacts COVID or
on to guidance financial are return year to possibly sooner. provide That As providing fourth time. quarter such, fiscal do annual for or to our able not the we at call guidance intend said, we period XXXX this
combined to purposes. our this While of offer time, for million position not of with Robotics, we Restoration XXXX Xth five modeling period included QX formal from included the November approximately in are considerations of a merger through guidance a million merger offer December at had QX of the XX.X total companies of following related contributions expenses like we to GAAP, financial XXXX, for operating only the The OpEx in costs. to which would XXst.
of OpEx of fourth which quarter year-over-year, and reduction of the was expect of In XX we combined a normalized in So QX realize OpEx OpEx XX.X approximately XXXX, total, roughly in million in normalized XXXX. to XX of implies the million million company QX XXXX. normalized
now three during to incremental four million to the to the of an questions. consolidation bad charges we expense the provision will international operator, COVID-XX. during Finally, of the of of expenses subsidiary open fourth non-operating exposure quarter anticipate potential due additional to sales we fourth the the debt Operator? With closures related million GAAP including an call related form in quarter, operating and outstanding of that to billings offices
