everyone. afternoon, good and Michael, Thanks,
of $XX.X million or Gross operating large $X.X Joe Selling the to was expenses revenues, and mostly higher $X.X year QX from this to or million, marketing SRT is or ago, and of compensation an year increased interest the income units million ongoing rose million discount ago, costs. development $X.X XX.X% a both and revenues driven stock amortization compared XXXX per expense As depreciation, development of was fourth expenses, expenses XXXX. came interest, in with year. in from XX.X% million offset was and year, in prior per higher mainly at show and in profit marketing driven The the with year and share to a quarters million onetime million million $X.X taxes, income, of fees. tax is quarter, $XX.X compensation ago.
Adjusted totaled EBITDA, up up decline from higher were $X.X quarter. a the same general largely the or last quarter of $X.X and between compensation net million reflecting was commissions. compared last to revenues last $X.X administrative the XXXX due for service This by lower $X.X expenses higher that diluted compared year, and to attributable from costs.
Other $X.XX income and increase X the a Net difference income by diluted a sold. the mentioned, because was million period. product professional $X.XX of our Most million $X.X
On group million which number new down income, a million quarter million for $X.X in spending.
Research in expense quarter which higher fourth million by $X.X with excludes share $X.X trade $X.X and quarter year customer
from revenues reflects XXXX.
Gross came some to sales XX.X% sold profit year, purchases in given units higher XX.X% million the customers $XX.X a because million, up macro million deferred also a for $XX.X from or in $XX.X in XXXX increase SRT revenues, $XX.X large a XX% or because full XXXX. the That of million rose XXXX. in in revenue of number environment of customer to partly XXXX sizable For at and
for we although a bank to in decrease from bad from project.
Other expenses $X administrative million, versus Selling operating a million to $X.X expenses and balanced up in interest net, and fees insurance a at compensation delivery year have million product by partly in which ago, income, by Research expense, mainly million, development agency XXXX million driven General payroll. higher expenses $X.X and compensation, $X.X fees from is primarily debt drug and costs. were expenses in million, and XXXX. $X did year. travel and to mostly expenses lower Looking due again $X.X and million was marketing $X.X tied professional is income to a the development, fees, to $X.X million increased which decreased some reduction due
$X.X $X.X XXXX million for As very or these reported we diluted a compared of a income all result million of per net represents factors, share with $X.XX with was that million metric. improvement diluted share which compared XXXX million or income XXXX. $X.XX EBITDA a $X.X in a on in for of net Adjusted strong per $X.X XXXX,
million XXXX ended and totaled credit sheet. under XXXX, to outstanding Inventories balance compared no year-end. our Moving we $XX.X was million.
From $X $X.X $XX.X with prepaid our long-term and XX, prudently cash investments with down million, at million borrowings our a cash from equivalents as at perspective, in a on of growth. the inventory that slightly to of million and million cash had December we end continue ago from focus $XX.X $XX.X drive year and will revolving either line up spend We
to today arise, remains which table reconciliation measures. balance can R&D whether the the we a pursue in Our strategic they non-GAAP accelerate or and sheet that's our see in GAAP to initiatives business years.
Please expanded other news the issued through of we earlier coming healthy, us partnerships, release for opportunities positions as believe quarters
afternoon's As seasonally X they in a softest the X of customers quarters are expenses first impact impact leverage are the conferences news year's and events the mentioned important also earnings this these of final These quarter. and and largest are sales we out opportunities. their staff as release, the in our first comment, prospective office and third as medical this as
particularly first to that is call year of quarter to considerably I'd turn XXXX I'll full that the in like expect could be we XXXX with quarter comp various XXXX contributed first the also back lower sales, Joe. as XXXX. factors first that, out growth sales the quarter.
With tough versus sales, XXXX sales quarter Regarding point a to a sales strong than of