this for has and operator, conference thank you, Principal us that and outbreak. The staff, Khalid and financial staying everyone hope We're joined quarter excited worldwide clients continues and vaccine call. safe. and contractors key begin Thank fiscal Anwar, everyone about I'm results Accounting I'll remarks is today my you who full-year Financial Principal during and fourth wellbeing our by saying XXXX encouraged by priority COVID-XX joined Staffing I our the our by healthy progress. of to be Officer. XXX's to
and of start recovery States United our this and of crisis we United in forward, to can markets the core look to see Kingdom. we end an As two beginnings the
and towards at our the safety focus is of While health XXXX. as business we always forefront, the our be growth look will
of way fourth on full-year how our hand performance outline overview I what quarter's us pandemic now through financial we before what in will statements. I'll what which for refinancing our is of our make and commenting over to and the will then in operator for how are outlining XXXX, XXXX financial business. After and remarks, seeing the intended conclude operationally Then details give covering strategy plans near-term continuing impacted the acquisition our by opened an relation hopefully the I'll we're our of I'll Khalid in operational call our be additional our positioned as by exit. my has to the performance. During questions. The this early and line part we're the
Gross what a was for had earlier revenue million, preannounced. $XX.X full-year prior-year. million was XX% XXXX down we XXXX decrease profit Our line from in XX.X% the of with $XXX.X and from
from and on out in a three quarter. were have the of resulted leases, of million them branch past relocated locations and overhead opportunities optimistic is addition our cautiously early recovery XXXX, April, employees, client In the of the exit and leaner were internal had In that other on number further closed the save note. a we basis, mostly million in to our we XXX to we're $X.X people, we impact moves worthy cost the fourth the XXXX, had as December of XXX a $X to out base In took pandemic and the worst took XX organization in into events In late This months, activity annualized XXXX allowed all of there These manage overhead. phase. an us and bold branches. to we of March, against we pandemic, made a additional what employees. impact December are and entered
on with growth. to have stronger execute a the which base we recovery see will As coming, we business
purposes of for We any we in process. September we Paycheck Including Program we Administration. had used now have the Protection for At disposed $X were business that of they moment on forgiveness In overall and from Small During recognized this intangibles million monies $XX.X qualified from in forgiveness a P&L impairments time, which the the and this intended the received XXXX. of the firstPRO Business month QX, the Atlanta, May, XXXX, its loans. for going of not these are approximately received in through we Georgia. for management, out the business in we our to hit million loans
I press will has fourth quarter statistics and shortly. business this performance outlined Monday the on reiterate Our release with without those and
UK, receivables onwards, swiftly was over across management the potential the year. cash impact our where we took QX have year, one reduced closure recognized very of and the trade the a hit tightened the Chapter restaurant during the in strong the debt and bad our particularly early might from for client only We DSOs and Our materially. of We during filed XX. controls had pandemic the U.S.
in preference contracting in by that outstanding the June market. $XXX,XXX from XXXX. XX% experienced material our cash resulting being stimulus debt. United particularly us redemption As to interest The a bad introduction This allowed shares balances, the UK raises had programs we business February, a them our FICA United Kingdom and a program, the impact to further tax the deferral with on result, the debts, we the in the reduced and States including management and December in legislation both manage capital debt allied the managed of and in our of IRXX convertible
period, with as had without temporary their Over permanent for from the hoped that often The first a to the approximately UK significant employees, change surrounding was had of status But stayed been it or than longer fee of the we course conversion contractors of contracting contractors period a legislation we date meant impact this it they largest XXX a us three-month the of time. XXXX. part had to the in uncertainty deferred start XXXX, quarter expected. of felt
loss. was from a the majority XX.X% million of EBITDA revenue this was of million, for UK Adjusted this in in $X.X and XXXX. allows the accounted below the we million legislation of loss year client $X.X Our a contract XXXX decrease XXXX for in achieved XXXX for payrolling July the $X.X
Our items driven in $X.X movements it by disposal firstPRO, year, bad just from gain a the being XX%, with from down the seeing. quarter four net sequential million, we at the mentioned, reduction the look are was the gross When excluding million at of affirmative four, meaningful XX.X% revenue previous operations QX loss look over profit, was and the to up the excluding the Quarter pandemic-related more is given gross debt. the from profit materially profit we was $XX.X which disposal. $XXX,XXX of
disposed million or quarter, the Our in against million adjusted $X.X QX EBITDA was third $X.X $X.X excluding in the million business.
performance. call over a contains hand showing a the Khalid further for trailing XX-months I'll release now the table press to Our update.
