Tony. Thanks
new during in XXXX. in increase opened XXXX, Let's our go The for QX acquired million e-commerce sales during up the were XXXX addition versus XXXX. XX open or over for increase an Revenues of various highlights. XXX% all revenues million to acquired at the stores is for due business to or QX XXXX $XX commercial that retail increase and $XX.X QX financial in of an and times were the site online opened QX
Adjusted $X.X $X.XX translated $X.X the EBITDA QX were in compared for XXXX, sales more $XX.X Same XXXX. XXXX to to adjusted for million XXXX, to $XX QX for QX a XX which opened Sales $XXX,XXX for EBITDA XX% for XX months million. per store than basic acquired of was share increase. million million stores QX XXXX for were XXXX QX in versus QX
which net XXXX $X.X On to attributable is net company to $X.X stock in loss share-based GAAP basis, non-cash XXXX, of the first income options some which $XXX,XXX provisions. non-cash of a QX The showed accelerated several compensation, primarily XX, QX the employment that January of a and million ended both new for in quarter XXXX share-based for had million XXXX. executive X, March increase agreements, result was became effective for the compared compensation vesting
$XXX,XXX would for had The and new in on million than awards the amount end XXXX $X.X compensation to income net approximately awards XXXX. and based of the share-based outstanding basis. QX current GAAP the is recorded is quarter level been non-cash remainder front vested, first substantially estimated for less the company remainder the not Had be on of a of of XXXX, have the approximately share-based vested
XX, XX.X% as compared quarter quarter increase XX.X% million to million for compared increase compared was March ended an from March for XXX%. approximately which XX, profit or XX, of for Net percentage for million ended income ended operations, store QX QX of $X.X XXXX, to Gross XXXX, as to for QX of XXXX XXXX million approximately $X.X profit the XXXX quarter $X.X for sales XXX%. Gross the a XXXX. was an million $X.X the was March $X.X
margin XXXX and reduction percentage of lower. e-commerce the of of a The margin to accounted is overall historically margin are XX, the e-commerce XXXX, a profit decrease percentage resulting greater in XX, for March X.X%. March the whose related sales larger due XX% quarter ended approximately Commercial for sales approximately sales gross ended quarter to and for commercial our the in
expenses Operating for $X.X million for reduction. XXXX, primarily versus was a are were an XXXX QX of approximately increase of QX overhead. approximately compared costs comprised sales XX% XXXX, million for XX% million and rent, operating payroll, corporate utilities QX $X.X operations, as percentage of Store $X a costs store operating XXXX QX Store approximately XX%. or to XX% for
depreciation non-cash $XX,XXX in the increase March in March XX, approximately XX, share-based compared $X.X XXXX primarily compared million for Corporate due and to and XXXX of share-based approximately revenue for for were overhead ended for percentage for revenue Corporate overhead salaries is a administrative million XXXX. as ended and March the the million of quarter The amortization, compensation ended QX QX compensation, XX, to related from QX XX% and XXXX for XXXX costs $X.X $X.X corporate approximately and the expenses, to quarter for to QX comprised quarter was XX.X% XXXX. of corporate costs increase general was XXXX. overhead
stock Again XXXX. which shares resulted the the compensation several than issued subsequent in period of in of the employment prior share options as increase XX, subsequent vesting became in XXXX The and as and in well XXXX effective they ‘XX March the stock the X, was XXXX. quarter non-cash in in to options to, and options the executive in XXXX, quarter, higher vested during vesting that common result common were agreements, of first January was based these new which significantly
first The expanding $X.X be of on and sales remainder for quarter And from salaries accounting the non-cash once corporate is again in approximately primarily was manager XXXX. share-based based XXXX in estimated compensation amount the to finance, to for system, increase awards support commercial due increase expense of purchased to substantially of information XXXX outstanding less is store staff. current than in million The including XXXX the purchasing staff XXXX. the to operations, and remainder the recorded integrations,
percentage comprised a million the ended March XXXX entertainment, X% of as March legal costs professional ended the for compared three increase payroll administrative expenses three three sales related three related to for XXXX insurance ended and fees, advertising the General entertainment. the months of were ended and and the and promotion, for advertising, XXXX months months travel, salaries approximately the $XXX,XXX Corporate $X.X travel, XX, with was March XXXX. March approximately X.X% to majority months XX, for mainly XX, and and fees promotion, of XX,
General as months revenue administrative was ended ended XXXX three X.X% for the costs XXXX. of percentage March the X.X% a XX, for March three months XX, and
ended XX, earlier, non-cash XXXX approximately consisting was for March March to $X.X million $XXX,XXX based compensation, expenses, months depreciation, three primarily XX, compared noted overhead the amortization includes corporate and ended which XXXX. As approximately months three the for of share
$XX.X at at XX, was XXXX XX, XXXX. capital versus XXXX million. cash was Working March $XX.X at Our million May million position $XX.X XX, December
March of For the ended proceeds warrants from approximately of had XX, the we $XXX,XXX. XXXX, exercise quarter
changed XXXX, S. manned old Moran, XX For internationally. public the to X,XXX and our in auditors we a Plante firm U. offices independent XX year with accounting
let's back hand Darren, to it you.
