of results business XX, XXXX. year everyone. And good overview quarter our Thank for June you, metrics Today, and the financial an fiscal I'll key provide and ended Jessica. morning,
of reminder, year a for materially information. week of be XX-K to today disclosures may in Financial reported reported the further encourage XX-K, completion events, and of SEC. will which other report and the from results are additional final disclosures our the We results XXXX due other in discussed on or are Form things, next review to, occurrence detail the today Final XX, results discovery these filings. the be ended filed financial and the among subsequent review our annual Form As differ you procedures, June in results the with will preliminary.
initiatives year characterized a be as XXXX before software software shared experience delivered our demand. the for ended continuing in key building progress a of having on ecosystem, and I'll can market client to fiscal and focus experience. to growth meaningful accelerating period XXXX, our of share scale, again, of continue XX% I've XX% We revenue year revenue and while developing total June of we on As
customer We call, from build new ARR in fuel In $X new acquisition. continued despite invest of we QX bookings. momentum of continue bookings recorded to million impacts new to our quarter, past initiatives long $X.X This earnings term as reported approximately scale, ARR million. growth and we the COVID-XX
momentum our We continued heading fiscal year and continue a the have further current into of the pipeline this to industry. demonstrates strong strength
XXX%. order our Additionally, continues engagement is our volume has grow grown up value Year-over-year, has heights. increased platform volume platform And year-over-year retail new reach to order and XXX%. by retail by Likewise, transaction XX%.
our as in focused part earnings structure, restructuring announced transformation into cost leaner, our small call, our for we As enterprise. of a last a more
of delivering Following our acquisition of $X $X Ample Organics. we executed on phase two million of another million that savings. initiative, annual to
financial Let's turn to our results.
revenue $X quarter Our revenue quarter, fourth COVID-XX. market a XXXX entirely delays by demand. XX% decline solid continued were our associated to results fiscal execution sales and driven the and total a In year million, in to declined decrease fourth consulting related by highlighted with
in to For the the revenue software XX% revenue, $XX.X to to year, $X.X our fourth XX% total With grew software million. revenue grew quarter, million. regards
to increased XX% the from and across sales year was quarter combined demand million. once by for existing the new revenue again our The software customers, year, strong and execution with grew channels. driven the $XX in both For growth
initiatives, variety We programs keep have continue our client to helped attrition prior of a to rates periods. together consistent increasing with invest compared in and adoption,
approximately For $XXX,XXX. our X% decline to in revenue quarter to the revenue Year-over-year, despite year consulting increased grew the XXXX, fourth June $X.X our ending a XX% consulting million.
consulting Consulting of comparison, which For was quarter delays in and impacted the the delivery our for services. quarter significantly our shutdown, $X.X consulting related COVID-XX of in created revenue was fourth million. XXXX revenue the pandemic by the
the medical are set as use adopt XX adult for ballot or initiatives election. November However, cannabis there new mentioned, Jessica to
see of fourth $X.X we in of largely for the The profit profit services pandemic, representing consulting the compares margin margin despite the gross last loss slowing $X.X margin. experienced is This year. following same revenue as gross XX% and increased activity million cost sales in in our practice Gross the period XX% We to the the fixed. decline election. consulting quarter consulting in of the gross will our tied directly is the of was our million gross demand for during expect, the a with quarter,
the our Again, margin gross gross $X.X For gross profit associated year a with revenue million, delays representing year, our full margin. COVID-XX. was by XX% impacted
Moving have partially declined operating to million, In total more we our operating along of a undertaken quarter, expense to XX% to fourth leaner, a expenses. $X.X actions organization. the result become focused
was to For to total ended and full results year infrastructure company expense operating to for XXXX development acquisition position million. other and and XXXX growth increased our the the ourselves expenses research associated as continue to activities. investments XXXX for operating XX% compared quarter, level and and In compared with increased personnel, our year, to $XX.X in fourth $X.X we of financing the year a technology include costs being the expenses XX% our million. of made The the June public transactional declined for
to our year year, declined expensed from fiscal XXXX, with costs to we development and cost. the year began we associated prior For when all In ended expense XX, research our $X.X with costs development June maintenance can It's note, XXXX, the important and to be they capitalize fiscal implementation to million. XX% distinguished enhancements product associated activities.
capitalized approximately As development of costs. June of XXXX, $X.X we software million XX, have
in features and and efficiency to our growth product, We content new drive sales competitive increase to continue moat. invest
portion fourth marketing quarter, a We In expect $X.X our our in the to future. to XX% declined continue and development sales of expense to capitalize costs the million.
sales increased marketing and X% expense For million. $X.X year, our to the
was marketing and expense year-over-year. sales flat essentially Our
organization. targeted have we quarter, built past the During focused, more a sales
administrative and expense as million. with continue marketing deliver of our fourth record In $X.X business. level and efficiency to increased sales We new our to general are near pleased quarter, we the XX%
million. loss a and year both result including costs to the In being the our the year, per And with XX% share transactions. increased XX% associated the of to number per XXX% a increase our our The X% expense In fourth a year-over-year. and factors, investments increased for the acquisition administrative $X.XX, of loss fourth full year-over-year general capital quarter, increased net improvement And associated to expense made with was are operating company, for was improvement quarter, growth, net and our position $X.XX, year, for a operating $X.X a million. in year, ourselves to XX% public the $XX.X For year-over-year. related $XX.X costs quarter market loss share million. our loss
million earnings release press We metrics, define June reporting we before and on was as for and XX-K, $X.X compared release the available million year. compensation, the depreciation quarter GAAP for in EBITDA is is website. negative and the the our $X.X such fourth EBITDA. that combination, year, to was adjusted the loss expenses non-GAAP results for specifically and of non-cash business this are With items negative EBITDA call as non-recurring adjusted costs for incurred adjusted $X.X quarter, was amortization, now debt costs. million Adjusted reconciled negative restructuring costs with with compared our stock our operating the million before In prior such adjusted $XX.X issued issuance our And our negative EBITDA XX, XXXX. ended EBITDA as
million execute competitors. key our As markets is hand of a cash positions balance XX, strategy, us million the working significant a of we million. of approximately had to capital compared approximately XXXX access our June June to $XX.X well to $XX.X as as which Cash many $XX advantage had on of capital XX, and over We XX, XXXX, XXXX. of June on as of
and profitability. expect performance continue as improvement financial we towards our in to We scale drive continued
of all COVID-XX, realize In are macroeconomic we near-term there uncertainties. impact terms the of
this impact monitoring working are and business term situation may a that are recognize closely. our this that We dynamic is long understand we to how
drive economic In are However, on we see reflect as its and closing, this commented pleased on resilience. developing growth. as efficiency the we public a to making prepare earlier, cannabis Jessica as scale we focused and year, internal internally of company back infrastructure for accelerating investments on we to prove past
in product respects, leaned our and network some including While in others, we marketing and content, development, of operations our product capacity invested we've security the have management. product in
on delivering focused becoming organic execute a laser organization services operating financial our framework and across company, focused growth human the in inorganic with strategy. shared is Akerna resources lean a to team Our and resulting capital and the
on across We our are our to keenly This efficiencies remarks. the and committed delivering income concludes performance focused prepared statement.
questions have. forward-looking Operator, discussed We the phone the this happy call beginning the keep Q&A mind at that the you Please applies may will equally session. be any to take disclaimer of to open line. in please
