through our you, I'm Q&A. attending a thank and Joe, our and the everyone, for reviewing model, going I'll then little you spend followed by Thanks, to time call. take quarter, earnings
up of fiscal results. procuring in, margins routes That in a the to pass-through building much of to improve several our for revenue. said, refurbishing new our costs have as these Currently, FF&E of small services are our the with are roughly we theaters. XX% mid-teens. Since and by FF&E manager added reselling projects a making projects upgrading margins We 'XX year demonstrated serve driver project makeup margin in key XX% for or and the business, project are
installation Some through user and products more to resale projectors the products recently with a ways on proprietary improve servers projects, including technology higher-margin relationship margins system of that of these through services, the are sound manufactured we upsell LEA Professional. and
our impacted Phil year fiscal out 'XX, second of growth often are we and dates out. share pushed the the and half over future, year. which and into FF&E cyclical negatively million for the Joe start full more As saw can revenue pushed see also projects mentioned, $X.X rate per loss In
While lost, to business this expect although not at all time, year fiscal it is is hit uncertain, of most the 'XX. the will we present timing
sell we to proprietary offerings and margins carte], higher-margin XX% our ADA products. Next, XX% which [ala CAD our include from manufactured ranging have
sell, manufactured impact of margins this FY As proprietary of to gross our increase fiscal more products forward. year basis impact by and going number 'XX, that we to as points we saw gross 'XX. versus favorably continue expanded In shift XXX the we expect early mix margin we the
margins. ramp emerging mix products expect FF&E our will from shift these in to CineQC products MiTranslator, have to away and start gross we as forward, our significantly scale, expect like we more as XX% eCaddy Going plus the
$X.X to by million negatively the Pushouts moving was in $X.X mentioned earlier, about results. the revenue I up million revenue impacted of quarter. $X.X Now year. quarter X% Fourth last million versus
was to X% points XXX $X.X year, decreased profit up For resulting down more the and QX from XX.X%. XX.X% as revenue lower-margin margin million, gross projectors we the to quarter. in sold higher quarter, dollar the basis during gross full was mix
increased XX% $X write-downs. margin last $X.X accounting increased expenses This were million For QX to XX.X%. million basis noncash included points $X.X XXX full operating profit gross million year's about in versus year. GAAP the year, expenses and operating gross GAAP
and value of As audit, we we and that Caddy assessment goodwill the determined customer declined. annual had the the relationships, carrying our intangible assets went conducted impairment through
which intangible and goodwill eCaddy nothing product Keep materialized this. builds, Accordingly, we're is related is arena our still and assets not of development. writing traditional to do the This to have with we stadium Caddy business what mind down COVID. that potential is impaired in that has in to post tied the new and
write-downs the at still confusing we drive also keep model SNDBX, in start-up. will But growth to We write that strategy in an relationship due for is ramp company. ultra determined to off loans our initial and view to the again, immediately, slower-than-expected the based business belief a I conservative given on this strong in know early going may in we're are which as mind, forecast our eSports that SNDBX's stage us. the accounting took seem
a is For this in we out as customer. position SNDBX a example, closes, trying they Once speak. will seed wrapping to to close be round begin
OpEx year, GAAP again, reflecting the noncash QX. the full up were trade-offs $X.X For to $X from million million,
improvement the revenue, write-down show would forward been the continue operating and revenue. Excluding write-off, $XXX,XXX write-downs, year, despite can last from the last going flat XX% year. $X.X potential a grow million was excluding demonstrating we leverage push out, as was $X.X loss revenue versus the reflecting growth loss operating OpEx have to GAAP $X.X QX in operating we million our million,
share and loss $X.X was $X.X million $X.X net this million year. in stock $X.X noncash and per million and net the compared loss losses million share we year, to $X.XX $X and added operating to or million in the of last GAAP full loss loss year compared or per this and million back write-downs For share loss year. non-GAAP versus per was $X.X Reconciling gap million compensation. year.
QX to $X.X $X.X net share QX $X.XX $X.XX, a $X.XX million about loss last GAAP was last of per
$X.X GAAP Full million year, share year million year. were $X.X and $X.XX versus loss per were last $X.X last full per and $X.XX net $X.XX million share loss the $X.X net versus For or and or non-GAAP loss million loss $X.XX year. and
and 'XX, $X.X in the million and onetime last GAAP while year's added compensation write-downs non-GAAP $X.X fiscal $X.X the back PPP the forgiveness of in EPS year we loans expense to excluded stock. added for from non-GAAP million Reconciling gain stock back million our
quarter, Moving able $X.X back to before the third also sheet, cash year June end balance the from quarter. our cash shares closed window were up million equivalents to at fourth XX. slightly the our the the about were XXX,XXX We of on during buy and
As at by 'XX 'XX, we comments. and mistakes I to FY the aren't providing general guidance. be we specific as transparent we FY we'll as same possible, in make look to some going said, made That want make
occurring. projects X visibility into was you've to FF&E call, half manufacturing legacy the That said, First, million. only which months be pushes first as of we of $XX tend on have our with said our year as business proprietary over the and products, can XX of lumpy backlog June
modeling manufactured as CFO, we Second, taking and approach are our with budgeting us businesses. legacy very for Bill proprietary conservative Greene to a joining internally only the products year, FF&E mainly
for Our with losses. was budget for growth this year, calls which similar pairing further of about XX%
several However, that for forecast included. are upside had to we opportunities there this not
of circuit ADA cinema is a first the and top X-year fiscal XXXX. that refresh likely begin will X product The second half a in
sold the XX systems year sports more XX that in SNDBX than selling 'XX. Next, to movie we for fiscal
CineQC LEA product. for no rolling the we this for out locations implementation We their at for to professional then there budgeted Amusements products. in National sales international nothing customer and/or new budgeted also have And XXX
and not MiTranslator, sales no international have to any budgeted have we We budgeted. minimal sales for
of looking be initiatives mentioned opportunities terms call key just I mentioned during announcements this on you the In and catalysts, for should the now. upside
are initiatives marketing even and than prime time have ready broadly. we are progressing before offerings we a make calls in originally. strong and plan on can updates earnings through We we excited providing the want announce start our products, that cinema, press will right we been hoped more position our would on have for have and such for that and We new sure are we it's releases never whatever year.
Overall, we orders slower to this if within emerging milestone we'll they
know, LD everybody at L.A. let the will Micro next to and Joe conference I in be week Just
to hopefully tentative officially only everyone call If interested to to writer spur I meeting, in will you it we the question. announced be then today's a that with that agreement again more which will there want speaking next take out please can SAG-AFTRA those you're reach for thank this for very look and is was And information. move Yesterday, the forward quickly. in call signed Hollywood, forward strike And me. a mid-November. on event that ongoing Operator, attending we in subsequent and believe today. positive was hopefully, leaves to our talks
