end good of commercial and which QX Consolidated end domestic Fred, were customers, customers, generated XX.X% and for U.S end XX% million, net $XXX.X from Thanks, were from sales government international XX.X% approximately everyone. from morning, customers.
million approximately we a QX, $XXX.X of achieved achieved We During of lines. of flow X.XX. order with consolidated ratio strong across product many bookings our book-to-bill
As the this a in and type contracts quarter as received does from QX, such Verizon. of AT&T include the large not we ones reminder,
of type was strong good seeing a So data the demand for our market lines. product the X.XX and we're point across
quarter at QX record finished backlog and company which mentioned, close what a with Fred third consolidated was we higher As $XXX.X our high. than finished of to million, a
are total our have during should you mentioned I our mindful in-house when strength be As we about actually backlog, contracts last of that higher. call, you the think conference the that
generally many we over contracts summary XXX contracts and because download of from that for QX certain shows likely site, sole As visibility funding investor that of new a promised, billion contracts. been existing our to have we our the of we you Alternatively awarded and Web have have have indicates between is we of a included place, visibility which backlog if were over million occur. we and that stated, from table potential assured presentation to these provider orders contracts, in $X
receipt you are higher that clearly of in has and although As overall know, positioned always never difficult orders predict, our we to and beyond. of timing visibility for shows [technical new and been is growth fiscal I difficulty] believe funding
line. earth This challenges, Let approximately segment, Sales by as me was in now sustainable last sales compared satellite quarter the end year, ratio third product SCPC station XX.X%. and which in product QX of solid of book-to-bill and of was as HEIGHTS Commercial several power products, an line happening. conditions $XX.X QX our higher our Solutions of to sales. be turn sales Commercial segment showing our our Net row increase $XX.X bookings our this to which of difficult this is year. of $XX.X include QX give a of were back growth. After X.XX. represented were Net of is achieved see sales to line for million Solutions really it solid-state for million, satellite growth we net quarter product what total to years sense XX.X% market amplifiers which the a million earth modems a to and in or segment of for believe segment compared This station or last nice finally sales satellite sequential what were a quarter in
from During U.S. million. multiyear contract a $X.X in approximately million funding the large received of QX, of award we strategic the $XX received and Navy amount
of product mix during orders did positive have we U.S. positively change of our this expected which a during in of shipped originally most the million operational fourth Navy's pressing $X.X operating equipment we begin income. our so We the quarter. Given the impacted during quarter, QX, needs, to shipments
is we in fiscal during to XXXX, additional will as we optimistic XXXX, well receive orders ship of predict, fiscal for orders years. that and Although and additional timing in our difficult are for quarter future equipment fourth this
to as of XXXX. Enterprise and quarter Technology our Security to and fiscal higher compared Turning QX Solutions were sales Groups, this Technology Safety Solutions
dollar Solutions side, wireless provide and States side, the with to our awarded X-year of XXX contract carriers advanced On multiyear the the services engine. text United to we next largest million $XX.X location provide platform, emergency on generation position multimillion one of including Maryland. to technology State the for a the Safety Enterprise Security services were a contract determining we Solutions awarded existing a hosted in leverages which And were
Given the year-to-date awards, be product lines. will recent in growth of product revenue for these lines contract we performance of that these XXXX fiscal a believe year
increase Now total were sales. as net net this continued let and in $XX.X turn QX of XX.X% almost million were to $XX.X fiscal the an million segment strong Government approximately lines. XX.X%. for were of all of compared Solutions segment me Sales government solutions segment product Bookings represents in approximately sales XXXX. of represented This reflect to in our our strength
book-to-bill achieved ratio exceeded trend X.X. We believe we fifth strategy the of previously X.XX, our we this QX, in our row quarter that the a book-to-bill ratio During a validates segment initiated. Solutions Government in
quarter and include cyber Force of Government acquisition In wireless Sales solutions for about back an for higher Blue QX. as the Control of this to compared segment fact, training, This communication is intelligence year's XXXX. operation design secure accomplishment highest February TCS of Tracking backlog last the Command and is and Solutions, been in our quite future. networks, were since the we optimistic installation & XX, which Solutions our it has are
long-term Korea systems Peninsula, and to and for activities throughout the troposcatter and certain increase. will that our ship the U.S. horizon military U.S. the all we Army support demand believe Army equipment the within we Additionally, over microwave commands
of expecting for now segment higher QX Looking mix Command product and high-margin we new of software QX, we are QX Solutions training expectations to sales forward solutions. the have & cyber Control updated lower our sales and
We needs invest R&D this and expected sales and expect product have meet experienced market will to for in longer training our solutions, XXXX. new that orders than software continue we line to begin cycles to grow in cyber for
that However, orders, and overall, Government XXXX sales segment order new amount in than our achieved higher for anticipate fiscal be the flow XXXX. Solutions expected will net fiscal given year-to-date we we
color let metrics. operating on Now some you give our me
QX of gross as fiscal XXXX of XX.X% in fiscal XXXX. net to XX.X% percentage consolidated in as Our a compared QX sales was profit of
expect we of as be net to when XXXX. year, compared a to consolidated profit the For slightly lower gross still percentage sales
of were which similar last XX.X% is or expense QX On the XXXX operating in million XX.X% year. side, consolidated sales, $XX.X net SG&A the to of expenses fiscal
a a legal SG&A included of expenses. last expenses recovery As year reminder,
So actions reduction our cost SG&A initiated expenses previously of benefit for recent obtained. quarter the reflects the and most
revenue the segment For pay sales R&D amortization and expenses contributing compensation. segment spending $XX.X Government XXXX expect our X.X% to current the the the we recent of awards of current for comparable million be and of rest spending that as fiscal million have that achieved historical of growth comprised net were were the a spending spending year, feel off to in given and the our investment of in Commercial X.X and of to continues in assumptions or QX of contract to to XXXX, related with consolidated we plans XXXX. XX.X% we R&D constituting the announced. balance percentage We stock-based and SG&A is $XX.X a Solution expenses fiscal revenue do of
invest to XXXX. new sales a $X.X consolidated R&D product expenses XXXX. amount for for stock-based in line compared of was expect such, million percentage As XXXX we as and of across significantly continue to QX million QX fiscal comparable net in be as to fiscal Total technologies the to entire compensation our $X
XXXX fiscal vested, incentive we amortization result we in an year, our fully non-equity in of increase restricted the to as stock-based XXXX fiscal QX. certain in awards units quarter compensation pay in but fourth As last of share to compared form which will did intend of
On and was GAAP fiscal in will in stock-based same of in $X.X fiscal the amortization to QX stock higher the million run to and intangibles several million the be during currently than we net XXXX. of in As QX, expected compensation our be of QX our increase fiscal of such, that believe consolidated for $XX price, income of expect million XXXX. type total outstanding operating sales QX. $X.X recorded that XXXX we Amortization was dollars given basis, awards a are the of expense issued be the X.X% rate or awards million
in EBITDA we that sales. And on year. million of targeting net achieve $XX.X Commercial our segment operating $XX.X Government For X.X%. to EBITDA important operating in this million XX.X% net percentage our Solutions excludes or sales. million our million sales, of that adjusted X.X% was $X.X $XX the sales was which of XX.X% favorable year, believe segment achieved consolidated compares of XX.X% an is approximately as related We XXXX, income net metric. related fiscal in adjustments a of to of or net last adjusted Solutions fiscal consolidated QX and generated EBITDA in or range income favorably was the we're This Adjusted regard, XXXX of
taxes and expense was of balance third expense, fiscal interest now quarter our me our sheet. Let in the talk about XXXX. $X.X million Interest
Our includes of interest total rate effective borrowing cost which is approximately reflect actual or in expense, deferred XXXX financing X.X% rate expected cash amortization approximates fiscal X.X%. currently an to of
On XXXX effective discrete fiscal the we XX.X% our prior was for side, our income compared tax of XX% effective tax rate tax as currently XX.XX%. to the items, QX, approximate estimate our excluding expect tax to
Our rate of reflects of months reform. related estimated seven XX% effective benefit tax to tax
XXXX, any fiscal expect our to items to XX%. XX.X% before forward from rate effective now we to discrete tax range Looking
April cash quarter On than fact equivalents. expectations. in cash million our for $XX.X internal This strong a and the sheet better XX, cash at generation XXXX, and had balance flow was we was of
generated in of QX we continue and $XX operating We achieve and by reduced fiscal of and total approximately to debt efficiencies, million flows our activities XXXX, operating million. capital $XX.X cash working from
We what a positive do a to at expect fiscal flows lower timing strong and one-time All on in XXXX cash but expected than of is in we be flow payment of based generation. cash QX for number have achieved QX. in a we year amount schedules QX, all,
unamortized had of maximum we excluding deferred This financing ratio cost allowable XXXX, XX, $XXX.X of million. as to EBITDA. leverage April of compared is As debt a of a X.XXx X.Xx total
for facility and its sheet anticipate good moment, given compliance future remainder So our term. in you have see pretty at balance outlook, the flexibility can we the with our of being credit we
the what than terms today. results, in you. we flexibility our have we results, we look renegotiate Given them was report or short, better structures. the our a sheet to successful think commercial for the and reduce even original day, our we strength to debt lenders to improved achieving reduce additional such can In of with quarter good obtain other have At will facility bank the operating and Comtech, back of obtain we end it at cost balance we cost it our and started surpassed are If expectations. and really
line, the On GAAP QX. diluted bottom EPS per share diluted in was $X.XX
color let guidance. Now me you give the some on
revenue $XXX million our of range maintaining to target million. $XXX are We
We even our mix some QX, year. during puts next moving product have and and QX into in some takes and
the the fiscal So as the BFT-X we property of about of of is year-over-year absence U.S. licensing this pretty which we midpoint range intellectual Army's revenue program, for we a $X.X Tracking XXXX today, growth target that think to Force supporting of is X%, fiscal Blue feel fee right this million close represents impressive. XXXX. earned range rate Despite the in
In a to rate of a despite the this Again, XX%. a updating range the property Again, midpoint the product target close new $X.XX $XX.X reflects expected a Adjusted of think is range represents of better sales to of EBITDA annual performance. to are $X.XX to a to target On given range of of a GAAP we close $X.XX our adjusted range growth to are a target target addition, million fees $X.XX. million. absence as net EBITDA that range new to EPS and diluted $XX million intellectual percentage $X.X million BFT-X a compared impressive. X%. of than as basis, This changes, our an our be as increasing range to prior of we mix to compared GAAP expected we prior pretty to operating to is $XX.X $XX new million EBITDA
consistent $X.XX sales is our original As timing fiscal adjusted with to XXXX EPS from and of which include target business and fiscal the XXXX consolidated From tax per our EBITDA. net quarter benefit both reform, fiscal on basis, expect share. outlook a the fourth a consolidated quarter reminder, GAAP perspective XXXX, for for our approximated does a be QX still peak
quarter more deliveries, fiscal expect given of adjusted the in on expected quarter third and than XXXX. to However, Based income. our EBITDA the consolidated be to and of XXXX product we achieved quarter is peak the amounts operating favorable mix, expected sales fourth of quarter third backlog be higher net currently the fiscal our
income and EBITDA to quarter operating sales GAAP consolidated fourth approximate net as consolidated fourth net XX%, expect and percentage respectively. sales We adjusted of a -- X%
in of in range $X.XX EPS GAAP in per as QX to share approximate expect the We compared $X.XX to the per we share achieved to $X.XX QX. diluted
of covenants of the on XXXX XX, the $X.XX common fourth well our quarter dividend as July XX, fiscal Finally, Future on record a Board our compliance share subject at of credit secured close business dividends of XXXX. Directors payable declared facility for per August as XXXX with to of to under as financial shareholders remain Board approval amended.
Now turn in our Fred? businesses discuss back me to who detail. it will Fred, let further
