sheet status financial and highlights Joe's and I’ll afternoon Joe, on of you, the drivers. as everyone. Thank covered balance performance as our highlights. many financial key business three focus well good models
pro today include including information. financial release forma and and tables press segment financial include our issued reconciliation quarter which current First, our year-to-date information,
under Investor provides metrics financial link reports, financial trend which document, is a our posted published our key also on a Relations We view financial under key of website metrics. which
up renewal. period. previous three contract year-over-year the due said, of gross That our view our TOC margin XX.X% XX.X% systems, year from considering QX, we're gross margin to Okay, showing compared businesses; year up starting that from when Joe for of and XX% VDOT quarter is as last noted, is XX.X% with revenue the down to year-to-date our
our to improved the gross other lower business TOC business this as to margin business continue compared expect is see opportunities. We for gross margins VDOT relatively loss as to
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slightly affected Year-to-date margin operating negatively explainable by million as $X.X and into $X.X course QX translates revenue, of declining fiscal with than contribution flow, terms in QX, higher year-over-year selling lower affected expenses margin period costs is of to XXXX. of that deal QX year typical which are is of a prior than QX, lower previous revenue. contribution combined contribution a margin, when XX.X% by In of XX.X% XXXX of a high compared than QX higher and in is in million in as year was
cost disciplined unit, we are representative with year, management. Looking contribution Sensors at by our product more mix to driven the see a gross margin if product combined expected balance the improve Switching mix. margins primarily of business can
margin current margin the in period and XXXX going year-to-date our price favorably year do see solid previous period. compression to Our XX.X% gross Overall, XX.X% not of performance compares of gross said, previous markets for compares the XX.X% for XX.X% That year. fiscal to we expect margin gross year forward.
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on marketing, corporate terms given HR, company public facilities which accounting many essentially In and transitions. are include so expense expense, allocated stabilized expenses, on finance, related of I.T. growth
of Much up to that variance year-to-date specifically, $X.X up year-to-date last during fiscal is capitalize from new $X.X that efforts to While last and expense is year, ERP of us development our million requiring our certain year. XXXX. due from rules is related our quarter accounting occurred million expense to
we $XX As pace expect corporate previously, our for mid-year. the I've overall that fiscal million we're be to at approximately year, spend and noted
build to support Looking order beyond a see corporate our fiscal our expected XXXX, do in businesses. need our we not in infrastructure to growth
let the term million investments at elements In cash balance address to does $XX.X the the of variance important year the an on cash from this enterprise. Finally, topic the not some approximately cash million, sheet. represent $XX down me short discuss. unique All is start particular, burn of at is and
brand systems Specifically, new catch took ERP invoicing that at cycles effort the fiscal up we of which transitioned delayed Xst, extra understood year, QX. beginning we to up April that billing our That QX in of systems effort much in an QX, our resulted scratch. be would for billing from or when setting and we
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