Thank everyone. you, Joe, and good afternoon,
Okay.
three I'll our update key sheet revenue a modeling segments the finish highlights and focus on with balance of introduction and to Following up financial highlights. an providing on Joe's drivers, from business perspective on summary
segment reconciliation today a and and As issued which our release tables press forma information reminder, year-to-date financial current pro financial include information. our includes quarter and
We link also published a provides which key document Investor is a Financial Relations under Reports which financial our of trend financial on view posted our metrics key under website metrics.
Transportation the period Joe as and contract. will our new X% quarters at still comp favorable outlined our consistent million VDOT TOC the Staying businesses. business. backlog has QX significant Joe's our Okay. original our with of of year is wins. Systems million. order contract prior Considering our difficult our full with QX three is $XX.X trends I year-over-year figure $XX.X scope year said within That Consistent our of very prior past with start
TOC in decline new really year. up growth X.X%, year to related so was total revenue in ground dynamic our look Our forward fiscal and comps to favorable QX and made we've more
range within gross our period of is Current expected of results. the XX.X% margin
However, to for a component due segment. sub-content than quarters previous the lower average higher than it's
year Total year gross margins XX.X% prior to period. of the XX.X% for compares favorably
$X.X is of the million. million cycle, contribution margin, up that RFP are The $X.X driven added operating backlog terms year. costs expense, for And XXXX, to the million is operating in significant which In which prior $X.X year in QX $XX.X year compares of drove increase our we've attributed to the million fiscal increase prior by expense of the from for reported. robust very fiscal selling
Year-to-date of combined QX in year-over-year expense margin. a margin contribution XX.X% compares XX.X% increased XX.X% in compares fiscal XXXX. to with contribution QX our In all, XX.X% fiscal into of contribution translates margin revenue XXXX. in decline lower to of
Our by the is business cost unit is largely in expense. versus selling structural. fixed increase not being a It's variable increased driven this a primarily an operating segment for expense, which in expense
our to Switching Sensor segment.
fiscal up noted, favorable for year-over-year successful As saw XXXX. in a we sets with the a drivers Joe well revenue business growth segment this
by terms In are model, gross business product of mix. primarily driven the margins
compares Our XX% trade for to the of period. current year gross XX.X% previous margins
gross for not are current period typical Our margins business. this
product to QX our cost period inventory is charges sales in of non-recurring similar to rework effort. current QX Our the that for and includes
We compares was typical adjustments and hit XXXX year also XX.X% cost XX.X% margin previous have for end sales. to that year of year. inventory gross Fiscal the
of is million. down our expense year capable $XX.X Looking new million is posting forward, in last gross operating the business QX of year's million cost better year. from $X compares million to margins year. Total fiscal fiscal last operating $XX.X of $X.X
to segment expect for to the period. XX.X% to expect That of next margins as for this year contribution When see we Year-to-date to should our contribution at looking prior XX.X% XX.X% we improved Sensors stable compares for stable, XX.X% we contribution for from at this expenses increase. the a compared year Looking operating margin forward, significant unfavorably the year. margin previous business to segment and build without for cost segment need revenue forward. be going be said, QX
Finishing our Ag Weather good segment, and Ag very had and Analytics has with year. up Weather a
of vastly seen improved have quarters results. four We year-over-year consecutive
operating realizing coupled our We business of lower leverage expense. have increasing the we from benefited year, revenues with presents. continued the This plan with model
with XX% covered so at start this time million. story $X.X for a Joe margins year. I'll for QX great the revenue has Gross the which have revenues gross of margins, been drivers, first topped
gross favorably for compares Specifically, prior the of for period. margins XX.X% year QX to XX.X%
XX.X% compares favorably margins for Total fiscal to XX.X% gross year XXXX. of our
burn the The a is $X.X significant modest QX half million very improvement period. segment's leverage segment's We are for last just about contribution million. with loss cut loss revenue numbers. at to ability over We in of the even of $X.XX year's this pleased
Our year-to-date likewise loss million. of year's $X over big of a last improvement is loss $X million
As new we've an financial said, this improved as look accumulate. we continued point, revenue wins business inflection to is and at forward performance
which includes and terms transitions. corporate given marketing, unallocated In public many so essentially accounting, of company expense expense, have on growth-related we facilities finance, HR, stabilized expense, IT,
significant capitalize area us future. that not and from accounting year in expenses quarter total we specifically fiscal related this ERP year $XX.X feel anticipate development. are foreseeable our the million our certain in up $XX.X year-to-date much expense Overall, due added million to is of of is to that up corporate last While year, stable our efforts rules XXXX and expenses requiring we from last to our do is variance expense
sheet. some address an our the year unique We balance million cash the saw fiscal $X of dropped In started me year. let close cash to at topic elements discuss. important and particular, million to our at the to $XX.X Finally, is balance
effect cycles a our the the our on had transition and past system. During that effect discussed occur you that we new transition specifically knock-on invoicing cash when ERP billing position, calls, to to
to billing fiscal normalized We operating driver new business. cash. better the loss the a the This million cash time, year, returned and decrease performance the $X.X idea have loss. invoicing level cycles balance and of this an our cash started give given non-GAAP our provide enterprise to our At we to you expected year to non-GAAP the at with was fiscal in view of key a
September That period. in which seasonal said, one terms and extra cash payroll with each cycle, our for XX XX we starts having actually in cash of the performance period are each March ending
to to forward year fiscal with three our expecting we organic management, growth growth that all balance support business segments the we cash cost As feel sufficient disciplined is our in revenue look new expectations.
turn point, Joe. the back to call At this I'll
