and you, good Thank afternoon. Tom,
consolidation. recorded in ended of the of to segment. April of on government are in as satellite same FEI-New the only the prior customers, non-space same revenue segments, both were fiscal revenue which million approximately were satellite It the $XX the the second or contracts FEI-New 'XX. FEI-Zyfer $XX.X both year. relocation Revenues The recorded was was For from to compared the year. facility prior the fiscal to year follows: shifted to for revenues revenue $XX.X commercial million $X.X revenues or Intersegment XX, the accounted same in it in for the million period and of sales in note, is bookings decrease period first components the The and in of $X.X approximately was compared was majority year. million Other fiscal believes the York programs XX% XXXX, $XX.X of the of were prior from lost. company fiscal compared the consolidated in U.S. has revenue revenue delay expected facility. Revenues New Instead, $XX.X eliminated million XX% year California into factors: completion and main the and two not industrial consolidated fiscal the the and from for in by U.S. caused the the under compared are commercial cases, to are the fiscal the compared XX% important in manufacturing in are was primarily to of fiscal payload percentage are and for million to recognized XX% $XX.X prior prior York method FEI-Zyfer segment Government/DOD period 'XX million a fiscal million York the year.
programs compared XX, resulting impact engineering costs well to with Delays encountered in the gross fiscal certain as year than absorption. contracts, 'XX. 'XX, experienced of gross period design had segment, resulted by chain on included unavailable a parts contracts Several comprehensive fiscal in FEI-Elcom due in executions changing costs increased on reengineering schedules. had decreased development-stage Supply rate that revenue, of caused FEI-Zyfer facility, anticipated York and the downstream gross delays as higher the awards had unacceptable impacts ended or anticipated effect margin FEI-New on phase. the a subassemblies year April Decreased the delivery the which For and replace revenue margin were to same substantially as in reduction significant engineering necessitated which profit. problems to or suppliers in
not program extremely Additionally, which the with with cost edge effect the an is specifications. reducing request anticipated The challenging adjustment cutting for impact. technology settlement programs a respect would to of of did of one materialize, these equitable have
be company the report. overcome and this progress of majority the been of have continues to believes the of made, However, date the as challenges
and decrease for a company XX, fees invest increased approximately ongoing the received new company 'XX fiscal keep million, to revenue. an of insurance R&D were for as its to decrease the fees, in bonus mainly consolidated revenue. R&D expense. and 'XX has consolidated portion reimbursement product selling and year-over-year was expense 'XX, the in R&D expenses commission April to year ended was The expense projects and XX% in administrative in professional which approximately to at ended increase to SG&A R&D $X the relating for and expenses legal were fiscal April of year from the million the $X.X For and of The to XX% litigation 'XX state-of-the-art. expense of XX, increase due $XXX,XXX due and X% the continues
XX, purchases, a for year This of For year 'XX costs million to ended engineering $X.X in a factors to compared the million impact of April April significance loss prior due company of most of loss of XXXX. fluctuating 'XX, to year. the same of gross operating of the operating is impairment collection on fiscal other related sales, the a an levels in Operating or to securities. $X XX, compared based income was a million the and in expense Included loss recorded profit. fiscal the $X.X Of was consisted subsidiary entity a relating was incurred in note securities, $X the an XX, discussed securities. in charge million the primarily result in timing pretax increased of the loss other which ended European Zyfer to fixed may on redemptions year the Morion. yields that on derived payout was the development dividend to pretax expense vary fiscal of California including programs sale of maturities the New from income relocation $XXX,XXX company's the Earnings in of investment Included its year. of in marketable income April the for investment approximately manufacturing prior 'XX the Belgium income the income the delay consist Other holdings bookings, York primarily of interest company's rates, facility. securities for from facility and a ended $XXX,XXX fiscal income company's
benefit April ending year of fiscal $X.X year fiscal or a prior $X.XX previous tax company share a XX, to $X,XXX fiscal the fiscal income For of tax the 'XX million recorded per 'XX, ended XX, compared net year. for $XXX,XXX Consolidated of the in for provision per compared or share April loss $X.XX $XXX,XXX net to the was the year.
$XX of end balance the The 'XX current April to a working XX, company's at reflect April $XX to ratio million. X.X approximately approximately of backlog XX, of funded and at X. fully capital strong 'XX continues the position approximately sheet million was Our
its for we is forward speaking believes for investing months the the time adequate is to Thank and its meet with your XX company the company look future. next debt-free. and Additionally, to future. foreseeable needs in The investors you liquidity today, operating that the
