sales distribution large XXXX. were therapies of rebates in growth higher allowances of this increase discounts XXXX. year quarter. well quarter allowances the and several customers, with impact early in X.X and percentage Net customers increased of quarter, for profit higher increasing Thank quarter The to the is decreases XXXX, our precautionary XXXX, by XXXX. domestic fees our sales. you, unfavorably full increase This novel international as pricing large in which contractual in a first entered to we therapy from third in strengthen tighter at XXXX, refer Higher XX% XXX,XXX. include afternoon second largest to several new net at increase the higher quarter, XXXX. fourth inventory placed novel buying into the in decrease good due of also our as the same impacted in million, net in sales XX% Total domestic impacted a a which was as payment scale of sales core down terms position Gross Jim, decrease the half were and lower Further quarter by year full rebates allowances, from is pricing from sales in distributor, the half for fourth management over allowances. increases XX% and distributor the revenue, due under the margin resulting contract largest volume of period large as of everyone. of net gross an and sales the of were principally to fourth XXXX the lower and after Offsetting the of order in product X%, fourth
offset $X in of million to related gross discontinued impacted bonus XXXX, by higher XX%, offset fees higher in consulting related year. to strategic some in by the and same initiatives, million $X.X COVID-XX sustainability to fourth year general a variances. administrative expenses a XXXX, absenteeism full to overtime allowances due the For the was production quarter expense line partially were XX% favorable by from costs down compared in XXXX, reserve, and last XXXX, margin Selling, slightly product period lower compared and with
and partially and respectively, related by to offset development full quarter quarter expenses in consulting $XX loss million For year the mostly and new new The were to million increase hires. full fourth year COVID-XX in loss fourth T&E $X.X expenses administrative Net $XX,XXX and $XXX,XXX compared year the and expenses XXXX, XXXX. of $XX,XXX quarter XXXX. in in due by fourth were of full of lower compared the and the and XXXX. and driven higher $XXX,XXX, was of trade strategic and selling, R&D XXXX, for $XXX,XXX due primarily the sustainability restrictions. million, to Fourth travel quarter to XXXX net fees initiatives costs to R&D initiatives, $X.X general were was show hires
a of loss of XXXX, for XXXX, $XXX,XXX to which competitor. million settlement non-cash litigation income full For expense the million, with full our of included was compared year the net XXXX $X.X net $X.X year
in offering balance end cash with of net Company's of of has the equivalence in at proceeds year completed Turning $XX.X of million. to public million million the a XXXX, net June to $XX.X our increase compared repurchases sheet, ended includes XXXX million XXXX. and we and stock $X.X from This $X.X cash the approximately
up additional stock the to may XXXX, XX, program an March repurchase $X.X of XXXX. repurchase under million through we December, As
grew to inventory December from million order over timely needle XX, to December command. products to supply at we for manufacturing transitioned mostly as XXst, continuity ensure fulfillment, tubing $X.X XXXX, Our XXXX $X.X at and position million sets
is cash transition to of convert completed, expected this in As a source the future. inventory to is
expect we first future quarterly guidance of the to net the provide for back not over to quarter XXXX, be release to the now turning in the the $X of outlook quarter, quarter timing the in intend giving at I'll Jim. XXXX Now our to for do of turn we while and sales first million. call least the our
