will to GAAP Thank was measures income, earnings reference commentary fiscal press non-GAAP adjusted the fourth and today. full corresponding that basis you, non-GAAP adjusted include included release XXXX announcing year and with adjusted EBITDA earlier reconciliation net is quarter A these Jeff. our issued financial of EBITDA closest Today, basis full measures in my of measures the margin.
emphasize monitoring results and impact that of want to I our COVID-XX operating are actively liquidity. on the First, we
areas flows and borrowing that and uncertain in certain cash especially travel discretionary to believe have capacity personnel, conditions, operations cash, fund the We by pandemic. measures, as economic through future sufficient existing We implemented are our containment available ongoing cash such these cost prompted other our and spending. containment
revenue our X% $XX.X consolidated Jeff fourth increased year-over-year million. mentioned, As quarter to
was compared For revenue, year of XX% consolidated year. slight the to million revenue XX% $XX.X $XXX.X XXXX, over revenue the was XXXX, or In million or $XX.X international a increase of full consolidated approximately revenue previous million, XXXX. in consolidated
recent the or revenue, Subscription Software million XX% for increased year-over-year revenue consolidated million our or revenue year. quarter well and consolidated fourth XX% and Synovia acquisitions, the of contributed our to revenue of full quarter to $XX.X in fourth Services Italia revenue $XXX.X the our XX% a Solutions, acquisition growth of record $XX.X LoJack subsidiary. million The solid performance especially by driven was which from as as
decline for chain for the is revenue supply year-over-year. A challenges large of portion the displaced COVID-XX Telematics due $XX.X products subscriber the MRM revenue and $XXX.X approximately for Telematics million year, million. fourth with our coupled was full softer-than-expected XX%, and the and by acquisitions. with For down customer the products, over in revenue to both year, our Systems the grew $X.X to from quarter XX% demand sequentially million count
As Jeff converting revenue mentioned, to on a ways a MRM model. we with Telematics continue them to of serving recurring our new focus pursue customers
the compared the products automotive decline to from legacy line GPS-based the revenue is $X.X radio expectations to U.S. in $XX.X fourth in was in million the revenue million transition quarter. The frequency within our market LoJack technology as SVR continues telematics vertical. This proprietary third quarter solutions with
continue, to We place, and schedule to expect restrictions trend ability remain mandates especially work-from-home as this in our thereby, limiting travel installations. the
to million in consolidated revenue. sequentially of in Network prior quarter, the and our fourth from increased approximately Consolidated increased quarter flat gross the and quarter. compared million to $XX.X to quarter, family from which million revenue year Caterpillar. $XX.X revenue. prior continues to a million with On of million Caterpillar quarter ramp its $XX.X next-generation representing upgrade. our fourth revenue revenue approximately customer, our orders in largest XX% LTE-based margin products approximately OEM for $XX.X third CAT CAT to XX% XX% $XX.X another the the product consolidated full was from the basis, in with support was in X% XG of telematics LTE its was quarter, solid or
in XX% to For product for and facility fiscal XXXX, the inventory the approximately Telematics margin U.S. with was year full unfavorable gross the mix, manufacturing products, California. reflects closure gross Systems prior manufacturing Oxnard, year. volume compared The coupled our related XX% sales margin variances our consolidated of to obsolescence in in decline approximately
of help in quantify announced press within the adjusted of disclosure additional further the release, impact to provided have today, items. reconciliation earlier these We our EBITDA
expenses were our OpEx, of GAAP marketing fiscal revenue R&D, XXXX and for as basis XX% sales G&A In XX%, respectively. and X%, percentages and approximately
expenses acquisitions, due deferred sales coupled were products revenue accounting lower haircut percentage as from X%, Systems For increase and Telematics as OpEx expenses In volume the for fiscal the XXXX, operating non-GAAP of XX%, R&D, percentages with sales is and revenue respectively. the general, a recent G&A XX% purchase and and in marketing incremental to the for of our adjustments. revenue
focus services As period costs few. of our is as on in to this discretionary T&E, spend we a our manage around and spend uncertainty, name as economic marketing, the personnel delayed hiring timing of well including professional
$XX.X same net diluted million share basis the income GAAP The loss last $X.XX in $XX.X $X.XX year. loss per a share was per for fourth or or to compared net of the quarter of quarter million
results or to basis per year net loss full the For net GAAP both XXXX. financial of million or patent loss XXXX full XXXX, $X.XX the $XX.X income to compared related fourth per Omega million diluted the was the of Please note fiscal share $XX.X a of that $X.XX quarter and share in a the reversal of million matter. included accrual legal $XX year approximately
assets. our fiscal deferred tax $XX.X for While the for on recorded year our loss charges and net in GAAP noncash XXXX loss net other fourth basis intangibles quarter against increase assets impairment an million of and an and of full valuation $XX.X long-lived reflects allowance million
factors quarter, of indications coupled loss. million decline slower-than-anticipated determinate COVID-XX revenue represented the products, with secular exacerbated automotive Solutions $XX.X the is that end U.S. the ultimately, our pandemic further determined we the In in impairment, in channel, market legacy impairment are of our having LoJack dealership from unfavorable prolonged and penetration on the market. impact SVR automotive the fourth that by Telematics the the These
to fourth the $X.XX the net quarter income in basis, or quarter. million share, $X was non-GAAP $X.XX income per for a net million per diluted diluted On or compared third share $X.X of
diluted a per year year. $X.XX the or share For net $XX million $XX.X share non-GAAP previous $X.XX the million to in diluted was compared full per XXXX, income or
of of in and EBITDA Adjusted $X.X to X% EBITDA million million of EBITDA adjusted quarter. adjusted adjusted an $XX.X last EBITDA compared margin margin with XX% quarter an fourth the was
$XX.X XXXX, year adjusted full the XX% the was margin of in to For million of XX% an adjusted with previous and EBITDA adjusted EBITDA $XX.X EBITDA an million margin compared year.
we of fourth the $XX to want recently we March I $XXX At and through had Morgan liquidity JP position. and credit extended the of million, with cash line address end cash XXXX. million total equivalents quarter, our Now our of current
approximately $XX.X our present, $XXX is this debt is due we outstanding At of this million, outstanding of repay debt aggregate cash hand. on month. May on plan XX utilizing balance which to Our current million
million Synovia. factors Our due was $XX.X amounts includes of total assignees, the debt assumed to outstanding which of also acquisition or in
as XXXX, charges net and compensation intangibles against provided stock-based certain the $XX.X During acquisitions. well fiscal integration activities as in of such the post-sale activities X amortization, our net by reflects million impairment also loss assets cash was the working long-lived The net our assumed and by provided as of activities reflects working operating items, $XX.X million, for which our demands changes depreciation, capital noncash with operating recent capital. cash adjusted
invested in implementation to and cost foundation the infrastructure, the we global system Additionally, Richardson, shared synergies, ERP center service including and of with a internal a in cloud-based acquisitions. the of Texas, recent build-out growth our establish especially for
net consolidated end collection receivable consistent an efforts Even the average in remained line collection quarter, of of our the collection accounts our representing with million XX periods. the balance period and mandates, at fourth with $XX.X was Our have days. historical work-from-home
Additionally, of annualized million million, which approximately was inventory and X.Xx. the the fourth decreased the inventory $X.X turns at total represents quarter of sequentially end $XX.X
our focus customer our levels inventory is working delivery our transition execute plan, meeting supplier on optimizing capital, and we requirements. As while on still
quarter. Our cash to conversion the of prior of compared time the at fourth quarter at was end end XX XX days days cycle the the
quarter the was at end, deferred compared to of quarter. our the at the revenue $XX Additionally, million last $XX.X balance million end
net our tax deferred pretax by tax of income recorded recorded $XX.X related tax which the tax available that and valuation to to income credits. million assets attributable losses provision benefit our we income $XX.X XXXX, an offset million, an partially is Fiscal against approximately we allowance
of income benefit same recorded we million. the $X.X an period year, last tax For
fiscal Regarding $X.X tax LoJack which we cash basis approximately our Mexico, is is to million cash taxes paid the taxes in year, paying the principally cash which by for paid entity. tax for XXXX, attributable a
fiscal XXXX, to our we net due our not to and expect taxes other to material Looking cash available credits. changes federal do operating losses our any tax
Now of impossible have present the worldwide virtually provide fiscal this regarding time, for to XXXX guidance we to timing, guidance, the fully not COVID-XX duration at the with quarter. ascertain magnitude decided first and pandemic,
are the across scheduling Mexico, is, impact and global delivery product seeing challenges mandates indeterminate in Malaysia that broad global the turn, labor and work-from-home the device we supply creating a access With chain for force in to and our installations.
customer as into such of uncertain, visibility especially impact customers even Additionally, end demand more acute markets those remains Italy Europe. for and automotive and other to an in areas
job Overall, these addressing order impact of to business. is to our the team proactively factors and an mitigate managing our effective doing all in help
Although we providing visibility doing as time. hope and this conditions the global improve, at situation to quarterly guidance from prevents return us current to so accurately
Jeff to for With turn provide up call over that, before final the questions. your some we I'll to open back Jeff? call the comments
