more Okay, I’ll make a the then giving detailed begin I’ll Guy. and on of results, financial near our by some views market. review comments the current about term thanks
last our we quarter. our mentioned, expected out quarter’s did turn the Guy however, see this As a better had Most was this bit results financial to did anticipated. during than based on improvement significant call; be in improvement we results forward-outlook of
product this support the of as of Revenues a in Let year the quarter. million with me quarter the start segment third the in product quarter third last marine and last our with the compared a details from stronger up but relatively $X.X million ago. revenues digital mentioned. services year well low to quarter, Seamap to is began in we the delivery contribution due repair source $X.X for Guy $X.X totaled underway $X a to the system, still quarter technology SeaLink million which were line of segment. are the revenue related million controller provide now Also, to in
activity, million as year-over-year Klein year other revenue to in our revenues sales the $XXX,XXX both is million eliminated the $X.X I a up compared third Included which substantially as mostly in the equipment leasing although sales posted amounts from about consolidated ago. $X.X our million, to pool leasing $X.X is are talked just to in Revenues from about $X.X segment large improved the sales Third ago. year intra-segment increases. results. from quarter XX% quarter increase equipment million increased were in a [inaudible] The due in well quarter
of execute adjusting to our however, demand does seeing types the to change; evolving continue the and better equipment, transaction certain are challenging strategy long pool suit on and a economics bit composition shortages that the mentioning, of worth lease we remain. seismic of We is which however, remain of occasionally market. very over uncertainty of It size a term our is
of Let me each the profitability the talk segments. about of
periods. gross was profit for XX% million quarter product gross profit technology for million This a respective to represents of $X.X marine $X.X Third ago. compared a margin year our segment both
versus profit at this of a record quarter periods, In asset the coming million much ago. between volume sales the more expense lower operating the third to million higher to of the the in in absorb in our $X.X year coming contribute fiscal quarter leasing about leasing The business strategy, in our result quarter fixed allowed in and this at and equipment a the business, enabled rationalization expense consistent to $X.X XXXX. $X.X While obviously loss our gross line. of depreciation cost depreciation continues margin bottom of fall $XXX,XXX more a to us quarter, million to gross as revenues the higher was compared our a
cost for the million effect quarter, for initiatives in of in of administrative to and despite expenses our of last Our SeaLink from primarily $X.X the significantly quarter costs XXXX product various result period. year of million the reduction segment. the third the to were general year’s in line activity increased million the related fiscal quarter fiscal $X.X cost compared third the and introduction These the of this declined second a $X.X leasing equipment as XXXX
Our the year’s quarter third compared was R&D last expense $XXX,XXX to for for $XXX,XXX quarter.
this to $XXX,XXX. operating in year loss fiscal third the of $X.X million quarter year. fiscal in quarter XXXX overall the compares and Our for an loss This operating third quarter the second $X.X of this was million of
losses the sold had previously the $X.X dollar share land in a we or to is million about in principles other charge that exposure third that leasing the and quarter, non-cash Russian risk, translation cumulative period. to record related had the ruble accepted component the generally to $X.X a income translation million comprehensive be approximately U.S. Since company operations, including During subsidiary. in Russian Russian longer per of of has Russian require did been loss company quarter year. of of its income, ruble third no the accounting to that resulted charged in $X.XX a current to This its this
loss the related Russian past share to quarters. common improvement a $X.XX If - the you in was $XXX,XXX of third exclude the operation, this or one-time several the from the shareholders of impact sale loss to major per quarter that’s the
At significant of compared third million end Mitcham’s so EBITDA, is quarter again, we included working over and course, about financial year’s the - the equivalents quarters. of that in in third solid. this $X.X position foreign cash of was translation $XX $XXX,XXX a adjusted Of quarter, charge adjusted last eliminated cash one-time improvement therefore about our loss capital of EBITDA had million a currency our quarter recent to and million. $X.X about remain liquidity very
bank last debt-free. the Of with course we credit repayment of facilities our year, entirely remain
term outlook. about make me just few our Let a comments near
year, months of order in increase activity. XX the an product marine inquiries October this has During both our experienced ended technology and nine segment
be the substantially As not in of book completed XX, significant. completed significantly the segment can can quarter and we and orders segment at or about results this subsequent to may fourth quarter. as In periods in and fiscal be third these point this we $X.X from as from time the particular size were for $X.X period million booked necessarily our the orders The amount indicative of orders delivery or of of business, orders revenues quarter individual million, in vary all this firm for also was expect of it, and backlog period, the of to a and backlog derived XX% approximately period XXXX revenue in the in October the of build level during of year, period. the of call vary
the of segment hydrographic, bids our the potential strength new Although year. to security defense will current in the in number term down both health the marine gain longer trend oceanographic, of and coming discussions and that intact having marine us and and favorably continue confidence gives the we’re markets the quality has product come technology customers with sequentially, the for backlog and business remains of
and repair year its in were the quarter small anticipate in Although an interest shown likely should fourth increase and this low making high-res it quarter suited the third a there entirely as work, XD repair SeaLink-related a parts revenues of substantive industry the delivery comprised almost system more hydrographic to parties to the technology. contributions begin capabilities have ideally applications, SeaLink multiple make of coming in work. number and in be relatively addition we will were in in
million For to and dramatically expect footprint Klein, recent and we quarter. in fourth saw current our We in line With during results basis. and continues Russia. quarter. this Colombia quarter these our previous generally Canada our quarter bookings will reduced that related fourth visibility, we now in to early the continue equipment with company we other roughly the save improved mentioned we on leasing estimate with level eliminated fiscal call deliveries the an annualized presence have the and our that XXXX activity in roughly actions third $X order had We believe that of
all quarter quarter. our carry of the overall third is improvement fourth a expected these into result in factors, As to the performance
more and closing we’ll global to for foundation With turn things year that been our the marine reap be comments I’ll very the take to markets. we questions. fully confident has few benefits expand Guy a efforts strong a the are set We to of that, before over coming able ongoing back for
