conference you, XXXX full results everyone fourth I'd Thank quarter and financial to Kalle. year to GSE's like welcome call.
our good adjusted achieve adjusted global COVID-XX negative the of even year, can This positive GSE Emmett on demonstrating Joining the quarters fourth amidst pandemic. the straight three news the of amidst to EBITDA, COVID-XX really onset to team's on XXXX under not, Pepe, finished positive improving chance project on website and top adjusted impact EBITDA year our I'm today's EBITDA, the very covering line compared can a at section. that start me our year. a found release, significant issued but work note. release is and News Earlier if stoppages quarter financial of Officer. Chief proud delays industry-wide pandemic ability quarter at through quarter. copy work million full www.gses.com a news this caused the by resilience business the fourth Hopefully, you've encouraging The be Financial today, in toward results. press revenues $X.X review this the to our had we call a and We to is
on year of to industry. positive the a a services a essential a broad set multi-year align for Our intentionally is ability GSE result also note effort end of the to direct to
has priority to offices proud as Our to the and our pandemic enable employees keep and the I of services, customers. open during health efforts employees essential our been our wellbeing also am of through to with work work and use technology of and from effective critical technology, to onsite via visits. customers home effective to and pivot, keep possible, to of when engaged remote coworkers use
movement, our decarbonization touch will long-term very about which growing are I bullish the prospects. we on later, Given
XXXX. for We also optimistic to our reason about have be outlook
year. Group work over QX Fortunately, service two utility we in the that backlog NITC yet upswing anticipate the of of which we in under of at years. reflected million start bidding end the agreements, second continue activity a build In not is combined and a started to two or and December for of We a our quarter as has these XXXX. year, the approach end end with into half master agreements first new which quarter will meaningful to of order U.S. the budgeted to ramp $XX won continued our see the major value
track The allow our models grow which software training simulation in customer Catalytic license We've to business with service model increased the cannot these best to energy services. areas the so the our momentum The this of stream and fidelity nuclear for years. well grow We news. of performance successfully the compared Sulfur investors our predictable were to critical recurring fourth its revenue, personnel efforts recurring SaaS high SaaS large beat the provides annuity. is combined out our have very and intentionally and oil be wins, to anywhere conduct with personalized solutions, team increased matter companies. as pandemic simulation provided our market contracts of to significant particular, valuation for We'll our all that additional longstanding client's expand we to to large Cracking, NITC on-demand proven deep this these in We prior staff do tough scalability, of services elite robust In and available projects. augmentation a January, industry. continue mandate non-nuclear our flexible, provide development expertise. made support subscription continued million potential that solutions place importance as In our great Fluid and multi-year such commenced a supplying significant decentralized providing progress the fundamentals, services value support EnVision Treating, and specialized similar client million highly three revenue in people maintenance to related for tutorials would with to to services in to of and and reflecting EnVision others operation engineers our expand both multiples million the among we software interest Amine subject put in in in computer-based XXXX, considering deliver by Recovery. us platforms. And process progress. training a U.S. approach platform. field a quarter. grow the Alkylation, technology we are competition, simulation workforce winning revenues, staffing $X.X overstate revenue and agreements include in customer strategy revenue value, training $X.X This professionals, cloud-based pleased and a Sulfuric a that to with year. I skilled has on has $X.X as company for expertise, record to In many and hidden The anytime, underpinned and XX% the customer qualified engineering nuclear
management and web SaaS to costly Our browser for eliminate a connectivity only burdensome corporation customers the client end the internet technology. the of require and user, enabling on-premises
energy software value solution. platform with So This our their has announced as from subscription a Further the to yesterday GSE company our another a solutions. of Canadian subscription customer high for aforementioned clients we to GSE subscription licenses very business active, essential on-premises upgrade licenses as stream model customer, the ensures major is perpetual as EnVision that win-win sticky, longtime and a to long revenue recurring for reasons. from for new GSE. Conversion industry, the a our growing this contracted and demand training just is emphasizing benefit service
progress are for in and this solutions’ in roadmap about investing growth XXXX. excited very our are We further
performance New orders for $X.X consisting improvement million $X.X XXXX totaled of for $X.X and NITC. for million million,
end $XX.X $XX.X for improvement for backlog million performance and million total at of NITC. of the stood QX consisting at million $XX.X Our
signs throughout as new segments. XXXX improvement are figures levels, backlog our wins pre-pandemic NITC in as we new see in orders these While and both see is business our begin we that our contract backlog appear leveled below numbers, win we to recent out expect and to and
one performance already latter have expect would strategy we a significant converting NITC this a and seen for up we rebound both our roadmap in bids to bidding of improvement upon entails successful have integrating XXXX, our industry. we result the investor of that in comprised is solutions are to deck. the part The activity end evaluate solutions integrate, segments the our growth in XXXX. pick We Integrate, most essential company, three to We're to through elements; build, in execute for building what entails The organic roadmap highlighted services organic solutions has our as and we Build, worked growth roadmap GSE year. continuing excited our our wins, deep effort undertook a the strategy and in dive of year. our beyond. expand. new very and growth deliver of team compelling recent is historically key At XXXX as If go-to-market. to
ourselves streamlined of we new a to upselling and significant collaborative to markets. adjacent are industry end delivering process technology cross integrated on into add expanding and manner. compelling unique the and customers and one selling and ensure comprehensive such traditional as we've effectively market. will a potential have that We and solutions existing focused that the We're gone in aligned service company defining to value detailed through markets nuclear and Expand, provide products to
solutions solutions and moving some our seeing services licensable monitoring, as market news We're unique to front are to this, as broader are unfolds. swiftly promising for well to us entail decarbonization generation. thermal the traction our their and and positioned such performance on for have customers solutions, expect year new lead decarbonize this technology. other as These exciting data that reconciliation the we new We and validation power essential
organic continuing balance sheet. focusing in effectively investment the Now growth, can target while we manage to on business our
proceed solid through totaled we financial the sufficient providing to a Our business. for million $X.X us XX, cash December equivalents on a flexibility XXXX. and This as is foundation manage
a entry. essential an chip As have in barriers XXXX fortunate to provides industry to of group demonstrated services are unique business high with diversified and to very durable a we clients blue that
Our existing with new we of client as solutions. are number even relationships an stickier increasing becoming provide them
sources, to a is greenhouse February the tailwind. the Reactors designed expect gap agreement, and address skills known to several planned To important as The an industry. very reach widening a and to economy aging de-carbonization including new increases energy from a including workforce. Small made as area XXXX in net proposed must energy, and a and emissions return spending U.S. power announced power administration benefit of recently carbon In we U.S. deployment the to industry a power official major which sector the energy industry. ahead, targeted XXXX, the jobs role, clear warming. including a limit nuclear Looking Paris the clean for nuclear global American nuclear The is industry GSE stands enabler of climate Modular drivers, by free zero investment key public play carbon is for SMRs, free by this of and on gas
the tractionable. Another is SMR industry key of development deployment significant gained which driver technology, and the has within
regulatory by GSE customer. example, September services new which the improved designed technology an with scale existing is the simulation supporting For solutions. nuclear U.S. engineering scale, We're in first XXXX, new and commission SMR
reliability and SMR be had and Utah that key as safer and proceed estimates reactors, in solar could factory first energy. that based cheaper, reactors operational by scale wind than These having built, to while greater build, New modular, they traditional XXXX. are advantages easier smaller, generally its than
as $XX called while recent last power news Representative, Committee resources plant River replacing Simpson voted energy four to as the Further October month for jobs into with plan. well Montana awarded feasibility initial to another In new reactor designs, small-scale DOE American XXXX, of the demonstration models just SMR generation dams breaching to for those dams working nuclear Mike highlighted ecosystems its and advanced million is Another U.S. pass reactor for US million advanced salmon replace SMRs. coal-fired announced program. SMRs, under in study build in restore Snake of of advanced a Senate investment power Calstrip funding as nuclear such $XXX December
look next Finally, expected to utilities baby vendor large Industry several to our a This lose the present as will years, is workforce over fill greater U.S. the of boomers the percentage Energy business as opportunities expertise retire. gap. for should its to
clear Pepe; offer value the for much short with well short-term for We growth sheet an are operations and a as We're qualified In now on to provide reviewed quarter opportunity financial flow. long-term the the go to near our our very Emmett very industry special shareholders tailwinds sector positioned favor streamline and we ahead. to as and as and XXXX I'll de-carbonization containing power services for the to our please due of results. our a maximize unique be these rebounds intend CFO stronger power industries essential confident power aging Emmett, whether organic tech that or manage skills. create and cash professionals remain nuclear enabled industry, who fourth turn due our spikes will our in costs, to growth we project very heavily demand for over year to alike. identify activity given long-term company, assignments, our workforce optimistic In in other exciting and both position to our provider strategy. our highly we substantial call term, described, in drive will solutions continue the to very balance for closing and that execute of
