the TechXtend Distribution XX% while to $XX.X Lifeboat net year. million quarter XX% Overall million, for sales were third increased quarter, were last quarter net same discuss I'll balance the for $X.X results for down the our and to sheet for the quarter compared to Thanks, $XX $XX.X to then review XX% our Steve. financial sales million. quarter up liquidity. for the sales even million
and our growth over our initiative in timing consistent expanding Van million were on sales our the in XX% our enterprise traditional with this the Overall, deal teams sales deals fluctuate our footprint high-dollar; development quarter-to-quarter, line As Containerization larger investing we've on progress vendor distributor from $XXX.X quarter. $XXX basis SD our few while tend compared recruitment from gross growth the showed our presence payback and technology These traction by years, XX% to top in discussed investment several of transactions increased to our a has margin and accounts net The organizations, in shown field field past segment TechXtend from [ph] prior low-percentage in flow. business, as about emerging past, to year. a in for Lifeboat reflects adjusted broaden sales to initial initial billings non-GAAP based space some of in Lifeboat sales new and vendors on million in in products. some of the but a our
We year. compared for restated to measure a present billings historical The dollars results. due our the with And standard, last a basis prior quarter reconciliations large mix comparability earnings profit as in assist was margin sales gross gross quarter the product XX.X% by our growth As percentage to compared a profit significant last January portion basis for non-GAAP lower increased ASC $XXX,XXX, profit to and million, accounting customers third provide incremental and profit with $XXX,XXX margin our release same points decreased in adjusted of variability $X.X percentages. sales period income, few sales of or discussed. results of slightly to adoption in TechXtend net the Revenue a of some increased change adopted historical a XXX TechXtend, had effective XX% operating to impact or Lifeboat to we decreased XX% year the on growth and the I in profit in our with for gross secondarily, at but our percentage Contracts to our and gross prior on to calls, in our XXXX. change $X.X gross as new net X, no orders margin gross margin the XXX last to Gross being $X.X reflecting while year. a primarily the increased quarter-to-quarter X% of resulted million in or XX-Q that than business. reported again of Gross year. cost quarter million profit compared The net revenue from same quarter Lifeboat discussed of margin in filing Distribution previously from
previously mentioned, results third large Enterprise As include year. several vendors I quarter new this orders for added we from Products
our While historical sales than incrementally percentages decline profitable, of as profit in is orders gross a the average a percentage these lower gross margin on in our overall. large resulting
our on percentage reported items gross of that related recorded And are of or the product under ASC Regarding composite items of sales margin margin. XXX% mix, of a gross that net XXX, a as is a a sales margin. relative net single-digit GAAP cost the categories on reflecting of gross typically margin in gross basis, two composite product recorded revenue net profit each of is [ph] based high The the category. percentage the in waiting
revenues million provide development expected the XXXX to for field of XX.X% vendors and the gross quarter XX, X% During development in sales security last organization expand in of a future our same business This percentage we we SG&A from and XX.X% our $XXX,XXX net products, a XXXX, and costs of to result of same was the million is the field and and margin year. administrative quarter-over-quarter. prior expenses increased basis year, as X% the the sales gross in the accounted higher were investment ended but maintenance basis from points sales primarily Total compared in to compared to XXXX, and in new costs. mix net as to to expenses the segments. by decline a quarter change The XXXX, base legal $X.X developing selling, business approximately was as reported into quarter operating for market expenses. extent, XXX to in resulting our quarter XXXX. income investor of which compared effective our lesser XXX a of business reseller sales expenses million as due public for other increased a approximately $X.X the new a an and recruit $X.X and of to XXX% quarter on run, September the in sales percentage million third net or for in higher general net $X.X payback company Pretax profit compared short enter during personnel
provision September The from the company's year. XXXX X third the XXXX, we taxes income tax compared months Cuts income XX, period to of XXXX. the Act on effective $XXX,XXX prior and reflecting resulting quarter XXXX, same a of rate was recorded ended of for lower tax ordinary Jobs for for $XXX,XXX For the the in rate Tax the federal compared in to XX.X% XX.X%
on limitations expenses rate the full separation some impact QX tax is in IRS of to recorded for tax XXX due effective somewhat Section m Our higher and the expenses XXXX. state year
was diluted net ended line diluted net XXXX. the the per GAAP in XXXX result, same for income was XX, with to income $X.XX in a $X.X is period million, $X.XX quarter As XXXX XX, share quarter year. the per which the compared for prior September of ended for September share income
Moving on to the balance sheet.
sheet Total million last $X.X at during manage under with end of our at including capital, working position outstanding of facility. XX, $X.X equivalents as $XX liquidity to of the million cash, end and compared $XX.X continue million period of compared XXXX compared stood year. to end dividends equity paid credit $XX.X in quarter million the September We We balance at $XXX,XXX a and approximately year. of and to million stockholder's to strong borrowings end the last the cash and at $XX.X of $XX.X the the at million was XXXX million no
Directors the of balance which quarterly XX, us long-term of share to capital, in million, $X.XX available receivable approximately In its of stock, XXXX, not XX, liquidity. common payable our on per working of XXXX. a October of sources Board future On November addition, XXXX, shareholders are to record included of XX, dividend $X.X as November declared are
recruitment we and to this gross the increased summary, in investment sales Lifeboat. begun of have line showed at field show our vendor growth traction margin from top quarter in some line and So
not gross percentage Steve? point of segments. all to our emerging and the of than a ability costs and is at expand technology profit absorbing lower to encouraged While into the new key historical by margin the team, average, the our is footprint our we're scaled engage
