Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jonathan Schildkraut - Jefferies & Co.
Jonathan Schildkraut - Jefferies & Co.
Could you tell us what the recurring, non-recurring EBITDA split was for the quarter?
Jose A. Segrera
On the project revenues we recognized about $1.5 million of EBITDA on the project revenues so then the recurring including all the one-time costs we had in the quarter, would be $8.4 million.
Jonathan Schildkraut - Jefferies & Co.
And how much of the federal bookings was project based for the quarter?
Jose A. Segrera
The majority of the federal bookings, just under $3.0 million, were recurring in nature so almost none of it was project based.
Jonathan Schildkraut - Jefferies & Co.
I would love for you to spend a little bit more time on the one-time costs in the quarter. I looked at your EBITDA build up in the back and I guess it seemed to indicate that you had added back some of the professional services fees that you had spent regarding this strategic opportunity, in your $9.9 million EBITDA. Are there other things that are one-time here that we should be backing out to get to a more normalized EBITDA level?
Jose A. Segrera
Let’s walk through it so if we kind of, top down and you start off with, we talked about the gross profit margins and we had a federal government contract, we announced this contract earlier this year, $140.0 million total contract value, and we incurred some more costs than we had expected on some of the deployments related to that contract. So that’s one component that wasn’t related to the transaction which impacted the results for this year. So when we say the gross profit margins come in around 41% so it was close to a million dollars related to that and some other items related to that contract. So just a little bit under a million dollars on that. So that’s one specific item.
We talked about the bad debt expense, which came in higher than anticipated.
And then like you pointed out on the EBITDA we added back the direct, professional, and out-of-pocket fees related to the process. There were a series of others, if you could call them indirect costs related to the process from other fees. And another thing that impacted the results that will get you, if you add up those three components, you’ll be right at about $2.0 million of costs.
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