Aaron Martin: Okay. and then the relationship with East West, since there are existing contract manufacturers, that’s why I guess we shouldn’t really have any disruption. It’s just a six-month process, it’s just transferring over and over more lines to them, one at a time. Is that how we should think about it?
John Suzuki: That’s exactly right, Aaron. And we’re taking one line at a time.
Aaron Martin: Okay. going back to the overall volume, I mean, it seems that we had a slightly better pricing environment this quarter. I know, in the past, you’ve talked about that, it has to do with the accessories that are — that get shipped together with it, but it’s nice to see that. But I look at the overall volume and then the guide for the year, it’s nice that you talk about being at the high end of the 32,000 to 36,000 radios, but considering where you are right now for the year, even the high end of that is kind of below, where you’ve been any quarter so far this year. So, how do we think about that, especially with the $20 million plus backlog that you have going at the end of the quarter?
Scott Malmanger: Yes. I think, when I started this year, I talked about 8,000 to 10,000 radios shipping every quarter. And if you remember, walking into this year, we had this enormous backlog from 2022, because for most of ’22, we couldn’t ship. We started shipping in Q4. And so, we kept at an accelerated pace throughout the year, so that we could normalize our backlog. We’ve been on extended lead times for quite a period. We believe that we’ll be through that backlog and back to normalized lead times probably by the first or second quarter of next year. So, we were definitely at an elevated rate in the first half of this year just to try and catch up on our backlog. But that’s starting to normalize now.
Aaron Martin: Okay. So basically, then to the order rate, obviously, backlog was down sequentially quarter-over-quarter, a little bit about $2 million. We’re expecting that to continue as lead times come down or at the same time though as lead times are coming down, our demand is growing for the 5000 and we’ve got the 9000 on top of that. So, how should we think about backlog going forward and the ordering trends?
Scott Malmanger: Yes. So for — because we are a bit of a seasonal business, right, the peak season for wildland fire and order intakes and shipments is Q2 and Q3. Historically, our weakest quarter for new orders is Q4 and then gets better in Q1, and then goes forward. Because we’re still driving our backlog down, we’ll continue to have good shipments in the quarter, but the backlog will definitely go down, because the fourth quarter order intake tends to be a lot smaller than, say Q3 or Q2. But we believe it’ll still be larger than it was year-over-year. Yes, year-over-year.
Aaron Martin: Got it. Going back to Scott, on the — obviously nice to see EPS again. In terms of the calculation of the non-cash loss on the FG Financial investment, ex that, if I were to sort of create a non-GAAP EPS number, would there be a tax difference or just add back in that $340,000, assume there’d be non-GAAP net income of 430 or so, and about $0.13 of non-GAAP EPS. Is that a proper calculation or would there be an adjustment on the tax line?
Scott Malmanger: No. we got tax loss carry forwards. So that number is correct. I did the same math and I agree with your math at about $0.13.
Aaron Martin: Got it. Okay. I just definitely put it out there that calculation is correct and the FG financial’s just a non-cash, non-operating item. It would behoove the company to report a more reflective, non-GAAP EPS number.
John Suzuki: Good point, Aaron. Thank you for that input.
Aaron Martin: Okay. Thank you. Congratulations on the progress.
John Suzuki: Thank you, Aaron.
Scott Malmanger: Thank you.
Operator: Thank you. Your next question is coming from Brett Reiss from Janney Montgomery Scott. Your line is live.
Brett Reiss: Hi, John. Hi, Scott.
John Suzuki: Good morning, Brett.
