George Notter: Hi guys. Thanks very much. You mentioned the $181 million number in bookings for the quarter, I assume that included some big chunky contracts. I think during the quarter, you announced a Tropo deal with the U.S. military for $50 million. I assume that ran through that bookings number. And are there any other kind of chunkier pieces in there as well?
Michael Bondi: I’ll take that George. We did — in our 10-Q, we tried to give some color on the largest of the orders. It’s also included in the shareholder letter. And I think as you have outlined, we definitely have the next-gen Troposcatter terminals. That order was nice to see; it came in bigger than we were expecting. So, that was a great award. We also had the Ukrainian COMETs that was received in the first quarter, we made really good progress this quarter in the first quarter delivering on those eight units. And in terms of the next item, I would say we call out we have a large Tier-1 carrier that we provide call routing services for that customer. And in the first quarter, we renewed our annual contract. Those are probably the largest — we had some additional reset orders with the U.S. Army and some other key wins, but certainly those were the three largest that we would call out.
George Notter: Got it.
Ken Peterman: George, this is Ken. George I will tell you that, that as we bring our business together, we are seeing our addressable and serviceable markets expand as we look to harness the enterprise wide capability of One Comtech and that enables us to move up tier into the Systems and Services segment. So, we’re pretty enthusiastic about the opportunities that’s revealing to us and we’re seeing customers even engage with us directly to better understand how this expanded value proposition can create value for them. We’re engaging directly with both Satellite and Terrestrial customers. We have strategic partnering discussions underway in the upcoming 30 — even within the next 30 days where we’re hosting technology workshops and leveraging the innovation foundry to demonstrate and quantify these enhanced capabilities in a customer context.
So, looking forward, our customers are aligned with us in this expanded value proposition, that’s expanding our new business funnel going forward.
George Notter: Got it. Okay. A quick question on the balance sheet. Also, I think you guys have about $130 million drawn on the credit line, the revolver right now. I know that expires in the fall of next year. Can you, kind of, talk about your plans to kind of deal with that given where the balance sheet is right now?
Michael Bondi: Sure, George. In terms of the debt, on the balance sheet, it’s actually a little north of what you just said. But more importantly, I would add, about a week ago, we did announce through 8-K that we did basically amend our credit facility. So, in the presentation on our balance sheet, you see as long-term it’s because we were successful in getting our lenders to move forward with an amended deal. We did change some of the deal terms to be more representative of today’s business, but that was a syndication we announced last week. And we’re very pleased with that and very thankful in this environment. Obviously, you’re reading a lot of news reports, there’s a lot of skittishness out there with the lenders, dealing with a global recession, potentially higher default rates. And so navigating through that in this environment, we’re very pleased with the outcome and it gives us the flexibility to operate.
George Notter: Got it, great. Thank you very much. I’ll take a look at the 8-K. Appreciate it, guys. Thank you.
Ken Peterman: Thanks.
Operator: And we’ll move next to Mike Latimore with Northland Capital Markets. Please go ahead.
