Avi Fisher: Right, okay. A few other quick questions. You called out the non-Goldman revenues, roughly $5.1 million apparently. What are the margins on that? Or if you can’t just break that out, how does it compare to sort of 30% gross profit margins blended?
Matt White: Well, yeah, we don’t break that out, but keep in mind that that’s not a business that’s at scale yet. So the margins are going — it’s going to be a little bit of a drag on the overall margins, just given that it’s a lot smaller revenue base —
Leland Strange: That’s pretty low revenues to be 30%.
Matt White: They’re shared resources. So it’s not just like everyone works on just this part or just that part. So there are some resources that work on both. So it is hard to kind of allocate that and it’s not something we look at too closely at this size.
Avi Fisher: And in your expectations, I mean, I think you gave out some guidance. What is the, if you said it, I apologize if I missed it. What’s the — did you guide to what the ex-Goldman revenue growth should be next quarter?
Matt White: We didn’t talk about it next quarter. There will be some puts and takes. You talked about the ParkMobile, the revenue and costs that will go away related to that. So there’ll be some caveats, but we didn’t give that specific number for the fourth quarter. But it will be — I would say, high single digits is what we expect.
Avi Fisher: Okay. And finally, there was a jump in deferred revenue on the balance sheet, which tends to bode well. Can you just discuss or disclose a little bit around that? Does that lead to future revenues? When does that hit, et cetera?
Matt White: It’ll hit over the next — within the next 12 months and most of that is just related to timing of payments. So some customers paying invoices a little bit earlier for services that we’ve invoiced for, but haven’t yet provided. So a lot of that will come. Some of that will come in the fourth quarter, but a lot of it, most of it will be in 2024.
Avi Fisher: And is that new customers or these are existing customers and just timing issue?
Matt White: Existing customers, just timing.
Avi Fisher: Okay, thank you.
Matt White: Thanks, Avi.
Operator: [Operator Instructions]. Thank you. At this time, we have no additional questions, and I’ll turn the floor to management for closing remarks.
Leland Strange: All right, well just wanted to say thank you, everyone, for your continued interest in the company. And if you have other questions, as I always said at the end, please feel free to contact Matt or myself. We’re happy to answer the question. And we’re very pleased with where we’re headed long term, even though we’re disappointed with some of the numbers point out. But either way, we’re going to keep doing what we’re doing, even though we’ve now added a salesperson. So thank you, everyone, for your attention and we’ll be talking to you later. Thanks.
Operator: This will conclude today’s conference. You may disconnect your lines at this time. We thank you for your participation.
