And then we will take some of our products that are difficult to sell through the channel, like accessories, cables, this sort of thing and we will run those through the Drop site. In terms of acquisition, we have got a pretty a six-month scheduled out integration where we will be largely trying to combine activities to save some OpEx. The revenue synergy, which I am more excited about is going to be ongoing. We are starting that immediately. So we are looking at SKUs now that we can put into the channel. Some of that takes some time. If you want to put a product into Best Buy, the next window is probably Q1. So that will happen over the next year or two.
Unidentified Analyst: Okay. Great. Thank you.
Operator: Your next question comes from Drew Crum with Stifel. Please go ahead.
Drew Crum: Okay. Thanks. Hey, guys. Good afternoon. On your peripherals business, can you comment on your retail inventory position heading into the second half and the conversations you are having with retail partners and their willingness to restock inventory levels going into the holidays? And then I have a follow-up.
Andy Paul: Yeah. I mean, Q2, the time we got one in the Q2 is pretty neutral. I think we have — in terms of our sales in versus sales out, I think, we have said on previous calls that we largely cleared up our channel inventory last year overall to the tune of about $100 million, which we thought was excess and so this year has been generally neutral, obviously, depends on category. But, yeah, I wouldn’t say we are concerned about having too much inventory in the channel at this point.
Drew Crum: Okay. And then, Andy, just a follow-up on the Drop acquisition. I think there was a comment in your preamble suggesting that you hope to replicate your experience here with similar to Elgato. Is that more of a qualitative comment or would you aspire to grow sales 3 times as you have with the Elgato asset? Thanks.
Andy Paul: Well, both, I mean, we are not obviously including that in any kind of guidance, because we have been together for 5 minutes. But I think there’s a big opportunity. I don’t know how big that is yet, because the DIY keyboard market is very new and there’s lots of small players. So it is similar to when we bought Elgato and that the streaming market was then very small. And we are anticipating that this market will grow at a fair crack, but it’s very — it’s too early to say whether this is something we could double sales or triple or but we obviously believe we can make some significant impact.
Drew Crum: Okay. Got it. Thanks, guys.
Operator: Your next question comes from Colin Sebastian with Baird. Please go ahead.
Unidentified Analyst: Yeah. Good afternoon. This is Reese [ph] on for Colin. Hey, Michael and Andy. I guess we have two questions. One would be, could you maybe just talk about the keys to success that worked Elgato and the products there? Maybe some of the things you did more on the internal side that wouldn’t be as present to investors that you could maybe replicate with drop. And then maybe just looking at the guidance, what is — looking at the environment stay, what is required to kind of maybe get to the upper end of the guidance range or what does the environment need to look like for that to happen? Thanks.
Andy Paul: All right. Well, let’s hit those one at a time. So what we did with Elgato was fairly straightforward and it’s actually typical to most of the startups. So let me back up a second. So most of the small companies we buy and I am talking about sub-$50 million companies, spend half their life battling cash flow, significant — a significant amount of their overhead is in G&A. And so we are just not able to focus on purely bring products to market and that’s no different than Drop. It’s been a bit of a struggle for that company over the last few years to be cash flow positive, so they spend a lot of their time trying to raise money and that sort of thing. So all that goes away allowing them to completely focus on said products we are bringing to market.
That was very similar to Elgato when we did the Elgato carve out, we left behind the G&A, because it was a company with two divisions, we bought one of them. So that’s the first thing that’s focused. The second thing is we took a lot of their key products into a much wider channel. So with the Elgato, within about three months, we had some of their key products in every single Best Buy store. And we are obviously going to try and replicate the same thing with Drop, because that you never know how fast this stuff can roll out. And we are a bit too late now to sort of get into pre-2023 holiday situation, those things we usually planned out in advance. So, yeah, we are going to try and do exactly the same thing. It’s just a question of how big the market is and how fast the market grows.
