David Wagner: Well, the ones that are at the bottom of the pipeline, I can tell you that we’ve got confidence we can – we know that the national programs where they’re working, and they — they take time to close and it’s hard to control all the governments closing time line, but we know that they’re nationally approved projects. So that’s what gives us confidence. In terms of larger top of all pipeline where the direction goes next year and the year after that’s what we’re putting out position yet to be guiding on the onetime for next year at this time.
Koji Ikeda: Thanks for taking the question guys.
David Wagner: Thank you.
Operator: The next question comes from Kash Rangan from Goldman Sachs. Please go ahead.
Unidentified Analyst: Hey guys this is Jacob [Ph] on for Kash. Thanks so much for taking the question. A lot of good questions ahead of me, so just a couple of simple ones from me. The 32 sequential adds for the CEM customers. Can you provide a split on how many of those were net new customers and how many of those were existing customers that adopted CEM? And then additionally, I noticed that stock-based comp was down 700 bps, I think. Yes, it was 8% of total revenue versus 15% last quarter and 12% in Q1. So how should we think about that on a go-forward basis? Thanks so much.
David Wagner: I don’t have a split on the CEM, but I gave in the top five. We had three new CEMs and two upsells in the top five. I think it is roughly 50-50, we can follow up with you on that nonmarket follow-up review. On stock-based comps, you’re seeing — beginning to see a real intentional focus on the management team and the comp committee. Yes, just to focus in on stock-based comp, and then the number shared with others is pretty clear way our Evergreen program works, it’s 3% a year. And so we’ve got real specific budgets that we’re working towards that 3% to 4% net in gross equity burn for the next three years. So 2023 becomes kind of in my way of thinking kind of new normal for Everbridge going forward from a dilution perspective. And 2022 was high for several, I think, good reasons. But as that moves through, we’ll be moving down to the closer to the 4% range.
Operator: [Technical Difficulty] to Mr. Wagner for his closing remarks.
David Wagner: Well, thank you everybody, for participating. I just want lots of good questions on the onetime and those are important. We remain focused on profitable growth and driving the recurring revenue and recurring part of our business forward. Over the next few weeks, we’re going to be on the road with investors at several conferences, including the Needham Virtual Tech Conference on November 16, the UBS Global Tech Conference on November 28, the Wells Fargo TMT Summit on November 29, the Raymond James, TMT and Consumer Conference on December 4 and the Barclays Tech Conference on December 7. We look forward to speaking with many of you at those events and we’ll speak with the rest of you again soon. Thank you for your supporting our mission and confidence in our ability to achieve it. Jason?
Operator: Thank you for joining us today for the Everbridge Third Quarter 2023 Earnings Conference Call. You may now disconnect.
