Jeff Martin: Great. And the last one for me is update on the impact platform, what’s the uptake rate? What kind of responses are you getting? Do you see that being a longer-term driver of revenue growth acceleration?
Paul Walker: Yes. Jennifer Colosimo, President, Enterprise Division is on. Jen, do you want to take that one?
Jennifer Colosimo: Of course. Thanks for the question, Jeff. We are seeing a tremendous impact from the impact platform. The vast majority of our English speaking clients are on that platform. We now have our primary languages launched in an early fall and winter we’ll have our secondary languages, getting us roughly to 24 languages that will be launched in. What we’re finding from clients is, as we talk about collective behavior change at scale, the platform makes it so much easier to deploy and scale and get real behavior change. So, where – I think our better technology story is also driving new logos, some of the multi-year’s great use cases continuing to see the impact of that as it rolls out around the world.
Jeff Martin : Thank you, Jen.
Jennifer Colosimo: Thanks, Jeff.
Operator: Thank you. One moment for our next question. Our next question will come from the line of Nehal Chokshi from Northland Capital. Your line is open.
Nehal Chokshi: Yes. Thank you and congrats on the great quarter. So, I think you guys would agree that invoice value and that year-over-year growth is an excellent in-quarter metric. And that definitely improved on a year-over-year basis. Looking forward, what kind of invoice growth would you need in order to maintain confidence in that initial fiscal year 2024 EBITDA perspective?
Paul Walker : Yes. And so, it’s a great question. First, we mentioned to achieve our – the reason we’re quite confident in maintaining our outlook targets of fiscal 2024 of 57 million of adjusted EBITDA and then fiscal 2025, 67 million is that the total company revenue growth level, reported revenue growth level, we need that high single digits, low double digits, call it, 10% is what we would need to achieve those targets. We feel very good about that. In fact, as I mentioned a minute ago, the $28-or-so million, $28.7 million of growth we’ve achieved in the last 12 months, if we did that same thing again in the next 12 months, that would be roughly 10% growth. Your question, at a company level, your question around invoiced subscription sales need to be a little bit ahead of that, right, as those invoice sales eventually convert into reported sales.
And so, growing a little bit ahead of that is what we would need to see, and we’re feeling good and confident enough in that to put out those and reaffirm those EBITDA targets for the next two years.
Nehal Chokshi: Okay. And so, just to be clear, for the first three quarters, your invoice value on an overall basis, I think, is up mid-single digits now for the first three quarters. So, sounds like you do need to be in the high single digits to low double digits in order for you guys to achieve your fiscal 2024 and fiscal 2025 objectives. And you’ve talked about expectations of a strong fiscal fourth quarter. So, that sounds like you are expecting your invoice levels on a year-over-year basis to accelerate as well in fiscal [indiscernible]. Is that correct?
Paul Walker : Yes. We are expecting them to accelerate in the fourth quarter and then through the first – meaningfully through the first part of next year, absolutely.
Nehal Chokshi: Got it. And what has given you that confidence that will indeed accelerate? Because it doesn’t look like you’re coming into a materially easy comp into the fourth quarter here?