Steve Nave: I’m not sure if we’re sharing that level of detail yet about the exit rate on the year, but you’ll certainly — we’ll certainly bring you along for the ride throughout the year, and you can see those — the see for yourself as those trends improve.
Andrew Uerkwitz: Got it. And then.go ahead.
Brian Mariotti: I think as we get towards the very end of Q3 and Q4, we’re going to start seeing our EBITDA in the double digits in the positive. So we are getting back to historical numbers that Funko has operated for years and years. Again, like Steve said, it’s going to take us a little while to get there. But as we end the year, we’re going to feel like we’re in a really, really good place going into Q1 of 2024. So with numbers that are much more in line with how we’ve we operated the business for the last couple of years.
Andrew Uerkwitz: Got it. That’s helpful. I appreciate it. And then last question, I guess, how is this affecting — now that you kind of come back in the seat and you’ve always been a creative guy. Dealing with all these issues, is it holding back R&D projects or growth initiatives or anything along those lines?
Brian Mariotti: No, look, we made some conscious decisions on some of our initiatives to push into 2024 so that the entire company was focused on one thing, which is to be operationally a heck of a lot better than we have been and to cut SG&A. And so I think, yes, we’ve made a couple of sacrifices for the very short term. It will not affect the promising nature of some of those investments 2024, but we wanted the entire company pulling in the same direction in terms of fixing our ales as fast as we possibly can. Look, we had a fairly watched ERP process. And unfortunately, a really nice warehouse that was configured for an ERP and WMS that never arrived on time. But I think it is important for us to continue all of the company falling in the same direction on fixing these two problems.
The meanwhile, that we have three new product lines that are all launching middle of this year or later that have had a phenomenal response from our retail partners on a global basis, one of which is the pop that we’re just insanely excited about, which is a micro pop collectible. So we feel like a much better content slate, three great new products dropping, planned to more than double Mondo since we’ve acquired it. Loungefly seems to be on fire. And we just have to fix our fulfillment issues and some of our operational issues while we reduce SG&A. And so the focus has been on Napa. I think you’re still going to see some new disruptive products in the market, and then we’ll pick up with some of the other new initiatives we have in 2024 as we get that — the business back in order as fast as we possibly can.
Andrew Uerkwitz: Got it. Really appreciate to counter on that. Appreciate guys. Thank you.
Brian Mariotti: Thank you Andrew.
Operator: We currently have no further questions, so I’ll hand back to the management team for any closing remarks.
Brian Mariotti: Yes. I would appreciate everybody’s questions and their lines. So thank you very much.
Operator: This concludes today’s conference call. Thank you all for joining. You may now disconnect from the call.
