Rick Wheeler: Well, I mean, we have operational needs for that money. I mean, to the extent that we do anticipate our rental revenue will see a hit to the extent that, that $20 million contract, for example, that was going to generate more incremental revenue over the course of time is going to represent a deficit in the near term. And these gaps that we mentioned too, which seem to be a seasonal affair with some of these offshore exploration activities and seismic projects that we’re involved in. So that money will go a long way towards operational needs at this point in time. And then we will certainly examine whether there are other deployments of that cash that makes sense.
Scott Bundy: So regarding PRM, are there still potential final investment decisions out there that you guys are aware of that you might be associated with?
Rick Wheeler: There are. And as we’ve said before, those – we don’t expect anything to really happen this fiscal year towards the conclusion of those discussions. But yes, there are still discussions associated with PRM systems with more than one oil company as they examine either initial data that they’ve acquired to give them a better feel for how they want to instrument a permanent situation on those reservoirs. And that is exactly why that it’s not going to be imminent when that happens.
Scott Bundy: Lastly, guys, regarding Quantum, can you give us an idea and I’m just going to use the word pilot programs associated with these people who are quoting where you guys are quoting activity? Are there a number of pilot programs out there?
Rick Wheeler: Yes, there are actually several that are under discussion. I don’t think we believe all of them are going to happen all at one-time. They will incrementally be ones that come to pass, but there’s definitely more than one out there. And of course, we’re still talking to the government in various situations about new deployments of that technology with government agencies as well.
Scott Bundy: So, as part of this CapEx a result of these pilot programs that you are putting to work out there?
Rick Wheeler: No, I don’t think there is no significant CapEx involved in what needs to go on there.
Scott Bundy: For evaluation, that’s interesting. Okay, guys. Thank you.
Rick Wheeler: They’re just not large.
Scott Bundy: I got it. Enough for them to make an evaluation is what you’re telling me.
Rick Wheeler: That’s exactly right. You got it.
Scott Bundy: Okay, thank you.
Rick Wheeler: Thanks, Scott.
Operator: If there is no further questions at this time, I will now turn the floor back over to Mr. Rick Wheeler for any additional or closing remarks.
Rick Wheeler: Alright. Well, thank you, Natalie, and thanks, everybody that listened to our call today. We look forward to speaking with you again on our conference call for the second quarter of fiscal year 2024, which will be in May. So, thanks and goodbye.
Operator: Thank you. This does conclude today’s Geospace Technologies first quarter 2024 earnings conference call. Please disconnect your lines at this time, and have a wonderful day.
