Ross Seymore: Got it. Then, I guess if I think a little bit longer term, maybe in Wall Street terms, longer term, not so much in automotive, in the 2024 as a whole, Donald, what would you think would be the tailwinds and potential headwinds that you would look to as far as growth ramping out of your backlog, new product ramps, different types within user experience, sensing ADAS, those sorts of things? What are the pluses and minuses that you see looking into next year?
Donald McClymont: Well, in 2024, you’ll begin to see the thin end of the ramp of the designs that we began to win as we became a public company, which were significantly larger than the ones that we could command as a private company. And so, generally speaking, that’s really the beginning of that sort of second phase of the company’s growth, which we expect to take us into the back half of this decade. Again, we’ve spent a great deal of time in the ADAS space, the ASPs are significantly higher, the gross margins are higher in terms of mix, and that’s really going to be one of the heaviest drivers in 2024 and 2025 and beyond.
Operator: The next question is from Anthony Stoss of Craig-Hallum. Please go ahead.
Anthony Stoss: Hi, guys. A couple of questions. Tom, maybe you can share how much GEO was in Q2 and what you expect a GEO to be in terms of your guide for Q3. And then, Don, maybe if you can share some of the two OEM pushouts, what revenue would that have equated to?
Donald McClymont: Sure. The first one, Tony, we just aren’t sub-segmenting, as you may know. But at a higher level, I would convey that we’re delighted with GEO as an acquisition. It’s certainly bearing fruit already in terms of these large-scale programs. We had mentioned Bosch, Toyota, we’ll have some other names soon to be able to hit the market. And then, of course, we’ll have some other names soon to be able to share on that particular front. So, the long-term opportunity around GEO just continues to look better and better and then, on the second part?
Tom Schiller: Yeah. On the second part of that, I mean, these programs are significant. And when they fully ramp, which, of course, takes a little bit of time, they’re about $50 million combined annually.
Anthony Stoss: Okay. And then, shifting back to Tom, knowing what you’re expecting from OpEx in Q4, when you run the math, you’d be over $70 million in revenues to break even on a 55% gross margin for Q4. Is that kind of what you’re thinking of for Q4?
Tom Schiller: That’s the right idea. Yeah, $75 million roughly in revenue, gross margin in the, yeah, 54% range. I think that gets you there.
Operator: Thank you very much. Ladies and gentlemen, we have reached the end of the question-and-answer session. And we’d like to turn the call back to Donald McClymon for some closing remarks.
Donald McClymont: Thanks, everybody, for listening and see you at the investor conferences over the next few weeks.
Operator: Thank you very much, Sir. Ladies and gentlemen, that concludes today’s conference. You may disconnect your lines at this time and thank you for your participation.
