Jim Sidoti: So just to be clear, so now that you have these pumps out there, you do expect them to generate some type of service and consumable revenue in 2024 the patients, who are using these pumps. Is that correct?
Rich DiIorio: Yes. Yes that’s correct. I don’t think it’s a big number. I think it’s hundreds of thousands of dollars, not millions of dollars for the pumps that are out there today. The hope is that, as we add more equipment in the market the consumable piece drives up with it, but it’s not millions of dollars in ’24, it’s a relatively small number.
Jim Sidoti: Okay. All right. And then assuming that things play out the way you’re saying and you do see some decent revenue growth with margin expansion that should translate into better cash flow. When the cash flow does start to improve, what’s going to be the priority? Is it debt pay down? Are you going to look at other opportunities? What do you think regarding cash generation?
Rich DiIorio: Sure. Yes. So I think, our priority is still to grow the business to feed the business where we have to. When there are devices to buy with the money or acquisitions to make, then we’ll look at, is it debt? Is it stock buybacks? And it’s what we’ve done in the past, right? It’s opportunistic. If we think the stock is a good value, then we’ll go buy some stock back. You can see in the third quarter, we paid down debt with it, write a couple of million dollars. So there’s a variety of factors, but I think the priority is still number one to invest in the business when we have to. If we have a window of opportunity where we don’t have to invest in the business, we’ll look at buybacks, we’re paying down debt.
Jim Sidoti: All right. And then exactly — I’m sorry.
Barry Steele: I just say, one good thing on our debt structure is that, we can pay down debt and they don’t lose our commitment. So we know a borrower back. So we have a good efficient way of handling short-term ebbs and flows of our cash flow.
Jim Sidoti: And then with regards to GE, how many more folks do you think you need to bring on to service all their equipment?
Rich DiIorio: We’re probably down to get in regional technicians in place in certain geographies. It’s a couple of dozen people. It’s not a ton of guys.
Jim Sidoti: So you’re about 80%, 90% done with the staff audition?
Rich DiIorio: Yes, I think that’s a fair assessment.
Jim Sidoti: Okay. All right. Thank you.
Rich DiIorio: Thanks, Jim.
Operator: As we see no further questions. This concludes the question-and-answer session. I would like to turn the conference back over to Rich DiIorio, the CEO of the company for any closing remarks.
Rich DiIorio: I want to thank everyone for participating on today’s call and we look forward to our call in the spring to discuss our fourth quarter and full year results. I hope everyone has a great day.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may all now disconnect.
