Fuad Ahmad: Yes. Maybe I’ll answer that. Yes. I think that’s generally accurate. I think we had kind of a heightened cost structure or heavier cost structure in Q3, a little bit into Q4 because as you know, our Q wasn’t — K wasn’t filed until end of July. And then coming into next year, I think we’ll see some reduction. I think we get back to kind of a more normalized manner. And I think I’ve said that in the past, but I think we expect that to happen in 2024.
Scott Buck: Okay. Perfect. And then last one, quick one. Did you guys repurchase any shares during the fiscal third quarter?
Fuad Ahmad: We did not.
Scott Buck: Okay. Perfect. Appreciate the time, guys. Thanks a lot.
Max Carnecchia: You got it, Scott.
Fuad Ahmad: Thank you.
Operator: Our next question will be a follow-up from Mike Grondahl with Northland Securities. You may now go ahead.
Mike Grondahl: Hey, guys, thanks. Just Max, you had said year-to-date mobile check deposit had 925 million transactions. Do you have a similar apples-to-apples number for the prior year just so we could see what transactions are growing?
Max Carnecchia: Sure. Now, this is imperfect, but what I recall us doing in FY2022, the team celebrated eclipsing 1 billion checks transacted for the year, and it was the first time that that had happened. So you basically have, let’s call it 1 billion in FY2022 and whatever that number was through the end of Q3 just to kind of give you a sense now, obviously that’s not going to help you with price increases and the contribution of Check Fraud Defender or any of that stuff, and where those checks come from, kind of the mix of those checks, depending on which partner or which customer they come from, they’re going to be priced at a different level. But just to give you kind of a swag, which is probably the best I’m going to be able to do off the top of my head.
Mike Grondahl: No, that’s fair. That’s fair. And then Fuad, is there — you mentioned G&A at $11.5 million over like $6.6 million, and you said there were some one-time fees and some corporate expenses you had. Are you able to back out any one-time fees for us just so we know what kind of a core number is there?
Fuad Ahmad: I think we — when you look at our reconciliation GAAP to non-GAAP, I think we provide that reconciliation because those were GAAP numbers. I mean, those are GAAP numbers, as you know. But you can see that reconciliation. I think the big one in Q3 was the non-recurring audit fees, and we backed out $800,000 for that. There were some non-recurring litigation costs backed out approximately $400,000 there. So you will — you should be able to get that kind of the back out for the non-GAAP piece from those line items.
Mike Grondahl: Got it. And then —
Fuad Ahmad: I mean I think the reconciliation does a good job, and I think you’ll be able to see what’s in the G&A section.
Mike Grondahl: Cool. And then just two more questions, one, Max, I just want to verify the multi-year, multi-million, Check Fraud Defender customer. That was new, I think you said. Any thoughts when that comes online?
Max Carnecchia: Yes. I tried to give a sense as to how long; it depends on the size of the bank and their compliance and regulatory issues, the technology. You can switch it on in a day, right? It’s all cloud deployed. But I think in this instance could take us six months to nine months to get them to a place where they’re transaction — where they’re transacting in production at scale.
