Blair Abernethy: Great. Thanks very much for that and nice job on the year guys.
Shai Lustgarten: Thank you, sir. Appreciate your support.
Operator: Your next question for today is coming from , a private investor.
Unidentified Analyst: Shai, how are you doing, my friend?
Shai Lustgarten: Good, sir. How are you, Rich?
Unidentified Analyst: Good. Congratulations hitting that $100 million cash flow positive. And I know this is — I’ve mentioned this, I’m always concerned about this one part is based on the current cash you have, the credit lines, the growth that you have, you feel pretty confident that you’re able to meet these – the backlog and without having to raise on equity at this point in time?
Shai Lustgarten: Yes. We feel comfortable about that. And like we just had that discussion yesterday with one of our friends here internally and where I mean, this person like yourself, Rich, he have been with us for a long time now and we’ve been as much, I would say, sensitive times before. So today, we’re much stronger and definitely have more tools to cope with different events not only internal like the growth you mentioned, et cetera but we just went through Covid and recessions now and stuff like that. And you’re seeing that we’re still continuing our growth – and continuing to support our growth and do a lot of very exciting things. So the answer is yes.
Unidentified Analyst: Yes. And the other thing is that drives me crazy. I look at record doing $20 million a year in revenues, losing a ton of money, creating in a market cap that’s probably twice your market cap today. And based on where you currently are, you’re in exciting areas. What is it going to take for a company in the industry to say, these guys just broke through the $100 million level. We got to work with them. We want to have an ownership in this company. And I would not mind if a major company said, we’d love to give you $25 million and really work with you in some areas. What point revenue wise would you have to be at? What point technology wise would you think that would be at?
Shai Lustgarten: I’ll answer it to you this way, Rich. We have our objectives and agenda. We wake up every morning to execute that. We measure ourselves every morning on last — on yesterday measure everything we did until that morning and see if we’re going the right way. We have our objectives and our plan. We have an amazing team that executes that. We have a groundbreaking technology that gives something that doesn’t exist in many areas we penetrate. And we’re getting approached but again, this is a board decision always how to advance with the approaches that we’re getting. We’re just very excited here getting — executing our plans, getting our objectives done and trust me, Rich, as you know, and seeing what we’ve done till now, we only by the performance or by very measuring everything that we do to the details, we learn internally that we could actually double our objectives every year and that’s what makes us excited.
And whatever comes, whoever notices, whoever is going to be interesting, that’s great. We’re just going to continue our success.
Unidentified Analyst: Perfect. So I greatly appreciate as always. Keep up a great job.
Shai Lustgarten: Thank you, sir. Appreciate your support.
Unidentified Analyst: You bet. Of course.
Operator: Your next question is coming from Neil , a private investor.
Unidentified Analyst: Hi, Shai.
Shai Lustgarten: Hello, sir.
Unidentified Analyst: Hi, I got a couple of quickies, before I get to what I really wanted to ask you. I’m just trying to clarify a couple of things. What would the margins have been in Q4 if you didn’t have those two nonrecurring one-time items?
Neev Nissenson: Margin?
Shai Lustgarten: Yes, go ahead, Neev.
Neev Nissenson: I think that the margin would have been – it would have been closer to 20%.
