John Morrison: 25%.
David Raun: 25%.
Eric Martinuzzi: Okay. And that 25%, you’re saying that becomes less than 10% in 2023?
John Morrison: That is correct.
Eric Martinuzzi: Okay. All right. And then, as I look out to — you’ve given us a couple of numbers here for 2023, the revenue comp for Q1, you’re talking about at 16.6, that’d be a minus 3% revenue comp. You’re talking about roughly 0% for the year. So, how do we think about the out quarters — is it they’re roughly kind of 0 to 2% in the out quarters, or is the front half of the year we’re expecting a contraction, and then really kind of growth in the back half, a better way to think about it?
David Raun: I just kind of visualize it, kind of a steady step word — upward to get to approximately flat. And to give you a little more color on Q1, for example, if we were still doing the same kind of business levels, the higher business levels, the media and entertainment customer, we would have set a new record — all time record for revenue for a quarter and it would’ve been — for Q1, would be — and we’ve never ever had a big Q1. So, I think it kind of tells you that the rest of the business is pretty strong, because the number’s pretty small for them. In Q1, the number is much lower than it was in Q4. And Q4 was lower than Q3.
Eric Martinuzzi: Yes, that’s what I asked about the first question, or I guess it was my second question, where you’re kind of fighting at least a 15% headwind and still coming up flat is how I was — is another way to frame that 25%…
David Raun: Flat — assuming those things materialize we’re seeing additional margin points. So margin dollars should be up for the year.
Eric Martinuzzi: Yes. And then, I don’t know if you’re willing to comment on it, but gross margin dollars up for the year. What about adjusted EBTIDA? You finished out 2022 with adjusted EBITDA $5.2 million and a 7% adjusted EBITDA margin. What are we thinking about for 2023?
John Morrison: So, it’ll be very consistent with that which — that which we reported in 2022 as a result of some additional expenses that we’ll be incurring. It’s going to be flat right around $5 million.
Eric Martinuzzi: And then, Dave, you said the CEO search is underway, got some good candidates, and we should think about kind of a mid-year hire. Is that correct?
David Raun: Yes. It may happen sooner because we’ve got really good candidates we’re talking to right now, but that’s what internally we’re targeting, and I’m just staying flexible. So, if it’s quicker, fine; if it takes longer, I’m here.
Operator: Your next question comes from the line of Joe Gomes from Noble Capital. Please go ahead.
Joe Gomes: I wanted to start, maybe you could just kind of walk us through a little bit more, I understand the military opportunity. But a year ago, Dave, we were all about autonomous trucks and how that market was the real one that we’re going after. And we’ve kind of made the big switch here now to the military. Just trying to get a better handle as to what caused that and what is now the plan on the autonomous truck side. Where do you see that business growing? I know you talked about two of the clients were the top 10 in revenues for 2022. How do you see that going into 2023?
