Unidentified Analyst: That’s really good to hear. One last question in regards to your guidance for Q1, close to down 3% year-over-year is what I’m seeing. Is this just due to the faster drop off from Disguise or is there also a slower ramp of military demand that are working together to cause this drop-off? And then moving on from there, if there’s a steeper drop-off now from Disguise, which will mean a less steep drop-off later on in the year, should we expect revenue to be down for the first couple quarters, maybe flatten in the second and then growth in the back half?
David Raun: So, first of all, if you — what I tried to communicate earlier, if you looked at first quarter of 2022 and first quarter of 2023, and you pulled out the media and entertainment business, you would see very solid growth of our other core business. So, because the media and entertainment numbers dropped so much and it’s not a big part of our number anymore. So what we said is we think this quarter is where it’s at and we think the next several quarters step up quarter-after-quarter. Am I answering your question?
Unidentified Analyst: Yes. But so — just to confirm, in terms of military demand ramping back up, is it going back up as you expected or are you still seeing longer like delays? And I know you said that it’s typically a cautionary business, but the past three quarters and even fourth quarter now have been relatively weaker. And I know there’s going to be more strength, but you don’t see that strength teetering towards the back.
John Morrison: We’re having a good Q1 in military.
Operator: There are no further questions at this time. I’d now like to turn the call over back to Mr. David Raun for closing remarks.
David Raun: Thank you, everybody, for joining us today. We’ve enjoyed sharing the latest progress at OSS with you today, and believe the Company’s strategy is solid and its future is bright. We look forward to speaking with you again in May, if not sooner. In the meantime, as always, feel free to reach out to John or myself at any time. And with that, let’s go ahead and wrap up the call.
Operator: Thank you, sir. Now, before we conclude today’s call, I would like to provide the Company’s safe harbor statement that includes important cautions regarding forward-looking statements made during today’s call. One Stop Systems cautions you that statements in the presentation that are not a description of historical facts are forward-looking statements. These statements are based on company’s current beliefs and expectations. Such forward-looking statements include, for example, those regarding the Company’s expectations for revenue growth generated by new products, future changes to its business objectives and design wins amongst other things. The inclusion of such forward-looking statements and others should not be regarded as a representation by OSS that any of its plans will be achieved.
Actual results may differ from those set forth in the presentation due to the risks and uncertainties inherent in our business, including, without limitation, that the market for our products is developing and may not develop as we expect, military conflicts, global pandemics and other disasters or public health concerns, including COVID-19 in regions of the world where we have operations, customers or source material or sell products may affect such market. Our operating results could be negatively impacted by inflationary pressures, supply chain constraints, increased interest rates or other economic conditions. Our operating results may fluctuate significantly, which would make our future operating results difficult to predict and could cause operating results to fall below expectations or guidance.
