Andrew Shapiro: Yeah. Hi, guys. When you said I could do it again, that’s when your conference call service has this voice that interrupts and tells me that my hands raised. So I didn’t hear you, but thank you for letting me back in. On Voltrek, what do you feel remains in incremental SG&A spend and time involved in order to build out the sales and service infrastructure required to extend Voltrek reach across the US?
Mike Jenkins: Yeah. What we’ve said previously is we were looking to double the size of the organization, primarily in new sales roles and project management and execution capabilities. We’re well on our way down that path. We’re not completely there yet, but we’re well on our way, I would say, probably at least halfway from where we were to where we need to be.
Andrew Shapiro: Okay. And in terms of the earnout, remind us what is the duration on the rest of the earnout and it’s based on revenue or EBIT or cash flow generated?
Mike Jenkins: It’s a three year fiscal year earnout. So the first year was completed at the end of fiscal 2023. There’s two years remaining their earn-out is based on EBITDA. And there is a — there are discrete targets for each fiscal year with a cumulative ticker potential at the end of year three.
Andrew Shapiro: Okay. And you’re able to — since its EBITDA, you’re able to allocate appropriately the incremental hires in costs that you’re putting in place for the build-out? Yes?
Mike Jenkins: That’s correct. It’s a fairly self-contained operation.
Andrew Shapiro: Okay. Great. And last, regarding just Investor Relations calendar, what’s on the slate for your upcoming non-deal road shows or investor outreach activities over the rest of the year or the upcoming quarter?
Mike Jenkins: We have a non-deal road show coming up that’s virtual in about 10 days or so the 21st. And we have other conference in September and November. We can send you those details offline.
Andrew Shapiro: Yeah. But just which are the conferences for the benefit of the transcript here for others to be able to reach? Do you have that offhand?
Mike Jenkins: One is Craig-Hallum and one is H.C. Wainwright. And I think, I won’t name the non-deal road shows, since that’s usually done fairly discreetly, but we can get you an invitation, if you would like to do that offline.
Andrew Shapiro: No. The calendar works out, that would be great. Thank you.
Operator: That concludes today’s Q&A session. I will now turn the call over to Mr. Jenkins, for concluding remarks.
Mike Jenkins: Thank you, operator, and thank you, everyone, for joining our call today. I look forward to updating investors in coming months and quarters, as we execute our growth plan in fiscal 2024. Additionally, we continue to pursue opportunities to meet with investors in person or virtually. For example, as we just discussed, we expect to attend the H.C. Wainwright Conference in New York in September. For more information on planned events, or if you would like to schedule a call with management, please contact our Investor Relations team, whose information is included on today’s press release. Once again, thank you for attending.
Operator: Thank you. That concludes today’s call. You may now disconnect.
