Alan Edrick: Sure, Larry. Yeah. Our goal is always to show operating margin expansion on some of these contracts as we ramp up and have the productivity improvements. We absolutely expect that, as well as to leverage certain economies of scale. Certain contracts will carry — inherently carry a little bit higher margins than other contracts, but our goal is for continued operating margin expansion.
Deepak Chopra: And this is Deepak here. I just want to add on to it. The other side of it. Definitely when you ramp up very fast, supply chain becomes a challenge and we are continuing to work with that. Good news is that we are very much working together with our vendor base, but that’s always going to be a challenge, especially when you ramp up very, very fast.
Larry Solow: Excellent. Great. I appreciate all color. Thanks, guys.
Operator: Thank you. One moment for our next question, please. And it’s from the line of Josh Nichols with B. Riley. Please proceed.
Josh Nichols: Yeah. Thanks for taking my question and great to see the very healthy double-digit growth forecast for fiscal 2024. I think just to kind of in pointed a little bit or how to think about the model for 2024 but also beyond? You have this record $1.8 billion backlog, any approximation for what guidance implies and how much of that backlog is going to extend beyond this fiscal year, but more 2025, 2026?
Alan Edrick: Josh, this is Alan. So it’s a good question. Based upon what we are seeing out there right now of that $1.8 billion, we would expect about roughly $1 billion of that to be deliverable in fiscal 2024. So quite a bit of it still to be delivered beyond fiscal 2024. So a good position to be in.
Josh Nichols: No. That’s great to hear. And then you had a pretty nice improvement in cash flow for fiscal 2023 despite some of these investments. I know you mentioned you are going to have to make some more inventory investments at least while you are ramping up for the first couple of quarters. Is the expectation that cash flow is going to be up year-over-year as well back to kind of like the normal $100-plus million cadence or a little bit lower given some of the inventory investments you are going to be making this year?
Alan Edrick: Hey, Josh. It’s Alan again. Although, we don’t provide cash flow guidance. Directionally, our cash flow is expected to be impacted by the growth in inventory and accounts receivable, as you are mentioning, associated with the large international cargo contracts, the timing from those. And as you are also saying, we do currently believe there will be some H1 investment in this regard. But suffice it to say that, we do expect cash flow to be very, very robust for this as we begin these deliveries and start collecting from our customers on some of these large orders.
Josh Nichols: So is it fair to say probably up significantly in the back half, right, where the front half was just having a little bit more investment for inventory specifically?
Alan Edrick: I think that’s fair to say.
Josh Nichols: Yeah. And then I just want to hit on, Deepak, you talked about it briefly. How should we think about the company’s opportunities to expand service revenue? I know a lot of these large awards are on the products front, but you have had some success with CertScan and other offerings you do and how should we think about the service revenue growth expectations for fiscal 2024 and the opportunities on that front?
