Kimo Akiona: Maybe just a little add-on to what David already said. If you look at frame-up 2022, right? Like David, if you look at what we’ve already achieved, like on the revenue front, like we’ve exceeded 2019 levels, I think like your comments specific that you picked up, if you go into kind of some forward looking language that was in the prepared remarks, we talk about our leverage range, right? And I think, specific to something I said in there was if you look at the midpoint of our leverage guidance, so call it 3.5 times. In that we’re already saying that we have some macro pullback in the, call it the back half of the year. But I think implicit in that, right, I think you kind of get to a point where you can see us, I’ll use the word challenge 2009 EBITDA, right?
I won’t say fairly easily, but we’re already talking about being back at that level. So, 2022, we exceeded 2019s level of revenues based on investments that we’ve made, right, primarily in R&D and our commercial team. EBITDA is lagged a little bit compared to 2019, but I think we feel really, really great about the 2023 setup as it relates to EBITDA compared to 2019.
David Bain: Awesome. I promise this one will be short. The Spectra cabinet, I mean, top cabinet performer according to some surveys it’s within the portrait category, which is the deepest I believe so. How do you really support that? I mean, you talked about 30 games. Can you compare to that 30 titles? Can you compare that to other cabinet launches that you’ve done in terms of being able to support it with content? And I ask, I know that we’re doing 1,000 games historically per quarter so it’s going to have a €“ should have a nice differential to you. But this is something that can really break if we have enough content and where we stand there?
Brad Boyer: Yes. David, I’ll take that. This is Brad. Great being with you today. So I think Spectra is really a culmination and reflection of all the changes we’ve put in places as an organization. This product was very carefully launched with content that we sort of knew featured form factors that were very prominent and relevant in the market. We tested it extensively, as you may recall we had it in the market with some prominent operators prior to G2E. So we were able to sort of sell that performance, so to speak at the show to customers. And not only that, so not only the preparation on the front end but we supported it on the back end as well, right? We we’re expecting to launch this cabinet with over 30 titles in year-one to support it.
So we have a depth of content to support the launch that we’ve never had before. So from the front end side, those are some highlights. I would also add, I think it’s equally as important, this is a cabinet that our operation and production team had sort of participated in the design of from Day-1. So it’s a very value engineered cabinet, very margin friendly cabinet, and so in this current day and age of some inflationary cost pressure that everyone likes to talk about, having this value engineered cabinet has really helped us. You saw it a little bit in Q4, if you look at our product sales margin; they were up a couple hundred basis points sequentially. And as we highlighted in the prepared comments, as we move into 2023 and Spectra grows to comprise a greater portion of the mix, you should see that gross margin number start to move even higher.
So just a lot of really good things going on with Spectra, a lot of content well tested before it ever went out into the market commercially and we’re really excited about the prospects for it here in Q1 and beyond.
David Bain: Awesome. Thanks Brad and nice execution of the team again.
Brad Boyer: Thanks. Appreciate it, David.
