Gregg Kitt: Okay. And my last question was around free cash flow. You had a good cash flow quarter and you guys had guided to that. And so I was excited to see you generate positive free cash flow. As we look forward to this year, is there some reason that you wouldn’t be generating positive free cash flow if you did kind of high teens to $20 million of EBITDA this year?
Brett Johnston: Yes. We’re certainly optimistic about where we’re at in building on the positive operating cash flow from Q4. We’ll have some integration costs that fell off as well. So certainly, there’s a lot of optimism that, that’s going to continue and increase.
Operator: The next question comes from George Melas from MKH Management. Please go ahead.
George Melas: I just want to follow up on Gregg’s question on SG&A. This quarter, it was $9.8 million. But if you take out stock-based comp, the transaction-related expenses and some other adjustments, it was roughly $8.5 million. Is that $8.5 million on a sort of normalized SG&A? Is that a good number to use? Or are there some investments that will that will bump that up during 2023?
Brett Johnston: George, it’s Brett. I’ll take that again. Yes, so the integration expenses are going to continue as we integrate through — we mentioned earlier in the call that we expect those to be completed by Q3. So I would expect there to be some continued integration expenses there that would taper off. But the other piece is certainly our — sorry, go ahead.
George Melas: No, you go ahead, I’m sorry.
Brett Johnston: No, I was just going to say, I think you’re thinking about it right. The other pieces that you called out would be related to SG&A, the add-backs.
George Melas: Okay. So in a way, we could have a run rate, sort of like that normalized SG&A could be $8.5 million. There will be some transaction-related expense or integration-related expenses in the first half or maybe all the way to the third quarter, but then I guess they stopped.
Brett Johnston: Yes, that’s fair.
Operator: This concludes the question-and-answer session. I would like to turn the conference back over to Ray Hatch for any closing remarks.
Ray Hatch: Thank you, operator. I appreciate it. I think I want to go back and just mention again something that hopefully we mentioned throughout the call, how positive we feel about 2023. We did go to maybe an unusual circumstance of putting January and February numbers in the press release. And the reason why is it illustrates some of the reason why we feel so positive. We learned a lot. We’ve adjusted the issues that caused it back in Q4. We have a lot of growth possibilities ahead of us. We have a lot of positive things going on. We’ve got great customers and we’re building on top of them and expanding within them. Our value proposition, whether it’s our data or the breadth of services we’re offering, is ringing pretty clearly through the marketplace.
We’ll continue to capitalize on that throughout the year. So I’m excited about that. I want to thank everybody for their interest in Quest. We greatly appreciate that. And also importantly, I want to thank the Quest team for the ongoing efforts to deliver the value that they’ve been doing and, more importantly, what they’re doing on a go-forward basis. All our initiatives are working well right now. I’m very optimistic and excited to see how they turn out. And I look forward to keeping all of you up to date in the quarters to come. So thank you very much.
Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.
