Faith Brunner: Hey guys it is Faith on for Arjun. Again, congrats on the quarter. I just wanted to talk a little bit now that you’ve breached that inflection point, what are the levers that you guys have at your disposal from both the top line perspective as well as margins that I know you touched on previously to kind of keep this level trending as you kind of go back towards historic net income numbers?
Eyal Harari: So, thank you Faith and good morning. I think to start with 2022 was a third consecutive year of growth and as you see our guidance, we are looking to continue growing also in 2023 in double digit levels. In the software company with the gross margins of 73% in 2022 and we are looking to have similar levels in 2023. A lot of the top line goes to the bottom line. I mentioned in my prepared remark and was asked in the previous questions, we are able to maintain our operational expense in controlled manner and we did not see a need to increase our operational teams despite these goals and additional customers that we work with. This is why we say that a significant part of the top line is inflated to the bottom line.
We see this trend in profitability KPI improving along the last three years along with growth. So as we are expecting to also grow this year working and executing with our existing and new customers we are expecting this to be improving also the profitability and continue to generate cash flow during 2023.
Faith Brunner: Okay great, thanks. And then I just want you to talk about RADCOM ACE for a second, we’ve been hearing a lot about it in your recent deals, can you just talk about how this solution brings customers to the table and how it is contributing to the overall pipeline?
Eyal Harari: So, RADCOM ACE is a solution that was born in the cloud for telecom operators as they transform into 5G. And like many of our competitors who are based on legacy and platforms that will build for the 4G networks and appliance base, we build ground up all our technology around and cloud native architectures. This allows us now to be focused not only on the infrastructure, but we are continuing to add more innovation into the value. Some of our other market players are busy today to ingrate or build cloud native solutions, this is something we already have for the last two years and we got endorsement from the recent wins, companies like DISH that are very advanced in the cloud may be the only operator that is fully cloud native utilizing AWS.
So this allows us to direct our R&D investment into creating additional edge. And as pointed out before, AI technology is amazing and we are trying to harness these great tools to allow additional value to our customers as they are required to optimize and save costs and by leveling this technology we are able to add a lot of machine based applications for automation and it is aligned with our long term strategy to help operators become more autonomous. So we are seeing great response from our customers and prospects about RADCOM ACE and we believe this is probably the best product out there for 5G assurance in the cloud.
Faith Brunner: Awesome, thanks for the color and again congrats on the year.
Eyal Harari: Thank you, Faith.
Operator: This concludes the RADCOM Ltd. fourth quarter and full year 2022 results conference call. Thank you for your participation. You may go ahead and disconnect.
