Robert Berman: I think we’ve all seen young companies that have crazy CAGRs, right? Like, when you look at Rekor from 2018 forward and remember the revenue that we have is, there’s no legacy revenue here from anything that’s not related to what we’re doing today. So, I said in the script that, we expect to double revenue again this year. So when you think about that, I think you can expect that to continue at that type of growth rate and it will accelerate if the funding mechanisms are — there’s two challenges, the funding mechanism, which we think we have solved, right? But no guarantees, but we think we have it solved. And the second is, expanding our footprint so that we can do business in the states that we can transact with today, but haven’t been able to get to.
So, we have customers that want to do business where we can’t get to them, right? Because we’ve been bogged down in other places, but we think we have a solution for both. So I would say if both of those things come together, the funding mechanism and the way we’re approaching expanding the footprint so that we can handle the business, then we can exceed the growth that you’ve seen to this point, right? I mean, it could just accelerate and increase. So I think…
KC Ambrecht: Okay.
Robert Berman: …when you look at the history of it, I think, it’s pretty impressive, and I think, it’s just very early stage, okay? The size of this market is massive, okay? The technology is being adopted. There’s no question about it, right? And it’s just a matter of being able to execute the business and get out there and do it and that’s a high class problem. So you just figure out, okay, how do we do this, and you just figure out how to do it and you go do it and that’s where we are now. That’s where Rekor is at a point where it’s — it just needs to execute now. The business is there and we just need to figure out a way to execute and we will.
KC Ambrecht: Great. Thank you very much for all your time.
Robert Berman: Okay. Thank you.
Operator: Thank you. And at this time, there are no further questions. Now let’s turn the floor back over to Robert Berman for any closing comments.
Robert Berman: Yeah. Well, thanks, everybody. Thanks for the support. Thanks for your patience and time. And I think Rekor, look, I think, we had a fantastic quarter. I think we’ve had a fantastic year. Introducing the technology is not all that easy, right? It’s not something that’s black and white. There are things that happen along the way. But because of the team we have and the people we have and the hard work that they’ve invested in this, I mean, we’ve gotten through it, right? So this company is now at the point where it’s going to scale and you’re going to see it. You’re already seeing it. You may not realize it, but you’re seeing it, right? And it’s going to continue and it’s going to accelerate and it’s going to grow.
And this market is massive because at the end of the day, you’re replacing legacy technology with something that’s needed. I think everybody on this call can understand the need to have a connected layer of digital technology across these roadways. That allows for so many other things to happen, right? And Rekor is the company that’s going to do that in the same way that the guys that rolled out electricity back in the early 20th century did what they did. That’s exactly what we’re doing, okay? And then once you put that electricity grid out there, somebody else comes along and says, hey, can I hang my phone line on your electric pole, right? There’s a whole bunch of other things to come together with that. And we have all those pieces and that’s what we’re solving for and we’re on a path to do that.
We’re going to execute that plan and we’re going to get it done. And we thank you all for your support and patience, and stick with us, stick with us. It’ll be worth it, okay? So much appreciated everyone.
Operator: Ladies and gentlemen, that does conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.
