Operator: Thank you. Next question is coming from Mike Matson from Needham and Company. Your line is now live.
Joseph Conway: Hi guys, this is Joseph on for Mike. Could you maybe talk about the new patient and REPAP backlog internationally? I guess the way that I understand it is it’s fully worked through in the U.S. but there’s still work to do internationally. I don’t know if you — if that’s the case and if you could size that at all.
Mick Farrell: Yes. Look, I don’t think we’ve fully worked through the backlog of patients in the U.S. in terms of patients who want to get whose insurance has got to the five-year point if their Medicare or three, four, five depending on which private payer they’re under. And so I do think our competitors’ actions slowed down that, that particularly if they’re on a competitive device and the demand limitation and the physician saying, look, I’ve got to take care of new patients. They weren’t as prone to write prescriptions or to allocate REPAP, if you like, for patients. So I actually think there’s some runways still left on REPAP within the U.S. geography, and I think that’s even more so in other markets. As Rob just noted and as we talked about the engagement with consumers and patients in different geographies is driving mass growth and any quarter that have 14% revenue growth in masks in Europe, Asia, rest of the world would be incredible.
And that’s not driven by any recall dynamics whatsoever from a competitor. Everybody’s been competing in masks globally. And so I think that speaks to our ability to hopefully have a sustainable approach to REPAP not only in the U.S. where we have incredibly strong relationships with Brightree and myAir directly to patients, directly to providers but the ecosystems that we are generating in some of our other sort of omni-channel markets around the world. So I think the opportunity for REPAP in the U.S. is still there over this fiscal year and beyond, and to make it a rhythm, right? So it becomes a steady part of the growth of the devices and to drive it. I think there’s even more opportunity in the other parts of the world leveraging the work we’ve done on the mask side to then remind patients and track them when they’re at that three, four, five-year time period to pull forward.
Now I want to be there with the appropriate supply, so I’m not jumping ahead of ourselves, but we do have the programs and capabilities to do that, but I think the demand is there inherently.
Operator: Thank you. Our final question today is coming from Saul Hadassin from Barrenjoey Capital. Your line is now live.
Saul Hadassin: Good morning, Mick, and good day, Brett and Rob. Just wondering on masks, it’s been a while since we’ve seen some new product coming out from ResMed. Just wondering how much has the recall — better recall impacted on your ability to continue to focus on new product development and new product launch? And I guess on the mask side, should we expect anything for near-term in terms of a refresh of the mask portfolio? Thanks.
Mick Farrell: Yes. So it’s a great question and yes, our R&D team, have obviously been incredibly focused on the re-engineering, the resupply and the redesign on our core device platforms, and we’re able to do that, right? So we’re able to get the supply back of Air 10s, as you saw, and Air 11s. But yet, look, I — we had the whole board down in Sydney last quarter, and we were looking through the pipeline of devices and masks and it’s incredible. It’s really exciting. I don’t like to get ahead of my commercial teams, and one of them is at the table with me now telling me to keep quiet. But I can tell you I’m very excited about the pipeline. There will be new innovation, new masks from ResMed as we go through this fiscal year.
