Kate Duchene: Right. Well, I mean, our model that’s what we love about this model in times of transition is that it is very agile and that 80% of our — 70% of our cost structure is variable so keep that in mind. Now the part that is not variable, we’ll continue to look at very critically if we see revenue continue to decline or decline more quickly because of a recession. But keep in mind, if you ask me overall how I think about the business, I think it’s a matter of timing right now. I think we are so well positioned with our clients to deliver what they need. It’s a matter of timing because even in a deeper recession, and we saw this coming out of past recessions, clients cut too deep and then they need to turn to us before full recovery in order to get work done that is non-discretionary. So to me that the challenge in the business right now is timing that opportunity.
Mark Marcon: Appreciate that. Thank you.
Kate Duchene: You’re welcome, Mark. Thank you, Mark.
Operator: Thank you. One moment please. Our next question comes from the line of Stephanie Yee of JPMorgan. Your line is open.
Stephanie Yee: Hi. Good afternoon. I was wondering, if you can help us with what the implied revenue decline is in the fourth quarter guide versus the 4.1% decline in the just reported third quarter?
Jenn Ryu: Yeah. Sure. Hi, Stephanie. The fourth quarter at the top end of the guidance range at $183 million. We are looking at about 12% year-over-year decline. And compared to the third quarter, we’re looking at about an 8% decline. But let me just — again, we’re going to — if you think back to Q4 of last year, it was an extraordinary quarter and our revenue cadence over the two fiscal years, it flipped a little bit. Last year was — we were accelerating throughout the entire year. And — but on a year-to-date basis, if you look at what we’re guiding, we’re essentially flat to last year on — if you were to exclude taskforce.
Stephanie Yee: Okay. Great. That’s super helpful. And I know, Kate, you just gave a bunch of color on HUGO. But we were wondering if you have any preliminary information to share on how many active user candidates are already on the platform?
Kate Duchene: Yeah. So we have strong adoption from the talent base. We have — we’re not disclosing that level of detail yet, Stephanie, because it’s still a growing platform. So I don’t want to set expectations while we’re still learning, but we have captive pools in each of the three markets that I would say are approaching critical mass and have proven to be very sticky. And our turnaround times are really improving in terms of matching opportunity with talent. So we’ll continue to monitor this. And then as the platform becomes more successful and stable, we’ll be sharing more detail.
Stephanie Yee: Okay. Great. Thank you.
Kate Duchene: You’re welcome.
Operator: Thank you. One moment please. Our next question comes from the line of Marc Riddick of Sidoti. Mr. Riddick, your line is open.
Marc Riddick: Hi. Good afternoon. So I was sort of want to follow up on the last question around HUGO as far as you made mention on some early learnings. So I was sort of curious as to maybe could you talk a little bit about what some of those learnings are, as well as if there’s much in the way of differentiation between the three markets, is what you’re experiencing in these early days similar across the board? Are you seeing any differences that are somewhat regionally based or how should we think about that?
