Greg Palm: And are there any other additional sort of restructuring expenses that are going to linger here? Or should we just think about the Q3 Linear earn-out as just sort of the last one of these kind of unusuals?
Alberto Recchi: Yes, that should be the last unusual item for this quarter, yes. On the cost side, look, we’re looking at cost savings everywhere we can. For example, this recent move to Nasdaq, right, it’s part of the strategy. Specifically, on that, our forecast has us reducing security exchange-related expenses by 6% to 7%. From a personnel perspective, the SG&A should be in line of the previous quarter. And professional fees and other spending related to being a public company will — should remain in line as the previous quarters.
Operator: Next question comes from the line of Jim Ricchiuti with Needham & Co.
Jim Ricchiuti : Can you just elaborate on that order that was pushed? Maybe just quantify it in terms of size from Q2 that you’re anticipating in Q3.
Alberto Recchi: Yes, it’s —
Greg Kress: Thank you — thanks for calling — yes, go ahead, Alberto.
Alberto Recchi: Yes. I’ll just comment, it’s about $600,000. I mean we would have closed the quarter with a 9 handle in front of the number showing high single-digit growth.
Jim Ricchiuti : Got it. That’s the — and so software revenue was what, about $740,000 or so in Q2?
Alberto Recchi: Say again, James. Sorry, I lost the –
Jim Ricchiuti : I was going to ask about the software revenue in Q2. It sounds like it was, what, around $740,000? Is that right?
Alberto Recchi: Yes, about that.
Jim Ricchiuti : And just if you could remind us, what did you guys do last year in software? You’re anticipating – you’re still saying you’re anticipating a doubling this year?
Alberto Recchi: Yes. Last year, we closed at $1.8 million.
Jim Ricchiuti : Got it. Okay. And then the other question I had is on the information we provided on enterprise customers. I think you said about half of the revenues in the quarter were from enterprise. Wondering if — is that mainly existing customers? Are you seeing any contribution of size from newer enterprise customers when you provide that metric?
Greg Kress: Yes. When we’re looking at that metric, that also includes new customer acquisitions that are coming in. So we’ve actually seen some sizable orders from really, really large enterprise customers. As we’ve been doing a lot of work building that business development pipeline, they’re starting to transition into orders. So we’re seeing really, really good progress there.
Jim Ricchiuti : And then last question, just on some of those awards where you put some, Greg, some annual revenues associated with it over the next multiple years. Do they scale to those kind of levels on an annual basis in ‘24? Or is that something that is going to gradually move up and at some point in ‘25, you start seeing that kind of a contribution on an annual basis?
Greg Kress: No, it’s a great question. We actually start a lot of the work in Q4, but we’ll realize the benefit of that starting in Q1 of next year. So yes, I think from a modelling perspective, you could probably realize the full benefit in ‘24.
Operator: [Operator Instructions] There are no further questions at this time. I would like to turn the floor back over to Greg Kress for closing comments.
Greg Kress : I just wanted to take the time to thank everyone for joining today’s call. We look forward to providing you with future updates as we close out next quarter. Thank you.
Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.
