Peter Platzer: Appreciate it.
Operator: Your next question comes from Austin Moeller with Canaccord. Please state your question.
Austin Moeller: Hi, good afternoon, Peter.
Peter Platzer: Good afternoon. How are you doing, Austin?
Austin Moeller: Very good. Hope you’re doing good as well?
Peter Platzer: That’s correct. I am.
Austin Moeller: Great. My first question here is there any pressure on the LEMUR constellation to get new satellites launched this year, just given the delays with Virgin Orbit? Or does the launch that you did in the first quarter and the progress on the root cause analysis make you confident that you can get those satellites launched on launch or one this year or move to another provider?
Peter Platzer: Yes, we are extremely comfortable with the current capabilities of the constellation and the launch plan and manifest that we have, which is, I would say appropriate conservative and not overly aggressive or in need of many launch vehicles or launches. I mean, we’ve done this 34 times Austin; we have 10 different launch providers. The team at Spire has exceptional connection to the launch market and there are a number of launch service providers outside of Virgin with which we have launched, which we have strong relationships and with which we continue to talk. So, we feel very, very relaxed about that side of the story of our LEMUR consolation.
Austin Moeller: Okay, great. And then just on the dark shipping tracking service is Ukraine war driving more government customer demand for that? Just given Russia’s been out there trying to move its Euros crude oil through lot of third party shipping companies?
Peter Platzer: Yes.
Austin Moeller: Okay, great. Thanks for the details.
Peter Platzer: My pleasure, Austin.
Operator: Thank you. And our next question comes from Ric Prentiss with Raymond James. Please state your question.
Ric Prentiss: Thanks. Good morning €“ afternoon everyone. Long day.
Peter Platzer: Good afternoon.
Ric Prentiss: Yes. Hey, a couple questions if I could. Thanks for the update on the cash raw. We were wondering when that was coming and remind us again, as far as the interest rate environment, how much interest expenses is going to be impacted as we think through this calendar year from drawing down on that?
Tom Krywe: Yes, I mean, it’s roughly like 15 million if you keep going at the same pace that we’re going for the quarterly amounts that we have to pay if we’re at roughly the same rates.
Ric Prentiss: Okay. And as you called out, obviously a couple things you want to focus on what you can control, focus on customer’s macro environment, any FX impact that affected you in 2022 and 2023?
Tom Krywe: I mean, 2022, we did have some impacts. Obviously we did really well to get to the guidance that we had put out. So, there was obviously impacts on that front for 2023, we’re doing the best we can to put that into all of our expectations and forecasts, so it’s all built in. We’ve talked to a lot of folks out there in the banks, and so we got as many points and estimates that we could, and that’s all been factored into the guidance that you have today.
Peter Platzer: Sorry. So the other thing that, that, that you see there is, is that we have been doing a very, very steady and deliberate effort to move more and more off our contracts into a U.S. dollar base which has a reducing impact and the mitigating impact on the, FX risk.
