Lisa Miles: Thanks, Madeline. Bring on we have the next question please.
Operator: The next question is from Drew Ranieri of Morgan Stanley. Please go ahead.
Drew Ranieri: Hi. Thanks for taking the questions. Just to start, I think it was David’s question, but can you just talk about the pull forward in engineering revenue in the fourth quarter? And is it possible if you could quantify what the pull forward was in terms of revenue?
Marco Dal Lago: Yeah, we have acceleration in our progress in some projects in Q4 more than expected to accommodate some customer request. So, we are accelerating our revenues in Q4 for about €7 million to €8 million in engineering. As mentioned in my commentary, we €“ something similar happened to COVID. We have been able to delivery – some products expected to be delivered in Q1, again to accommodate customers requests.
Drew Ranieri: Got it. And then, just as we were thinking about guidance for the year, the commentary on a step down from fourth quarter into first quarter, understandably there is a few dynamics here, one is COVID, two is engineering pull forward that we were just discussing. So can you help frame what maybe 8% decline would be sequentially from the fourth quarter to the first quarter, so we are kind of all on the same page about the full year progression?
Marco Dal Lago: What we can tell you today is that, we expect stronger second half of the year and the evolution on quarter-after-quarter will be growing in 2023 similarly to what we have done in 2022.
Drew Ranieri: Okay. And then, maybe just lastly on the backlog. With COVID revenue falling off, can you discuss how you are thinking about backlog for the year and potentially order intake, maybe what’s embedded in your 2023 guidance in terms of book-to-bill or anything that we should be thinking about there and in the past you’ve quantified, maybe what your backlog was for the current year and following year? So just wondering what your current backlog implies for 2023 and 2024. Thank you for taking the questions.
Marco Dal Lago: It’s something about the meaning of the backlog for us that is obviously an important indicator of the demand but it doesn’t represent the full picture. Full picture about the demand landscape and also the demand trends is also different forecast that we regularly discuss with our customers to look in there into their future needs in the short and the long run. So, now we are back to something that is more similar to what was the situation before the pandemic. During the pandemic, the orders coming from customers changes as we took and has became longer. Now we are back to a situation that is normalized and very similar to the year before the pandemic. So, in many cases, that we have some backlog from any other interaction with customers support our €“ in the year.
Lisa Miles: Thanks, Drew. Can we have the next question please?
Operator: Ms. Miles, gentlemen, there are no more questions. At this time, this concludes our conference call. Thank you for joining. You may disconnect your telephones. Thank you.
