Marc Bell: Oh, no, we were quite actively bidding. So, we have Mac Jan and his team have done a great job, and they are very actively running around the world, bidding on things at a very rapid pace. So, we’ve gotten in front of a lot of people, and people are coming to us. It’s great that the customers are now finding us. They’re seeing what we’re doing. We know the technologies and the abilities for mass production of small specs is invigorating the marketplace. People are proliferated, it’s not just for government, it’s for everybody. But we’re getting it from all — every country has somebody who wants to build their own constellation. Every country wants to have their own transfer later tracking layer, the DoD side, the military side of the country, commercial, they want to have their own 5G network. They want to have their own Internet of Things. They don’t want to just have a beauty Americans. It’s amazing.
Scott Buck : Yes. That makes sense and very helpful. Matt, can you tell us what contribution from Rivada was in the quarter in terms of revenue?
Mathieu Riffel : Yes. Rivada’s revenue was about — was around $6.7 million on a year-to-date basis in around like $5 million for the quarter.
Operator: Our next question comes from the line of Mark Stone, who is a private investor. Mark, please go ahead. Your line is open.
Unidentified Analyst : Yes. First, my comment was, I think a previous question a couple back, may have made a math there, and that comes out to $8 million of satellite, not $1 million of satellite on Rivada. And anyhow, my question is, presuming Rivada never gets a single additional sent for Rivada, do you have enough cash to make it through to cash flow positive?
Marc Bell: Yes, we do.
Operator: We have no further questions in on the line. So, I’ll turn the call back to the management team.
Marc Bell: As I know these people still people on left on the call. If anybody wants to ask a question, we are more than happy to take anybody’s questions. If not, we’re going to thank everybody for coming today. And I appreciate your time and your support. And we’re excited, everyone here at Terran Orbital was very excited going into the year-end and 2024 is going to be an amazing year for us. Hold on, I think we have a question, bear with me. I think it’s there. Is there a question? There is a question. Operator?
Operator: We have a question from Jordan Klein with Corporate Sunder Aviation. Jordan please go ahead.
Unidentified Analyst : In regards to the cash flow positive, with or without Rivada, what is the earliest possible quarter you see becoming cash flow positive, and worst-case scenario, what’s the latest down the road you see it happening?
Marc Bell: Yes. Thanks, Jordan. We’re still currently going through our 2024 budget and forecast cycle. So earliest will be Q1, late will be Q4, but the plan is to be cash flow positive during 2024.
Mathieu Riffel : A lot of that is just based on timing of programs.
Marc Bell: All right. As we have — we’ve got one more just popped up. Operator?
Operator: Our next question comes [indiscernible] of Investment. Please go ahead.
Unidentified Analyst : Yes. Can you please discuss opportunities within your pipeline where you just expect decisions within the next three months? And just maybe quantify what you expect within the pipeline to be announced within the next three months?
Marc Bell: Well, we don’t go through details on bids that haven’t closed yet. We just talked about the pipeline in general, but we were trying to give that was specific we don’t help our competitors figure out what we’re working on.
Unidentified Analyst : But within the pipeline, that’s got to be spread out probably over the next year or more. But is there any color that you can shed on maybe more near-term size without getting into specific programs as to what you’re looking for over the next few months?
Marc Bell: We expect to have — we set to have over the next six months some significant announcements to make. We’re seeing more and more large opportunities from both commercial and government entities from around the world. And so, we will have more color on that as they get announced, there’s some competitive processes that we are bidding on now. We just don’t want to go into detail or the phone.
Unidentified Analyst : And then with regard to commercial opportunities, what other commercial opportunities besides Rivada have you won or are optimistic about?
Marc Bell: We have many to be optimistic about, but back to the same answer. I’m not trying to be argumentative here. We don’t want to go into details on things that haven’t been closed yet. So, we are doing very well in the bidding process with a number of opportunities. And as they close, we won’t — we will publicly disclose them.
