So I would say supply chain is improving, but we still have very real challenges. The other challenges that you mentioned that we and others face persist. Inflation, interest rates, currency work against us and work against our distribution partners. We have seen their behavior change pretty quickly, given the aggregate effect of those areas. And they’re hanging on to their cash. But what we’ve learned over the past three years is how quickly things can change. Whether you’re talking about when COVID first hit or inflation spiked up, et cetera, we’ve seen things change pretty rapidly. And we’re now even seeing currency move back in the direction of our distribution partners. But with that dynamic backdrop, we’ve got to be very thoughtful in trying to take all of this into account.
There is no doubt that supply chain, elongation of receivable cycles, those challenges continue in the business. But we do our very best to take all of that into account as we provide our guidance, and we’ll provide transparency as we move forward.
Rick Wise : Okay. Thank you. One last one for me if I could. And maybe we’ll pick on Bill a little bit. Welcome to the call, Bill. I’ll ask you the tough questions. I appreciate that quarters are tough to predict and as you say, not perfectly indicative of what’s going on in the business. But maybe just good housekeeping suggests that we should — I should at least ask about the first quarter. Current — thank you for the first half, second half split, that’s helpful. If I look at the current consensus midpoint and the midpoint of your guidance, that might suggest a first half 50-55 kind of range. And I’m looking at the first quarter consensus at 25 and change, $25 million and change. Are you comfortable with this 27% sequential step down fourth quarter to first quarter? Am I setting — am I expressing this all correctly just as we get the year underway?
Bill Burke : Hey, Rick, thank you. And I’m happy to be at ViewRay here, and I appreciate the question. I’m going to try to stay away from specific quarterly guidance, but we did put out 25% to 40% growth for the year, which is a really healthy growth for us. And that growth range represents about 18 to 20 revenue units. And I’m going to just reiterate what you just said, which is we did say that the revenue would be weighted to the back half of the year to about 60%, right? So I’m going to stick with that for now. I do want to reiterate again that although we understand there’s quarterly numbers out there, right, we still believe that the value of the company is definitely better viewed as — on our annual guidance, our annual performance than a quarter-to-quarter basis.
But I also do want to say quarters are important for us internally, too, right? We have — how the cadence of installations run and the resources that we have to provide, both from a human resource standpoint and also from inventory planning is critical. So we do try to pace those installations and thus revenue units evenly throughout the year. So there is a business need to do that. So when you do look at the quarters, obviously, they’re going to be more evenly weighted than 10 units at 1 quarter per se. So I’d like to just stick with the 60% in the back half of the year and so my other quarterly comments that I made.
Rick Wise : Sounds good. Thank you.
Scott Drake : Thanks, Rick.
Operator: Your next question comes from the line of Jason Bednar from Piper. Your line is now open.
