Jeff Osborne: Got it. Another quick one, Bob, on the modeling side. There was a bunch of one-off in the OpEx. Can you give us a run rate for the first of the year, for the full year, how we should think about total ad on an annual or quarterly basis?
Bob Ginnan: I think when you look at the fourth quarter from an OpEx perspective, it’s pretty indicative of where we are now. And I think that’s a pretty good run rate.
Jeff Osborne: My last question is just to think about pricing. And I think Rick mentioned that the cab chassis is a bit more interest Is that maybe lower prices vehicle say that’s on .
Bob Ginnan: Jeff, you broke up a little bit. So, can you repeat that, you said something about the — or the sales price of the cab chassis versus the full vehicle, but I didn’t quite understand your question.
Jeff Osborne: I apologize I got a bad connection here. I was just curious if there’s more interest in the cab chassis than anticipated what that does to average.
Bob Ginnan: You’re talking about average pricing across the two different other cab chassis or step in? Is that what you’re asking?
Jeff Osborne: That’s what I was trying to get…
Bob Ginnan: Yes. You kind of saw some indications in the fourth quarter, you can kind of do some backward math in terms of revenue and the number of vehicles sold. We didn’t sell any drones. We did have some stable in sales revenue. We had some drone service revenue, so you can probably get to a back of the envelope calculation for a range. As we ramp up, prices are pretty — a little better than we thought when we did the modeling. — we are looking at when we’re receiving some big orders. We can have some discounts in there, but they’re not huge discounts is what I’d say, right? I think we have one dealer has indicated they want to buy somewhere between 250, 260 vehicles this year already. So just one customer.
Operator: Our next questions come from the line of Mike Shlisky with D.A. Davidson. Please proceed with your question.
Mike Shlisky: Good morning, and thank you for taking my question. I did miss your first few comments that these areas and answered, just let me know. First, could you comment on the potential royalties that might be coming or not be coming from the old Lordstown deal. It sounds like there was a filing that they’re trying to get out of the deal. I’m curious, can you just kind of leverage us do that. And are there any unusual legal costs, we would be looking at for 2023 to get that deal in force. It’s a big number. It’s like probably worth nine figures to Workhorse. So, I just want to make sure that, that’s still going to happen.
Rick Dauch: So, as we stated in our release, we believe that the royalties still apply regardless of the status of the agreement. But I would also say that the main dependency here is they got to ship trucks, and that’s the deal at the end of the day, that’s what generates the royalty. So, we believe we still have the royalties in place, and that’s kind of where we stand right now.
Mike Shlisky: It’s not a start to that cover, but I’m person they have shipped a few just asking about, at this point, have you invoiced them for that hack change that they might owe you for the first handful?
Rick Dauch: No, we’re still waiting on reporting so that we can do that next step.
Mike Shlisky: Okay. Great. Kind of moving on, I don’t want to open any old wounds here and open up the old USPS question again. We are now awarding EV contracts beyond just Oshkosh. They are somewhat smaller, but they are awarding them. They just award over in 9,000 vans yesterday. Is there very active buyer there? Does Workhorse have any opportunities to bid on those comp orders going forward? — is going to be that…
