So we’re targeting our internal R&D and also efforts that we’re making in collaboration with some of the prime contractors to really be able to achieve improved performance over what we can achieve today but doing it at smaller package and at a lower cost. Exactly where that ends up in specific dollars in the sense and specific numbers of kilograms remains to be seen, but that in a general sense, is where we’re headed.
Robert Smith: And when do you think we see some actual product and revenue?
Thomas McClelland: That’s a little bit hard to estimate. I think there are some things that currently are scheduled in the 2025 kind of timeframe, calendar year 2025, perhaps 2026. I think that’s probably what we’re looking at.
Robert Smith: Yeah. And I think you shared with us that you felt that there was a considerable addressable market there. Could you at all give me some average kind of figure that I can work with and get my arms around?
Thomas McClelland: That’s a little bit tough to do. The satellite business is definitely growing. And the trend is towards the systems that involve a very large number of low earth orbit satellites. So I think it remains to be seen exactly how big that market becomes.
Robert Smith: But you’re certainly kind of if not redirecting, I mean you understand what the potential is and you’re going to go for it?
Thomas McClelland: Can you repeat that? I’m sorry, I didn’t quite catch —
Robert Smith: Yes. I assume that you understand fully what the potential is and you’re going to go for it.
Thomas McClelland: Oh, yes, yes.
Robert Smith: Okay. All right thanks and… yeah, sorry.
Thomas McClelland: Well, there are two aspects to that. One is what the potential is, but I think the other very important thing is that that’s the direction the satellite business is going. And if we don’t pursue it the satellite business starts to disappear. So…
Robert Smith: Yeah, I understand. Well the recognition is powerful. I wish you well. Thanks so much.
Thomas McClelland: Thank you.
Operator: [Operator Instructions] The next question comes from Michael Eisner, Private Investor. Michael, please proceed.
Unidentified Analyst: Hi. Great job. 22% increase in revenue from previous quarter. Do you feel you can continue that growth?
Thomas McClelland: Well, I don’t want to talk about specific numbers, but we feel very confident that we will have continued growth.
Unidentified Analyst: Okay. How is — any part delays or inflation causing any problems?
Thomas McClelland: Well, we’re continually dealing with problems. That’s really a part of the business. But I think in that regard, things are easing up. We’re seeing less difficulty than we were three months ago or six months ago. I think more and more we certainly encounter much longer lead times on parts than what historically we’re used to. But more and more, we see that we’re given initially lead times of six months or even a year but then we actually received delivery of parts in two or three months. And so that’s very encouraging. But we still have to have to deal with long lead times and the challenges associated with that.
Unidentified Analyst: Okay, so the part delays, it’s getting less. This has been going on for a couple of years now.
Thomas McClelland: Yeah.
