There are some other conversations like this also which are going on, and we remain very positive about the strength of our value proposition to our large corporate customers.
Rohan Mittal: And, Cobb, the number is 19, not…
Cobb Sadler: Okay. And so, in that — so roughly, yes — 18 — okay, 19. So $4.5 million to $5 million a quarter and — I’m sorry, Manish, go ahead.
Manish Hemrajani: No, I was just saying that number was 19 customers signed.
Cobb Sadler: Okay. Got you. 19 customers signed. Did you give an amount of which those might contribute — like the revenue associated with the 19?
Dhruv Shringi: Yeah. So, Cobb, the $18 million number that you were referring to, sorry, Manish, let me just address that. So Cobb, it’s 19 customers with an annual billing potential of $18 million. So which is the $4.5 million a quarter that you were referring to.
Cobb Sadler: Got you. That’s right. Okay. Got you. And that — you think that no crystal ball, you think that might happen six months out, maybe, if — some things take longer than expected, like, six to nine months out probably. That $4.5 million is incremental…
Dhruv Shringi: That’s right.
Cobb Sadler: …to the current revenue base. That’s $4.5 million a quarter. Okay. And then the other question was on…
Dhruv Shringi: Sorry, Cobb, can I just interrupt you. This is gross billing potential, not revenue potential, right? So the revenue number will be approximately 5% to 6% of this. [indiscernible] That’s right. Yeah.
Cobb Sadler: Okay. That makes more sense. It sounded abnormally big. So — okay. So — but still — and you’ve got 800 customers. So this is another 19, and that sounds about right. Okay. The other thing was on your buybacks. So what are the parameters by which you buy back stock? I mean, is there a valuation level? I guess you are trading — I mean, the shares are trading at a 50% discount now? Are there — yeah, 50% discount now roughly. And so when might you start buying back shares? What do you have to do to do that? You have to have a Board meeting or could you do it now if you wanted to? I guess, I am looking for timing and then what are the triggers for you?
Dhruv Shringi: So, Cobb, this is something that the Board is carefully considering with counsel, and we’ll go through this process. And in the relatively near term, we’ll come back and update our shareholders with our thought process around this.
Cobb Sadler: Okay. All right, sounds good. Thank you. Congrats on the IPO.
Dhruv Shringi: Thank you so much. Thank you.
Operator: We have no further questions in the queue. So I’ll turn the call back to Manish Hemrajani for any closing remarks.
Manish Hemrajani: Thank you, Lydia. Thank you all for joining the call today. As always, we are available for follow-up. Please feel free to reach out to us. Thank you. Thanks, everyone.
Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.
