Good day, ladies and gentlemen, welcome to the Akoustis Technologies Fiscal 2023 third quarter conference call. As a reminder, this conference call is being recorded. At the conclusion of the company's presentation, Akoustis management will take questions. To ask a question, please press star one on your keypad to be placed into the queue. A replay of the call will be available on the investor relations section of the Akoustis website. Thank you, operator, and good morning to everyone on the call. Welcome to Akoustis third quarter fiscal 2023 conference call. We are joined today by our founder and CEO, Jeff Shealy, CFO, Ken Boller, and EVP of Business Development, Dave Aichele. Before we begin, please note that today's presentation includes forward-looking statements about our business outlook. All statements other than statements of historical facts included in this conference call, such as expectations regarding our strategies and operations, including the timing and prospects of product development and customer orders and design wins, possible collaborative or partnering relationships, litigation matters, and expected financial and operating results are forward-looking statements. Such forward-looking statements are predictions based on the company's expectations as of today and are subject to numerous risks and uncertainties. The company and our management team assume no obligation to update any forward-looking statements made on today's call. Our SEC filings mention important factors that could cause actual results to differ materially. Please refer to our latest Form 10-K and Form 10-Q filed with the SEC to get a better understanding of those risks and uncertainties. In addition, our presentation today will also refer to certain non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measure is presented in our earnings call highlight release available in the investors section of akoustis.com. I would now like to turn the call over to Jeff Shealy, Founder and CEO of Akoustis. Thank you, Tom, and welcome everyone to our fiscal third-quarter conference call. While the broader economic environment remains challenging, Akoustis drove unit and top-line growth once again to achieve another quarter of record revenue of $7.4 million, which was within the 20%-40% growth range we guided to on our last call. We are experiencing interest across our growing product portfolio in all our end markets. Wi-Fi and 5G Mobile remain the primary revenue and unit drivers in the March quarter, and we expect this to continue throughout the calendar 2023 as we add new customers and new design wins across both markets. In terms of specific trends during the March quarter, Akoustis had 2 greater than 10% customers. XBAW-related sales drove the top 5 customers and 7 out of the top 10 customers. Our top 10 customers made up 59% of revenue. Our top 25 customers made up 75% of revenue. In terms of regional sales, 3 out of 5 and 5 out of our top 10 customers were Asia-based. Further, we added a 5G Mobile customer into our top five customer ranking. Finally, our top two customers in Q3 increased their sequential revenue with Akoustis by 335% and 79% respectively. Moving on, during our last call, we highlighted several macro challenges that led to broad weakness in our SAW filter business across multiple markets, including automotive, IoT, medical devices, particularly in China and Europe. During the March quarter, we experienced some recovery across each of these markets, although forward visibility in China remains challenging. Despite persistent economic challenges, we expect to continue top-line growth in the June quarter, driven by XBAW unit growth, continued improvement in our SAW filter business, and favorable seasonal trends in our wafer service business. We expect to ship additional filters to our first tier-one 5G Mobile customer. We have entered the U.S. carrier market in Wi-Fi, as highlighted in a recent announcement. We expect further growth from our consumer and enterprise-class Wi-Fi customers, including HP Aruba. Finally, we continue to execute on our contract business with DARPA as we are involved in multiple projects that are redefining the capabilities of XBAW technology. We continue to expect incremental sequential revenue growth each quarter throughout the calendar year as we execute across multiple markets in our growing product portfolio, which includes Akoustis XBAW solutions, SAW filter, crystal timing products, and wafer services. For the June quarter, our current backlog supports sequential revenue growth in a range of 10%-20%. We remain focused on driving revenue and unit growth across all our target end markets, with a particular emphasis on 5G Mobile and infrastructure, Wi-Fi 6E and 7 AP, IoT, and automotive applications. As indicated in January, we began shipping high-volume XBAW filter solutions to our first 5G Mobile customer in the March quarter. I would now like to take a moment to discuss recent developments involving the CHIPS and Science Act of 2022. The CHIPS Act was signed into law on August 9, 2022, and is designed to boost U.S. competitiveness, innovation, and national security. The law aims to infuse investments in domestic semiconductor manufacturing capacity, as well as jumpstart R&D and commercialization of leading-edge nanotechnologies and create new regional high-tech hubs. The domestic manufacturing program is being implemented by the Department of Commerce, or DOC. R&D investments in nanotechnology and the creation of regional high-tech hubs are being driven by the Department of Defense, or DoD. Akoustis' current activity related to CHIPS includes proposal activity with both DOC and DoD related to programs for domestic semiconductor manufacturing, R&D, and commercialization of leading-edge nanotechnologies. As of today, we have one DoD proposal which was submitted during the March quarter with Akoustis as the lead contractor focused on electronic warfare, or EW, for defense applications. The proposed five-year contract, if awarded, has an initial program budget of over $150 million. Our proposal incorporates multiple partners, including over 10 industrial and government labs, as well as numerous university partners focused on the goal of developing and manufacturing semiconductors into advanced RF modules at our 57 acre campus located in upstate New York. One of the technologies we seek to integrate into our New York campus includes the breakthrough high-frequency XBAW research from our existing DARPA contract. It is worth noting that the program is a competitive process, and we expect the DoD to announce their award selections by mid-summer. Akoustis is active in expanding its domestic manufacturing footprint, including both semiconductors and advanced packaging at our New York campus under the DOC CHIPS for America program. The application is a multi-stage process, which is outlined clearly in the Notice of Funding Opportunity, or NOFO. Consistent with the published process, Akoustis submitted its Statement of Interest, or SOI, in late March. We are currently in the middle of the pre-application process, with full application submissions beginning by the end of this quarter. In parallel, we are working closely with the local, regional, and state government of New York for financial support to include in our application, which is due later this quarter. We expect the CHIPS application to include multiple semiconductor partners which intend to manufacture semiconductor materials, wafers, and/or packaging on our campus. As far as magnitude of our DOC application, we plan to propose a project contemplating spending up to approximately twice our current market cap to establish 200 millimeter silicon wafer manufacturing capability, as well as a U.S. advanced packaging center. As per the NOFO, a CHIPS award is expected to include a grant, refundable investment tax credit, or ITC, and direct loans and loan guarantees. The mix of these components will determine the attractiveness of the DOC CHIPS for America program for our company. We are aware of the targets in the NOFO and are currently in discovery with the DOC to optimize various components to suit a small cap company like Akoustis. We believe the DOC wants this program to be successful for all sizes of companies. They have been very attentive regarding our concerns and requests. We expect to have clarity by our next quarterly investor call. Beyond those two specific programs, we will continue to seek opportunities to leverage this CHIPS Act program. I would now like to discuss several compelling updates in our primary target markets, beginning with 5G Mobile. During the March quarter, we successfully ramped our first 5G mobile filter product with a tier 1 RF component customer. This customer has designed a multiplexer using our XBAW technology, which is on a reference design with a tier one chipset maker. Our customer is currently sampling its multiplexer with multiple tier one and tier two handset OEMs. We currently expect multiple mobile handset design wins in the next 3-6 months. In addition, in the March quarter, we successfully delivered to one of our tier one RF module maker customers the second of two customer design XBAW filters. We delivered the first filter in the December quarter. The customer has begun characterization and testing of both XBAW filters for down selection. Finally, we delivered the second iteration of a first XBAW filter sample to our second tier one 5G mobile module customer for a module that is expected to ship in late calendar 2025. Looking ahead, our expected milestones for the June quarter in 5G Mobile include the successful completion of an on-site quality audit of our New York fab by a tier 1 mobile device OEM, continued delivery of our high-volume XBAW shipments to our 1st tier 1 customer to secure a 2nd XBAW RF filter development order from our 1st 5G mobile customer for a product that is expected to ramp production in the 2nd half of calendar 2024. Finally, to deliver 2 new Wi-Fi 6E7 XBAW foundry filter products to our tier 2 5G RF module customer for access points and mobile applications. Next, I would like to discuss our recent developments in the Wi-Fi market. During the March quarter, we completed the development of our new four series, 5.6 gigahertz and 6.6 gigahertz Wi-Fi 6E7 XBAW filter solutions that enable broader use of the UNII through four bands involved in high-frequency Wi-Fi architectures. Furthermore, we ramped initial production volumes with a multi-billion dollar U.S.-based carrier in the cable market. The customer is using our Wi-Fi 6E XBAW filter solutions to deliver last mile connectivity to both the home and business markets. This is one of three carrier-focused Wi-Fi design wins we announced during the December 2022 quarter, and we expect the other two customers to begin shipping in the near term. We received our first Wi-Fi 7 design win during the March quarter, as we announced in our press release on May 3rd. This customer is a tier one enterprise OEM and has ordered our recently announced 5.5 gigahertz and 6.5 gigahertz XBAW filters. Finally, in March, we began a relationship with a new tier two RF module customer for the Wi-Fi access point market. This customer is a growing Asia-based RF module maker that is rapidly becoming a dominant RF player in its region. We have received an order from this new customer for the development of new Wi-Fi 7 XBAW filters for the access point market, which we expect to deliver in the second half of calendar 2023. Looking ahead, our anticipated milestones for our Wi-Fi business in the June quarter include sampling next generation XBAW filters to tier one enterprise OEM for new Wi-Fi 7 platform, enabling full utilization of UNI one through four and UNI five through eight bands. We expect to receive 2 additional Wi-Fi 6E7 design wins. Finally, we plan to sample our new 5.6 gigahertz and 6.6 gigahertz Wi-Fi 6E7 XBAW filters to multiple customers during the quarter. I will now discuss our progress in our network infrastructure business. During the March quarter, we continued XBAW filter shipments to our 5G small cell infrastructure customer, as well as the U.S. CBRS market. We continue to expect the small cell market to improve in the second half of calendar 2023 and into calendar 2024 as carriers throughout the U.S., Europe, and Middle East, and Africa begin to deploy sub 5 gigahertz networks due to the increased data demands. We expect carriers to deploy small cells in greater numbers in 5G networks to expand capacity and improve service. We continue to promote our 5G infrastructure solutions. I'm pleased to announce today have successfully secured reference design wins with a leading 5G transceiver OEM for multiple XBAW filters. This reference design is targeting tier 2 small cell OEMs. During the March quarter, we expected to deliver initial samples of a new 5G band 41 network infrastructure filter. While we completed initial samples, we continue to work on the design to improve both power handling and small signal RF response and plan to ship samples thereafter. We are also expecting to receive a development order for a new 5G N77 filter from a tier 1 European 5G network infrastructure OEM, likely in the current June quarter. Our milestones for the June quarter are: We expect to sample a new band 41 XBAW filter for the US small cell market. We expect to receive an order for a new 5G N77 XBAW filter for the massive MIMO market. Finally, I would like to provide an update on our defense and other businesses. We made significant strides in our defense and other business segments in the March quarter with the introduction of our new XBAW filter solution that addresses the challenging coexistence requirements of the C-V2X spectrum for the automotive market. While we have been involved in the automotive market through our RFMi SAW filter catalog components, the introduction of our new XBAW solution for C-V2X should significantly expand our potential TAM in automotive. Our new filter targets the automotive DSRC 802.11p, high-power systems, telematics, and infotainment segments. C-V2X operates between 5.855 and 5.925 gigahertz and allows for device to device and device to network connections for multiple applications aiming at providing safe and effective communication in vehicles. Our new patented filter delivers low insertion loss, pass band performance, and enables high power handling capabilities that establish long-range connectivity for C-V2X applications. We began sampling our new C-V2X filter solution with tier 1 and tier 2 automotive industry leaders and expect to update the investment community as we receive feedback in the coming months. During the March quarter, we also finished qualification of 1 of 2 timing control resonator solutions for our first timing control customer. We were expecting to qualify both XBAW resonator products, but the customer has asked for a relatively large bandwidth shift in 1 of the 2 resonators. We expect this will be redesigned and qualified quickly. In our defense contract business, we continue to progress on our existing multi-year, multi-million-dollar contract with DARPA to further enhance our XBAW PDK and scale our XBAW technology up to 18 gigahertz. We achieved a critical milestone during the March quarter and are making excellent progress towards scaling our technology to 18 gigahertz with an improved figure of merit. The milestone achieved was enabled by our patented single crystal piezoelectric nanomaterials, which are unique to Akoustis in the BAW filter industry. Finally, during the March quarter, we concluded the acquisition of GDSI, which closed on January 1, 2023. The acquisition brings a new cash flow positive service business to Akoustis with 250-plus customers, significant technical expertise in back-end services, and alignment with our strategy to leverage the CHIPS Act to create new jobs and reshore core packaging technology from Asia. We have begun integrating GDSI into our systems and corporate structure and look forward to both leveraging their significant knowledge of back-end workflow and provide the resources necessary to grow the business as advanced semiconductor packaging demands increase in the United States as the CHIPS Act drives reshoring of production back to America. For the June 2023 quarter, our expected milestones in our defense and other business segment includes the completion and qualification of the second XBAW resonator for our timing control customer. Additionally, we plan to broaden the sampling of our new C-V2X filter solution for the automotive market. Finally, we expect to secure $1 million-plus new development order from a tier one defense customer for the development of a switch filter module using our XBAW filter technology. Now, I would like to hand the call over to Ken to go through our financial highlights. Thank you, Jeff. For the third quarter ended March 31st, 2023, the company reported revenue of $7.4 million, which is an increase of more than 25% over the prior quarter ended December 31st, 2022, and represents an increase of 160% year-over-year. On a GAAP basis, operating loss was $17.3 million for the March quarter, mainly driven by revenue of $7.4 million, offset by labor costs of $11.3 million, depreciation and amortization of $3.1 million, and other operational costs totaling $10.3 million. As a result, GAAP net loss per share was $0.23. On a non-GAAP basis, operating loss was $13.2 million, and non-GAAP net loss per share was $0.20. Reconciliation of these amounts to the corresponding GAAP measures is available in the press release issued this morning, available on the investor section of our corporate website. CapEx spending for Q3 was $2.2 million, a decline from $3.2 million in the prior quarter as we place into service the last of our ordered equipment and near completion of the company's New York fab expansion. Cash used in operating activities was $9.9 million, which represents the second quarter in a row of double-digit improvement as operating cash spending was down another 12% from $11.2 million in the prior quarter. The company exited the March quarter with $52.7 million of cash and cash equivalents versus $46.6 million at the end of the previous quarter, primarily resulting from net proceeds of $32 million from our secondary offering in January, offset by cash used to fund our recent GDSI acquisition of $13.9 million, and operations and CapEx spending. In the current June quarter, we expect multiple new Wi-Fi 6E and network infrastructure customers to ramp production, therefore, we expect to see record revenue and continued operating cash flow improvement, with revenue up between 10% and 20% sequentially from the March quarter. Based upon our growing backlog of design wins, we anticipate that robust top-line growth will continue into our next fiscal year and beyond. I will now turn the call back over to Jeff for his closing comments. Thank you, Ken. Before I wrap up the call, I would like to provide a brief update on pending litigation matters. With respect to the lawsuit Qorvo filed against Akoustis in Delaware back in 2021, alleging false advertising, unfair competition, and patent infringement. A lot has happened since the lawsuit began. In what's called a claim construction order, the court ruled on the interpretation of some key terms in one of the Qorvo patents, as well as the Akoustis patent, which Qorvo claims Akoustis improperly marked on its product data sheets. The company believes the claim construction order was favorable to Akoustis and will ultimately support Akoustis' position of non-infringement and that its marking of product data sheets was correct. While Akoustis does not believe that Qorvo's assertion of its patents has any merit, it has developed and delivered to customers filter samples with designs which we believe demonstrate that Akoustis products, past and present, do not infringe the patent asserted by Qorvo. As an added precaution, Akoustis has begun implementing these design updates into new and existing product designs as an appropriate measure to mitigate the potential impact of any adverse ruling in the Qorvo lawsuit. You may be aware that in February 2023, Qorvo filed a second amended complaint, which introduced new allegations against the company, including misappropriation of trade secrets. With respect to these new allegations and the other non-patent portions of the complaint, based upon the information made available to it, the company believes it has meritorious defenses and plans to defend itself vigorously. As disclosed today in our quarterly report on April 20, 2023, Akoustis filed its own patent infringement lawsuit against Qorvo in federal court in the Eastern District of Texas. Akoustis is represented by a highly regarded patent litigation firm, McKool Smith. As with all litigation, the company needs to be mindful of any comments it makes regarding this lawsuit, particularly at this early stage. However, our investors should rest assured that the company took this step deliberately after careful due diligence and consideration of potential risks and benefits to the company. I would like to finish by stating that notwithstanding a persistent, challenging macroenvironment for the broader semiconductor industry, we are positioned to continue to deliver sequential top-line revenue and unit growth for the foreseeable future. During the March quarter, we introduced new products, including our 5.6 and 6.6 gigahertz Wi-Fi 6E and 7 filters, as well as our new C-V2X filter, all of which are currently sampling. For the first time, we began shipping into the U.S. cable carrier market as well as to the 5G mobile market. During the June quarter, we expect to experience further top line growth as we expand the number of customers in production across each of our major markets. In conclusion, we believe the market opportunity for our patented high-frequency XBAW filters is substantial. As of April 28, we have 89 issued patents and 124 patents pending as we continue to build a substantial IP moat around our technology. We continue to work diligently to achieve each of our stated objectives, and we will continue to provide updates on our execution against these objectives going forward. Finally, I would once again like to thank our employees for their hard work, passion and dedication, which accounts for multiple design wins across the Wi-Fi, 5G network infrastructure and defense markets. We've also experienced exceptional momentum in the 5G mobile market, driven by our industry-leading XBAW filters that operate above 3 GHz and our new and expanding wafer level packaging capabilities. I also wish to thank our shareholders who continue to support the company. With that, I would like to open the call for questions from the investment community. Operator, please go ahead with the first question. Thank you. We will now be conducting a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the questioning queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your headset before pressing the star key. One moment please while we pull for questions. Our first question comes from Anthony Stoss with Craig-Hallum Capital Group. Morning, guys. Solid execution. Jeff, I wanted to follow up on the series of comments you made about 5G Mobile. It's nice to see that customer get out of the gate here in the March quarter. Two parts. Do you expect that customer to be up sequentially in revs for the June quarter? Maybe just kind of a broad picture, all your opportunities in mobile, what you expect kind of the ramp to look like. I wanted to throw in one for Dave. Your prior conference calls, you guys have talked about being break even or profitable in the first half of calendar 2024. Do you still expect that to happen? Thanks. Tony. Good morning. Appreciate your kind comments. Let's jump into them. In terms of 5G mobile customer, yes, we do expect that customer to be up during the June quarter sequentially. That's our current expectation. You know, we would say, we have seen some slowing of the original ramp that we expected. In terms of that customer will be up sequentially quarter-over-quarter is our full expectation and continued ramp in the second half as well. In terms of our prior comments, in terms of annual usage of this particular solution, we think that, you know, we still see healthy. For this particular product, both on a reference design as well as directly marketed to the tier one market. In terms of overall ramps and activity with customers, we have this first customer with the reference design ramp that we've previously communicated. Also have seen significant activity with marketing directly to the tier one market. If you look, we noted in the script that we have, you know, we fully expect in the June quarter to complete a successful audit from one of those tier one mobile smartphone players. Beyond that, we've stated the next ramp we expect from a second customer would be in the 2025 timeframe. With that, I'll hand it over to Dave, for, you know, just in terms of customer funnel activity that's driving us to profitability. Well, yeah. Good morning, Tony. I think just a couple other comments with regards to what Jeff said is that with this one tier one RF component supplier, we've got the reference design that, you know, we continue to see, you know, the ramp, and particularly picking up second half of this year. We identified another design activity that we've got ongoing that should be in the second half of or first half of next year. That's going to an OEM, and then you can expect that there's several other designs right behind that as well. The intent is by this working with this tier one RF component supplier to create these hybrid designs, that's a combination of their passive technology and our BAW technology. There's a very healthy, positive relationship with this customer. As far as ramp and for profitability, and Ken can add some more color, we've got good design activity and visibility on programs with 5G mobile being probably the largest growth sector, and then the Wi-Fi activity that we have ongoing both with Wi-Fi 6E and Wi-Fi 7 continuing to feed the funnel there. We do have sunset programs that we've got to deal with as they go out of production and you get programs to replace. You know, Wi-Fi is still very healthy and robust, and the infrastructure sector is going to continue at. I expect that there will be a uptick in next year as we look at releasing more products. We've been focusing a lot on Wi-Fi. Now we're shifting, you know, some of the design resources to the infrastructure market as well. Finally is just the other segment, you know, that we service with the GDSI and RFMi acquisitions. Everything's starting to see a rebound from RFMi, and then the GDSI is very healthy in that respect. Ken. Morning, Tony. I will add to that we in the past have said operating cash flow break even would occur by the June quarter, and I still have that modeled as such. I will add that our cash use and operating activities continues to improve with another 12% reduction in the spend of $9.9 million this quarter on top of a 25% reduction that happened in Q2. I will expect that to continue to improve with our operating cash flow burn rate coming down each successive quarter. Break even, I still expect to occur in the next 12 months at approximately $15 million-$18 million of revenue per quarter, depending on our mix. Got it. If I could throw one more at Dave, just on the auto opportunity. I know it takes a notoriously long time to break into the auto sector. What do you think the revenue ramp or timing of that might look like for you guys? That's a good question, Tony. The, you know, the good news is that we've got, you know, visibility within the automotive market through the RFMi acquisition. They're already an approved supplier to several tier one and also tier two suppliers and sub-component suppliers in the automotive market. We're gonna continue to leverage that relationship that they have with these suppliers. It typically takes about 2 years plus, you know, with new designs, new programs to really see substantial ramp. You'll get some volume in the next 1-2 years, being in the hundreds of thousands to maybe low million. Really to get to the higher volume, it's gonna be 2 years out. We're working that channel right now, you know, to really focus on the C-V2X. We also have traction with TCU, you know, telematic control units, you know, that's, you know, are looking at 5G and Wi-Fi. Also, you know, with the GPS sector, we're both promoting the SAW technology and the BAW technology. I, you know, I expect that for the next one to two years, automotive will be still a smaller segment, you know, than the Wi-Fi and the 5G mobile, but it will be one of our growth sectors that we see probably two years out. Great. Thanks, guys. Really appreciate it. Thanks, Tony. Thanks, Tony. Our next question comes from Suji Desilva with Roth MKM. Hi, Jeff, Dave, Ken. Congrats on the progress here. On some of the customers here, the, in the Wi-Fi market, the cable service providers, you said you had three programs, one starting. Are all three of those programs similar sizes or is any one of those particularly bigger? Good morning, Suji. This is Dave. The program that we have announced in a PR and also comment in the script today is, you know, the highest volume program is pretty substantial. It's on the gateway unit, and it's a 4x4 MIMO. The other 2 programs, they're more of extenders, so it's not as high volume. You're still seeing an architecture that's a massive MIMO or a multi-user MIMO, but they're also a smaller percentage, you know. In some respects, it could be half or, you know, less percentage of the bigger programs. The, you know, the traction that we're getting in the carrier market, and we're also starting to work on next generation Wi-Fi 7, where we're dealing directly with the carriers, and then working those program design wins through to the ODM is working really well in Akoustis' favor. One of the things that we've been able to do is become a leader in developing a portfolio of different BAW products. Any of our BAW competitors that are approaching the Wi-Fi market may be approaching it with 2 or 4 filters. You know, we have greater than 12 filters, you know, targeting the Wi-Fi market, supporting, you know, tri-band and upcoming quad band and upcoming pent band design. The carrier market is one of our focus areas as well as, you know, the enterprise which we have a strong position already. Okay. Sounds good, Dave. My other question's on the manufacturing side, the New York fab. Sounds like you're at the back end of these equipment orders. When is that install complete? Will you at that point have all the equipment needed to bring up the 500 million unit capacity you're planning? Hey, Suji, it's Jeff. I appreciate your initial comments as well. In terms of I would characterize that expansion. The tooling aspect of that is in the wind down phase in terms of ordering, receiving, as well as installation. There is, you know, there has been some straggler pieces of equipment that have come in to complete the redundancy. In terms of the factory being tooled for the $500 million filters, we're essentially complete as we've characterized. You know, we'll manage that. We, the company meets internally, we meet monthly between sales and operations and make sure that we're forecasting capacity and making sure that we're ready from the manufacturing front. Clearly, we're monitoring cycle times and as well as yields very carefully in the factory to make sure all of those pieces are together to optimize our manufacturing cost. Okay. All right. Thanks, everybody. Thank you, Suji. Thanks, Suji. Our next question comes from Robert Aguanno with Piper Sandler. Hey, you guys. Thanks for taking the question. Robert Aguanno on for Harsh Kumar here. I'd want to discuss the potential timing of the potential award from the DoD, maybe how will that award be split between Akoustis as well as your partners. I have a follow-up. Hey, Robert. Good morning. Appreciate you being on the call today. In terms of the timing, if you take a look at some of the language we had in the script, what you'll see is that particular proposal was submitted in the March quarter. That was consistent with the timing of the announcement in terms of the request for proposals. In terms of when we expect that proposal to be approved and receive feedback from the end customer, I think we indicated in the script in the July timeframe is when we would expect that. Once that goes through that selection process, there's a follow-on administrative. Once you're selected and make it through that gate, there's a follow-on proposal for really the end projects that has to be submitted. I think you're really looking at an award, a fully, you know, a contract award, sometime around the end of the year would be our expectations. It, it will take a little time to finish that, and we would be expecting, you know, to start that hub in probably Q1 of next year. In terms of, as we also outlined, you asked about the split. We mentioned there's multiple partners, but we are the principal contractor. You know, we mentioned there's 10 industrial and government labs. There's multiple technology partners. As the lead hub, if you will, of the program, there's, you know, significant proportion of those proceeds go to the hub establishment and operation. I would also add that, you know, the way that program is structured, those multiple partners are actually transferring tech to our campus for manufacturing, which, I think has the end effect of, ultimately the manufacturing being done on our Canandaigua chip fab. It's not just. We're not just an administrator of a program. I think there's good strategy behind it. There's, we mentioned it's focused in the electronic warfare, and, we're bringing to bear the appropriate technologies, to make, that, not only that program successful, but also fit our long-term strategic goal, of integration of, key solutions for, in this case, the, Department of Defense. Thanks for the color there. Just, more of a macro-oriented question. Last week, I think we saw a couple of the 5G names, you know, cite certain weaknesses, you know, in the macro market. Can you talk maybe how the current weakness in the broader market may impact your outlook, going forward for that business? Thanks. Good morning, Robert. This is Dave. With respect to the 5G mobile, a lot of the macroeconomic comments being made are really impacting, you know, the, you know, tier one component suppliers that are focused on that market segment. It really hasn't impacted us too much in that we are, you know, relatively new to that market segment, particularly with the tier one. Our component supplier that we've aligned with, the reference design that we're engaged with, is focusing on the China mobile market. The, I think Jeff Shealy mentioned earlier, in the Q&A that it hasn't ramped to earlier expectations due to the dynamics that are going on in the China mobile market as it works through the inventory levels and demand starts to pick back up, which we are seeing. We're keeping our finger on the pulse with the market and also with our tier one provider or player. With respect to other segments, macro side, the Wi-Fi market had a pretty good surge with respect to COVID on the number of systems shipped. There's been some slowdowns. Also we're seeing, you know, some transition from Wi-Fi 6E designs that are being put on the shelf to focus on Wi-Fi 7, so there's some dynamics that we're working through. We've got a significant amount, a number of engagements with active customers and with the on-deck customers, you know, that we will work through this and continue to see sequential growth, you know, in this segment that will continue to pick up the next year. Then finally, just on the base station side, you know, small cell market is still robust, but it's, you know, as I think historical perspective's been, it's not been at the level that it's, you know, that it's required, or that you would expect. We do see some demand in, you know, Asian markets and also in the Europe markets and picking up in the U.S. markets as well. Thanks, guys. Thank you, Robert. We are closing our question and answer session. Now I would like to turn the floor back over to Jeff Shealy for closing comments. Please go ahead. Wanted to take the opportunity to thank everyone for your time today and participation. We look forward to speaking to you during our next update call to discuss the June quarter's execution against the milestones we shared as well as our future expectations we communicate. Have a great day. Thank you again. This concludes today's conference call. You may now disconnect your line. Thank you for your participation, and have a great day.