Remarks today will include non-GAAP or adjusted financial measures. Reconciliations of GAAP results to non-GAAP financial measures are available in the earnings release. Now I'd like to turn the call over to Chieh. Thanks, Chris, and it's great to be with everyone today. For today's call, I'll start by providing some business updates, then I'll turn it over to Mark to go over Q3 financial results. After that, we'll open up the line for questions. I'm hoping everyone listening to this call will share in our sentiment that we had quite a third quarter. We've been hard at work executing on the margin-driving focus areas that we discussed on our prior call. As a reminder, we sharpened our strategy last quarter to focus on several high potential, high margin segments of our business, B2B, Boxed Market, and Spresso. I'm happy to announce that by focusing on these areas and utilizing Spresso technology, the team quickly began to deliver the increased profitability that we committed to. Third quarter retail gross profit was up 88.8% year-over-year, and retail gross margins expanded 503 basis points. As a result of this increased profitability as well as proceeds from financing activities, cash consumption for the quarter decreased by more than half from the prior quarter, down to an average of $3.4 million per month. I know many of our team members are listening to this call today, and I'm incredibly proud of them as they've worked hard day in and day out to produce these results. Now, let's go deeper into each one of these focus areas and the progress that we're making against them. We'll first start with B2B. As we mentioned last quarter, we're dedicating additional resources to capture the positive momentum we're seeing in this channel as strong return to office catalysts continue. Our efforts are producing results as high customer engagement yielded all-time high B2B average order values, which came in at $301 for the quarter. Notably, expansion of B2B GMV mix has also led to overall retail net revenue per active customer reaching an all-time high of $336 after growing 38.4% in Q3. Additionally, this mix shift pushed overall retail AOV up 21.9% to another all-time high of $150. Lastly, the B2B segment as a whole continued on its growth path with B2B GMV up 37.1% for the quarter. That puts blended B2B GMV growth throughout this entire year at 51.3%. As you can probably see, these KPIs are just some of the reasons why we're proud about the team's Q3 execution. There's a lot of hard work ahead of us, but we're excited for the future. Now, let's turn to Boxed Market, our dark store fresh food delivery business. I'm pleased to announce the recent launch of our new location in Westchester, New York, and the imminent opening of our Brooklyn dark store. Boxed Market has consistently demonstrated AOVs in the $100 range, with third quarter AOVs hitting $113. Historically, these high AOVs have supported strong margins in the business, and we look forward to expanding this great product to new locations. Spresso, our software and services platform, also saw good developments in Q3. As a reminder, Spresso is an advanced technology platform consisting of a world-class suite of e-commerce services based upon advanced analytics and machine learning. Customers have the ability to select our complete white label end-to-end offering or choose from a customized suite of individual modules. With this modularization, Spresso can now suit the needs of a broader set of potential customers, really furthering our mission to e-commerce enablement across the globe through our technology. Recently, we announced the signing of a definitive contract for our end-to-end solution with AEON Vietnam, and I'm happy to report that we've already begun deploying this nine-year, eight-figure Spresso partnership there. Vietnam is an important growth market for AEON, and we're pleased that this project follows our implementation with Malaysia, another important market. We're now actively discussing further opportunities with AEON, one of Asia's largest retailers. As we've discussed previously for Spresso modules, we're pursuing a marketplace-driven distribution model and recently announced our exciting partnership to join Snowflake's Partner Network Program. The partnership is expected to support ongoing lead generation and sales efforts and is designed to streamline implementation of Spresso's SaaS capabilities to Snowflake customers. By leveraging Snowflake Data Cloud, joint customers are now able to seamlessly share the data needed to drive results through Spresso technology, enabling rapid use of its advanced analytics and machine learning offerings. In short, advanced software technology, analytics, and machine learning capabilities are critical in today's environment, and we believe our Spresso solutions are able to deliver outsized value for our customers as they have for our Boxed retail business. Lastly, let me spend a minute on cost savings generally. In addition to focusing our efforts and resources to enhance growth in the highest margin areas of our business, a key part of driving increased profitability is, of course, also taking a closer look at our cost structure. Shipping cost improvements, price optimization, restructuring of corporate staff, and focused marketing investments toward B2B and Boxed Market were all factors in our quarter-over-quarter adjusted EBITDA improvement of $6.1 million. We'll continue to manage our costs going forward as our priority remains meaningfully improving profitability. Just about 90 days ago now, we detailed a focused strategic roadmap for the company. I hope you agree that this team has already begun delivering against that vision. We believe that we're on the right track to accelerate our overall path to adjusted EBITDA and cash flow profitability. Now, with that, let me hand it over to Mark. Thank you, Chieh. As Chieh noted, we are pleased with our financial and operating results this quarter, and they are a testament to the enterprise-wide buy-in to our sharpened strategy and the incredible effort displayed by our team members. When reviewing results for the quarter, in addition to year-over-year, I'd also suggest folks review our quarter-over-quarter performance. This third quarter in particular, many of the trends on a year-over-year basis were impacted by lumpiness in our software services segment, which had an especially meaningful impact on the P&L during the comparable prior year period in 2021. With that, I'll jump into our financial results for the third quarter and then turn to our 2022 outlook. Beginning with the retail segment, net revenue was $41.6 million, an increase of 8.9% or $3.4 million compared to the prior year. Retail net revenue growth was supported by a 38.4% year-over-year increase in retail net revenue per active customer, which hit an all-time high of $336. In addition to stronger retail AOVs, the increase in spend per user was a direct result of strategic initiatives taken to drive enhanced growth of our stickiest and highest profit customers, which supported mix shift toward B2B and Boxed Market. Turning to the software and services segment, we generated $0.1 million in net revenue in the third quarter. Similar to last quarter, we did not recognize any implementation services or upfront license fee revenue during the third quarter, which impacted the year-over-year comparable results across our entire P&L as we recognized significant upfront high margin software license fees of approximately $10 million in the prior year period. That said, as we look ahead to Q4, we have begun development of our AEON Vietnam contract, which we expect to result in some uptick in software and services revenue going into year-end. Further, while we continue to anticipate near to medium-term revenue variability in this segment, with expansion of the Spresso product portfolio, we do expect an increasing mix of recurring revenue over the longer- term, which will help support greater revenue predictability in the future. Finally, and importantly, compared to our P&L, the cash flow generated from our enterprise software contracts is historically much more consistent from quarter to quarter, which enables us to manage the business effectively as we focus on our efforts on driving cash flow profitability. Combined for the total enterprise, net revenue was $41.7 million, a decrease of 15% or $7.4 million compared to the prior year. The revenue growth within retail was offset by lower software and services revenue this quarter. Turning to our profitability, retail gross profit increased by $2.3 million or 88.8% versus prior year, with gross margin of 11.9% having increased by 503 basis points year-over-year. Similarly, retail gross profit and gross margin were up meaningfully quarter-over-quarter, up 52.4% and 445 basis points respectively. We are thrilled by the positive momentum in retail profitability we are seeing, especially in the backdrop of an inflationary and challenged macro environment. Strong margin expansion was supported by an increasing share of B2B customer demand, customers who, as of Q3, had a meaningful margin advantage over our B2C customer. Further, we saw the benefits of transportation cost savings supported by our first full quarter of results following our expanded FedEx alliance, packaging cost savings, and machine learning-based pricing optimization, which is made possible through our Spresso technology capabilities. I'm incredibly grateful for the flexibility of our Spresso technology platform and the support of our data science and analytics capabilities. These capabilities have enabled real-time management of retail margins during this inflationary environment, and this quarter's results are firsthand evidence of how impactful our Spresso solutions have been for the Boxed retail business, and also why we are so confident in the value proposition of our technology offering for other retailers. Total gross profit for the third quarter was $4.7 million, a decrease of $7.9 million, with total gross margin at 11.3%. The year-over-year total gross profit and margin trend was unfavorably impacted by decrease in software and services revenue, which I discussed earlier. Total gross profit was up $1.9 million quarter-over-quarter, supporting significant reduction in run rate cash burn. Looking at operating expenses, during the third quarter, we spent $2.4 million on advertising, a meaningful reduction compared to $5.2 million in the prior year period. As discussed previously, as part of our strategic vision, we expect advertising investments will be increasingly focused across B2B and Boxed Market to help support enhanced growth of our highest profit customer channels, which we also believe will produce the highest relative return on investment going forward. We are expanding our efforts to test and iterate on dedicated marketing against these customer channels. For the rest of the year, we are targeting similar levels of investment and will continually assess our budget based on the results we are seeing while also being mindful of the overall macro environment. Our third quarter net loss was $26.4 million, of which $10 million related to non-cash or other one-time transaction-related costs. This compared to a loss of $5.9 million in the prior year. Adjusted EBITDA loss for the quarter was $16.4 million. Sequentially, quarter-over-quarter, this was an improvement of $6.1 million, resulting from the gross profit improvements as well as operating cost reductions previously discussed. Moving to KPIs, the third quarter saw strong momentum across our key metrics. Gross merchandise value was $49 million, an increase of $3.8 million or 8.3% versus the prior year period. The increase was largely attributable to strong B2B customer demand, with GMV up 37.1% year-over-year, combined with an increase in GMV from the Boxed Market customer base. In addition to the B2B mix shift, we also saw improvement on both order frequency and average order values across both our B2C and B2B customers, which are good indicators of customer engagement and order level profitability respectively. Speaking to AOV, total retail AOV had another all-time high of $150, which was up 21.9% year-over-year. This increase was primarily driven by B2B mix shifts, price inflation, and ongoing pricing optimization. As expected, the reduction in marketing investment also resulted in a decline in new customers acquired, which led to the decline in active customers during the quarter. As we continued on the path of our strategic prioritization, the dynamics we'd expect to see here are exactly this. Active customer counts in aggregate will not be a key driver of growth because of the shift from B2C to B2B. However, we do anticipate an increase in active customer counts within B2B. On an aggregated basis, when you look at retail, our active customers will, on average, be generating more orders, higher AOVs, higher profits, and more revenue per user. Turning to our balance sheet, at the end of the third quarter, we had a combined total cash and marketable securities balance of $39.4 million, which is inclusive of $3.3 million of restricted cash. In Q3, we burned $3.4 million of cash per month, which reflects a $4.3 million monthly improvement in cash burn quarter-over-quarter. In addition to our ongoing liquidity management initiatives which yielded these improvements, we continue to actively explore additional capital markets opportunities to help support our operating and growth initiatives go forward. We believe we are making good progress against those initiatives and hope to further improve near-term liquidity with an additional capital raise prior to year-end. Finally, the forward purchase transaction that we executed with Atalaya back in November of 2021 has now been fully unwound under the terms of the agreement. This unwinding resulted in $4.1 million of net proceeds to the company during Q3 of 2022, and we expect another approximately $500,000 of proceeds to be paid during Q4. Finally, turning to 2022 outlook, we are reaffirming our guidance and continue to expect net revenue in the range of $165 million-$180 million, with adjusted EBITDA loss in the range of $65 million-$80 million. As we have continued to discuss, for the software and services segment, the exact timing of revenue recognition remains difficult to predict. We believe these are temporary forecasting dynamics that will abate if we further diversify the customer base and add additional recurring revenue to the business. Between commencing deployment of AEON Vietnam, our new Snowflake partnership, ongoing traction within our customer pipeline, and the progress we are seeing on the product side, we are really pleased with the momentum in the segment during Q3 and expect to carry that momentum into 2023. To summarize, we are pleased with the progress we are seeing with our third quarter results. The entire organization was able to rally behind our updated strategic direction, resulting in strong to-date execution against our commitment to deliver an accelerated path to profitability. During Q4, we are also focused on raising additional capital, which will help support continued execution against our strategic growth plan. We believe these efforts are the right immediate steps to set the business up for long-term success, and we see a huge opportunity in front of us to deliver value for our shareholders. With that, thank you all, and let me turn the call back over to Chieh for some final remarks. Thanks, Mark. To sum it up, I am proud of the way our team is executing on our vision to meaningfully accelerate our path to profitability to yield substantial value for our shareholders. We are already seeing tremendous improvement with our retail growth profit and gross margin, and we are working hard on continuing those trends. Thank you all. With that, we're now available to take your questions. Operator? Absolutely. We will now begin the Q&A session. If you would like to ask a question, please press star followed by one on your touch tone keypad. If for any reason you would like to remove that question, please press star followed by two. Again, to ask a question, press star one. As a reminder, if you are using a speakerphone, please remember to pick up your handset before asking your question. We will pause here briefly to allow questions to generate in queue. The first question is from the line of Thomas Forte with D.A. Davidson. Please proceed. Great. Chieh and Mark, congrats on the progress you're making in the three areas of focus. One question, one follow-up. For the question, on the B2B, when you compare it with your pre-COVID-19 levels, it's all the way back, halfway back. How should we think about it versus where it was, pre-pandemic? Thanks, Tom. Thank you for recognizing kinda how hard we've worked and the progress we're making on, you know, in just basically 90 days since the last time we were on the phone together. Specifically with regards to your B2B question, I'm glad you asked because we're so excited, both from a macro and an internal perspective. Let me parse that out. From a macro perspective, we still think there's room to run. I think folks are going back to the office. You know, recently we've seen data that suggests 50% of key card swipes. Only 50% of folks in New York City based upon key card swipes are back in the office. From a macro perspective, we feel like we're not all the way back in a post-COVID world just yet. Internally, to answer your question very directly, we're still not at that high watermark, that we set in 2019. Again, excitement because not only externally do we think that there's macro tailwinds, but also internally, we know it's doable just because, we've previously done it, in a normalized world. It's the reason why we're so excited again about B2B. Great. For my follow-up question, on Boxed Market Westchester, hopefully soon to be Boxed Market Fairfield County, for personal reasons. All right, no, seriously. For Boxed Market Westchester, what learnings have you had so far for recognizing it's still early? What do you hope to learn given that's your first expansion outside Manhattan? Let me first start with just some high-level thoughts and also hand it over to Mark for some follow-ups. As you suggested, it's still very early, right? Brooklyn, you know, the opening there is imminent. Westchester, it's still very early. We only have a few weeks of data at this point. You know, what we're finding is that operationally, we can still tune. It is a little bit different operating in a world of cars versus just bicycles because you can imagine in Manhattan, we primarily use bicycles to deliver, whereas in Westchester County, you're using cars as well. We're taking all of that data and now crunching, well, operationally, how many folks do you need to be available to drive to the customer's home? Also internally for picking and packing, operationally, what is the right mix of folks there? Lastly, another thing that we're gathering in terms of data is what is the actual customer preference when it comes to items that we should be carrying. As much as we like to think everyone is very similar across the entire country or at least even within the state of New York, the reality is someone in Westchester is buying slightly different items than someone living in Downtown Manhattan. All those three things I think we've begun to gather knowledge on. In terms of financial performance, in terms of AOV, all those things, I think we wanna wait until we have statistically relevant data compared to kind of the massive amounts of data that we already have for Boxed Market New York and Boxed Core. It's probably a little bit too early to opine on just that just yet. You know, Mark, you know, hand it over to you. I know you had some follow-ups as well. Yeah, absolutely, Chieh. Yeah, I mean, what I would add so far is that, you know, the great thing is that the customer behavior itself seems to be very similar from a, you know, overall order profile and dynamic as what we're seeing in Manhattan. Of course, you know, that was always something that's been really important to us, right? Because at the end of the day, when we look at that business model, one of the great things and one of the things that we loved about Boxed Market when we acquired it back in December of 2021, if you recall, was those high AOVs. That seems to be translating very nicely into Westchester. Obviously, as we launch Brooklyn, that's gonna be something we're very mindful of as well. Those are some of the customer behavior things that I think we're excited about from, you know, the early onset seem to be trending in the right direction and being very comparable to what we're seeing in Manhattan. Thank you, Chieh. Thank you, Mark. Thank you. The next question comes from the line of Robert Coolbrith with Wells Fargo. Please go ahead. Great. Thanks, guys. Anything maybe qualitatively you can share on B2B customer adds or momentum in the quarter? Then a couple on liquidity. Just wondering if you could, thanks for the update there, but just wondering if you could give us maybe a sense of exit rate ex the forward purchase receivable adjustment or settlement. Then on the capital financing, anything you can tell us about how you're thinking about that, you know, the committed capital on-demand facility versus other options that may be available to you. Thanks a lot. Yeah, sure thing. Thanks so much for the question. With regards to that, to active customer counts and customer adds related to B2B, so not something that we've specifically broken out up until this point. You know, what I would say is that as we move forward, obviously, one of the things that we're focused on is shifting that marketing investment and shifting our resources toward acquiring more customers on the B2B side. I kinda mentioned earlier, hey, you know, overall active customers, as we dig into that one layer deeper, what we anticipate is that B2B active customer base is going to continue to grow as we move forward. Obviously, what's gonna happen as part of that is mix shift as well, right? That's why, you know, I mentioned all of our KPIs, because B2B has higher order frequency, you know, higher stickiness, higher AOVs, all those things are gonna provide nice tailwinds to the overall business KPIs as we move forward from the total retail perspective. Now, moving to the liquidity side and some of the questions around there, obviously, you know, we're excited about what we've been able to accomplish on Q3. We significantly reduced cash burn, you know, brought that down by more than half on a quarter-over-quarter basis. Obviously, a lot of that being driven by the profitability improvements we made, the cost savings measures that we took and put in place. In addition to that, you know, we are exploring, as I mentioned earlier, additional capital markets opportunities. I think those will come in a few different dynamics. The great thing that we're seeing is that I think there are some actionable opportunities out there, you know, here in the near- term. As we move into year-end, you know, we're very hopeful that we'll be able to announce something to the market as before we finish up the year. Got it. Thank you very much. Thank you. The next question comes from the line of Marvin Fong with BTIG. Please proceed. Good evening. Thanks for taking my questions, and congratulations on all the progress. I guess another question on B2B, maybe just a bit bigger picture of, you know, obviously it's now the emphasis. You know, have you given any thoughts to maybe, you know, at a more mature level where you'd like to see your mix for B2B? I think historically it was roughly a quarter. Maybe just comment on where that could go. Is there things you can do on the cost side since you've historically kind of been more oriented and positioned to service the consumer that you can do to kind of optimize further optimize profitability there? Second question, just maybe on Spresso, you know, the You know, how's the pipeline shaping up there? Should we think about any or be concerned about any macro issues that might be causing the sales cycle to extend or anything along those lines? That'd be great to hear about. Thank you. Awesome. Thanks so much, Marvin. I'll start with the B2B question, and then I'll probably kick it off to Chieh to add a little bit of color on both B2B and Spresso as well. With regard to the mix, certainly I think over the medium to longer- term, we do anticipate that the B2B mix will start to shift above where we were sort of pre-pandemic. As a reminder, you know, going back to what we sort of put out in an investor presentation last year was that during 2019, about a quarter of the business was related to B2B customer demand. We do anticipate that as we move forward, we should surpass that mix. As Chieh mentioned earlier, we're not quite there yet, in terms of overall penetration, but we do anticipate that to occur, and then we do anticipate extending well beyond that, as we move forward. With regards to the profitability points you asked, you know, many of the things that work from a B2C profitability standpoint are a lot of the same sort of dynamics that we see on the B2B side as well, right? How do we drive up higher average order values so that we're better utilizing the space in the box? How do we better negotiate our shipping contracts and our packaging contracts in order to really drive up the unit economics of that business? The good thing is that as we sort of, you know, hone in on B2B specifically, I think there are areas of opportunity there that we'll continue to iterate upon and improve upon. Overall, you know, we've been doing this for nine years on the B2C side, and many, many of the learnings that we've seen there are very, very very transferable to B2B customers as well. Chieh? Hey, Marvin. You got Chieh here. Thanks very much for joining the call and for the question. If I could kind of expound a bit on what Mark said, absolutely true that in a lot of ways the playbook of increasing profitability of B2B customers looks very similar to B2C, and let me explain that a little bit. I'm sure you know you've joined us for several calls now, including kind of when we first kind of met each other at our Analyst Day. Probably since then, you've heard a steady drumbeat of us constantly talking about AOVs. Those average order values are so important to us. It's probably one of our most important KPIs because it has a pretty good correlation with overall profitability of that particular segment of business as well. The higher the AOVs, in general, you could think, we're making more money from that box. When you think about us increasing AOVs on B2B, what we can do is change how we sell to these folks and what we sell to these folks. If there's a customer that potentially is just self-service, then we should be offering more categories so that when they come into the service, they can buy more items. We can do so by increasing our first party SKU count or and/or increasing our third party marketplace SKU count as well, both of which we've done since we've gone public last year. Now, the other way we can kind of change how we engage these folks to increase AOVs is for the bigger enterprise customers and the mid-market customers who actually do get a representative to call them, we can help upsell them. If they're just buying water, then perhaps we can show them a compelling opportunity where if they bundle water with some of the other higher margin items that we sell, you know, it's good for us because the AOVs go up, and it's good for them because perhaps they'll be tripping other free shipping thresholds and also consolidating purchasing, so they can save a little bit of time and some money as well. Playbook is very similar, with slight modifications. Hopefully that helps. Yeah, that helped a lot. On Spresso, just remind, you know, talk about pipeline and anything about the sales cycles that you might be changing, in terms of trying to secure new customers. Yeah. On Spresso vis-à-vis enterprise, I think that's where we have that end-to-end white label solution. That's probably where we have the most data at the moment. You know, those sales cycles have historically been long. They're really large contracts as we put in the recent earnings announcement. You know, the Vietnam contract we signed is a nine-year, eight-figure contract. Those type of partnerships take time to develop and to eventually sign. Nothing out of the ordinary to report there as of now in terms of significantly longer or shorter sales cycles. In general, as you can imagine, those big contracts do generally take a longer time to sell. What is also very important and what I also wanna talk about with regards to the pipeline is that we're actively discussing with AEON multiple other projects as well. Now, they've entrusted us with Malaysia, one of their largest markets outside of Japan. Vietnam, a market that's very important for basically every multinational retailer that operates in the Asian region today, entrusting us with those two. We've historically talked about Southeast Asia, and also we're discussing other projects with them as well at the moment. From an end-to-end pipeline perspective, we feel pretty good about the pipeline as of today. Yes. Thanks for all that color today, and Mark. Really appreciate it. Thanks. Thank you. The next question comes from the line of Ron Josey with Citi. Please proceed. Great. Thanks for taking the question, guys. Appreciate it. I wanted to follow- up on that, Chieh, you talked about on the call just priority here is improving profitability. Just talk to us about the timeline or the path to overall profitability going forward. Has there been a change in terms of timeline, maybe pull forward? Mark, as we think about like customer count, active customer count, understood the mix shift to B2B and sort of what that means to the overall business, higher AOV et cetera. As we think about this mix shift, you know, talk to us about how we might see active customers sort of evolve here over the next several quarters and years. Thank you, guys. Hey, Ron, you got Chieh here. Thanks very much for the question. Perhaps it's best if I start off, and then I'll hand the mic over to Mark. You know, in general, I think you probably noticed quite a big jump in gross profit and gross margin with regards to retail business. I wanna stress that it took a lot of hard work to grow that gross profit line by 88%, year-over-year, and also the gross margin by over 500 basis points. We continue on that path, whether it's additional optimizations with regards to shipping, packaging, discounts, using our own machine learning models via Spresso to further optimize price and you know, conversion rates. Those are all things that we have done, and we will continue to do. Even with such a large jump like that, I'm not sure if we would feel comfortable about further bringing in profitability at the moment or announcing anything with regards to that. If you can remember last call, we already brought in projected profitability potentially by quite a bit, because of some of these changes. What we wanna highlight is that these changes are beginning to work. Growing profits as we did over the last quarter, that's our first step along that path of profitability. Lots of hard work ahead of us, but I think we're off in the right direction. For additional context, I'd really like to bring Mark into the conversation. Thanks, Chieh. Yeah. I totally would echo all of those points. I think, you know, as of right now, we're not communicating any change to our expectations around timeline for profitability. As a reminder, we kinda said as we exit 2024, that's when we really wanna be adjusted EBITDA profitable. That is a huge acceleration from what sort of we had previously targeted, both internally as well as what we had sort of put out to the street during our de-SPAC process. Now, on the point about active customer counts, you know, overall, Ron, we're not specifically guiding to how we should be thinking about that metric on a go-forward basis. What I would say is that, you know, when you look at the quarter in particular, of course, as we brought marketing spend down, that also, you know, led to a decrease in the number of customers acquired, especially on the B2C side. Now, as we shift that marketing investment and deploy more into B2B, the actual active customers of B2B, of course, we anticipate will continue to grow. What I can say is that for each B2B customer that we do acquire, the value of that customer is so much higher from an LTV perspective, from a profitability perspective, from a revenue perspective as well, that the customers we need to acquire to sort of achieve our targets on the B2B side are much lower than what we would expect and need to acquire if we were focusing that same energy investing in B2B or B2C customer acquisition. That's really the dynamics you're seeing unfold within the active customer counts, and that's kind of the way I would think about things on a go-forward basis as well. Thank you, Chieh. Thank you, Mark. Super helpful. Thank you. There are no additional questions at this time. I will pass it back to Chieh for closing remarks. Thank you very much, everyone, for joining this important call. We think we've made a lot of great progress over the last quarter. We're looking forward to continuing those trends, and to speaking with all of you over the next 90 days. Thanks, everyone.