Ladies and gentlemen, thank you for standing by. I would like to welcome all of you to Camtek's fourth quarter and full-year 2020 Results Zoom Webinar. My name is Kenny Green. I am part of the Investor Relations team at Camtek. This is the first time we are running our conference call as a live Zoom webinar, and I apologize in advance for any unforeseen issues you may face during the call. It's increased engagement with investors and analysts, and we hope this new type of quarterly call is a step in the right direction. All participants other than the presenters are currently muted. Following our formal presentation, I will provide some instructions for participating in the live question-and-answer session. At any time during the call, you may also submit a question via the Q&A chat, and we will endeavor to answer as many of those questions as possible. I would like to remind everyone that this conference call is being recorded, and the recording will be available for download from Camtek's website within a few hours after the call. You should have all received by now the company's press release. If not, please view it on the company's website. With me today on the call, we have Mr. Rafi Amit, Mr. Moshe Eisenberg, Camtek CFO, and Mr. Ramy Langer, Camtek COO. Rafi will open by providing an overview of Camtek's results and discuss recent market trends. Moshe will then summarize the financial results of the quarter. Following that, Rafi, Moshe, and Ramy will be available to take your questions. Before we begin, I would like to remind everyone that certain information provided on this call are internal company estimates, unless otherwise specified. This call may also contain forward-looking statements. These statements are only predictions and may change as time passes. Statements on this call are made as of today, and the company undertakes no obligation to update any of the forward-looking statements contained, whether as a result of new information, future events, changes in expectations or otherwise. Investors are reminded that these forward-looking statements are subject to risks and uncertainties that may cause actual events or results to differ materially from those projected, including as a result of the effects of general economic conditions, the effect of the COVID-19 crisis on global markets and on the markets in which we operate, including the risk of a continued disruption to our and our customers', providers, business partners and contractors' business as a result of the outbreak and effects of the COVID-19 pandemic. Risk related to the concentration of a significant portion of Camtek's expected business in certain countries, particularly China, from which we generate significant portions of our income for the foreseeable future, but also Taiwan and Korea, including the risk of deviations from our expectations regarding size of orders from customers in these countries. Changing industry margins, reduced demand for our services and products, the timely development of new services and their adoption by market, increased competition in the industry and the reductions as well as due to other risks identified in the company's filings with the SEC. Please note that the Safe Harbor statement in today's press release also covers the contents of this conference call. Furthermore, during the call, certain non-GAAP financial measures will be discussed. These are used by management to make strategic decisions, forecast future results, and evaluate the company's current performance. We believe that the presentation of non-GAAP financial measures is useful to investors' understanding and assessment of the company's core operational aspects for the future. A full reconciliation of non-GAAP financial measures are included in today's earnings release. I will now hand the call over to Rafi Amit, Camtek CEO. Rafi, go ahead. Okay. Thank you, Kenny. Good morning, and thank you for joining our call today. I will start with some highlights from the fourth quarter, a few words on 2020, and continue with reviewing our current business. Total sales in the fourth quarter were $48.6 million, close to a 50% increase over Q4 2019, and record quarterly revenue. In the fourth quarter, we continued the momentum of increasing sales to our existing customers as well as to new customers. Gross margin was 48.2%, and operating margin was 18.9%, marking an improvement in profitability compared with the first half of 2020. For all year, we achieved record revenue of $156 million, a 16% growth over 2019, and record operating profit of $26.8 million. In the last two weeks, we have received multiple systems order from several customers totaling about $25 million. The impressive backlog we have on hand, together with sales in pipeline, point to a strong sales forecast for the first half of 2021. We are anticipating sales of over $110 million in the first half of 2021, implying approximately 65% growth over the first half of 2020. We also see continued momentum of orders into Q3. It is too early to give accurate forecast. For the first quarter of 2021, we expect an impressive sales level of between $54 million-$56 million. The year 2020 was an exceptional year for us, just as it was for the whole semiconductor industry. In the first quarter, we had concern about our ability to install system due to the COVID-19 restrictions on shipping system to certain countries. In the fourth quarter, we face a completely different situation. We had to adjust our production capacity and field support due to the high demand for our systems. Our flexible operational infrastructure and our global organization allow us to successfully execute this growth and the requirement of our customers. In the first quarter of 2021, this trend has continued and even accelerated. Our strategy is to maximize growth in all segments in which we operate. The front-end, mid-end, and back-end, mainly post-dicing. We continue increasing the number of new customers, penetrating new market segments, and strengthening our presence in existing customers. By providing the highest level of service and support, we create a strong commitment between Camtek and its customers. A strategy of addressing a wide range of customers also include customers with entry-level products that need only basic configuration of our systems, resulting in a lower ASP in the short-tern. Our experience shows that in the future, sorry, many of these customers will purchase systems with more complex configurations, capable of detecting smaller defects to meet their end customer requirements. In the second half of 2020, we saw an improved margin. We can already see this trend continuing in orders we have received for the year 2021. The configuration of system orders are more complex, and the ASP is higher than what we saw in 2020. As a result, we expect continued improvement in the gross margin in the first half. The drivers of our market segment have not changed from those I mentioned in the previous calls. The main drivers are advanced packaging, memory, CMOS image sensor, and RF devices for 5G smartphone. 5G is pushing demand for high-end smartphone sales. Compared to previous generation, this 5G phone include more silicon, more advanced packaging, and larger number of RF devices in each phone. As a result, we are experiencing demand for 5G-related applications. We see adoption of new packaging technologies by our customers. Adoption of new technologies requires extensive use of inspection and metrology systems. All the drivers I mentioned serve the demand for end products such as mobile phone, laptop, server, automotive, medical, and more. Specifically for 2021, the main growth is expected to be the advanced packaging, both in inspection as well as in metrology. The CMOS image sensor in 2020 accounted for about 30% of our business. This is unusually high and was a result of healthy demand for our customers. In 2021, we expect the CIS segment to be more in line with previous year, share of about 10%-15% of our revenue. We believe that it will be more at the end of the year or beginning of next year before we see meaningful business. As previously announced, we continue to gain momentum in the front-end market. Penetration process, specifically in the front-end segment, is after a very long and meticulous evaluation. We have penetrated several new customers in 2020, and we expect to continue with that in 2021. For 2021, we expect this segment to account for more than 10% of our business. In 2020, we met an important milestone by receiving qualification for our system and order for production lines for one of the world's top integrated circuit manufacturers. Our systems have implemented customers' development and production sites globally. We grew our development effort on several, developing special features upon customer request to support ongoing sales, constantly improving the detection engines, and continuing the development of new generations of systems and solutions based on key customer input and industry roadmap. With two long new products to the market this year, we've managed to operate optimally under the COVID-19 circumstances, but we cannot fully predict the global implication of the epidemic and its potential impact on our business. As things stand today, 2021 is going to be a record year in sales and growth, along with improved profitability. During Q4 of last year, we have raised about $64 billion to support our growth strategy beyond organic growth. We are continuing our efforts to find companies that are suitable for acquisition. We are especially interested in companies whose products serve markets like ours and will be able to use our sales and support infrastructures. Before I hand over to Moshe for more details on the financial result, I would especially like to thank our employees for their dedicated work during these challenging times. Moshe? Try it again. All over? Yeah. Okay. Thank you, Rafi. We are sorry for the technical glitch that we had, and I will start now. Thank you, Rafi. We had record results in the fourth quarter, both in terms of revenue, which also came above our guidance, as well as in terms of our gross and net profit levels. In my financial summary ahead, I will provide the results on a non-GAAP basis. The reconciliation between the GAAP results and the non-GAAP results appear in the tables at the end of the press release issued earlier today. Fourth quarter revenues came at $48.6 million, a 46% increase over the $33.2 million recorded in the fourth quarter of 2019. Full-year revenues were a record $155.9 million, up 15% year-over-year. The results were driven by demand across all our geographies, segments, and applications. The geographic revenue split for the quarter was as follows: Asia, 83%, and the rest of the world, 17%. The distribution of sales for the full year was 89% Asia, with U.S. and Europe contributing 11%. Gross profit for the quarter was $23.4 million. The gross margin for the quarter was 48.2%, versus 48% in the fourth quarter of last year. Gross profit for the year was $73.7 million, representing a gross margin of 47.3%. This is compared with a gross margin of 48.6% last year. After a relatively lower gross margin in the first half of 2020, in the second half of the year, we saw an improved margin. We expect over $110 million in the first half of 2021. The combination of favorable order mix and the leverage we have in our operating model is expected to support the continued improvement in our gross margin, which will come above 50% in the first half of 2021. Operating expenses in the quarter were $14.2 million. This is compared with $10.5 million in the fourth quarter of last year and to the $11.9 million in the previous quarter. The increase over the previous quarter is mostly due to increased R&D and marketing activity to support the growth in revenue. Operating profit in the quarter was $9.2 million, compared to $5.4 million reported in the fourth quarter of last year. Operating margin was 18.9% compared to 16.3%, mostly due to increased revenue. Operating profit for the year was $26.8 million or 17.2% of revenue. This is compared to operating profit of $25 million in 2019 or 18.7% of revenue. I would like to briefly discuss the significant impact of the deviation of the US dollar in general and specifically against the Israeli shekel. As an Israel-based company, a significant portion of our expenses in Israel, mainly salary, are paid in ILS, and as a result of the devaluation, have increased in USD terms during 2020. Despite the negative impact, we managed to improve our profitability. One positive impact of the devaluation was the relatively lower tax expenses in Israel in the fourth quarter due to the devaluation of the USD-based assets. Net for the fourth quarter of 2020 was $8.8 million, or $0.21 per diluted share. This is compared to a net income of $5.4 million or $0.14 per share in the fourth quarter of last year. Net income for the year was $26 million or $0.64 per diluted share. This is compared to a net income of $23.9 million or $0.62 per share in 2019. During the fourth quarter, we completed a public offering in which we raised approximately $64 million, we have issued 4.025 million new shares, which affected the EPS in the fourth quarter and the year 2020. In addition to the cash we raised in the public offering, we also generated $8.3 million in cash from operating activities in the quarter. Net cash and cash equivalents and short-term deposits as of December 31st, 2020, increased to $177.8 million, compared with $106 million at the end of the third quarter of 2020. During 2020, we generated $25.8 million in cash from operations. Certain balance sheet items, such as inventory, accounts receivable, and payables levels significantly increased due to the higher business volume and the expectation for further growth in 2021. As Rafi mentioned earlier, we expect revenues in the first quarter of 2021 to be between $54 million and $56 million. We have a strong sales force for the first half of the year and anticipate over $110 million in this period. With that, Rafi, Ramy, and myself will be open to take your questions. Kenny? Thank you, Moshe. At this time, we will begin the question-and-answer session. If you have a question, please tap on the toolbar at the bottom of the screen. I'll introduce you and ask you to unmute, after which you may ask your question. If you wish to submit a question via the Q&A function, you may also do so. We will endeavor to answer those questions, as many as possible, after we conclude the live Q&A session. As we have a lot of people on the call, I will now take a few moments to poll for your questions. If you do have a question, please click on Raise Hand. Our first question will be from Patrick Ho from Stifel. Patrick, please go ahead. Patrick? Patrick, you're on mute. Hello? Now you're open. Great. Thank you again, and congratulations on the really nice quarter and the year. Maybe first off, given the rise in system orders over the next two quarters and given some constraints in the industry overall, how do you see your parts procurement and your ability to procure parts given the tight supply environment that we're seeing today? Ramy, do you want to answer, please? Yeah. Patrick, can you hear me? Yes. Okay. I missed the first part of your question, but I will relate to the second part, and then if I miss anything, then please ask again. From a parts procurement and overall our supply chain, we are very well organized, and we have the inventory on hand for delivery for the next quarter and beyond. We have not experienced any issues related to procurement. Furthermore, we've increased the number of subcontractors, so we don't see any issues with that respect. We believe that we will be able to supply and install all the machines in time. Great. Maybe as my follow-up question for Moshe, in terms of gross margins, really strong gross margins to end the year, and it continues to rise as you go into the first half of 2021. What are the biggest influences? Is it simply volume, or are your new products also going to contribute to the gross margin uptick that we're going to see in the first half of 2021? I would say that both volume as well as new products and some new orders that came in with the high gross margin will be contributing to the improved margin in the first half of 2021. Definitely the new products that we are rolling out will have an influence, impact on the profitability. Great. Thank you very much. Thank you. Our next question will be from Charles Shi from Needham. Charles, we'll unmute you. Please go ahead. Hi. Can you guys hear me? Sure. Yeah. Great. Thanks for taking my question. Congrats on the strong quarter and the very bullish first half guidance. I have a few questions. First off, I noticed that your guidance for the first half, that revenue run rate is already above the $200 million target model that you think you're going to achieve in about the two years. I wonder whether the strong demand in the near- term really changed your view about the timing of your $200 million target model there. First of all, yes, indeed, in the first half of 2021, we are already in a run rate of our target model of around $200 million. It's still early for us to provide specific outlook for the second part of the year, although, as Rafi mentioned, Q3 also looking good at this point. We don't have a specific guidance for Q3. As I mentioned, we are already in a run rate of close to our target model. As a result, we managed to improve the gross margin, and gross margin will be more than 50%, as indicated in our target model. Okay. Maybe this is a very good segue into my question of gross margin, given a few of the favorable factors, including the more compact systems, higher ASP, the specialty-inspection products. May I ask whether the other two containing are also contributing? First is, do you see the mix changing back to a little bit more 3D for your overall shipment in the first half 2021, which essentially brings higher margin, if I understand correctly. The second, whether the currency, the depreciating U.S. dollars, also has a positive impact on your gross margin. Let's touch the first half of your question. We definitely see in the mix of the products that we are going to ship in the first half of 2021, and definitely throughout 2021, we see a mix with a lot more metrology equipment. This is definitely going to contribute positively to our gross margins and overall profitability. With respect to the devaluation of the U.S. dollar and its impact on the financial results, as I said, in general, the devaluation has a negative impact on our results. The gross margin, if at all, will be impacted negatively. Taking that into account, if the dollar will stay pretty much at the current level, we forecast gross margin of over 50% in the first half of the year. Got it. Thank you. Maybe my next question, I would like to ask a little bit more about the CMOS image sensor. Last year was unusually strong for you guys, nearly 30% of the revenue. You've said the overall contribution as a percentage to the revenue will go down. I wonder dollar term, are you seeing a growth here for CMOS image revenue, or do you see a more relatively flat? Any color would be great. Let me relate to that. First of all, the CMOS image sensors, and I think as Rafi indicated, it was very strong this year. It was mainly from two reasons. First of all, very strong demand across from most of our customers. I think specifically also we can say that we gained market share, at least the two major accounts. This accounted, I would say, to a very strong year compared with our previous percentage of the business. We still see this segment as strong, it will be range of double-A digits. I would say 10%-15% next year. It will not reach the kind of percentage it has reached this year. Got it. Thank you very much. I'll go back to the queue. Thanks. Thank you, Charles. Thank you. Next question will be from Craig Ellis from B. Riley. Craig, please go ahead. Craig, you need to unmute yourself. Okay. In the meantime Craig, you will need to unmute yourself. I hope that it will be. Okay. We'll come back to Craig afterwards. Our next question will be from Irvine Kraus. Irvine, please go ahead. Irvine? Okay. We'll also have to come back to Irvine in a sec. We also have a question from Shahar Cohen. Shahar? Yes, hi. I hi. I can hear. Hi, Shahar. Hi. Just wondering the role of memory within your first half forecast. I assume that is not including any memory. If not, can you speak a little bit about your business, the memory in H2? Ramy? I think we mentioned it in the straight graphic discuss. In general, we see a lot of activities in the memory space. We expect this business to become-- We expect to see orders in the second half of this year or beginning of the following year. There is no contribution to the business in the first half, and the forecast that we talked about of over $110 million in the first half does not include any memory business. Okay. My next question is, can you speak about your IDM win? Is that mainly impacting H1 or do you see this more prolonged impact on your business? You're talking about the IDM that we mentioned? Yes, exactly. This is definitely a very significant business in the long-term. However, and I think we mentioned it, that we already have received, I would say, multiple orders for several global sites that have all those machines partly are being installed and others will be installed in the first quarter. Definitely, it's a meaningful business in the first half of next year, of this year, 2021, and it will definitely be, in the long-term, a very significant business. Rafi, do you need to add anything? Yeah. I would say, in general, when we mention the key IDM worldwide, there are a good reason. There are not too many what we call the key IDM. When we talk about a new packaging technology, new advanced packaging technology, then usually, these specific IDMs, they actually develop these technologies, and probably they would be the first to move to high volume. We believe that this process, maybe will start next year, and it will accelerate in the next coming years. We see a huge potential of inspection and metrology to two type of new packaging technologies. Thank you. Okay. Shahar, I hope that answers your questions. We'll now move over to Irvine Kraus. Irvine, please go ahead. Yes. Do you hear me? Yes, we do. Okay. In 2017, 2018, and 2019, you provided dividends to your investors. Is there any reason why there were no dividends given to investors in 2020? We haven't decided yet. Oh, you haven't decided. Okay. Another question. Yeah. Do you expect to increase your business in China and Taiwan in view of the world situation there? Why you put together China and Taiwan, by the way? Why do I put it together? I thought there was some sort of connection because of the difficulties that are going on there. Yeah. I don't think that Taiwan, I think the way how we look it, if you talk about the conflict between U.S., it's U.S. and China. If you look at the overall Asia, I would say Southeast Asia, Taiwan, Korea, Japan, they are out of this conflict. In general, I think that it's not under one package. It's totally different situation. We don't see any limitation in Taiwan. Probably there are some different environment in China, because of the conflict with the U.S. It is not the same. There wouldn't be a conflict as far as increasing business with both countries, is that right? Correct. Okay. As well as those two countries, do you also expect to increase your business in Europe and the United States? Look, in general, I think if you look on the last few years, we can see that most of our system are towards Asia, about almost 90%. In the first quarter, we see more from U.S. and Europe. If about yearly overview, I would say that the trend of over 90% goes to Asia is more reasonable. Oh, I see. You expect to increase more business in Israel and in the friendly Arab countries in the Middle East? Look, our businesses, we're the semiconductor build fab. In Israel, actually, we have today, Intel is a pure front-end fab. We don't do any packaging in Israel, so we don't see any potential selling machine in Israel. As well as most of the Arab country, we don't see any packaging industry in countries. I see. Thank you. Okay. Thank you, Irvine. We will now move on to Craig Ellis from B. Riley. Craig, I hope- We have some questions. Okay. Well, let's see if Craig is on the line. Craig, are you there? Okay. I guess we have a technical problem with hearing you, Craig, but we got a list of questions, and we will address them. Let's start with the first one, with the profile of the $25 million business that we mentioned in the industry. I would say if I want to give a profile, about 60% of this business is from several customers in the advanced packaging area for several applications. It's not a specific application, but really the whole breadth of applications that we address in the advanced packaging. I would say about close to 20% is CMOS image sensors, and the rest, I would say, are general 2D. Looking forward, this is more or less the trend of the business, I would say the percentage of the business that we see moving forward also into the first quarter. The CMOS image sensors definitely will be less in dollar-volume next year compared to just the year that we completed. I would say that the main growth would come in the advanced packaging. We see they're coming over the 50% that we saw this year. It will be more in the range of the 60-plus% of the business. Looking forward, this is really the area where we see the major growth. Our next question from Craig is: while CIS revenue mix is declining, would revenue dollars. That's what I answered. Oh. M&A follow? M&A follow. Yeah. There was a question about our M&A activity, and as we said in the beginning of the call, we are very active in this front. We are working in trying to put together a funnel and walk through this funnel. Having said that, it's not something immediate, and I would say that we will provide an update on each call on the progress, but at this point, there's nothing to report other than the fact that we are starting the process, or we have started the process. Moshe, I would like to add that people should remember that we still suffer of the COVID-19. We cannot travel. In many countries, the border are closed. Even from Israel, you cannot fly today. All the activity of M&A are limited. We can make survey, we can evaluate, but eventually, we have to meet, we have to find, we have to drill down. This cannot be done without visiting the potential companies. One last question, Craig, that we received from you was related to the F-level next year. Overall, we expect the G&A to stay pretty stable next year. Most of the growth or the increase in the operating expenses level will come from the sales and marketing, where we use, in certain they call third parties, like agents, to help us in the sales channel. As a function of the growth in the revenue, we will use more agents. This is the area that we expect an increase in. Also, we will beef up somewhat the R&D activity next year in order to support the growth. As Rafi mentioned, we also plan to launch a new impact. This will require more output. If anybody has any additional questions, please either raise your hand or you may also ask in the question-and-answer box. We have an additional question from Patrick Ho of Stifel. Patrick, please go ahead. Thank you very much. Follow-up questions. Talking about packaging being the growth driver for 2021, which makes a lot of sense. We've seen a lot of fan-out applications, particularly for marketplace. What other market growth areas do you see? Do you see high-performance computing and some of the techniques out there also gaining adoption in 2021 to help your business? Do you want to answer? I would say that there are two additional, though fan-out is growing, and will grow in the rate of about 30% and definitely a big growth area. We see two more areas. The first one is also what you call the high-performance computing or the heterogeneous integration. That's definitely an area that is picking up. You see the servers market and all of these markets adopting these technologies, and it's definitely an area that we are seeing increased business. The other part, the overall, and this is where we see in the longer-term, obviously, it's the high-bandwidth memory. This is also using advanced packaging. This area is growing. As we said, we expect there to see business in the latter part of the year or in the following year. I would like to raise one more comment about the wire bonding is still very common. It's not disappeared yet. We still see that more and more customers shift to what we call flip chips, flip chip BGA, more higher density, and the pitch is becoming smaller, and they use a copper pillar in order to make the connections. We can see even, I would say, more flip chip demand for doing this. The advanced packaging actually, it's a wide range of applications. Great. Thank you. We now have a follow-up question from Charles Shi from Needham. Charles, please go ahead. Hi, thanks for taking my follow-up. Just really following up on Patrick's question on advanced packaging. Definitely you guys still seeing technology upgrades or transitions from wire bond to flip chip copper pillar or fan-out HBM. I wonder, in your very strong first half guidance, especially for the advanced packaging part, how do you quantify how much of that strength is by the technology upgrades of the advanced packaging? How much of that is really driven by the natural unit end of which you used about automotive percentages? The ESC has been saying that they still see that the capacity are constrained through the year. If you can try to help us tell the differences here, what's really driving demand? Ramy, do you want to answer? Yeah. I think what's driving the demand are the applications. First of all, it's the 5G phones. You're talking about 500 million 5G phones, and those phones demand or are using a lot more advanced packaging than the 4G phones. That, I would say, is the biggest application out there. I would say after that, as I mentioned before, you see the high performance computing, which is utilizing a lot more advanced packaging than before. I think these are two major things. All the applications of the fan-out. What's making the fan-out even stronger now, the full substrate. As you know, fan-out does not require any substrate, and this further enhances the demand. I would say these three trends are the reason for seeing more demand on the advanced packaging. Now, furthermore, I think Ramy mentioned the wire bonding. Wire bonding is going down. advanced packaging, in general, is growing by about 8% annually. This means that I would say, in general, you see less and less wire bonding. The reason for less and less wire bonding, it's a process. It's something that will take a few years. The reason that it's coming down is primarily the bandwidth and the power consumption. In order to meet the requirements for mobile phones or the power requirements, there is no other way but just to move the wire bonding to advanced packaging. I think we'll see this trend over the next five to 10 years, where wire bonding will just go down or finally disappear. That's okay. It will take a few more years. In parallel, our trends are moving fast with primarily the heterogeneous integration, advanced packaging and the fan-out applications that are blowing up. This will give you a short explanation of the market. Thank you. Okay. Thanks, Charles. Our next question is a follow-up question from Shahar Cohen. Shahar, please go ahead. Yeah, thank you, guys. one follow-up competition with your different competitor in the past, now 30 forecast for the coming year. Can you speak about market share dynamics? Where do you think your market share, which kind of segments occur, and what extent do you believe that will continue this year? No. Actually, there are few players. Most of you are not familiar with local player. There are Japanese player, one U.S. company player. There are more than one. I cannot mention any specifically gaining market share, specific vendor. By the way, to us as well, that some low-end application we prefer not compete because maybe the lower ASP. We said, "Okay, we are not there." We try to sell the most complex and the most high-end application as we can. The same, I believe that some competitor prefer maybe to go and to put more focus on the front-end rather than to go to other applications. The market is not stable yet, but we definitely can say that, in some, I would say high-end application, essentially customer prefer a leading company rather than a local companies. It change from territory to territory, from case to case. Okay, thanks. Okay. That ends our question-and-answer session. Before I hand over to Rafi, I would like to let you all know that in the coming hours, we will upload the recording of this conference call to the investor relations section of Camtek's website at www.camtek.com. I will also like to thank all of you for joining the call, and we would appreciate any feedback you have with regards to this new format. Now I'd like to hand over to Rafi for his closing statements. Rafi, please go ahead. Okay. Thank you, Kenny. I would like to thank you all for your continued interest in our business. All of our employees and my management team for their tremendous performance in 2020, and we look forward to continuing it in 2021. To our investor, I thank you for long-term support. I look forward to talking with you again next quarter. Thank you and goodbye.