Good day, and welcome to the Sharecare Third Quarter 2023 Earnings Conference Call and Webcast. All participants are in listen-only mode, and after today's presentation, there will be an opportunity to ask questions. To ask a question, you may press Star, then one on your touchtone phone. To remove a question, please press Star, then two. Today's call is being recorded and will be available on the company's website. On today's call, we have Mr. Jeff Arnold, Chairman and CEO, and Mr. Justin Ferrero, President and Chief Financial Officer. Before we begin, we would like to remind you that certain statements made during this call will be forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, which includes statements regarding strategic initiatives, expected cost savings, new capabilities, pipelines, and our guidance. These forward-looking statements are subject to various risks and uncertainties and reflect our current expectations based on our beliefs, assumptions, and information currently available to us. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that will occur after the call. Descriptions of some of the factors that could cause actual results to differ materially from these forward-looking statements are discussed in more detail in our filings with the SEC, including the Risk Factors section of our Form 10-K for the year ended December 31st, 2022. In addition, please note that the company will be discussing certain non-GAAP financial measures that we believe are important in evaluating performance. Details on the relationship between these non-GAAP measures to the most comparable GAAP measures and reconciliation of historical non-GAAP financial measures can be found in the press release that is posted on the company's website. I would now like to hand the conference call over to Mr. Jeff Arnold. Jeff, please go ahead. Thank you, and good morning, everyone. We appreciate you joining us today as we mark a significant and exciting moment for all of us at Sharecare. In addition to continuing to execute our near-term business objectives, as represented in our strong, strong third quarter results, we're also positioning the business for operational excellence and sustained growth with the appointment of Centene Corporation's former President and Chief Operating Officer, Brent Layton, as the next CEO of Sharecare. This evolution is multiple years in the making, and I'm looking forward to working closely with him as I remain engaged in our day-to-day business activities in my new role as Executive Chairman. Since inception, we have been building an end-to-end digital platform focusing on improving health outcomes for people, no matter where they are in their personal well-being journeys. As we sit here today, we have done just that. We have built the platform of choice for some of the country's most notable employers and health plans. We also believe there are significant opportunities ahead, which is why now is the right time for me to focus my expertise on our strategic direction to create new solutions, leveraging our data, platform, and technology, and have Brent step into the CEO role to accelerate growth and continue to ensure operational excellence. Before I discuss Brent's appointment in detail, I'd like to start with an overview of our third quarter results. For the quarter, we reported revenues of $113.3 million and adjusted EBITDA of $9.6 million. Revenue exceeded our guidance forecast, and adjusted EBITDA was at the high end of the guidance range. This was driven by the strong execution of our teams, record revenues in our provider segment, and realizing the benefits of our expense reduction program. In fact, our adjusted EBITDA was an improvement of over $4 million versus the prior year quarter, and year to date, it is triple what it was in the first three quarters of last year. I would like to affirm our full year guidance of revenues between $452.5 million and $460 million, and adjusted EBITDA of $21 million-$26 million. Justin will discuss our latest guidance estimates in his update later on the call. Importantly, we remain on track to deliver our year-end commitments to be cash flow break even, as well as service $12.9 million eligible lives through our high tech, high touch platform that delivers personalized and proven health and well-being solutions to our clients' members populations, including large employers, health systems, payers, TPAs, and government customers. In all, it was a strong quarter, and we expect that momentum to carry forward. I also want to spend a moment highlighting what sets Sharecare apart within the digital health space and why we are well-positioned to benefit from the industry's transition from fee-for-service to value-based care. Our platform has proven successful in engaging with our users, whether people simply require routine preventative care or are managing high risk and chronic conditions by delivering personalized recommendations and interventions, resulting in better health outcomes and lowering costs for both our members and our customers. Our continued investments in generative AI technology, leveraging our expansive and ever-growing datasets, continue to enhance efficiencies and improve our capabilities. We are supplementing our high-touch clinical advocacy and coaching services with AI to improve the quality and efficiency of member interactions. Bolstered with AI, our digital resources, call center specialists, and clinical resources can quickly pull relevant information from across dozens of plan types and files seamlessly delivered to the user in multimodal optionality. Data is critical for value-based care to work, and our AI capabilities ensure that we are unlocking the full power of that data on behalf of both our customers and the people using our platform to navigate their benefits and manage their health. Our integrated and tech-enabled home care solution, CareLinx, continues to be another key differentiator in our ability to improve outcomes and lower cost. Our vetting and training process is among the most rigorous in the industry, and our Net Promoter Score of 90 underscores our commitment to ensure the highest level of quality, professionalism, and importantly, safety. Our health plan customers use our home care solution as a supplemental benefit. Our employers is a benefit to help their employers better care for themselves and their loved ones when they are not able to do so, and our provider clients is an extension of their care management teams. We have a growing pipeline for 2024 and beyond, and we not only assist with members' unmet functional needs in the home, which drives trust and engagement, but also identify clinical complexity and social risk factors that can help address through our clinical advocacy services or third-party referral programs. As outlined above, we continue to deliver solutions that drive ROI for our customers across the healthcare ecosystem, leveraging our unique assets and data-centric approach. We've made significant progress in our globalization and cost improvement efforts as planned, without sacrificing customer service and with our margin improvements on track. Overall, we have the proprietary technology, data, and interoperable platform to deliver a seamless digital experience and be the partner of choice for our customers, regardless of the populations they serve. As we look ahead, and we continue our focus on unlocking shareholder value, I believe there are two areas of significant opportunity. The first is in government-funded programs, including Medicare, Medicaid, and the health insurance marketplace. We currently have a number of customers in this sector, including several state health benefit plans, where we provide health and wellbeing resources to hundreds of thousands of state employees. In addition, we are contracted with multiple Medicare Advantage programs, both using our technology platform to engage with their members, as well as offering our home care service, CareLinx, as a supplemental benefit for millions of their MA members. We are poised to go even deeper with existing state and local government contracts. The second is in offering value-based contracts to share in both the risk and cost savings with our customers. With innovation in our DNA, we are leveraging our assets and capabilities to develop new solutions to address many of the challenges our customers are facing, and as I mentioned earlier, be their strategic partner of choice. To that end, we are actively exploring value-based care models in addition to our new risk adjustment solution we announced in Q2 that we will roll out in 2024. It is against this backdrop and from this strong foundation that I'm excited that Brent Layton has agreed to become our next CEO, effective January 2nd, 2024. His appointment comes following a deliberate and well-planned transition, done together with the board, focused on positioning Sharecare to capitalize on the opportunities ahead. I'm sure many of you are familiar with Brent, but those of you who are not, he has been a member of the Sharecare Board of Directors since early 2023 and brings more than 30 years of healthcare and public policy experience in a variety of growth-oriented executive roles, including more than two decades at Centene Corporation. Brent held many roles and capacities while at Centene, including serving as Chief Business Development Officer, during which time the company scaled from 3 health plans to 31 health plans, becoming the nation's largest Medicaid managed care company. He oversaw many of the divisions and products in his time at Centene, including provider contracting, where he led the company into value-based care. As President and COO of Centene, he oversaw Ambetter, the nation's largest health insurance exchange provider, and WellCare, the nation's sixth-largest Medicare Advantage company. Brent announced his retirement from Centene in late 2022 and stayed with Centene as Senior Advisor to the CEO. Centene grew annual revenues from $300 million to $144 billion during Brent's tenure. I am confident that with the combination of Brent's expertise in driving growth at scale, with large value-based contracts, and my extensive experience in digital health, M&A, and product innovation, we are well positioned to continue to execute our strategy for growth and profitability and deliver enhanced value for our users, customers, and shareholders. We look forward to sharing more detail in 2024 once Brent officially assumes the role. Before I hand the call over to Justin, who will provide additional financial details, I want to comment on the previously disclosed, unsolicited, preliminary, non-binding proposal that we received from Claritas Capital. Claritas, which is a large shareholder of the company, is led by John Chadwick, who also serves on Sharecare's board with me and Brent. Consistent with its fiduciary duties, our board of directors is carefully reviewing the proposal, and we will pursue the course of action it determines to be in the best interest of the company and all of its shareholders. We have a strong path ahead, and our distinct advantages set us apart from the rest of the industry. With Brent on the team, we are accelerating our evolution as a go-to digital health partner. With that, I'll turn it over to Justin. As Jeff noted, we reported positive third quarter results with revenue of $113.3 million, exceeding guidance, and adjusted EBITDA of $9.6 million, which is at the high end of our guide. Since going public, our Q3 adjusted EBITDA margin of 8.4% represents the highest single quarter adjusted EBITDA margin for Sharecare and is a very significant increase over our Q2 adjusted EBITDA margin of approximately 3%. Additionally, we are on track to meet our primary annual operating KPIs in both enterprise and provider channels, which are 12.9 million eligible lives and 6.5 million records processed for the year. The enterprise channel performed in line with our expectations, with our advocacy solutions driving outstanding results in both care gap closures as well as avoidable readmission rates, yielding $ millions in potential savings and leading to member satisfaction of over 90% and client satisfaction rates of over 99%, and our clinical advocacy Net Promoter Score is at nearly 100. I'm pleased to report that the provider channel once again set a quarterly revenue record in Q3, driven by increases in Medicare Advantage risk adjustment related chart volumes. The channel is also realizing meaningful reductions in expenses resulting from the ongoing globalization and cost mitigation efforts. Life sciences Q3 revenue was in line with expectations and with the prior year period, despite softness in macro pharma spend across the industry, as we anticipated and have seen throughout the year. We are pleased with the resilience of this channel and are benefiting from the value of our high-quality targeting with our proprietary zero-party database of over 100 million people. Our financial health remains strong. We ended the third quarter with a cash balance of $128 million and approximately $182 million in available liquidity. As we continue to advance toward our target of achieving cash flow breakeven, we reduced cash burn in Q3 to approximately $6.9 million, excluding the impact of stock buybacks and other one-time non-operating payments on the quarter, which compares to $8 million burn in Q2, which had one fewer payroll period. We are continuing to execute against our globalization, automation, and other business optimization initiatives to be cash flow breakeven. As an update on our previously announced stock repurchase program, we have bought back $9.2 million worth of shares to date, leaving $40.8 million remaining under the current authorization through next May. As noted previously, we continue to evaluate our capital allocation strategy and strongly believe our current stock price does not represent the full underlying value of our business. Looking forward to Q4, we are guiding to revenue within the range of $111 million-$113 million, and adjusted EBITDA between $9.5 million and $11.5 million. This represents another expected lift in adjusted EBITDA margin, driven by the myriad of operational improvement initiatives underway across the business, amounting to $30 million in annualized expense reduction, as discussed on earnings calls earlier in the year. It is important to note that we have taken a conservative approach to our revenue guide in Q4 due to the aforementioned softness in pharma marketing spend. Revenue guidance for fiscal year 2023 is reiterated at $452.5 million-$460 million. But I'd like to add one note on our adjusted EBITDA reporting. In conformance with the SEC's clarified guidance around and recent focus on non-GAAP financial measures, our adjusted EBITDA now includes costs related to an exited contract, abandoned leases, and certain staff reorganization expenses, all of which were previously disclosed but excluded from our historical adjusted EBITDA calculations and guidance. The earnings release contains a reconciliation of adjusted EBITDA to GAAP net income, inclusive of these changes, and all current and historical financials presented reflect this update to our non-GAAP measures. In Q3 2023 and Q3 year-to-date 2023, these costs totaled $1.1 million and $3.1 million, respectively. To put that into context, adjusted EBITDA margins delivered in Q3 would have been even higher than the record margins reported. Additionally, we have updated our adjusted EBITDA guidance to $21 million-$26 million for the fiscal year 2023 to reflect this change. It is important to highlight there are no new expenses and no impact on the balance sheet or cash flow. This is simply moving previously discussed below the line expenses back into our adjusted EBITDA guidance. I will also note that these expenses are not expected to recur in 2024. In closing, we are pleased to report the positive third quarter performance, including record adjusted EBITDA margins, execution against our core KPIs, successful implementation of our comprehensive cost savings program, and continued advancements towards cash flow breakeven. Thank you for your continued support and commitment to the Sharecare vision. We're now ready to take your questions. We will now begin the question-and-answer session. To ask a question, you may press star, then one on your touch-tone phone. If you're using a speakerphone, please pick up your handset before pressing the keys, and to withdraw a question, please press star, then two. At this time, we will take our first question, which will come from David Larsen with BTIG. Please go ahead. Hi, congratulations on the excellent EBITDA growth. Can you talk a little bit about the progress you're making in the enterprise division, RFP activity, the sales pipeline? And then what was the revenue for enterprise in the quarter? And then any color or thoughts on Carelon, without getting too specific, obviously. Thank you. Thanks, Dave. There's a lot, lot to unpack on that one. Which one do you want me to focus on first? I think I'll start with the quarter. We had a ... you know, I think we set out for, you know, significant EBITDA growth. We, we came in at a record, you know, since our IPO, 8.4%. As you know, that's almost 3x our percentage EBITDA that we did in Q2, so sequentially, just a significant lift there. And, so we're real pleased with the quarter. Relative to the, pipeline, it continues to grow. It's a very strong pipeline. We had a number of, we can't talk to them yet, but we had, you know, double-digit wins and new customers in Q3. Those will come out later. And, you know, are real, real excited about, how that sets us up for, for 2024. Yeah, and I would just add to that, David, it's Jeff. Not only, you know, great quarter, strong pipeline, but we're starting to get in a lot of results from our Sharecare Plus deployments. You know, some in conjunction with Carelon, and the results have been really great, like, you know, satisfaction really high, outcomes you know coming in better than expected, and so we're super encouraged by that. Okay, and it sounded to me like you have incremental, you know, opportunities within some existing large enterprise customers, and it also sounds like you're sort of moving forward with your value-based care and risk-sharing efforts. Can you provide any, any color on that? Like, would you be accepting, like, a PMPM rate? Would there be, like, a value-based care sort of arrangement, like we, we see with, like, a Privia or an Evolent, for example? Just any thoughts there would be helpful. Yeah. So the plan remains the same. We have a big installed base, and so the opportunity is to expand within those clients and have some good success stories of clients who bought, you know, the digital front door to start and then added digital therapeutics, and then added advocacy, and now have even added CareLinx. And obviously, in those examples, the PMPM continues to increase. And then, in addition to that, you know, we remain focused on obviously adding new logos, and so we're happy with our pull-through in the pipeline. We had a huge day yesterday, as an example, across all three of our business segments on new wins. And then we think our platform is really well positioned for Value-Based Care. The way that we participate today outside of our PMPMs is that we do a lot of performance guarantees, which is kind of a form of shared risk, and are making a lot of investments in our technologies and people, you know, Brent in particular, to aggressively move into value-based care, where we'll move beyond just performance guarantees and PGs into more risk-sharing arrangements. Okay, and then, one more from me before I hop back in the queue: Is this EBITDA margin sustainable into next year, or should we expect, like, a step-up in costs for incremental investments and new onboarding? Just at a high level, just some color around the sustainability of this higher margin. Well, maybe I'll. Well, first of all, I think it's important to note that this EBITDA margin would have even been higher, you know, if that you heard in my. It was a record, a record percentage for us, but would have even been higher due to some of the shifts in the clarified discussions that we had around our non-GAAP measures. Those are gonna go away. Those will not recur next year, so there'll already be a tailwind there. I think you should also get comfort in that our EBITDA margins are sustainable as you look at our Q4 guide. And so we're guiding to another step up in EBITDA margin at $9.5 million to $11.5 million. So we, without getting too much into 2024, you know, we wanna spend time with Brent as we come up with the 2024 guide, but we are set up very well. All the effort that we've put in this year, which was significant, to take out, you know, an annualized $30 million in expense across the organization, we have executed against that. And you're seeing it in the results, and that just is gonna give us a nice tailwind as we go into next year. Okay, I'll hop back in the queue. Congrats on the good EBITDA. Thank you. Our next question will come from Craig Hettenbach with Morgan Stanley. Please go ahead. Hey, guys, this is McCoy. Thanks for taking the question. And good luck, Jeff, on kind of the next steps, and congrats to Brent on the new role. Just wanted to talk about Carelon. I know you kind of saw some pressure with PMPMs earlier in the year. Just wanna talk about how that relationship is going and if you've kind of seen those PMPMs stabilize. And then also just kind of as open enrollment has started up again, I just wanted to see how Sharecare Plus engagement is going and if that's kind of tracking in line with expectations. Thanks. Yeah, I think it's stayed the course. Everything's kind of tracking on expectations. It's kind of the same story as the last question I answered, is that we've got current clients with Carelon that we're executing against, which we believe become great reference sites for us, and the results have been really good. And we have lots of opportunities within Carelon that we're pursuing across both our enterprise segment and our provider segment, and things are, you know, staying the course. The platform's becoming more mature as time goes on. Awareness is growing with the brokers, which there's been a big emphasis on this year of, you know, driving awareness that Sharecare Plus offers advocacy. And so we're seeing, you know, an increase in the number of RFPs that are coming in the door. The dialogue that we're having with the brokers is, you know, kind of way up. You know, we've seen some delays in decision-making, but ultimately seeing the pull-through at the end of the day. Like, we had one this week that we were a finalist. We did our finalist presentation six months ago and found out yesterday that we won that contract. But, but yes, I would say it's business as usual. Great. Appreciate that. And then just one more on kind of, you know, what Brent and this new CEO role means to the company. Just curious, you know, you talked about just the government programs that you guys are looking to grow into. Can you talk about the experience that Brent has at Centene and kind of how that relationship might help going forward? Yeah. Yeah, so I would, I would say this has been a long time in the works, you know, for me personally. You know, I feel like I've been recruiting Brent for five years, you know, initially to come onto the board. And, you know, he had a, you know, kind of an unbelievable run at Centene, you know, was a part of that team, a big contributor as it grew from $300 million to $144 billion. And when I look at Sharecare, you know, we have a lot of success stories today in government-funded programs. State of Georgia, you know, probably being the best example. But, you know, we'll kick off next year another huge state account. We made a finalist meeting for a state just yesterday. And when I think about our community wellbeing index, and I think about our kind of whole person strategy, and I think of clients like Georgia that have been with us for 10 years, it's just a massive growth opportunity for us, not just within state health benefit plans, but also within Medicaid, which obviously I would argue that Brent might be the, maybe the best expert in the country on Medicaid, as well as Medicare Advantage. So we have state health plans. We do business in Medicaid today. We have couple million lives already in Medicare Advantage, and Brent is coming with an informed view. He's been on the board for the last year. I think we share a passion and a vision of how do we use enabling technologies to improve well-being, not only for individuals, but for communities. And he's bringing an amazing Rolodex to the team. And I've witnessed that personally, just working with him as a board member, of doors that he's opened with us. And again, I think I speak for all of us. We're super excited about getting on the field with him in 2024 and growing, especially within these government-funded programs. Great. Well, I look forward to it, and, congrats again on the quarter. I'll hop back to Nikhil Great. Thank you. Our next question will come from Eric Percher with Nephron Research. Please go ahead. Thank you. Jeff, I know there's limitations on what you can say on bids, be they solicited or unsolicited. One question that maybe you could answer for us is: when we look back to last year and the strategic review, was that truly limited to provider and consumer, or were considerations for the full company made at that time? The primary focus of the strategic review was the sum of the parts. And so, you know, we had conversations along the way of, you know, is it people that might have interest in the entire business, but our focus was on the sum of the parts during the strategic review. Okay. And then just stopping for a moment on the SEC change. I wanna make sure we're crystal clear on what line items may have been impacted as we look back over the first nine months and then the guidance to come. Can you just walk through that? Yeah. It's really two line items, and we certainly can help you with the models going forward. But there were two areas. It was the exited contract and PCMH that we've moved back up, and then it was termed leases. And both of those, you know, the exited contract will be throughout the year, the term lease ended in Q1. And again, as you know, these were highly talked about, especially the exited contract and all fully disclosed. So this is no new expense. It's just being moved from below the line back into our non-GAAP reporting. And the good news is that we've been able to reimagine that contract and are in later stage conversation with better pricing, and none of these expenses are gonna recur for us in 2024. Okay. Well, I think clear on that. And then just turning to the segmentation. You talked about life sciences and the macro pressure. Has that business returned to sequential growth, or can you give us a little bit on what the current state of affairs there is? ... It has. We grew nicely from Q2 to Q3. And first of all, that division has been incredibly resilient this year in a tough market. So maybe if I start there, they've done very well. We aren't down year-over-year slightly, whereas the market is all, you know, down double digits. We grew about 15% sequentially, and we expect a, you know, 20%+ growth again sequentially from Q3 to Q4. But as you know, that number is like is often even higher. And we just wanted... It's still a tough market out there, so we will definitely have growth in Q4. We just wanna be somewhat conservative because it is a tough market still. Do you believe you're gaining share in that marketplace? We do. We think that our assets and our programs perform very well, which is the reason why we get buyups in the back half of the year. It's the reason why our Q4 and Q3 grow over Q1 and Q2, is because we perform better, and then we get more share. Thank you. And then maybe a last one is just the segment growth levels, for the other segments. Can you give us the detail there? Yes, so enterprise will be slightly down, you know, single digits. Then, our provider business will be up about 10% sequentially. When you say will be- And again- You're talking about the quarter we just saw? Yeah, just the quarter. When the Q comes out, you'll see it all. Yep. Right. But that's roughly where we were for the quarter we just saw, and I assume no specific commentary on Q4? No, no, no specific comment other than, you know, the guide that we presented. I just want to reiterate that in our EBITDA guide, even with the, call it, a headwind of adding additional expense to our Non-GAAP measures, we're gonna have another record EBITDA margin in Q4. Right. Okay. Thank you very much. Thank you. Our next question will come from Richard Close with Canaccord Genuity. Please go ahead. Yeah, thanks for the questions. Just, with respect to the SEC non-GAAP change, are the historical numbers restated? Just wanna be clear there. It's not a restatement, it is updating the tables year-over-year, and so the answer is yes. If you look into the footnotes, we lay it all out, not only for the first half of this year, but we do the same for 2022 as well. Okay. And then with respect to... You talked about some significant or I guess double-digit wins earlier in response to David's question, double-digit wins in the third quarter. How should we think about the launch of those wins? Is that like January, so we'll see the lives you know come in January? And is it number of lives you're thinking you know greater than the number of lives you saw this year year-over-year? Hey, hey, Richard, it's Jeff. Yep. We'll have the majority in the first half of the year, like we always do. But like, for example, the account we won yesterday is a 5/1 start, and we have 7/1 starts as well, and I would imagine there'll be some 10/1 starts, as we close out the year. And so yes, we're, you know, we feel like we're in line with, you know, our growth in covered lives from 2023 into 2024. And then you'll see starts throughout the year, but a lot of it, front half loaded. Just to be clear, are those Sharecare Plus or Sharecare, you know, the basic- Yes ... platform? It's a mix. It's a mix. So we're still, you know, selling new Sharecare Plus accounts, and we're continuing to win the wellness accounts. We had one of our competitors in the space merged with a TPA, so that's given us some good tailwinds. So, you know, of being a standalone provider, being part of a TPA, has given us some good momentum on the wellness side, which we love that business because it gives us the land and expand opportunity. Okay. Excuse me. With respect to the management transition, do you see any, you know, expect any de-emphasizing the employer market at all and more focusing on the managed care market, or any thoughts there would be helpful? ... No, I think there is, like, this is a pure offense move. And, as I said, Brent's an informed, board member, you know, joining the team, and obviously has incredible strengths in the MCO market and, and on the payer side. The exchange side, I think, is gonna be, bring us a lot of upside opportunity, but definitely sees the benefit in the employer side as well. And so, yeah, so no, we're not de-emphasizing anything. I think it's gonna allow us to, just be more aggressive on the payer side, but we'll, we'll continue to work really hard to, you know, win employer business. With respect to the, you know, discussion on the Value-Based Care, looking more at that, can you go into a little bit more detail exactly what you would be doing, on that front? Yeah. That would be helpful. Yeah. So, you know, basically, if you think about what Sharecare is overall, is our technology is a risk management platform. And so, you know, we're using the technology, working with clients to figure out how they can better manage risk and how we can get financial alignment with them. And one of the benefits of Sharecare is that we have a lot of data, you know, from our clients, and just tons of data. You know, self-reported data and device data and claims data and SDOH data, and some examples, medical record data. And whether it's the GLP-1s or it's in-home programs, we're sitting with those clients, and we're looking at ways that we could go at risk with them and manage certain percentages of their populations, where we think our, our services could have impact. And, and so you'll see certain carve-outs coming from some of our clients in 2024, where we're gonna, you know, go on the risk, meaning that we're not gonna charge the traditional PMPMs for some of these populations, but have opportunities to get more of the upside based on our savings. And we're gonna do that in a very measured approach. And so, you know, one is like, we've always wanted to get to this point, but we needed to have confidence in the data, which we think we now have some really good trend lines. And then, you know, going forward, we wanna be able to participate in bigger dollars, and we wanna get better strategic and financial alignment with our clients. You're gonna see that in 2024 on a limited basis, where certain carve-outs of certain populations, where we think Sharecare can have the greatest impact. Okay. Final question: on the proposal by Claritas and the board review, is there any timeline that you can provide us in terms of, you know, when you expect that to be complete? Yeah. I don't have a firm timeline, but what I can tell you is that we're committed to a, you know, working through this as quickly as possible. As you know, we had a fairly lengthy strategic review, and in this example, in particular, you know, Claritas is extremely informed. And so, you know, we're working through this quickly. We wanted to get through the quarter, we wanted to get Brent onboarded, as the new CEO, and we're turning our attention fully to this. All right. And are you precluded from executing on the share repurchase and, as that proposal review is going on? We have windows of opportunity where we could repurchase shares that we're evaluating. Okay. Thank you. Thanks. Next up is a follow-up question from David Larsen with BTIG. Please go ahead. Hey, Jeff. I just wanted to make sure that I heard you correctly. I think you're still gonna be involved in the day-to-day activities of the business. You're gonna work, you know, through this transition with the new CEO and, and guide him. So you're not going anywhere, right? No. You know, I'm gonna focus on where I think I can help the company the most, and that's in product development and strategy and clients and evangelizing, you know, all the great things that I know Brent's gonna bring to the business. But I plan on being very active. Okay, great. Thanks. Yep. This concludes our question and answer session. I'd like to turn the conference back over to Jeff Arnold for any closing remarks. Well, thank you. In closing, I wanna reiterate that we are very pleased with our financial performance this quarter, and we're confident in Sharecare today and into the future. The board and I are delighted that Brent has agreed to become our next CEO. In my role as executive chairman, I'm looking forward to working with him and combining our respective areas of expertise to continue to deliver enhanced value for Sharecare's users, customers, and shareholders. We appreciate your time and interest this morning. Thank you. Hope everybody has a great day. Take care. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect your lines.