Q3 EBIT amounted to SEK 4 million; lower than the reported Q2 EBIT but in line with our expectations. The underlying EBIT, however, improved by SEK 5 million from Q2. Especially the gross margin of 41 percent was impressive (expected 35 %). The new software focused business model is starting to pay off. Underlying license revenue went from SEK 2 million in Q2 to SEK 9 million. In addition, Anoto is going after revenue share in the new, large contracts, meaning it will not be depending on pen volumes in the millions. We do not yet dare to raise our valuation but we will do so if the coming quarterly earnings come in as we expect them to. We estimate sales to grow by over 50 percent y/y for each quarter in 2018.