Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Bill Quirk with Piper Jaffrey.
Bill Quirk - Piper Jaffrey
Great. Thank you. Good afternoon.
Joe Kiani
Hi Bill.
Bill Quirk - Piper Jaffrey
Hey. Joe, given the positive feedback for hemoglobin, I'm a little confused about some of the comments around some of the push back on the CapEx side. Are the numbers of users at this point below your expectations?
Joe Kiani
No, they are not yet below our expectations. But I do hear that some customers are finding it difficult to find the capital dollars to purchase the measurements as they wish.
Bill Quirk - Piper Jaffrey
And then so, I guess just kind of following on, Joe, based on the early feedback and I recognize its earlier on the alternative revenue model, should we expect that essentially (ph), what kind of bridge or the gap from an economic standpoint. In other words, we don't see a change to the number of users by the year for example because you have an alternative revenue model.
Joe Kiani
Well again, I didn't have a specific reason to bring you worries about hemoglobin. But I did want to share with you that the capital equipment being a scarce resource in hospitals these days, we need to compete for it. So, yes, so to answer your question, with this alternative way customers can begin using hemoglobin although they'll be paying a premium for sensors because they are not ready to purchase the software yet. We do anticipate having the same number of customers as we did beginning of the year using hemoglobin.
Bill Quirk - Piper Jaffrey
Okay. I understood. And then Mark, one quick one for you. In terms of the 4Q Rainbow number, are you willing to give us what the license component of that was. I'm just trying to get some kind of the apples-to-apples on the sensor side?
Mark de Raad
Did you mean Q1, Bill?
Bill Quirk - Piper Jaffrey
No, actually for 4Q... well, I mean 1Q would be great as well. But the 4Q. Obviously we had a sequential decline so I was trying to get a better sense on what..
Mark de Raad
Unfortunately here in... as you know, as we talked about last time obviously we're talking about total Rainbow revenues as one entire group simply because of the difficulty, frankly, as evidenced in this quarter of trying to predict where the different elements of Rainbow revenue are going to fall in any one particular quarter.
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