Question-and-Answer Session
Operator
Thank you. (Operator instructions) Our first question comes from the line of Dale Pfau with Cantor Fitzgerald. Please proceed with your questions.
Dale Pfau – Cantor Fitzgerald
Good afternoon, everyone. Can you hear me okay?
Steve Rhoades
We can hear you fine, Dale. How are you?
Dale Pfau – Cantor Fitzgerald
Great, thank you. Thanks for your time. A few questions here, Steve. You talked about cash flow break-even. Let’s get this – make my notes clear. So you are going to reach cash flow break-even this quarter or early next year.
Steve Rhoades
Yes, our goal is to get all of our restructuring, to get all the transition done as fast as possible as we get over to our low-cost manufacturing sites. So we are pushing forward very aggressively through this last quarter and through the current quarter. And we’ve said and continue to say that we are going to reach cash enrichment on a run rate basis by the end of the quarter. We’ve had strong bookings coming into this quarter, we are set up for a strong quarter and – but we are still going to continue to have a lot of aggressive work here in front of us to finish that transition.
Dale Pfau – Cantor Fitzgerald
So, on a run rate basis, that means on a quarterly basis with normalized gross margins, excluding restructuring in your costs. That – is that what I’m hearing?
Steve Rhoades
That and we just – we have to get through the transition. We’ve got costs here in the – with that we had in the third quarter and coming up in the fourth quarter that are associated with the transition. People flying over to train Chinese employees, inventory being transferred, some freight going the wrong way because we are still getting all of our operations set up there in China. But we largely completed with that as we exit the year and we’ll reset our cost structure appropriately when we’ve got that transition complete.
Dale Pfau – Cantor Fitzgerald
Okay. What were your total megawatts shipped during the quarter?
Steve Rhoades
33.5.
Dale Pfau – Cantor Fitzgerald
Okay. And I missed this. What was the total stock-based comp in the quarter?
Steve Rhoades
I actually don't know.
John Peacock
The total collective comp, we haven’t – $700,000.
Dale Pfau – Cantor Fitzgerald
$700,000? Okay, I appreciate that. Okay, Steve, you also said in your commentary that the bookings have remained strong into the fourth quarter. Is that – should we characterize – ?
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