Question-and-Answer Session
Operator
Thank you. The question-and-answer session will be conducted electronically. (Operator Instructions). We’ll take the first question from Brian Ruttenbur with Morgan Keegan. Please go ahead.
Brian Ruttenbur - Morgan Keegan
Great. Thank you very much. First question I have is the didBOX acquisition. I hope I pronounced that correctly. What is that going to contribute in terms of revenue in ‘09 and in 2010? I was just trying to figure out their annual run rate, if any.
Jeffrey Jagid
The annual run rate historically has been about 1 million, Brian.
Brian Ruttenbur - Morgan Keegan
Okay.
Jeffrey Jagid
Our forecast for 2010 although obviously in conducting our due diligence and looking at the forecast, it was a bit higher than that. But we justified the transaction based on a $1 million run rate for 2010.
Brian Ruttenbur - Morgan Keegan
Okay. So is that evenly spaced?
Jeffrey Jagid
Yes.
Brian Ruttenbur - Morgan Keegan
Okay.
Jeffrey Jagid
We spaced primarily sold through a channel. It’s actually very interesting opportunity for us in the U.K. and we hope to grow the business obviously beyond that.
Brian Ruttenbur - Morgan Keegan
Okay. Then revenue in Q4 should it be up from these levels?
Ned Mavrommatis
I am a little hesitant to comment on the specifics relating to Q4. What I will tell you is that we’re obviously not satisfied with 1.8 million. 2009 has been a very challenging year for us. It’s been challenging as we’ve said primarily as it relates to not only the economy, but the drop off in revenue contribution from Wal-Mart and Postal. If we I will tell you obviously that if we announce in Q4 revenue of short of $2 million, we’re not going to be satisfied. But that’s not I think what excites us about the business. We still remain extremely excited about the business. There’s a lot of prospecting activity that continues despite the economic climate, and again, we’re enthusiastic. It’s just – it’s been tough for us to comment on the timing. That’s what killing us in 2009.
Brian Ruttenbur - Morgan Keegan
Okay. So you anticipate a pickup in revenue in 2010 from your sales efforts?
Ned Mavrommatis
In 2010?
Brian Ruttenbur - Morgan Keegan
Yes.
Ned Mavrommatis
Absolutely.
Brian Ruttenbur - Morgan Keegan
Okay. Now that you’ve looked at your structure at these lower revenue levels what kind of revenue do you need to generate in order to breakeven?
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