If at $1.9bil GPTV, at 1.5%, that would be close to $2.375mil MSF gross profit for August. I think 1.5% is being conservative as previously we've been sitting closer to 2%
IMO think your assumption is incorrect $1.9bil GPTV is annualized so your estimate of GP for August would be estimated for the full year. Just my take on it. But I have worked through each update on Annualized GPTV & Sept was a big jump. From 1.1b ($733YTD Aug) to 1.9b ($1425YTD Sept).
ISX Price at posting:
$1.10 Sentiment: Hold Disclosure: Held
