It would be nice if we get 2b revenue for FY20. While it is not impossible (2bn rev is approx 54% revenue growth, FY19 is around 41%), I don't think we are quite there yet.
On a more conservative revenue growth estimate (yet to see more export data, quarterly/half yearly results will confirm), I would say revenue is around $1.8bn, with NPAT close to $400m (between 350-400).
The NPAT % (EDITDA %) is key variable here though, that's where the increase of marketing expenses comes in. But personally, if spending more in marketing means paving the way for better revenue growth, I don't mind a dip in NPAT % in the short term.
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