Correct but if you look at their full year preso it indicates a substantial build up of inventory will be target over fy18 from the very low level of 30 mil at the end of fy17. Hence it’s reasonable to assume 50ish mil will be not sold but added to inventory (from your 1 bil figure).
Either way these numbers are way above analyst numbers and should see a substantial re rate to 10+ next year imo.
next week annoucement, page-98
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