Same as you however I used the 2.2 million customers for Q4 over the 2.o "active" customers. I believe this is the first time they have reported active customers. Active is a better value, and as you have shown improves the av. customer spend.
Either way the important insight is that the number rebounded from Q3.
Where did you get the 1.65m from for Q3?
APT Price at posting:
$12.93 Sentiment: Buy Disclosure: Held
