Thanks Roy. In terms of revenue, I split between markets because...

Thanks Roy.

In terms of revenue, I split between markets because the US revenue and costs are growing faster, and add to that impact of exchange rates. My forward projections are based on different growth trajectories for each market. My sketch sees US overtaking Aus for revenue in 2021, and gross profit the following year. But as with any crystal ball gazing it's a sketch based on lots of variable assumptions.

I calculate revenue by dividing the following qtr ACV by 4. Eg revenue for Fy 18 is based on sum of 4th qtr 17 - 3rd qtr 18 ACV divided by 4. With your calc using 13-14% less than FY ACV, I reckon as ACV grows that % will diminish so will become less accurate over time.
It'll be interesting to see how we compare to the real thing.

Good luck to all and dyor