Matt was referring to one of the slides toward the end (23:49).
I also had a moment of confusion on the slide that said 400 x $40 = $200k until I realized he was talking about 12 months and rounding. I imagine something similar was happening here.
If he had said $250k I'd chalk it up to rounding for a year and accidentally saying a month.
...
Yeah, that's all I got.