Ann: Appen update on Quadrant earn out and debt facility, page-52

No idea what you just said.

Its balance sheet readjustment due to Covid and Tech spending cut backs. Doesn't change the fundamentals of the business.

Balance sheet pre Figure eight



Balance sheet HY 23



Nothing in the balance sheet suggests it is going to zero.

Not when this is happening

Cost reduction program In keeping with Appen’s renewed focused on operational rigour, the Group announced that it expects to deliver $46,000,000 of annualised costs savings, with the first full year impact expected to be achieved in FY24. At the end of 1H FY23, approximately 63% or $28,900,000 of the annualised cost savings target had been achieved. The remaining $17,100,000 of previously identified savings is planned for 2H FY23