The announcement wasn't good but wasn't 30% smashing bad either.
Company gave FY23 guidance at FY22 results so we knew revenue is still coming in light but still pretty good for a company its current valuation.
All fingers point for revenue to come in from $US388m to ~ US$350m
Ebitda will be cash positive but once you factor in product development costs at roughly $40m it will fall into a loss again so far its a mirror image of FY22. Still expecting a good order book and green shoots in december qtr. Always flagged 1H was not going to be good. Market reaction is manipulative and typical of this stock.
News: APX Australia's Appen expects return to profit by end of 2023, page-8
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Last
80.5¢ |
Change
0.015(1.90%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 86.0¢ | 79.0¢ | $9.671M | 11.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 341894 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 13131 | 2 |
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| APX (ASX) Chart |