APX 1.63% 46.8¢ appen limited

Ann: Appen 2023 Full Year Results & 2024 Outlook, page-13

  1. 10,595 Posts.
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    Depends how one wants to look at it. The negatives are legacy problems and unlikely they will be repeated. This has caused negative cashflow - first for this business.
    It had a cost problem FY22-23 and may need to cut deeper
    New markets didnt grow in FY23 which was disappointing. Anything sub $US100m revenue for new markets is a poor result.
    Lots of non legacy positives and a pathway to growth next 12-24 months.
    How much legacy is factored in and how much non legacy is factored in - only the market will tell us.
 
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