FY25 GuidanceI’ll now provide a 2025 guidance statement, before commenting on our longer-term targets.Notwithstanding some of the inherent uncertainties within our business this information reflects Appen’s commitment to providing greater transparency. In doing so, we hope to provide investors and shareholders a clearer view of our strategic direction and financial expectations.We are optimistic about our FY25 revenue opportunity. This is supported by a few drivers.• First is the more predictable project work from large US tech customers, typically H2-skewed. We are delivering very high-quality work for our large customers, and in some instances, quality is at an all-time high. This lays a great foundation for growth.• Second is sustained growth in China. The market opportunity is significant, and we are very well placed to continue to grow in China.• And finally, work not yet included in pipeline, including less predictable generative AI related work, which is typically awarded directly with short notice. This is a very dynamic part of the market, and we have strong capabilities that are highly valued by our customers.Considering this, Appen provides the following FY25 guidance:• Revenue between $235 million and $260 million, and• Positive underlying EBITDA1 for 2025.
APX Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
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