It is not about the impairment. It is about thier sinking EBITDA that has continued to sink since covid. Though they provided a range last year, they are ending up at the lower end of the range means there is no turnaround for this company.. at least not yet.
And to anyone who thinks Appen is being transparent and stuff, they are probably new to Appen.. Appen has always released a pre-result announcement to the market. They like to sink thier stock before the results for whatever reason.
Ann: Appen expects non-cash asset impairment charge, page-19
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