2 edge sword!
Google's termination will force Appen to accelerate pivoting from Large revenue/low margin Global Services market, re-allocate the resource to Gi business.
But the sudden cut will wipe 1/3 of income from the Ballance sheet and the cost cutting cant be quick enough. The company is now in a much higher risk to be insolvent, if no white knight emerges.
Ann: Customer update and FY23 preliminary results, page-237
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