APX 8.60% 50.5¢ appen limited

Ann: Customer update and FY23 preliminary results, page-238

  1. 10,579 Posts.
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    Overly dramatic.
    80m/12 = ~6.5m per month
    China just had its largest quarterly revenue and a break out of some sorts at $11m.
    The products is in demand.. it needs to package some aspects of the business and sell it ASAP.

    AA took $60m of costs out of the business and can do another $60m without a problem.

    85m revenue from Google is next to meaningless when only roughly 10m is going to the bottom line. We are subtracting roughly $10m Gross profit from roughly $80m gross profit.

    So if Appen gets more than $10m for Crowd, Raterlabs, Leapforce and Figure eight it essentially covers a years worth of gross profit from Google and permanently takes that expenditure off the books.
 
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