/appenASXANNOUNCEMENT29thAugust2019APPEN DELIVERS AGAINAppen...

/appenASXANNOUNCEMENT29thAugust2019
APPEN DELIVERS AGAIN
Appen Limited(“Appen”) (ASX:APX)a global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence(AI), has today announced its First Half results for the half year ended30thJune2019.
•Revenue up 60% to $245.1M
•Underlying EBITDA1of $46.3M up 81%, statutory EBITDA up 48%
•Underlying EBITDA margins improved from 16.8% to 18.9%
•Underlying NPAT2of $29.6M up 67%, statutory NPAT of $18.6M up 33%
•Momentum building for Speech and Image3. Revenue for the half up 85% to $39.9M, all from organic growth
•Relevance revenue of $193.7M4, up 48%, with margin expansion
•Leapforce now fully integrated
•Figure Eight delivering on the strategic thesis
•The Company’s full year underlying EBITDA for the year ending Dec 31st,2019 including Figure Eight is trending to the upper end of $85M -$90M (at A$1 = US$0.74 Aug-Dec 2019)5.