APX 0.00% 49.0¢ appen limited

Revenue up 25% to $306.2M• Underlying EBITDA1 of $49.1M up 6%,...

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    Revenue up 25% to $306.2M
    • Underlying EBITDA1 of $49.1M up 6%, statutory EBITDA up 44%
    • Underlying EBITDA excluding growth investments2 of $62.5M up 35%
    • 4 of 5 major customers using Appen annotation platform (former FigureEight platform)
    • Enterprise-wide platform agreement with a major customer. IncludesUS$80M annual commitment
    • Substantial increase in annual contract value (ACV) to US$103Mat the end of the half
    • No material change to growth investments through the pandemic• $126M in cash at 30 June 2020
    • Interim dividend of 4.5 cps, 50% franked, up 12.5% from 1H 2019
 
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