Its Over, page-14779

...as I did mention, many companies expected to provide poor earnings guidance are going to have greater pains ahead.

...15x EBITDA as it currently stands

$2.50-$3 on the cards
https://www.tradingview.com/symbols/ASX-APX/

..2 years ago, everyone was thinking this was going to be one of our few ASX companies to join the league of the big techs.

..I have nothing against long term investing, just the mantra that long term must necessarily be better. Even the best of our growth stocks failed to make the grade past 2 years. And you could not really blame it entirely on macro economic factors.
Appen warns on guidance

Tom Richardson
Labour hire business Appen has warned it now expects FY 2022 EBITDA between $US13 million and $US18 million on revenue between $US375 million and $US395 million.

“As noted at the half year, challenging external operating and macro conditions have resulted in weaker digital advertising revenue and a slowdown in spending by some of our major customers,” the company said in a statement. “This has impacted our ad-related programs and had a flow on impact to non-ad related programs and some core programs.”

Shares have plummeted 61 per cent over the past year and last closed at $3.33. In August 2020 they fetched above $40 per share.