Appen (ASX:APX) First Half 2023 Results

Key Financial Results

Revenue: US$139.4m (down 24% from 1H 2022). Net loss: US$43.3m (loss widened by 363% from 1H 2022). US$0.34 loss per share (further deteriorated from US$0.076 loss in 1H 2022). earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Appen EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 79%.

Looking ahead, revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the IT industry in Australia are expected to grow by 14%.

Performance of the Australian IT industry.

The company's shares are down 27% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Appen that you should be aware of.

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