Appen (ASX:APX) First Half 2024 Results

Key Financial Results

• Revenue: US$113.5m (down 19% from 1H 2023).

• Net loss: US$17.8m (loss narrowed by 59% from 1H 2023).

• US$0.081 loss per share (improved from US$0.34 loss in 1H 2023).

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

Appen Earnings Insights

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia.

Performance of the Australian IT industry.

The company's shares are down 29% from a week ago.

Risk Analysis

Be aware that Appen is showing 4 warning signs in our investment analysis and 1 of those is significant...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.