Appen Full Year 2023 Earnings: US$0.83 loss per share (vs US$1.94 loss in FY 2022)

[email protected] (Simply Wall St)
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In This Article:

Appen (ASX:APX) Full Year 2023 Results

Key Financial Results

  • Revenue: US$274.2m (down 29% from FY 2022).

  • Net loss: US$118.1m (loss narrowed by 51% from FY 2022).

  • US$0.83 loss per share (improved from US$1.94 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Appen Earnings Insights

Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the IT industry in Australia are expected to grow by 15%.

Performance of the Australian IT industry.

The company's shares are up 21% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 5 warning signs for Appen (2 can't be ignored) you should be aware of.

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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.

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