Appen Ltd (STU:433)
€ 1.194 0.063 (5.57%) Market Cap: 271.02 Mil Enterprise Value: 250.07 Mil PE Ratio: 0 PB Ratio: 3.67 GF Score: 68/100

December 2020 Appen Ltd Trading Statement Call Transcript

Dec 10, 2020 / 12:00AM GMT
Release Date Price: €15.16 (-6.56%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Appen Limited Investor Update. (Operator Instructions) Please be advised that today's conference is being recorded. And I'd now like to hand the conference over to your first speaker today, CEO, Mr. Mark Brayan. Thank you. Please go ahead.

Mark Ronald Gerard Brayan
Appen Limited - MD, CEO & Executive Director

Thank you very much. Hello, everybody. Welcome to the trading update for Appen on the 10th of December 2020. My name is Mark Brayan. I'm the CEO of the company, and I'm joined here this morning by Kevin Levine, our CFO; and Linda Carroll, our Head of Investor Relations.

We'll stick through the release and then allocate some time for questions. Some background to begin with. You'll recall that we identified a number of possible headwinds at the outset of the pandemic. We thought that it might impact our performance through a slowdown in digital ad spending, which, by the way, is the dominant source of revenue for some of our largest customers and a good indicator of their

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