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

Full Year 2023 Appen Ltd Earnings Call Transcript

Feb 27, 2024 / 12:00AM GMT

Release Date Price: €0.28 (+12.45%)

Transcript

Operator

Thank you for standing by, and welcome to the Appen Limited fiscal year '23 results release conference call. (Operator Instructions) I would now like to hand the conference over to Mr. Ryan Kolln, CEO and Managing Director. Please, go ahead.

Ryan Kolln

Appen Ltd - Chief Executive Officer, Managing Director, Director

Thank you very much, Andrea, and good morning, everyone. Welcome to Appen FY23 results presentation. Today, I'm here with Justin Miles, our CFO, and Rosalie Duff, our Head of Investor Relations. Turning to the agenda on slide 3, there are four sections to our presentation today. First, I'll provide an introduction to our FY23 performance. Following my intro, Justin will share further detail on our financial performance. Then I'll present our strategy and priorities before discussing our FY24 outlook.

Turning to slide 5, where I'll highlight three key elements of our performance in FY23. First revenue was materially down in FY23. In response, we adjusted our cost base to reset the business. Second, although full year revenue was down, we

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