Appen Ltd 2024 AR2
The report highlights Appen's pivotal transition in 2024, driven by generative AI as a key growth engine, despite challenges from the termination of the Google contract. The company achieved a turnaround in profitability, recording an underlying EBITDA of $7.8 million and returning to EBITDA profitability in early H2 2024. Appen successfully raised approximately A$65 million in equity to bolster its balance sheet and fund working capital. On the sustainability front, the company continued implementing its Net Zero Roadmap, committing to net-zero emissions by 2030, and achieved a significant improvement in its Customer Net Promoter Score to 57.
Company: Appen Ltd
Sector: Technology & telecommunications
Country: Australia
Year: 2024
Type: AR2
Pages: 134
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Appen Ltd
Annual Report
The report highlights Appen's pivotal transition in 2024, driven by generative AI as a key growth engine, despite challenges from the termination of the Google contract. The company achieved a turnaround in profitability, recording an underlying EBITDA of $7.8 million and returning to EBITDA profitability in early H2 2024. Appen successfully raised approximately A$65 million in equity to bolster its balance sheet and fund working capital. On the sustainability front, the company continued implementing its Net Zero Roadmap, committing to net-zero emissions by 2030, and achieved a significant improvement in its Customer Net Promoter Score to 57.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Net Zero Target
Employees