Appier delivers strong Q1 results, achieving continuous profitable growth with diversified customer traction

EQS Newswire / 14/05/2024 / 08:45 CET/CEST

Early profitability sets the stage for a promising start toward its 2025 financial targets

Highlight and achievements of Q1 FY24:

• Growth momentum continues, as revenue increased by 33% YoY, exceeding 31% of FY24 guidance to reach JPY 7.4 billion, driven by robust traction from existing customers and early success in vertical diversification strategies
  
• Gross profit grew 37% YoY, with gross margin reaching 51.7%, a historical high for Q1 due to GenAI technology advancements and prediction accuracy improvements
  
• Profitability ahead of schedule, with operating income turning profitable from the same period last year to JPY 65 million and a 0.9% operating margin, in addition to EBITDA margins at 10% to reach JPY 736 million
  
• R&D investment in AI technology development enhances the positive cycle of operating leverage and sales productivity improvement, thereby driving continued improvements in key operating metrics
  

TAIPEI, TAIWAN - Media OutReach Newswire - 14 May 2024 -

Strong Q1 performance reveals market strategy and business operation success

Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its earnings results for the first quarter of fiscal year 2024. Despite a traditionally low season, Appier's Q1 revenue reached JPY 7.4 billion, marking a 33% YoY growth and exceeding 31% full-year guidance, further accelerating its business traction from the last quarter and the same period of last year with its consistent growth momentum. Meanwhile, the company's gross profit YoY growth reached 37%, with a record high gross margin for Q1 of 51.7%.

The company's operating income has significantly improved, increasing by JPY 96 million YoY and achieving profitability at JPY 65 million. This performance, highlighted by a 0.9% operating margin and a 10.0% EBITDA margin, is ahead of schedule due to disciplined cost management and gross margin improvement.

Appier's enhanced gross and operating profit margins reflect its excellent execution capability to drive continuous technological advancements to profitable growth and S&M productivity enhancements. Appier's R&D investment in AI technology not only enhances the positive cycle of operating leverage and sales productivity but also positions the company on a clear path toward achieving its FY25 targets. These investments lead to continuous improvements in key operating metrics, including growth in Average Revenue per Customer (ARPC) and gross and operating margins.