Appen finds footing in AI market despite loss of Google
Appen (ASX:APX) has reported its Q3 FY24 results, highlighting resilience despite challenges in the tech sector.
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Appen Limited
With expertise in more than 180 languages, a global crowd of over 1 million skilled contractors, and the industry’s most advanced AI-assisted data annotation platform, Appen solutions provide the quality, security, and speed required by leaders in technology, automotive, financial services, retail, manufacturing, and governments worldwide.
Founded in 1996, Appen has customers and offices around the world.
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Appen shares plummet as Google terminates contract
On Monday, the tech sector witnessed another dramatic downturn, as shares in Appen (ASX:APX) slumped by 37%, adding to the bloodshed in the market.
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Appen’s earn-out payment shrinks: Mixed news for investors
The final payment for Appen's 2021 acquisition of Quadrant Global Pte Ltd is now expected to be lower than initially forecasted, impacting Appen's working capital facility.
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Appen plunges 29% following bleak interim results
Appen's (ASX:APX) shares experienced a significant 29% drop until 1pm yesterday as the company unveiled a set of interim results marked by substantial losses and declining growth, triggering investor concern.
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$60m Needed to Stage this Case of Appen Stance
Struggling tech Appen is looking for $60 million from institutions and ordinary shareholders in what could be a final effort to remain viable.
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Double Trouble for Appen and Redbubble
Carnage on and off the trading screens for both data / AI techie Appen and e-tailer Rebubble, with cost- and job-cutting the order of the day.
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Downgrade for Appen as Ad Revenues Shrink
Falling online ad revenue has forced data services company Appen to make its third downgrade since July, causing another selloff for its shares, which slumped 16% at one stage.
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Appen Fulfils its Own Prophecy with Weak Update
Appen shares slumped 30% at one stage on Tuesday after it revealed a stunningly weak trading update for its first half of 2022, as it had earlier intimated might be on the cards.
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Runaway Bride: Appen jilted after whirlwind romance
Appen shares will plunge when trading restarts this morning after Canadian suitor Telus walked away from a near $1.2 billion takeover bid just hours after it was revealed to the market.
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APX – Citi rates the stock as Buy
Citi has opened a "positive catalyst watch" on the company. Buy rating retained. Target $14.80, down from $17.10, as earnings estimates have been reduced regardless.
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