Appen Limited (ASX: APX)

Appen Limited (Appen) is an Australia-based company. The Company is engaged in providing data services for deep learning and generative artificial intelligence (AI) systems. The Company operates through two segments: Global Services and New Markets.

The Global Services represent the services that the Company provides to its five United States technology customers (Global customers) using the customer’s data annotation platforms and tools. New Markets comprise Appen’s data annotation platform and tools (Global Product), and the enterprise, government, and China business units. New Markets also include Quadrant geolocation and Point-of-Interest (POI) data capabilities.

Its Annotation Platform is the platform that both customers and internal teams used to design, run and manage data annotation tasks. The Company serves various industries, including technology, automotive, financial services, healthcare, retail, and government agencies.

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REVENUE IN AUD (TTM)

413.46m

NET INCOME IN AUD

-178.07m

Year on year Appen Ltd had revenues fall -29.43% from 388.49m to 274.17m, though the company grew net income from a loss of 239.07m to a smaller loss of 118.08m.