Appen Ltd. ( (APPEF) ) has released its Q2 earnings. Here is a breakdown of the information Appen Ltd. presented to its investors.
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Appen Ltd., a global leader in data for the AI lifecycle, specializes in data sourcing, annotation, and model evaluation to support innovative AI systems across various sectors. In its latest earnings report for the first half of 2025, Appen reported a 9.2% decrease in total sales revenue and other income, amounting to $103.2 million, compared to the same period in 2024. The company’s Global Services segment saw a significant decline in revenue by 33.3%, while the New Markets segment experienced a 19.7% increase, driven largely by strong growth in the China business unit. Despite the overall revenue decline, Appen’s cash balance increased to $60.9 million, and the company maintained a debt-free status. Looking ahead, Appen’s management remains focused on capturing growth opportunities by enhancing data quality, operational efficiency, and technology innovation, while managing costs prudently.