Appen Ltd. (AU:APX) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Appen Ltd. has reported a positive revenue trajectory for Q3 FY24, with a 35% increase in revenue excluding Google, driven by growth in generative AI projects. The company achieved a profit in underlying EBITDA, marking an $8.5 million improvement from a loss in the previous year, and maintains a strong cash balance following an institutional placement.
For further insights into AU:APX stock, check out TipRanks’ Stock Analysis page.