The latest announcement is out from Appen Ltd. ( (AU:APX) ).
Appen Limited announced its financial results for the year ended December 31, 2024, reporting a 14% decline in revenue and other income to $235.7 million. Despite the revenue drop, the company improved its loss from ordinary activities after tax by 83.1% to $20 million. The directors decided not to pay a final dividend for the year to ensure appropriate capital allocation. The financial statements have been audited with an unmodified opinion, and the net tangible assets per ordinary security increased to 32.27 US cents from 25.03 US cents in the previous year.
More about Appen Ltd.
Appen Limited is a global leader in providing data for the AI lifecycle, specializing in data sourcing, annotation, and model evaluation. With over 28 years of experience, Appen supports organizations in launching innovative AI systems through its global network of over 1 million skilled contractors and an advanced AI data platform. The company serves various sectors, including technology, automotive, financial services, retail, healthcare, and government, with a presence in over 200 countries.
YTD Price Performance: 13.31%
Average Trading Volume: 2,343
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $477.2M
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