Appen Ltd. (AU:APX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
