Appen Ltd. (AU:APX) has released an update.
Appen Ltd. reports encouraging Q2 financial results with a 16% revenue increase excluding Google, signaling strength in generative AI projects. Despite the loss of the Google account, overall revenue reached $21.1 million in June, and the company has made significant progress toward its goal of cash EBITDA positivity in H2 2024, backed by a healthy cash balance of $34.7 million.
For further insights into AU:APX stock, check out TipRanks’ Stock Analysis page.