APX 3.33% $1.55 appen limited

Jeffreries Target Price-$0.60, page-142

  1. 879 Posts.
    lightbulb Created with Sketch. 79
    From recent announcements i am reading, At the end of June, cash in the bank was $55 million.

    By the end of October, cash in the bank was $20.5 million.

    Looks to still be haemorrhaging cash. Incredible for a company that was previously healthy and profitable. Apart from increased competition in the AI space i cant get my head around how things could have deteriorated so quickly.

    I keep thinking its reached bargain basement prices but then it goes lower. Catch a falling knife and you just end up with blood on your hands.

    Where will it end? Could this go bust?

 
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