Hi all,
Appen has been on my watchlist for a while. Unfortunately the fundamentals are rather poor at the moment, so I am not tempted to invest in it, but I am extremely curious why did Appen not do well as a business (at least so far).
I am in the IT for my entire professional career so I understand the value they are offering to businesses. And that is what makes it even weirder for me - at the time of the bubble-like AI&ML hype their services to provide structured processed data to the companies should be in high demand. After all, to train an ML model you need processed and structured data. So I am genuinely wondering what went wrong. Have their customers developed similar capabilities in-house? Was there a technology shift to make their services obsolete? Did they lose to a more successful competitor?
They were quite profitable until 2021, so their business model was viable at some point. I get the inflation and the rate rises, but the magnitude of decline for a service that is supposed to be in demand is quite unusual.
I am sure there are people here with much better knowledge of the company than I, would be great to hear from them.
Good luck to holders, hope it turns around.
- Forums
- ASX - By Stock
- APX
- What's wrong with Appen's business?
What's wrong with Appen's business?
-
- There are more pages in this discussion • 103 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add APX (ASX) to my watchlist
(20min delay)
|
|||||
Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $95.89M |
Open | High | Low | Value | Volume |
44.5¢ | 45.5¢ | 43.0¢ | $355.3K | 808.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 376602 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 7510 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20430 | 0.465 |
1 | 833 | 0.460 |
1 | 1715 | 0.455 |
2 | 20016 | 0.445 |
1 | 10333 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 1700 | 1 |
0.430 | 2916 | 3 |
0.435 | 37510 | 2 |
0.445 | 18184 | 3 |
0.450 | 8498 | 3 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
Featured News
APX (ASX) Chart |