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.
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Last
$1.18 |
Change
0.015(1.29%) |
Mkt cap ! $311.2M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.20 | $1.17 | $6.401M | 5.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 32759 | 3 |
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| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| APX (ASX) Chart |