Interesting to see that the market is looking for stocks with a large AI business. It probably explains why Appen rebounded by 50 % vs its low in Dec 22.
It looks to me less risky (and cheaper) to invest in AI via Enero, which half of the profit now comes from its 51 % contribution in OB Media. OB Media is focused on AI and machine learning, which probably explains why they just have 50 employees to generate 58 m of revenues in FY 22. In FY 22, OB Media increased its sales by 63 % (after + 181 % in FY 21) and had an operating EBITDA margin of 76 %.
EGG Price at posting:
$2.93 Sentiment: Buy Disclosure: Held
