The financial results aren't soft. They have cratered. Their EBITDA margin has evaporated. They are a in dire straits that begs the questions - is Appen a relevant business anymore or, in this new age of digital privacy and chatGPT, has it become redundant? Can Appen survive, does it have anything the market actually needs or is it in a permanent tailspin as it's products and services are less and less needed?
Unfortunately, I am going to have to cling to these shares like a rat to a shinking ship, praying that some kind of miracle will occur and my investment (at $15!!!) will some how come back to me before I'm 150 years old, if at all.
Snowball's chance in hell?
Ann: Appen 2022 Full Year Results, page-18
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