APX Charts, page-2131

Why Appen can climb above $3.5 soon ?

A. New markets revenue increased to 28% to 49.8 million.

B. Gross margin percentage increased 0.4% points to 37.7%

C. Underlying EBITDA improved 13.4 million to only loss of 2.3 million before FX

D. Statuary NPAT improved by 25.5 million

E. Cash Balance $34.7 million as of June 2024 up $2.6 million from December 2023.

F. Cashflow from operations increased to 10.6 million

G. China Business $25.4 million up 66% from June 2023.

H. Number of Generative AI Customer 42 in June 2024 , added 23 this year.

I. Significantly improved underlying EBITDA and going positive soon on a run rate basis

J. Share price hit 1 year high and has bounced back again from 93cents. Profit taking already occurred 3 weeks back.

K. Fundies are interested and holding many shares with an average around $1.

L. Insiders are holding since around $9.5

M. Many happy faces witnessed during AGM with huge signs of turnaround.

N.Possibly cap raise situation is dead and buried .

O. Share price went down to test below $1.5, returned back above $1.5 with high volume to close the week. $1.5 is a massive support zone, if it starts to climb from here $3.6 can easily be made & crash is very unlikely.

Above all , please kindly do your own research. This is just my prediction SP is ready to test $3.6 in short term