Appen [ASX:APX] Plummets 25% As 1H 22 EBITDA Declines 69%
Artificial intelligence data services stock Appen [ASX:APX] sank on Tuesday after reporting disappointing H1 FY22 trading results.
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Artificial intelligence data services stock Appen [ASX:APX] sank on Tuesday after reporting disappointing H1 FY22 trading results.
The Appen Ltd (ASX: APX) share price is on watch after the company updated the market on its first half earnings.
After two downgrades in 10 weeks, it appears that the market has stopped listening to Appen’s financial forecasts.
The artificial intelligence crowdsourcing company which works with Facebook, Google, Amazon and Microsoft suffered an almighty fall on Tuesday.
At the heart of Appen’s woes, analysts say, is one simple fact – it is still a services business.