ASX:APX

2 stories mentioning ASX:APXUpdated 40d ago

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Appen Reaffirms Fiscal 2026 Revenue Guidance of Up to AU$300 Million

Appen (ASX:APX) reaffirmed its fiscal 2026 guidance for revenue at between AU$270 million and AU$300 million, with an underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) margin before foreign exchange of about 5% to 10%, according to a Friday Australian bourse filing.The company said fourth-quarter revenue was AU$41.4 million, up 56% on the third quarter, driven by new project wins, with underlying EBITDA of AU$10.2 million, reflecting a 24.6% EBITDA margin for the quarter.

ASX:APX

Asia55d ago

Appen Shares Rise After Joining Forces With Artificial Intelligence Technology Company

Appen (ASX:APX) shares rose more than 1% in morning trade on Thursday following its collaboration with artificial intelligence technology company Hugging Face to bring private audio datasets to the Open ASR Leaderboard, an open benchmarking resource for automatic speech recognition models.The leaderboard ranks models based on word error rate, reflecting transcription accuracy, with lower scores indicating better performance, Appen said in a statement released Wednesday.

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