Appen Ltd (APX)

Appen Ltd (APX)

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Appen Ltd (APX) Profile

Appen Ltd (APX.xasx) is a company that provides or improves data used for the development of machine learning and artificial intelligence (AI) products, headquartered in New South Wales, Sydney, Australia. Appen collects and labels images, text, speech, audio, video, and other data with 1125 employees and over 1M contractors speaking 235 languages in over 70,000 locations and 170 countries. The company provides the most advanced AI-assisted data annotation platform to improve search and social media engines. Appen has offices in the United States, China, Philippines, England and Japan. The Appen Ltd stock (APX) is listed in the Australian Securities Exchange (ASX), had a market capitalisation of $1.21B (AUD) as of January 2022, and $599.99M (AUD) in 2020 yearly revenue. In late 2021, Appen announced launching a Japan-based team aiming to accelerate growth in the Japanese market. In addition, Appen signed a definitive agreement to acquire Quadrant, a global company in mobile location data, point-of-interest data and corresponding compliance services.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

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