Australia's Appen on track for best day in 5 months on upbeat quarterly results
29/07/2026 06:29
BUZZ-Australia's Appen on track for best day in 5 months on upbeat quarterly results ** Shares of Appen APX.AX rise as much as 24.9% to A$1.08, on track to mark their best session since February 25
** Rise to highest since June 19
** AI training data provider reports second quarter revenue of $65.1 million, up 26% YoY
** Underlying EBITDA, before FX, at $4.4 million for the quarter, clocking a $5 million improvement
** Co reaffirms FY26 group guidance of revenue of $270 million - $300 million and underlying EBITDA, before FX, margin of ~5%-10%
** About 10 million shares change hands, 5.2 times the 30-day avg
** Up ~24% YTD
(Reporting by Anjali Singh in Bengaluru)