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Artificial intelligence data services company Appen has updated its first half 2022 results:
Underlying net loss after tax of $3.8 million, compared to a $12.5 million net profit after tax in 1H FY21.” Brayan continued: “The fundamentals of our business remain strong and our operational performance and the quality of our service we provide customers continues to improve, evidenced by higher NPS.”
The update comes after Appen advised its year-to-date revenue was lower than the prior corresponding period in late-May. Appen also advised that 1H FY2022 EBITDA was expected to be “materially lower than the prior corresponding period”.
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