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APX Appen Ltd

Scouring the world for ways for its global clients to play the AI theme, Citi analysts identified the ASX-listed Appen, a little-known company that is a global leader in the development of high-quality, human-annotated data for machine-learning programs.

 

What does that mean? The company is "well positioned" to help global tech firms, such as Microsoft, to develop voice-activated interfaces and to improve internet search quality.

 

"We expect voice-based human-machine interaction to grow materially through improvements in natural language processing," the Citi analysts write. "We see the technology industry as being at a tipping point with the emergence of voice digital assistants (for example, Amazon's Alexa) and expect Appen's language resources division to benefit from this."

 

The Citi analysts quote research suggesting that by 2019, 20 per cent of all user interactions with the smartphone will be via smart assistants.

 

Read more: http://www.afr.com/personal-finance/how-to...v#ixzz524YAHaRb

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Thanks jacsar,

Future work will fall into one of three categories, says Robert Hillard, managing partner, Deloitte Consulting.

 

"Firstly, people who work for machines such as drivers, online store pickers and some health professionals who are working to a schedule," Mr Hillard says.

 

"Secondly, people who work with machines such as surgeons using machines to help with diagnosis, and thirdly, people who work on the machines, such as programmers and designers."

- and, for the rest, men will wear Hi-Viz and the women will go to meetings

 

.... the future's not certain, that's for sure

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Strong performance today - currently up 30% @ $10.605/share, following release of FY2017 results

 

FY2017 highlights (A$m)

High growth continues

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Revenue up 50% to $166.6M

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Underlying EBITDA of $28.1M up 62%, statutory EBITDA up 29%2

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Underlying NPAT of $19.7M up 86%, statutory NPAT up 36%3

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Underlying EBITDA margin improvement from 15.6% to 16.9%

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Strong cash conversion (74% of EBITDA4)

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Full year dividend of 6.0cps, up 20% on 2016

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Acquired Leapforce, >35% expected EPS accretion

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Secure facility implemented and running large scale projects

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ New customers and new projects

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Working in multiple data formats: text, audio, image and video

 

2. Underlying EBITDA excludes transaction costs of $5.9m from the acquisition of Leapforce. Constant currency underlying EBITDA growth was 73%.

3. Underlying NPAT excludes after tax impact of transaction costs of $5.5m. Constant currency underlying NPAT growth was 87%.

4. Increase in Leapforce working capital from acquisition date to year end of $1.1m. Excluding this, cashflow conversion was 78%

https://www.shortman.com.au/stock?q=apx

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NEC off loads 2 mil shares - "for a number of personal reasons" - maybe one other reason is "it's a good time to sell a few"

Appen Limited (ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“AppenÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ) (ASX:APX) today announces that Non-Executive Chairman, Mr Chris

Vonwiller, has sold 2 million shares in the Company for a number of personal reasons, including

philanthropic endeavours.

 

Mr Vonwiller remains the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s largest shareholder, with a holding of approximately 11

million shares (representing more than 10% of the company and worth approximately $113.7

million as at close of trading on 1 June 2018), and intends to remain a committed long-term

shareholder of Appen.

https://www.shortman.com.au/stock?q=apx

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Better than expected - SP up accordingly @ $12.46 +11.55%

APPEN ANNOUNCES FULL YEAR EARNINGS UPGRADE

 

Appen Limited (ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“AppenÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ) (ASX:APX) a global leader in the development of high-quality,

human annotated datasets for machine learning and artificial intelligence, has today

announced an increase to its full year earnings guidance.

 

The CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s full year underlying EBITDA for FY2018, ending December 31st 2018, is

estimated to be in the range of $62m to $65m (at A$1=US$0.80). Previous guidance was

for underlying EBITDA in the range of $54m to $59m.

 

AppenÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s improved FY2018 earning forecast is driven by a sharp increase in monthly

revenues, largely from existing projects from existing customers. The CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s full year

earnings are susceptible to upside or downside factors including timing of work from

major customers and Australian dollar fluctuations.

https://www.shortman.com.au/stock?q=apx

 

No chart upload capability - failed again unfortunately

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SP up18.5% currently @ $22.29 following release of FY2018 results. A couple of notable short alerts last week - 14/2 and 18/2 - will be scrambling to cover this morning adding to SP spike. Has left a large gap @ $18.81, which may need to be closed at some stage

https://www.shortman.com.au/stock?q=apx

APPENâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢S STRONG GROWTH CONTINUES

Appen Limited (âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“Appenâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚ÂÂ) (ASX:APX) a global leader in the development of high-quality,

human annotated datasets for machine learning and artificial intelligence (AI), has today

announced its Full Year results for the year ended 31st December 2018.

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Revenue up 119% to $364.3M

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Underlying EBITDA of $71.3M up 153%, statutory EBITDA up 206%1

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Underlying EBITDA margins improved from 16.9% to 19.6%

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Underlying NPAT of $49.0M up 148%, statutory NPAT of $41.7M up 192%2

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Substantial 2H for Language Resources delivers record annual divisional revenue

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ High revenue growth and margin expansion for Content Relevance. Strong Q4

performance

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Leapforce integration nearing completion

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Leapforce efficiency savings of $6M in 2019, to be reinvested in engineering

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Strong cash conversion (92% of underlying EBITDA)

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ Full year dividend of 8.0 cps, up 33% on 2018

âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚¢ The Companyâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s full year underlying EBITDA for the year ending Dec 31st 2019 is

currently forecast to be in the range $85M - $90M (after engineering investment

of $6M. At A$1 = US$0.74 Feb-Dec 2019)

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