APPEF — Stock Film
STOCK FILMSCENE 1/11APPEF · $0.71
Stock Expert AI presents
APPEF
Appen Limited
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Appen Limited. What it actually does.

Collect and label various types of data, including image, text, speech, audio, and video, for artificial intelligence systems. Now — the numbers.

on the stock market since 2018
1,185 employees
$191.3M market value
Revenue last year:
$238.8M
The loss that same year:
$22.6M
For every $1 it earns, the company spends $1.1.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales have been shrinking.

An average decline of 15% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.

$447.2M
2021
2022
2023
2024
$238.8M
2025
In the vault right now:
$59.9M
DEBT: $9.4M
At this pace, that money lasts about 2.7 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
0.8×

This company is not turning a profit, so the market is pricing its sales instead: 0.8× for every dollar of annual revenue.

No analyst target is on record for this company.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 3 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

WEAK SPOTS
Thin trading in the shares2/10
Thin profit on each sale3/10
Sales are shrinking4/10
WORTH WATCHING

Trading Liquidity: The shares change hands too rarely for smooth trading.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 92% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/2
The product is selling

Sales run at $238.8M a year. A small number, but proof the product has real buyers.

2
THE BRIGHT SIDE · 2/2
Strong cash, light debt

There is $59.9M in the vault; even if every debt were paid off, $50.5M would remain.

1
THE RISKS · 1/2
Running at a loss

A loss of $22.6M against $238.8M in annual sales.

2
THE RISKS · 2/2
Trading under $1

The stock sits at $0.71. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.

FINALE · THE GRADE
C
47 / 100 · MoonshotScore

Against everything we grade, APPEF lands near the bottom. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: APPEF is a high-risk stock — not yet profitable, and its future rides on its product catching on.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film