Appian Stock Price, News & Analysis

Appian (NASDAQ: APPN) announced a partnership with Redox to enhance healthcare data interoperability through low-code data integration for payers and providers. This collaboration aims to enable secure sharing of patient medical records, improving care transitions, reducing costs, and driving patient engagement. The partnership allows health systems to easily access electronic medical records (EMRs), facilitating better care coordination and outcomes. Key remarks from executives highlight the efficiency of low-code solutions to build integrations without complex coding.

On December 14, 2021, Appian (NASDAQ: APPN) was recognized as a Leader in the Forrester Wave™ report for Digital Process Automation Software, Q4 2021. The report evaluated 14 key vendors and highlighted Appian's strengths in various criteria, including Deep DPA Support and Mobile Application Development Tools. Notably, Appian received the highest scores in 11 areas and was noted for having 'no real weaknesses.' The report emphasizes Appian's ongoing commitment to low-code solutions and the integration of Lana Labs to enhance its platform capabilities.

Appian (NASDAQ: APPN) announced that Mark Lynch, CFO, Marc Wilson, Founder, and Sri Anantha, Director of Investor Relations, will present at the Barclays Global Technology, Media, and Telecommunications Conference. The presentation is set for December 7, 2021, at 8:35 a.m. Eastern Time. It will be available via a live webcast, with replays accessible under the 'News and Events' section of Appian's investor relations website.

Appian offers a low-code platform that enables organizations to rapidly develop apps and workflows, enhancing resource maximization and business results.

Appian (NASDAQ: APPN) announced the retirement of CFO Mark Lynch effective March 31, 2022, after 13 years in the role. Lynch will assist in ensuring a smooth transition and the filing of the annual report on Form 10-K. Appian has begun the search for his successor, while promoting Mark Matheos to Chief Accounting Officer, effective December 31, 2021. The company has reaffirmed its guidance for Q4 and the full year ending December 31, 2021, previously shared in its Q3 earnings release.

Appian (NASDAQ: APPN) announced management team meetings with institutional investors at upcoming conferences. Key dates include November 16, 2021, for the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference, and November 17, 2021, for the 3rd Annual Needham Virtual Big Data & Infrastructure Software 1x1 Conference. Meetings can be arranged through the firms hosting these events. Appian offers a low-code automation platform designed to help organizations build apps and workflows effectively.

Appian reported third-quarter 2021 results showing a 36% year-over-year increase in cloud subscription revenue, totaling $46.7 million. Total subscriptions revenue rose 32% to $67.2 million, driving total revenue up 20% to $92.4 million. However, the company faced a GAAP net loss of $(25.4) million, compared to $(3.6) million in Q3 2020, and an adjusted EBITDA loss of $(12.0 million. Guidance for Q4 2021 forecasts cloud subscription revenue growth of 32% to 33%.

Appian (NASDAQ: APPN) announces that Vontobel, a Swiss investment firm, is implementing Appian Robotic Process Automation (RPA) to enhance business transformation and automation efforts. Vontobel, which has used Appian's low-code platform since 2016, benefits from the ability to automate manual processes while ensuring sensitive data remains on-premise, complying with regional data protection laws. This deployment promises to reduce operational costs, improve data quality, and enhance risk management capabilities through real-time analytics.

The University of Texas at Dallas (UTD) partnered with Appian (Nasdaq: APPN) to introduce a new course on Intelligent Automation for the 2021-2022 academic year. The course achieved a 100% job placement rate among graduating students, all of whom became certified as Appian Associate Developers. Following its initial success, enrollment jumped from 17 to 50 for the fall semester. The course utilized the Appian Low-Code Platform and concluded with a hackathon judged by industry professionals, highlighting the growing demand for certified low-code developers.