Applied Digital Reports Fiscal Fourth Quarter and Full Year 2024 Results
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
DALLAS, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, cloud services (“Cloud Services”), and data center hosting (“Data Center Hosting”), reported financial results for the fiscal fourth quarter and full year ended May 31, 2024. The Company also provided an operational update. Fiscal Fourth Quarter 2024 Financial and Operational Highlights Fiscal fourth quarter 2024 revenue of $43.7 millionFiscal fourth quarter 2024 net loss of $64.8 millionFiscal fourth quarter 2024 adjusted net loss of $45.3 million, which was negatively impacted by $15.5 million of expenses associated with facilities and equipment that were not yet generating revenueFiscal fourth quarter 2024 adjusted EBITDA of $4.8 millionThe Company successfully procured new transformers and related components from North
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News
- Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes OfferingGlobeNewswire
- Applied Digital Co. (NASDAQ: APLD) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $11.00 price target on the stock.MarketBeat
- Applied Digital Corporation Announces Upsize and Pricing of $375 Million of Convertible Notes OfferingGlobeNewswire
- Applied Digital Corporation Announces Proposed Private Offering of $300 Million of Convertible NotesGlobeNewswire
- Applied Digital Co. (NASDAQ: APLD) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $11.00 price target on the stock.MarketBeat
APLD
Earnings
- 10/9/24 - Beat
APLD
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form S-1/A
- 11/21/24 - Form 4/A
- APLD's page on the SEC website