Applied Digital Q2 revenue $12.3M, adjusted EBITDA -$2.1M; two new facilities expected by Feb 2023

Applied Digital Corp.

2023-Q2 EPS reported -$0.34 revenue$19,264,000

Revenue $12.3M; cost of revenue $11.8M (energy $10.3M); adjusted gross profit $1.5M (12% margin).
Net loss $26.6M ($0.29/sh); adjusted net loss $3.8M ($0.04/sh). Stock-based comp $21.8M.
Adjusted EBITDA loss $2.1M. Cash $18.1M, debt $20.5M.
Jamestown 100MW at full capacity; Garden City (200MW) and Ellendale (180MW) on track for energization by end of Feb.
Signed first two non-crypto HPC customers; launched $100M JV with GMR for distressed crypto assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Applied Digital Corp. reported fiscal second quarter of 2023 ended November 30, 2022 results: revenue $12.3 million.

Period: fiscal second quarter of 2023 ended November 30, 2022
Revenue: $12.3 million
Result: reported results

Exact text from the filing

of 2023 ended November 30, 2022. The Company also provided an operational update and outlook. Recent Operational and Financial Highlights • Fiscal second quarter 2023 revenue of $12.3 million • Fiscal second quarter 2023 adjusted EBITDA of $(2.1) million • 100-Megawatt (“MW”) facility in Jamestown, North Dakota operated at full capacity during the quarter • Changed

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

Applied Digital Corp. filing history →

Source: SEC EDGAR

accession 0001144879-23-000022

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