Applied Digital prelim Q4 rev ~$22M, net loss ~$6.8M; launches AI Cloud with $180M customer deal

Applied Digital Corp.

Preliminary Q4 FY2023 revenue ~$22M, net loss ~$6.8M, Adjusted EBITDA $2.7-3.2M (subject to audit).
AI Cloud service launched; first major customer agreement worth up to $180M over 24 months with significant pre-payment.
Ordered >26,000 GPUs; top 11 pipeline opportunities have potential $1.3B revenue over 3 years.
HPC datacenter: 9 MW facility in Jamestown, ND, expected online H2 2023; plans to expand to 200 MW.
Crypto datacenter: 240 MW online, 246 MW coming online, all contracted under multi-year arrangements.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Applied Digital Corp. reported fourth quarter ended May 31, 2023 results: revenue approximately $22 million, net income approximately $6.8 million.

Period: fourth quarter ended May 31, 2023
Revenue: approximately $22 million
Net income: approximately $6.8 million
Result: preliminary results

Exact text from the filing

we estimate that our revenues overall will be approximately $22 million. For the fiscal fourth quarter of 2023, we estimate that our net loss overall will be approximately $6.8 million

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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 0001144879-23-000163

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