{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-24-000004","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2024-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.512894+00:00","generated_at":"2026-06-06T22:58:59.235626+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Applied Digital reports Q2 revenue $42.2M, adjusted EBITDA $10.6M; cuts FY guidance on component delays","bullets":["Revenue $42.2M, up 242% YoY; net loss $10.5M ($0.10 per share).","Adjusted EBITDA $10.6M vs. loss of $2.2M a year ago.","Guidance cut: FY2024 revenue and EBITDA below prior range due to delayed networking components.","Now expects exit annual revenue run rate ~$500M and adjusted EBITDA run rate ~$250M.","Signed conditional agreement for datacenter capacity at Ellendale, ND; completed ATM offering with $23.1M net proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-24-000004","json":"https://secwatch.observer/filing/0001144879-24-000004.json","markdown":"https://secwatch.observer/filing/0001144879-24-000004.md","text":"https://secwatch.observer/filing/0001144879-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000004/0001144879-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000004/apld-20240116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T22:58:59.235626+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cf0ded8dddbba8a68d9036f4e2133e1814497326","claim":"Applied Digital Corp. reported fiscal second quarter ended November 30, 2023 results: net income Net loss of $10.5 million.","evidence_excerpt":"Fiscal Second Quarter 2024 Financial and Operational Highlights • Total revenue of $42.2 million • Net loss of $10.5 million • Adjusted EBITDA of $10.6 million • Adjusted net loss of $5.2 million, or adjusted loss per share of $0.05 • Energized 200 megawatt (\"MW\") hosting facility in Garden City, Texas • Began construction of 100 megawatt (\"MW\") high-performance computing facility (“HPC”) in Ellendale, North Dakota Adjusted EBITDA, adjusted net income, and adjusted earnings per share are non-GAAP measures.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000004/0001144879-24-000004-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended November 30, 2023"},{"label":"Net income","value":"Net loss of $10.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}