Applied Digital Q3 revenue $43.3M (+208% YoY); net loss $62.8M; Ellendale outage weighs

Applied Digital Corp.

2024-Q3 EPS reported -$0.77 revenue$121,876,000

Net loss of $62.8M ($0.52/share) vs $7.3M loss a year ago; adjusted EBITDA loss of $2.3M.
Revenue rose 208% to $43.3M on expanded datacenter capacity and new Cloud services revenue.
Ellendale 180MW facility experienced power outage in Jan; re-energized to ~14% capacity (25MW); targeting 65-75% by end of May.
Executed LOI with US hyperscaler for 400MW lease at Ellendale campus (incl. 100MW HPC facility).
Strengthened balance sheet with $160M in asset sales/financing; cash and equivalents $41M, debt $61.8M.

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 third quarter 2024 results: revenue $43.3 million.

Period: fiscal third quarter 2024
Revenue: $43.3 million
Result: reported results

Exact text from the filing

Total revenues in the fiscal third quarter 2024 were $43.3 million, up 208% from the fiscal third quarter 2023.

View on SEC.gov

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

Applied Digital Corp. filing history →

Source: SEC EDGAR

accession 0001144879-24-000077

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.