secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001898844-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital Q1 revenue $36.3M, adj. EBITDA $10.0M, reaffirms FY2024 guidance
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- Revenue $36.3M (+425% YoY); net loss $11.9M ($0.12/share) vs loss $4.7M a year ago.
- Adjusted EBITDA $10.0M vs $(1.7)M YoY; adjusted net income $0.1M.
- Reaffirmed FY2024 guidance: revenue $385M-$405M, adj. EBITDA $195M-$205M.
- Fully energized 180MW Ellendale facility; Garden City, TX expected to energize in Q4 2023.
- Accrued $2.3M loss on legal settlement, increasing net loss from previously reported $9.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000189884423000007/0001898844-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000189884423000007/apld-20231009.htm
  HTML page:      https://secwatch.observer/filing/0001898844-23-000007

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