Applied Digital Reports Fiscal Third Quarter 2024 Results
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
DALLAS, April 11, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, cloud services (“Cloud services”), and datacenter hosting (“Datacenter hosting”), reported financial results for the fiscal third quarter ended February 29, 2024. The Company also provided an operational update. Fiscal Third Quarter 2024 Financial and Operational Highlights Total revenue of $43.3 millionAdjusted EBITDA loss of $2.3 millionDespite the considerable challenges from the outages at Ellendale, our HPC and Cloud Services sectors continue to make strides with additional clusters deployed, and we continue to make progress in our Ellendale HPC facility construction. Post-Quarter Operational Highlights Significantly strengthened balance sheet with $160 million of announced asset sales and financing transactions.Ent
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News
- Applied Digital Appoints Ella Benson to Board of DirectorsGlobeNewswire
- Applied Digital Co. (NASDAQ: APLD) had its price target lowered by analysts at Lake Street Capital from $19.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Digital Co. (NASDAQ: APLD) had its price target lowered by analysts at Roth Mkm from $13.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Digital Co. (NASDAQ: APLD) had its price target lowered by analysts at Needham & Company LLC from $13.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Digital Reschedules Fiscal Third Quarter 2024 Earnings Conference Call to Thursday, April 11, 2024 at 5:00 p.m. Eastern TimeGlobeNewswire
APLD
Earnings
- 4/11/24 - Miss
APLD
Sec Filings
- 5/1/24 - Form 8-K
- 4/30/24 - Form 8-K
- 4/30/24 - Form 8-K
- APLD's page on the SEC website