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Applied Digital Corporation Q2 Loss Increases

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Applied Digital Corporation (APLD) reported Loss for its second quarter that increased from last year

The company's earnings totaled -$139.36 million, or -$0.66 per share. This compares with -$10.53 million, or -$0.10 per share, in last year's second quarter.

Excluding items, Applied Digital Corporation reported adjusted earnings of -$12.57 million or -$0.06 per share for the period.

The company's revenue for the quarter rose 51.4% to $63.87 million from $42.20 million last year.

Applied Digital Corporation earnings at a glance (GAAP) :

-Earnings (Q2): -$139.36 Mln. vs. -$10.53 Mln. last year.
-EPS (Q2): -$0.66 vs. -$0.10 last year.
-Revenue (Q2): $63.87 Mln vs. $42.20 Mln last year.

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