Applied Digital reports 1Q revenue of $341.9M
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08:53:39 PM UTC
SquawkNews
Applied Digital reported fiscal first quarter 2027 revenue of $341.9 million and a net loss attributable to common stockholders from continuing operations of $221.0 million (basic and diluted loss per share $0.76). On a non-GAAP basis excluding ChronoScale, adjusted revenue was $300.4 million, adju…
08:55:50 PM UTC
SquawkNews
By Elias SchisgallApplied Digital reported a wider loss despite a more than fourfold revenue increase in the fiscal first quarter, driven by continued compute demand from artificial-intelligence hyperscalers.The data-center company on Wednesday reported a loss from continuing operations of $221 mil…