Ault Global Holdings, Inc. (DPW) Q2 2021 Results Conference Call August 16, 2021 5:30 PM ET Company Participants Ken Cragun - Chief Financial Officer Todd Ault - Executive Chairman Will Horne - Vice Chairman and CEO Henry Nisser - President, Director & General Counsel David Katzoff - SVP of Finance Chris Wu - Head of Alternative Investments Darren Magot - CEO, Ault Alliance Douglas Gintz - Chief Technology Officer Joe Spaziano - VP and Chief Information Officer James Turner - Deputy General Counsel and VP o ...

Revenue Performance - Total revenue for the three months ended June 30, 2021, was $62.1 million, a significant increase of $56.7 million or 1050% compared to $5.4 million in the same period of 2020[196] - Revenue from cryptocurrency mining was $291,000, while revenue from lending and trading activities reached $53.3 million, marking a dramatic increase of 156788% compared to a loss of $34,000 in the prior year[196] - Total revenue for the six months ended June 30, 2021, was $75.4 million, a 585% increase from $11.0 million in the same period of 2020[218] - Revenue from lending and trading activities for the six months ended June 30, 2021, was $58.5 million, compared to $2,000 in the same period of 2020, marking a dramatic increase[219] - Revenues from lending and trading activities increased to $58.5 million for the six months ended June 30, 2021, compared to $2,000 for the same period in 2020, driven by significant capital allocation from recent equity financing[222] Profitability - Gross profit for the three months ended June 30, 2021, was $55.9 million, compared to $1.9 million in the same period of 2020[194] - Gross margins increased to 89.9% for Q2 2021, compared to 37.1% in Q2 2020, influenced by favorable margins from lending and trading activities[202] - Gross margins rose to 84.9% for the six months ended June 30, 2021, up from 33.2% in the same period of 2020, influenced by favorable margins from lending and trading activities[224] - Net income attributable to Ault Global Holdings for the three months ended June 30, 2021, was $42.2 million, compared to a net loss of $1.4 million in the same period of 2020[194] - Net income for Q2 2021 was $42.2 million, a significant improvement from a net loss of $1.4 million in Q2 2020[212] - Net income for the six months ended June 30, 2021, was $44.2 million, a significant improvement from a net loss of $7.9 million in the same period of 2020[234] Expenses - Operating expenses totaled $10.0 million for the three months ended June 30, 2021, compared to $2.7 million in the same period of 2020[194] - Research and development expenses rose by $69,000 to $531,000 for Q2 2021, primarily due to costs related to electric vehicle charger product development[203] - Selling and marketing expenses surged to $1.5 million for Q2 2021, up 410% from $295,000 in Q2 2020, driven by increased personnel costs and digital marketing efforts[204] - General and administrative expenses increased to $8.0 million for Q2 2021, compared to $2.9 million in Q2 2020, largely due to a $2.9 million performance bonus accrual and costs from the acquired Relec[205] - Research and development expenses increased by $230,000 to $1.1 million for the six months ended June 30, 2021, primarily due to costs related to electric vehicle charger product development[225] - Selling and marketing expenses surged to $2.7 million for the six months ended June 30, 2021, a 334% increase from $633,000 in the same period of 2020, attributed to increased personnel costs and digital marketing efforts[226] - General and administrative expenses rose to $13.1 million for the six months ended June 30, 2021, compared to $5.8 million in the same period of 2020, with a significant portion due to a $2.9 million performance bonus accrual[227] Cash Flow and Investments - Cash and cash equivalents increased to $105.4 million as of June 30, 2021, up from $18.7 million at December 31, 2020, primarily due to financing activities related to the 2021 ATM offering[236] - Net cash used in investing activities was $29.7 million for the six months ended June 30, 2021, compared to $152,000 for the same period in 2020, reflecting various acquisitions and investments[236] - Net cash provided by financing activities was $138.1 million for the six months ended June 30, 2021, compared to $3.6 million in the same period of 2020, mainly from proceeds of the 2021 ATM offering[239] Acquisitions and Investments - The company acquired a Michigan Cloud Data Center for $3.9 million, enhancing its operational capacity[183] - Ault Global invested $10 million in Alzamend Neuro, Inc., with a focus on achieving FDA approval for its lithium-based therapy[184] - Gresham Worldwide (GWW) revenues increased by $2.3 million or 55% to $6.5 million, including $1.7 million from the acquisition of Relec[197] - Coolisys revenues increased by $586,000 or 47% to $1.8 million, attributed to prior year disruptions due to COVID-19[198]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________. Commission file number 1-12711 DPW HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 94-1721931 (State or other juris ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________. Commission file number 1-12711 DPW HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________. Commission file number 1-12711 DPW HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 94-1721931 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 Commission file number 1-12711 DPW HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 94-1721931 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Securities registered under Section 12(b) of the Act: Securities register ...

Revenue Performance - Total revenue decreased by $1,963,259, or 23.5%, to $6,381,663 for the three months ended September 30, 2019, compared to $8,344,922 for the same period in 2018[230] - Revenue from cryptocurrency mining decreased by $282,993 due to a reduction in active miners from 1,512 to 978 and increased difficulty in mining[231] - Revenue from restaurant operations decreased by $548,057, primarily due to construction projects affecting access to locations and increased competition[233] - Total revenue for the nine months ended September 30, 2019, decreased by $1,515,830, or 7.2%, to $19,468,773 from $20,984,603 for the same period in 2018[253] Profitability and Loss - Net loss attributable to DPW Holdings was $10,340,851 for the three months ended September 30, 2019, compared to a net loss of $7,449,971 for the same period in 2018[227] - Basic and diluted net loss per common share was $(6.47) for the three months ended September 30, 2019, compared to $(88.23) for the same period in 2018[227] - The company recorded an operating loss of $7,970,036 for the three months ended September 30, 2019, compared to an operating loss of $4,187,845 for the same period in 2018, representing an increase in operating loss of approximately 90%[241] - Net loss for the three months ended September 30, 2019, was $10,340,851, compared to a net loss of $7,524,385 for the same period in 2018, indicating an increase in net loss of approximately 37%[246] - Operating loss increased to $16,476,978 for the nine months ended September 30, 2019, compared to $11,255,164 for the same period in 2018[264] - The net loss for the nine months ended September 30, 2019, was $21,110,774, slightly higher than the net loss of $20,616,868 for the same period in 2018[270] Expenses - Gross margin increased to 27.3% for the three months ended September 30, 2019, compared to 24.3% for the same period in 2018[234] - Engineering and product development expenses increased by $148,347 to $481,902 for the three months ended September 30, 2019, attributed to increased spending at Enertec[237] - Selling and marketing expenses decreased by $397,878 to $392,725 for the three months ended September 30, 2019, due to a reduction in sales and marketing personnel[238] - General and administrative expenses decreased by $568,671 to $4,519,641 for the three months ended September 30, 2019, mainly due to lower stock compensation and legal fees[239] - General and administrative expenses increased by $1,886,849 to $14,584,758 for the nine months ended September 30, 2019, primarily due to acquisitions of Enertec and I.AM[262] - Engineering and product development expenses increased by $364,855 to $1,408,848 for the nine months ended September 30, 2019, attributed to the acquisition of Enertec[259] Cash Flow and Financing - Net cash used in operating activities totaled $8,377,278 for the nine months ended September 30, 2019, a decrease from $9,430,055 in the prior year[274] - Net cash used in investing activities was $2,686,506 for the nine months ended September 30, 2019, significantly lower than $19,915,693 for the same period in 2018[276] - The company raised $11,083,232 from financing activities for the nine months ended September 30, 2019, compared to $28,791,362 in the previous year[276] - The company anticipates continuing to incur losses and will need to raise additional capital to support working capital requirements[281] Other Financial Metrics - Interest income increased to $898,646 for the three months ended September 30, 2019, compared to $712,262 for the same period in 2018, reflecting an increase of approximately 26%[242] - Interest expense decreased to $2,954,843 for the three months ended September 30, 2019, from $4,072,539 for the same period in 2018, a reduction of approximately 27.5%[243] - Other comprehensive loss was $11,431,449 for the three months ended September 30, 2019, compared to $8,869,634 for the same period in 2018, indicating an increase of approximately 29%[248] - The fair value of the warrants issued in the Offering decreased by $165,840 during the three months ended September 30, 2019[245] - Interest income rose to $2,647,110 for the nine months ended September 30, 2019, up from $1,955,885 in the prior year[265] - Interest expense decreased to $5,586,639 for the nine months ended September 30, 2019, compared to $11,335,069 for the same period in 2018[266] Asset Impairment - Asset impairment charges of $4,315,856 were recognized during the three months ended September 30, 2019, related to impairments of cryptocurrency equipment[240] - The company recognized asset impairment charges of $4,315,856 related to cryptocurrency equipment during the nine months ended September 30, 2019[263]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 par value DPW NYSE American ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2019 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________. Commission fil ...