Applied Digital Corp (APLD) Reports Q1 Revenue of $60.7M, Beating Estimates; EPS Loss of $0.
Applied Digital (APLD) Gurufocus·2024-10-09 21:44On October 9, 2024, Applied Digital Corp (APLD, Financial) released its 8-K filing for the fiscal first quarter ended August 31, 2024. The company, a leader in next-generation digital infrastructure, reported a significant revenue increase, although it faced challenges with net losses. Applied Digital Corp operates across North America, providing digital infrastructure solutions and cloud services, primarily generating revenue from its Data Center Hosting Business.Performance Overview and Challenges Applied ...