NASDAQ$APLD
Applied Digital Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Applied Digital reported financial results for the fiscal first quarter ended August 31, 2022.
Applied Digital's fiscal first quarter 2023 revenue was $6.9 million, at the high-end of guidance. The company's adjusted EBITDA was $(1.9) million, compared to adjusted EBITDA guidance of ($1.8) million) to ($2.2) million.
- Fiscal first quarter 2023 revenue of $6.9 million, at the high-end of guidance.
- Fiscal first quarter 2023 adjusted EBITDA of $(1.9) million, compared to adjusted EBITDA guidance of ($1.8) million) to ($2.2) million.
- Announced planned corporate name change to “Applied Digital Corporation”.
- Broke ground on third co-hosting facility on September 8, 2022, located in Ellendale, North Dakota with planned hosting capacity of 180MW.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$6.92M
Forward guidance
The company is focused on building to nearly 500MW of hosting capacity by early calendar 2023, all of which is already contracted. Once operational, this should translate to $100 million of annualized adjusted EBITDA.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2023
+5.3%
Avg return
Earnings day
+11.0%
Avg return
5 days after
+21.6%
Avg return
30 days after
75%
15 / 20 earnings
Positive
+32.6%
Q4 2023
Best reaction
-35.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +14.1% | +13.2% | +48.4% | |
| Q2 2026 | +7.8% | +13.0% | +9.4% | |
| Q1 2026 | +16.0% | +28.9% | +5.8% | |
| Q3 2025 | -35.9% | -26.4% | +4.1% | |
| Q2 2025 | +7.7% | +14.6% | +1.9% | |
| Q1 2025 | -12.2% | -3.8% | -3.7% | |
| Q4 2024 | -19.2% | -22.8% | +73.2% | |
| Q3 2024 | -9.4% | -18.1% | +10.7% | |
| Q2 2024 | -31.5% | -35.1% | -34.0% | |
| Q1 2024 | +4.8% | -0.8% | -5.4% | |
| Q4 2023 | +32.6% | +21.8% | -12.2% | |
| Q3 2023 | +22.8% | +40.9% | +57.7% | |
| Q2 2023 | +16.7% | +15.1% | +83.3% | |
| Q1 2022 | +14.9% | +21.4% | +39.3% | |
| Q1 2023 | +8.7% | +20.6% | +31.2% | |
| Q2 2022 | +1.0% | +8.7% | -15.5% | |
| Q4 2022 | +4.0% | +5.1% | -19.7% | |
| Q3 2021 | +21.1% | +41.1% | +52.2% | |
| Q4 2021 | +21.1% | +41.1% | +52.2% | |
| Q3 2022 | +21.1% | +41.1% | +52.2% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
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