NASDAQ$APLD
Applied Digital Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong financial results with sequential revenue growth and reaffirmed fiscal year guidance.
Applied Digital reported a strong start to fiscal year 2024, with a 425% increase in total revenue to $36.3 million compared to the same quarter last year. The company's Ellendale, ND facility was fully energized, and they began recognizing revenue from their first Cloud Services contract. They reaffirmed their full-year fiscal 2024 revenue guidance of $385 million - $405 million and Adjusted EBITDA guidance of $195 million - $205 million.
- Total revenue reached $36.3 million, a 425% increase year-over-year.
- Net loss was $11.9 million, or $(0.12) per share.
- Adjusted EBITDA was $10.0 million.
- The Ellendale, ND hosting facility was fully energized.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$36.3M
Forward guidance
For the full year fiscal 2024, Applied Digital reaffirms its previously announced guidance.
Tailwinds
- Total revenue is expected to be in the range of $385 million - $405 million.
- Adjusted EBITDA is expected to be in the range of $195 million - $205 million.
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 2024
+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 | — | — | — |
Discussion
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