NASDAQ$APLD
Applied Digital Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a 14% sequential revenue growth.
Applied Digital reported financial results for the fiscal third quarter of 2023 ended February 28, 2023. The company reported revenue of $14.1 million and an adjusted EBITDA of $0.9 million.
- Generated sequential revenue growth of 14%.
- Reported fiscal third quarter 2023 revenue of $14.1 million.
- Reported fiscal third quarter 2023 adjusted EBITDA of $0.9 million.
- Energized second co-hosting facility in Ellendale, North Dakota in early March.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$14.1M
Forward guidance
The company remains excited about the future and its ability to deliver long-term, high-margin, sustainable cash flow. While they continue to see robust demand from cryptocurrency miners, they aim to diversify their customer base and exposure to the growing segments of the HPC market.
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 Q3 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 | — | — | — |
Discussion
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