NASDAQ$APLD
Applied Digital Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported a 56% sequential revenue growth and provided fiscal year 2024 guidance.
Applied Digital reported a strong fiscal fourth quarter with a 193% increase in revenue compared to the previous year, driven by hosting revenues from its Jamestown and Ellendale facilities. The company also launched its AI Cloud Service and secured significant AI customer agreements. Looking ahead, Applied Digital is focusing on non-crypto use cases and expects continued growth in fiscal year 2024.
- Generated sequential revenue growth of 56%.
- Fiscal fourth quarter 2023 revenue was $22 million.
- Adjusted EBITDA for the fiscal fourth quarter 2023 was $2.9 million.
- Launched AI Cloud Service to provide high-performance computing power for AI applications.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$22M
Forward guidance
For full-year fiscal 2024, Applied Digital expects total revenue in the range of $385 million – $405 million, and Adjusted EBITDA in the range of $195 million – $205 million.
Tailwinds
- Expects total revenue in the range of $385 million – $405 million for full-year fiscal 2024.
- Expects Adjusted EBITDA in the range of $195 million – $205 million for full-year fiscal 2024.
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 Q4 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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