Shares of Applied Digital Corp (APLD) surged over 5% in after-hours trading on Monday, following the company's better-than-expected fiscal first-quarter 2025 results and an update on its growth initiatives in the high-performance computing and artificial intelligence space.
The digital infrastructure company reported an adjusted loss of $0.15 per share for the quarter ended August 31, narrower than the analysts' estimate of a $0.29 loss. Revenue jumped 67% year-over-year to $60.7 million, surpassing expectations of $54.8 million. The strong revenue growth was driven by the launch of Applied Digital's cloud services business at the end of the previous fiscal year.
Applied Digital also announced a strategic $160 million private placement financing deal with institutional investors, NVIDIA, and Related Companies, a leading real estate firm specializing in data center development. The company said it plans to utilize the funds to fuel its expansion in the accelerated computing space.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。