Iris Energy press release (NASDAQ:IREN): Q1 Revenue of $49.6M (-8.7% Y/Y) misses by $5.15M.
28% increase in AI Cloud Services revenue of $3.2 million, as compared to $2.5 million in Q4 FY24, driven by revenue for additional GPU’s commissioned in April 2024
Adjusted EBITDA of $2.6 million, as compared to $12.2 million in Q4 FY24.
Net loss after income tax of $51.7 million, as compared to a loss of $27.1 million in Q4 FY24
Q1 FY25 Operating cash outflow of $3.8 million, as compared to cash inflow of $4.8 million in Q4 FY24
Cash and cash equivalents of $98.6 million as of September 30, 2024 and no debt facilities, increasing to $182.4 million as of October 31, 2024.
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