Applied Digital Narrows 3Q Loss as Sales Rise

Dow Jones

Apr 15, 2025

By Connor Hart

Applied Digital narrowed its loss in its fiscal third quarter as sales rose, though the top line missed Wall Street's expectations.

The Dallas-based digital infrastructure company had a loss of $35.6 million, or 16 cents a share, for its three months ended Feb. 28, compared with a loss of $62.8 million, or 52 cents a share, in last year's comparable quarter.

On an adjusted basis, Applied Digital reported a loss of 8 cents a share. Analysts surveyed by FactSet expected a per-share loss of 10 cents.

Revenue increased 22% to $52.9 million but came in below the $64.8 million that analysts modeled.

Applied attributed its higher revenue to the continued expansion of its cloud services unit, which notched more than tripled sales to $17.8 million. The company's board approved a plan to sell the arm earlier this month.

Its data center hosting business recorded sales of $35.2 million, representing a 7% decrease from last year.

The company said construction of its 100 megawatt high-performance computing data center in Ellendale, North Dakota, remains on schedule, adding that the building will be ready for service in the second half of the year.

Shares fell 7.3%, to $4.98, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 14, 2025 16:26 ET (20:26 GMT)

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The company's board approved a plan to sell the arm earlier this month. \n</p>\n<p>\n  Its data center hosting business recorded sales of $35.2 million, representing a 7% decrease from last year. \n</p>\n<p>\n  The company said construction of its 100 megawatt high-performance computing data center in Ellendale, North Dakota, remains on schedule, adding that the building will be ready for service in the second half of the year. \n</p>\n<p>\n  Shares fell 7.3%, to $4.98, in after-hours trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2025 16:26 ET (20:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Applied Digital Narrows 3Q Loss as Sales Rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApplied Digital Narrows 3Q Loss as Sales Rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-15 04:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Applied Digital narrowed its loss in its fiscal third quarter as sales rose, though the top line missed Wall Street's expectations. \n</p>\n<p>\n  The Dallas-based digital infrastructure company had a loss of $35.6 million, or 16 cents a share, for its three months ended Feb. 28, compared with a loss of $62.8 million, or 52 cents a share, in last year's comparable quarter. \n</p>\n<p>\n  On an adjusted basis, Applied Digital reported a loss of 8 cents a share. 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Analysts surveyed by FactSet expected a per-share loss of 10 cents. \n\n\n  Revenue increased 22% to $52.9 million but came in below the $64.8 million that analysts modeled. \n\n\n  Applied attributed its higher revenue to the continued expansion of its cloud services unit, which notched more than tripled sales to $17.8 million. The company's board approved a plan to sell the arm earlier this month. \n\n\n  Its data center hosting business recorded sales of $35.2 million, representing a 7% decrease from last year. \n\n\n  The company said construction of its 100 megawatt high-performance computing data center in Ellendale, North Dakota, remains on schedule, adding that the building will be ready for service in the second half of the year. \n\n\n  Shares fell 7.3%, to $4.98, in after-hours trading. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 14, 2025 16:26 ET (20:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}