Applied Digital Corporation Q2 Loss Increases

(RTTNews) - Applied Digital Corporation (APLD) reported Loss for its second quarter that increased from last year

The company's earnings totaled -$139.36 million, or -$0.66 per share. This compares with -$10.53 million, or -$0.10 per share, in last year's second quarter.

Excluding items, Applied Digital Corporation reported adjusted earnings of -$12.57 million or -$0.06 per share for the period.

The company's revenue for the quarter rose 51.4% to $63.87 million from $42.20 million last year.

Applied Digital Corporation earnings at a glance (GAAP) :

-Earnings (Q2): -$139.36 Mln. vs. -$10.53 Mln. last year. -EPS (Q2): -$0.66 vs. -$0.10 last year. -Revenue (Q2): $63.87 Mln vs. $42.20 Mln last year.