Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 61M | 137.5% |
| Gross Profit | -360,000 | 98.3% |
| Cost of Revenue | 61M | 31.9% |
| Operating expense | 46M | 24.1% |
| Net Income | -4.2M | 93.4% |
| EBITDA | 30M | 272.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 938M | 22.9% |
| Total Liabilities | 641M | 0.4% |
| Total Equity | 242M | 93.7% |
| Shares Outstanding | 157M | 13.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -76M | 122.5% |
| Cash from investing | -33M | 34.7% |
| Cash from financing | 163M | 118.6% |
EPS
Financial Highlights for Applied Digital in Q3 '24
Applied Digital reported a revenue of 61M, which is a 137.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -360,000, marking a 98.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 61M, a 31.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 46M, showing a -24.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -4.2M, showing a 93.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 30M, showing a 272.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Applied Digital with growth in revenue, gross profit, and net income.
