Applied Digital 10/9/2024 Earnings Report

Applied Digital EPS Results

• Actual EPS: -$0.03
• Consensus EPS: -$0.28
• Beat/Miss: Beat by +$0.25
• One Year Ago EPS: N/A

Applied Digital Revenue Results

• Actual Revenue: $60.70 million
• Expected Revenue: $54.03 million
• Beat/Miss: Beat by +$6.67 million
• YoY Revenue Growth: N/A

Applied Digital Announcement Details

• Date: 10/9/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Applied Digital (OTCMKTS:APLD) (OTCMKTS:APLD) is a digital infrastructure company specializing in sustainable, scalable data center solutions and renewable energy–enabled computing applications. The company develops and operates next-generation data centers under the Project Bamboo brand, designed to deliver high-density power and efficient cooling for clients in hyperscale, enterprise, and edge computing markets. In addition to traditional colocation services, Applied Digital offers modular deployment units that streamline site build-outs and reduce time to market.

In parallel with its data center business, Applied Digital operates a distributed network of battery energy storage systems, microgrid installations and electric vehicle charging stations. These assets support grid resiliency and provide peak power management capabilities to utility partners and commercial customers. By integrating on-site renewables, energy storage and advanced controls, the company aims to reduce overall carbon intensity and lower operating costs for clients.

Applied Digital also leverages its proprietary Internet of Things (IoT) platform to monitor and optimize the performance of its facilities and distributed energy resources. Real-time telemetry and predictive analytics enable the company to deliver enhanced uptime, reliability and energy efficiency. This end-to-end digital operations framework underpins both the core data center business and ancillary energy services.

Founded in 2011 and headquartered in the Dallas–Fort Worth area, Applied Digital serves customers across North America with emerging strategic initiatives targeted at fast-growing markets in Europe and Asia. The company is led by Chief Executive Officer Todd L. Sample, whose background in technology operations and infrastructure development has guided Applied Digital’s transition into sustainable, digitally enabled facilities. The leadership team continues to prioritize innovation in green computing and energy management as the company scales its footprint.