Applied Digital Sees Q4 Revenue ~$22M; Net Loss ~$6.8M; Adj EBITDA $2.7M-$3.2M
Portfolio Pulse from Benzinga Newsdesk
Applied Digital (APLD) expects Q4 revenue of approximately $22 million, a net loss of around $6.8 million, and adjusted EBITDA between $2.7 million and $3.2 million.
June 26, 2023 | 8:18 pm
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Applied Digital's Q4 revenue is expected to be around $22 million, with a net loss of approximately $6.8 million and adjusted EBITDA between $2.7 million and $3.2 million.
The news provides financial estimates for Applied Digital's Q4 performance. While the revenue projection is positive, the expected net loss may offset any potential gains. The adjusted EBITDA figures indicate some profitability, but the overall impact on the stock price is likely to be neutral in the short term.
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