Applied Digital (APLD) Revenue — Quarter Ended Feb 28, 2023
Revenue increased significantly compared to both the prior quarter and the same quarter last year. The growth reflects continued expansion in the company's operations.
Key takeaway
Quarter ended Feb 28, 2023 · FY2023 Q3
Revenue increased significantly compared to both the prior quarter and the same quarter last year. The growth reflects continued expansion in the company's operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.1M
Revenue reported for this quarter.
Quarter-over-quarter
+14.2%
Change from the immediately preceding quarter.
Year-over-year
+1273.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$40.9M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $7.5M | n/a |
| Aug 31, 2022 | $6.9M | n/a |
| Nov 30, 2022 | $12.3M | n/a |
| Feb 28, 2023 | $14.1M | +1273.3% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, indicating sequential improvement. Compared to the same quarter one year earlier, revenue was substantially higher.
Quarterly comparison
Revenue was higher than the prior quarter and dramatically above the same quarter a year ago. The year-over-year comparison shows a very large increase.
What to watch
Monitor whether the revenue growth rate can be sustained in future quarters.