Applied Digital (APLD) Revenue — Quarter Ended Aug 31, 2023
Revenue increased sharply for the quarter ended August 31, 2023. The growth was substantial compared with both the prior quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Aug 31, 2023 · FY2024 Q1
Revenue increased sharply for the quarter ended August 31, 2023. The growth was substantial compared with both the prior quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$36.3M
Revenue reported for this quarter.
Quarter-over-quarter
+64.8%
Change from the immediately preceding quarter.
Year-over-year
+424.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$84.8M
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 |
|---|---|---|
| Nov 30, 2022 | $12.3M | n/a |
| Feb 28, 2023 | $14.1M | +1273.3% |
| May 31, 2023 | $22M | +192.9% |
| Aug 31, 2023 | $36.3M | +424.6% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. The year-over-year comparison also showed a strong increase.
Quarterly comparison
Compared with the prior quarter, revenue was higher. Compared with the same quarter one year earlier, revenue was also higher.
What to watch
The filing context does not provide specific explanations for the revenue change.