Applied Digital (APLD) Revenue — Quarter Ended Nov 30, 2023
Revenue continued its upward trajectory, driven by a strong quarter-over-quarter increase. The company reported another period of substantial year-over-year growth.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q2
Revenue continued its upward trajectory, driven by a strong quarter-over-quarter increase. The company reported another period of substantial year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$42.2M
Revenue reported for this quarter.
Quarter-over-quarter
+16.2%
Change from the immediately preceding quarter.
Year-over-year
+242.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$114.7M
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 |
|---|---|---|
| Feb 28, 2023 | $14.1M | +1273.3% |
| May 31, 2023 | $22M | +192.9% |
| Aug 31, 2023 | $36.3M | +424.6% |
| Nov 30, 2023 | $42.2M | +242.0% |
Revenue performance
The reported revenue rose from the previous quarter, extending the positive trend seen in recent periods.
Quarterly comparison
Compared to the same quarter last year, revenue showed a significant improvement. On a sequential basis, revenue also grew.
What to watch
Monitor the company's ability to sustain its recent growth trajectory.