Applied Digital (APLD) Revenue — Quarter Ended Feb 29, 2024
Revenue increased for the quarter. The growth was modest compared to the immediately preceding quarter but substantial relative to the same quarter a year earlier.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q3
Revenue increased for the quarter. The growth was modest compared to the immediately preceding quarter but substantial relative to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$43.3M
Revenue reported for this quarter.
Quarter-over-quarter
+2.7%
Change from the immediately preceding quarter.
Year-over-year
+207.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$143.9M
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, 2023 | $22M | +192.9% |
| Aug 31, 2023 | $36.3M | +424.6% |
| Nov 30, 2023 | $42.2M | +242.0% |
| Feb 29, 2024 | $43.3M | +207.7% |
Revenue performance
The company reported higher revenue for the quarter, continuing its upward trend.
Quarterly comparison
Sequentially, revenue rose slightly from the prior quarter. On a year-over-year basis, revenue was significantly higher.
What to watch
The sequential revenue growth rate is an area to monitor for any changes in momentum.