Applied Digital (APLD) Revenue — Quarter Ended May 31, 2024
Revenue declined for the quarter. The decrease was seen relative to both the preceding quarter and the year-ago period.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q4
Revenue declined for the quarter. The decrease was seen relative to both the preceding quarter and the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.7M
Revenue reported for this quarter.
Quarter-over-quarter
-66.0%
Change from the immediately preceding quarter.
Year-over-year
-33.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$136.6M
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 |
|---|---|---|
| Aug 31, 2023 | $36.3M | +424.6% |
| Nov 30, 2023 | $42.2M | +242.0% |
| Feb 29, 2024 | $43.3M | +207.7% |
| May 31, 2024 | $14.7M | -33.1% |
Revenue performance
The quarterly revenue slumped, reversing the growth trend that had been sustained over the previous three quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was significantly lower. On a year-over-year basis, revenue also contracted.
What to watch
The company's negative working capital and continued reliance on external financing remain key areas of focus.