Applied Digital Corporation (NASDAQ:APLD) will release earnings results for its first quarter, after the closing bell on Wednesday, Oct. 9.
Analysts expect the Dallas, Texas-based company to report a quarterly loss at 29 cents per share, versus a year-ago loss of 12 cents per share. Applied Digital projects to report revenue of $54.85 million for the quarter, according to data from Benzinga Pro.
On Sept. 5, Applied Digital entered agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors including NVIDIA (NASDAQ:
