The earnings report of Applied Blockchain, Inc. (NASDAQ: APLD) was released after the trading day wraps up, providing investors with an understanding of the company's performance in the first quarter.
The results have captured the market's attention, as quarterly profits together revenues surpassed wall street expectations.
According to the quarterly report, the company announced an adjusted loss of $0.15 per share, together with total revenues reaching $60.7 million for the corresponding three-month period.
The outcomes beat the market projected $0.29 loss per share based on the $54.85 million in revenues.
The day's trading saw Applied Digital (APLD) shares hit a low of $7.31 and a high of $7.88, with a day volume of 12.84 million shares. The stock closed the regular trading session at $7.40, indicating 5.73 percent downfall.
