Applied Digital Corporation Reports $6.5 Million Net Loss for the Fiscal Year Ended May 31, 2023

Applied Digital Corporation(APLD) and its subsidiaries have releas ed their consolidated financial results for the fiscal year ended May 31, 2023. The report shows both revenue and net income/loss figures, indicating the company's financial performance during the given period.

Net Loss of $6.5 Million for Fiscal Year 2023

Applied Digital Corporation faced a challenging fiscal year, ending May 31, 2023, with a net loss of $6.5 million. This figure is a significant downturn compared to the previous year's net loss of $2.8 million. The company's financial performance was affected by several factors, including increased costs and expenses.

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