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Applied Digital Corporation (APLD) Q3 2024 Earnings Call Transcript

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Applied Digital Corporation (NASDAQ:APLD) Q3 2024 Results Conference Call April 11, 2024 5:00 PM ET

Company Participants

Alex Kovtun – IR, Gateway Group, Inc
Wes Cummins – Chief Executive Officer
David Rench – Chief Financial Officer

Conference Call Participants

Lucas Pipes – B. Riley
George Sutton – Craig-Hallum
Rob Brown – Lake Street
Mike Grondahl – Northland Securities
Darren Aftahi – ROTH
John Todaro – Needham & Company
Kevin Dede – H.C. Wainwright

Operator

Good afternoon, and welcome to Applied Digital’s Fiscal Third Quarter 2024 Conference Call. My name is Doug, and I will be your operator today. Before this call, Applied Digital issued its financial result for the fiscal third quarter ended February 29, 2024, in a press release, a copy of which will be furnished in a report on a Form 8-K filed with the SEC and will be available in the Investor Relations section of the company’s website.

Joining us on today’s call are Applied Digital’s Chairman and CEO, Wes Cummins; and CFO, David Rench. Following their remarks, we will open the call for questions. Before we begin, Alex Kovtun from Gateway Group will make a brief introductory statement. Mr. Kovtun, please proceed.

Alex Kovtun

Great. Thank you, operator. Good morning, everyone and welcome to Applied Digital’s fiscal third quarter 2024 conference call.

Before management begins formal remarks, we would like to remind everyone that some statements we’re making today may be considered forward-looking statements under securities laws and involve a number of risks and uncertainties. As a result, we caution you that, there are number of factors, many of which are beyond our control, which could cause actual results and events to differ materially from those described in the forward-looking statements.

For more detailed risks, uncertainties, and assumptions relating to our forward-looking statements, please see the disclosures in our

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