Applied Digital APLD Q4 2024 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, January 22, 2026 astatine 11:22 AM CST 34 min read

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Wednesday, October 9, 2024 astatine 5 p.m. ET

• Chairman and Chief Executive Officer — Wes Cummins

• Chief Financial Officer — David Rench

Operator: Good afternoon, and invited to Applied Digital's Fiscal Fourth Quarter 2024 Conference Call. My sanction is Shamali, and I volition beryllium your relation today. Before this telephone Applied Digital issued its fiscal results for the fiscal 4th fourth ended May 31, 2024 successful our property release, a transcript of which volition beryllium furnished successful a study connected a Form 8-K, filed with the SEC and volition beryllium disposable successful the Investor Relations conception of the company's website. Joining america connected today's telephone are Applied Digital's Chairman and CEO, Wes Cummins and CFO, David Rench. Following their remarks, we volition unfastened the telephone for questions. Before we begin, Matt Glover from Gateway Group volition marque a little introductory statement. Mr.

Glover, delight proceed.

Matt Glover: Great. Thank you, Shamali. Good afternoon, everyone, and invited to Applied Digital's Fourth Quarter 2024 Conference Call. Before absorption begins their ceremonial remarks, we would similar to punctual everyone that immoderate statements we are making contiguous whitethorn beryllium considered forward-looking nether securities laws and impact a fig of risks and uncertainties. As a result, we caution you that determination are a fig of factors, galore of which are beyond our control, which could origin existent results to disagree materially from those described successful the forward-looking statements. For much elaborate risks, uncertainties, assumptions relating to our forward-looking filings made with the Securities and Exchange Commission.

We disclaim immoderate work oregon immoderate undertaking to update forward-looking statements to bespeak circumstances oregon events that hap aft the day but arsenic required by law. We volition besides sermon non-GAAP fiscal metrics and promote you to work our disclosures successful the reconciliation tables, the applicable GAAP measures successful our net release, which tin beryllium recovered connected the Investor Relations conception of our website cautiously arsenic you see these metrics.

We notation you to our filings with the SEC for elaborate disclosures and descriptions for our business, arsenic good arsenic uncertainties and different adaptable circumstances, including, but not constricted to risks and uncertainties identified nether the caption Risk Factors successful our Annual Report connected Form 10-K, our quarterly study connected Form 10-Q. You whitethorn get Applied Digital Securities and Exchange Commission filings for escaped by visiting the SEC website astatine www.sec.gov. I would similar to punctual everyone that this telephone is being recorded and volition beryllium made disposable for replay via a nexus disposable successful the Investor Relations conception of Applied Digital's website. Now I'd similar to crook the telephone implicit to Applied Digital's Chairman and CEO, Wes Cummins. Wes?