Basic and diluted loss per share:

Three Months Ended

Six Months Ended

November 30, 2022

November 30, 2021

November 30, 2022

November 30, 2021

Net loss from continuing operations

$

(26,750)

$

(1,569)

$

(31,409)

$

(15,949)

Net loss from discontinued operations, net of income taxes

—

1,398

—

1,681

Net loss including noncontrolling interests

(26,750)

(171)

(31,409)

(14,268)

Net loss attributable to noncontrolling interest

(133)

—

(261)

—

Net loss attributable to Applied Digital Corporation

$

(26,617)

$

(171)

$

(31,148)

$

(14,268)

Basic and diluted net (loss) gain per share:

Continuing Operations

$

(0.29)

$

(0.03)

$

(0.34)

$

(0.32)

Discontinued Operations

$

—

$

0.03

$

—

$

0.03

Basic and diluted net loss per share

$

(0.29)

$

—

$

(0.34)

$

(0.29)

Basic and diluted weighted average number of shares outstanding

93,422,427

53,396,920

93,263,266

49,143,981