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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Revenues:        
Hosting revenue $ 14,090 $ 1,026 $ 33,354 $ 1,026
Cost of revenues 10,533 2,073 28,438 2,073
Gross profit 3,557 (1,047) 4,916 (1,047)
Costs and expenses:        
Selling, general and administrative 10,514 1,370 42,727 15,585
Total costs and expenses 10,514 1,370 42,727 15,585
Operating loss (6,957) (2,417) (37,811) (16,632)
Other income (expense):        
Interest Expense (384) 0 (1,125) 0
Gain on extinguishment of accounts payable 0 80 0 405
Loss on extinguishment of debt 0 0 (94) (1,342)
Total other expense, net (384) 80 (1,219) (937)
Net loss from continuing operations before income tax expenses (7,341) (2,337) (39,030) (17,569)
Income tax benefit (expense) 0 (60) 280 (274)
Net loss from continuing operations (7,341) (2,397) (38,750) (17,843)
Net gain from discontinued operations, net of income taxes 0 (4,048) 0 (2,870)
Net loss including noncontrolling interests (7,341) (6,445) (38,750) (20,713)
Net loss attributable to noncontrolling interest (316) 0 (577) 0
Net loss attributable to Applied Digital Corporation $ (7,025) $ (6,445) $ (38,173) $ (20,713)
Basic and diluted net (loss) gain per share:        
Continuing Operations - basic ( in dollars per share) $ (0.08) $ (0.04) $ (0.41) $ (0.35)
Continuing Operations - diluted ( in dollars per share) (0.08) (0.04) (0.41) (0.35)
Discontinued Operations - basic ( in dollars per share) 0 (0.08) 0 (0.06)
Discontinued Operations - diluted ( in dollars per share) 0 (0.08) 0 (0.06)
Basic net loss per share (in dollars per share) (0.08) (0.12) (0.41) (0.41)
Diluted net loss per share (in dollars per share) $ (0.08) $ (0.12) $ (0.41) $ (0.41)
Basic weighted average number of shares outstanding (in shares) 94,119,944 53,396,920 93,545,687 50,546,048
Diluted weighted average number of shares outstanding (in shares) 94,119,944 53,396,920 93,545,687 50,546,048