04:58 PM EST, 11/26/2024 (MT Newswires) -- Iris Energy ( IREN ) reported a fiscal Q1 loss late Tuesday of $0.27 per diluted share, wider than a loss of $0.08 a year earlier.

Analysts polled by FactSet expected a loss of $0.08.

Revenue for the quarter ended Sept. 30 was $54.4 million, up from $34.4 million a year earlier.

Analysts surveyed by FactSet expected $55.6 million.

Shares of the company were up 2.7% in after-hours activity.

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