04:25 AM EDT, 10/10/2025 (MT Newswires) -- (Updates with the stock price movement in the headline and the first paragraph.)

Applied Digital's ( APLD ) shares were up more than 23% in premarket activity Friday after the company reported overnight an adjusted loss and sales that beat market expectations.

The company reported a fiscal Q1 adjusted net loss late Thursday of $0.03 per diluted share, widening from the loss of $0.01 a year earlier.

Four analysts polled by FactSet expected a loss of $0.16.

Revenue in the three months ended Aug. 31 rose to $64.2 million from $34.8 million a year earlier.

Analysts surveyed by FactSet expected $50 million.