With the business potentially at an important milestone, we thought we'd take a closer look at Applied Blockchain, Inc.'s (NASDAQ:APLD) future prospects. Applied Blockchain, Inc. engages in crypto mining and co-hosting operations. With the latest financial year loss of US$568k and a trailing-twelve-month loss of US$18m, the US$101m market-cap company amplified its loss by moving further away from its breakeven target. Many investors are wondering about the rate at which Applied Blockchain will turn a profit, with the big question being “when will the company breakeven?” We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
Consensus from 6 of the American Software analysts is that Applied Blockchain is on the verge of breakeven. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$96m in 2024. Therefore, the company is expected to breakeven roughly 2 years...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...