EARNINGS PER SHARE (Tables)

12 Months Ended

May 31, 2023

Earnings per share for the year ended May 31, 2023 and 2022 are shown in the following table:


(in thousands, except for share and per share data)	Fiscal Year Ended
	May 31, 2023		May 31, 2022
Net loss from continuing operations	$	(45,606)	$	(22,486)
Net loss from discontinued operations, net of income taxes	—		(1,044)
Net Loss including noncontrolling interests	(45,606)		(23,530)
Net Loss attributable to noncontrolling interest	(960)		(10)
Net loss attributable to Applied Digital Corporation	$	(44,646)	$	(23,520)
Continuing operations	$	(0.49)	$	(0.39)
Discontinued operations	$	—	$	(0.02)
Basic and diluted net loss per share	$	(0.49)	$	(0.41)
Basic and diluted weighted average number of shares outstanding	93,976,233		57,121,096