QumulusAI Reports Q3 Revenue Growth and Reaffirms Year-End Capacity Targets
QumulusAI (QMLS) reported significant growth in its third quarter, with revenue more than doubling sequentially to reach $14.8 million. The company achieved a major financial milestone by reporting positive adjusted EBITDA for the first time and announcing that signed customer contracts have surpassed $0.5 billion. Looking ahead, management reaffirmed its year-end targets, including reaching 18 megawatts of contracted capacity and guiding toward an Annual Recurring Revenue (ARR) of $300 million by the end of the year.
Tickers: $QMLS
Topics: customer contracts EBITDA profitability revenue growth
Read the full article at Seeking Alpha
Part of the story Flint Reports Q3 Revenue Growth of 79.6% to C$267.22M (7 articles)