The earnings call highlighted Northern Data's significant growth in cloud revenue and profitability, supported by successful GPU deployments and strong financial positioning. However, challenges in GPU deployment delays and customer diversification were noted. Despite these challenges, the company's strategic initiatives and financial strength indicate a positive outlook.

Company Guidance

During the Q4 2024 earnings call for Northern Data (NB2.DE), the executives provided comprehensive guidance on the company's financial and strategic performance. They reported a significant revenue increase of 159% year-on-year, reaching EUR 200.5 million, and a remarkable adjusted EBITDA growth from negative EUR 5.5 million in 2023 to a range of EUR 60 million to EUR 80 million in 2024. The cloud revenue was highlighted as a key driver, contributing EUR 121 million for the year, marking a 722% increase from 2023. The company's Bitcoin mining capacity also rose to 7.9 exahash, leading to an 88% year-on-year growth in mining revenue for Q4. Looking forward, Northern Data aims to expand its AI cloud infrastructure, plans to fully deploy its GPUs by the end of Q1 2025, and anticipates positive operating cash flow for the coming year, supported by a robust cash position of EUR 120 million. The executives emphasized their strategic focus on leveraging partnerships, enhancing data center capabilities, and maintaining a strong governance framework to sustain growth and solidify their leadership in the AI market.

Record Cloud Revenue Growth

Achieved a record cloud revenue of EUR 121 million, up 722% from 2023, driven by the deployment of Europe's largest pool of GPUs.

Significant Revenue and Profitability Increase

Revenue growth of 159% year-on-year to EUR 200.5 million, with adjusted EBITDA increasing from negative EUR 5.5 million in 2023 to EUR 60 million to EUR 80 million in 2024.

Successful GPU Deployment

Acquired over 22,000 NVIDIA H100 and H200 GPUs, contributing to sequential revenue growth each quarter of 2024.

Strong Financial Position

Well-funded with EUR 120 million in cash and cash equivalents at year-end, supporting further investments and growth.

Operational Improvements in Mining

Increased Bitcoin mining capacity to 7.9 exahash, resulting in 88% year-on-year revenue growth in Peak Mining in Q4.

Expansion in the United States

Expansion plans include new facilities in Georgia and Pittsburgh, Pennsylvania, to support growing HPC demand.

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Northern Data AG (DE:NB2) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:NB2 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 29, 2022	2021 (Q4)	- / -	―	―	―	―
Aug 06, 2024	2024 (Q2)	-0.76 / -1.08	―	―
Oct 17, 2024	2024 (Q3)	-0.72 / -0.53	―	―
Jan 21, 2025	2024 (Q4)	-0.34 / -0.19	-1.78	89.33% (+1.59)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:NB2 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 21, 2025	€48.65	€47.55	-2.26%
Oct 17, 2024	€26.25	€28.40	+8.19%
Aug 06, 2024	€19.48	€18.78	-3.59%
Aug 29, 2022	€22.50	€21.78	-3.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Northern Data AG (DE:NB2) report earnings?

Northern Data AG (DE:NB2) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.

What is Northern Data AG (DE:NB2) earnings time?

Northern Data AG (DE:NB2) earnings time is at Jan 21, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Northern Data AG stock?

The P/E ratio of Northern Data AG is N/A.

What is DE:NB2 EPS forecast?

DE:NB2 EPS forecast for the fiscal quarter 2024 (Q4) is -0.34.

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