WhiteFiber (NASDAQ:WYFI – Get Free Report) announced its earnings results on Tuesday. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of ($0.36) by ($2.08), FiscalAI reports. WhiteFiber had a negative return on equity of 12.59% and a negative net margin of 132.17%. The business had revenue of $24.02 million for the quarter. During the same quarter in the previous year, the company earned ($0.47) earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis.
Here are the key takeaways from WhiteFiber’s conference call:
- White Fiber says all 40 MW at NC-1 are operational and billing as of November 9, under a 10-year contract worth about $865 million. Development costs are expected to come in just below $9 million per gross MW, within the company’s original budget range.
- The company signed approximately $750 million in new cloud-services contracts across five customers, covering about 13,000 GPUs. It expects its fully deployed signed portfolio to reach roughly $365 million in annualized revenue by mid-2027, subject to equipment, facility, customer-acceptance, and financing timelines.
- Managed services is emerging as a capital-light growth channel: four signed agreements total about $58 million, with customers funding the hardware and data-center capacity. White Fiber is targeting more than $50 million in annualized recurring revenue by the end of Q1 2027, contingent on additional signings and deployments.
- Customer interest in the next North Carolina sites has strengthened, with advanced discussions for about 105 MW across NC-1, NC-2, and NC-3 and initial capacity targeted for late 2027. The company is prioritizing investment-grade credit and financeable returns, so delivery depends on customer commitments, power, financing, and approvals.
- Q3 revenue rose 19% year over year to $24 million, but cloud revenue excluding a $3.4 million termination fee fell about 18%, and adjusted EBITDA was roughly break-even versus $2.3 million positive a year earlier. Net loss was $101.4 million, including an $80.8 million induced conversion expense.
WhiteFiber Price Performance
Shares of NASDAQ:WYFI opened at $9.72 on Thursday. The firm has a 50 day moving average of $14.91 and a 200-day moving average of $20.75. The stock has a market capitalization of $440.21 million, a PE ratio of -2.58 and a beta of 6.77. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. WhiteFiber has a 12 month low of $7.43 and a 12 month high of $46.87.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. HC Wainwright boosted their price target on WhiteFiber from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC lowered their price objective on WhiteFiber from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday. BTIG Research dropped their price objective on WhiteFiber from $50.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of WhiteFiber in a research report on Tuesday. Finally, Barclays upped their target price on WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, WhiteFiber has a consensus rating of “Moderate Buy” and an average price target of $35.22.
Check Out Our Latest Stock Analysis on WhiteFiber
Institutional Trading of WhiteFiber
Large investors have recently made changes to their positions in the company. Polaris Financial Partners bought a new position in WhiteFiber in the third quarter valued at approximately $27,000. Integrated Wealth Concepts LLC bought a new stake in WhiteFiber during the second quarter worth $36,000. Bogart Wealth LLC boosted its holdings in shares of WhiteFiber by 160.0% in the 3rd quarter. Bogart Wealth LLC now owns 2,600 shares of the company’s stock valued at $47,000 after purchasing an additional 1,600 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of WhiteFiber in the 3rd quarter valued at $55,000. Finally, Cetera Investment Advisers acquired a new stake in shares of WhiteFiber in the 1st quarter valued at $203,000.
About WhiteFiber
WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.
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