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00:02CoreWeave Inc. reported a fourth quarter adjusted loss of 56 cents per share on revenue of $1.57
00:08billion, compared with analyst estimates for a loss of 50 cents per share and revenue of $1.55
00:15billion. According to Benzinga Pro, revenue more than doubled year over year. The company ended
00:21the quarter with a revenue backlog of $66.8 billion. Michael and Trader said demand is
00:27increasing as more customers adopt CoreWeave Cloud for a growing range of workloads, and
00:32the company is prepared to capture the opportunity ahead. Operating expenses totaled $1.66 billion
00:38and ended the quarter with approximately $3.13 billion in cash and cash equivalents.
00:45Shares were down by 0.39% at $97.63, according to data from Benzinga Pro.
00:53For all things money, visit Benzinga.com.
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