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00:03CoreWeave reported a first quarter adjusted loss of $1.12 per share on $2.08 billion in revenue.
00:10Compared with analyst estimates for a loss of $0.90 per share and revenue of $1.97 billion,
00:16according to Benzinga Pro, revenue increased approximately 91% year over year.
00:21The company ended the quarter with a revenue backlog of nearly $99.4 billion
00:25and said it recorded its strongest bookings quarter in company history.
00:30CoreWeave also expanded its relationship with NVIDIA
00:33to accelerate the build-out of more than 5 gigawatts of AI factories by 2030.
00:38The company reported $2.22 billion in operating expenses
00:42and ended the quarter with approximately $2.24 billion in cash and cash equivalents.
00:47Shares were down by 13.59% at $119.23 in Friday's pre-market trading,
00:54according to data from Benzinga Pro.
00:56For all things money, visit Benzinga.com.
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