CoreWeave CEO Says Co. Has Hit 'Inflection Point' of Growing Operating Leverage
Dow Jones
Aug 12
1628 ET - CoreWeave CEO Michael Intrator says the company has "reached an important inflection point this quarter as our scale began to translate into expanding operating leverage," as the AI cloud services provider reports revenue more than doubling to $2.58 billion in the second quarter. The company widened its loss to $626 million from $290 million a year earlier, but reported adjusted earnings before interest, taxes, depreciation, and amortization of $1.51 billion with an adjusted Ebitda margin of 59%. Shares tick up 0.8% after-hours on Tuesday.
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