SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Cerebras Systems Inc. (CBRS) on Wednesday reported a loss of $450.5 million in its second quarter.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of $2.98. Losses, adjusted for non-recurring costs, were 4 cents per share.
The artificial intelligence hardware and infrastructure company posted revenue of $180.1 million in the period. Its adjusted revenue was $209.9 million.
For the current quarter ending in September, Cerebras said it expects revenue in the range of $214 million to $216 million.
The company expects full-year revenue in the range of $880 million to $890 million.
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