Q1 2025 Applied Digital Corp Earnings Call

Julian: Good afternoon and welcome to the applied digital's fiscal 1st quarter 2025 conference call. My name is Julian and I'll be your operator for today. Before this call, applied digital issue, its financial result for the fiscal 1st quarter ending.

Julian: August 31st, 2024, and a press release. A copy of which will be furnished in a report on a form 8K filed with the SEC and will be available in the Investor Relations section of the company's website. Joining us today on today's call are five digital chairman, the CEO of West Cummins and CFO David Rench. Following their remarks, we will open the call for questions.

Speaker Change: Before we begin, my brother from Gateway Group will make a brief introduction to your statement.

Mr. Glover: and that Mr. Glover, please proceed.

Mr. Glover: 25, Robert's Call.

Mr. Glover: 4 management begins 4 more remarks. We'd like to remind everyone that some statements we're making today. Maybe consider 4 looking statements under security laws and involve a number of risks and uncertainties.

Speaker Change: As a result of the caution you, if there are a number of factors, many of which are beyond our control, which could cause actual results and events to differ materially from those described in the four-legged community. For more detailed risks on certain needs and assumptions relating to our forward-looking statements, please see that it's closers and earnings release in public filings made with the security and exchange commission.

Speaker Change: We just can't disclose many obligation and undertaking to update for-looking statements, to reflect circumstances or events that occur after the date the poor-looking statements are made except as required by law.

Speaker Change: We also discussed known gap financial metrics and encourage you to read our disclosure, reconciliation tables, and the applicable gap measures in our earnings release, carefully as you consider these metrics.

Speaker Change: We refer you to our filing to the ITC for detailed closures and descriptions of our business as well as uncertainties and other variable circumstances, including without limited to risk sense, uncertainties identified under the captioned risk factors in our annual report on Form 10K and a quarterly report on Form 10K.

Speaker Change: You may get applied digital securities and exchange commission filings for free by visiting the FCC website at www.sc.gov

Speaker Change: Last year, like for Mind Everyone, that it's called being recorded and will be made available for replay. The link in the Investor Relations section of the Flag Digital's website.

Speaker Change: Thanks Matt and good afternoon everyone. Thank you for joining us for our fiscal 1st quarter, 2025 conference call.

Speaker Change: I want to start by expressing gratitude to our employees for their ongoing hard work and service and supporting our mission of providing purpose-built infrastructure to the rapidly growing high-performance computing industry. Before turning the call over to our CFO, David Rench for a detailed review of our financial results, I'd like to share some recent developments across our business.

Speaker Change: After the close of the quarter, our balance sheet significantly improved due to the strategic investments from the group of institutional and accredited investors in video and related companies.

Speaker Change: We sincerely appreciate the vote of confidence from our investors and look forward to deploying this capital and overturned projects in the digital infrastructure sector.

Speaker Change: Next, I'll give an update on our progress of our L&DL HPC campus.

Speaker Change: Building continues on schedule. We are finalizing the lease with a U.S.-based type of scalar. Additionally, we're progressing with our site-level death financing, which is expected to close shortly after the lease is executed.

Speaker Change: We see this initial 100 megawatt building is just beginning for a plate digital, as we have currently designed two additional buildings at this location and will expand our capacity to 400 megawatts.

Speaker Change: So I'm geniusly, we're exploring opportunities to accelerate the monetization of our over 1.4 gigawatt pipeline.

Speaker Change: Now, we have provided an update on each of our business units starting with our data center hosting business. We currently have 286 megawatts of data center hosting capacity for our crypto currency clients across two fully contracted locations in North Dakota, which are operating in full capacity.

Speaker Change: Next let's discuss our cloud services business which provides high performance computing power for AI applications. This segment continues to experience growth as we fulfill our existing contracts and explore new opportunities at our pipeline. As of the end of the first quarter we had six clusters online.

Speaker Change: We have made significant progress on amending the lease financing for our GPUs which we expect to complete in the current quarter.

Speaker Change: The amendment is contemplated, will allow us to amortize the value of the GPUs over the expected useful life versus the life of the least, which will significantly improve our reported results and more accurately reflect the economics of this business.

Speaker Change: Our recent investment round has significantly increased visibility in the market for our cloud business and we expect to deploy additional clusters starting in the second half of our fiscal year 2025 which begins December 1st.

Speaker Change: In summary, we're encouraged by the positive trends across our business who remain confident in our growth trajectory. With that, I'll now turn to call over to our CFO David Rench to walk you through our financials and provide an update on guidance. David?

David Rench: Thanks, Wes. Let me begin by highlighting a revenue growth, which increased by 67% to 60.7 million this quarter.

David Rench: This growth was primarily driven by contributions from cloud services contracts.

David Rench: Specifically, our data center hosting segment generate 34.8 million revenue, while our cloud services segment contributed 25.9 million. While we did see an increasing cost, this was largely due to higher depreciation and memorization expenses. For the quarter, depreciation and memorization total 34.4 million, up from 8 million in the same period last year.

David Rench: It's also important to note that we're currently incurring significant expenses related to data services for our cloud business, as we have not yet deployed GPU clusters in those locations. As a result, the company incurred 4.1 million in expenses is quarter for facilities that are not yet generating revenue. Our plan is to utilize these data centers in the future, which will help offset these costs.

David Rench: are adjusted to EBITDAF for the quarter increase significantly to 20 million. All right, adjusted net loss for the quarter was 21.6 million or 15 per basic and diluted chair based on a weighted average share count of 149 million shares.

David Rench: Turning to the balance sheet, we ended the fiscal first quarter with 86.6 million in cash, cash equivalents and restricted cash alongside 143.6 million in debt.

David Rench: Last week, shareholders equity was 241.8 million, which has nearly doubled over the past three months, driven by a recent cash infusion from large investors.

Speaker Change: Now I'll turn the call over to Wesley for closing remarks.

Wesley: Thank you, David. As many of you know, we were among the first in the industry to recognize substantial power demands necessary support. The compute requirements for running advanced AI workloads at scale in large-scale high-density data centers.

Wesley: In response, we began construction late last year on a state of the R369,000 square foot facilities, specifically designed for HPC applications.

Wesley: We believe our proprietary data center design and architecture redefines what's possible for advanced HPC by supporting advanced cooling, extreme power density, security, interconnectivity, compliance and control requirements and a purpose field facility.

Wesley: This significant early investment in the industry positioned us to now be an advanced contract and site-level financing discussions regarding a lease for our North Dakota campus with the U.S. based hyperscaler.

Wesley: In addition, we believe we are witnessing rising demand for our proprietary and purpose-built HPC data centers among top-tier industry players.

Wesley: We believe this trend together with higher lease rates and attractive site-level debt financing from our facilities, positions us to be an early thought leader in the high-growth market segment.

Wesley: Reason announcements from leading hyperscalers underscores the need for thousands of these facilities and reaffirms the strategic direction we are pursuing.

Wesley: In the past five weeks, we have seen a substantial increase in interest in demand from other top tier hyper scalers for 2025 and 2025 capacity which is an extremely short supply.

Wesley: The fact that we are building and can deliver significant capacity for 2025 and have assembled a highly experienced team as allowing us to break into this high growth market segment as a full stack developer for hyper-scalers. We believe this will allow us to monetize our other campuses and will have power available in 2022.

Wesley: For the more we believe the strategic investments from prominent investors strongly affirms that we're on the right path. We believe this growing recognition not only strengthens our mark of position but also highlights the immense potential for our strategic plan.

Wesley: Our vision is to become a platform capable of building and operating multiple HPC data centers at scale.

Wesley: We're excited about the potential catalyst ahead and will continue to allocate our capitals strategically to achieve optimal risk adjusted returns and maximize shareholder value.

Wesley: As we continue to navigate our expansion in growth, we are making some moves among our executive team that will better intend to better position us. David Rench will assume the role of Chief Administrative Officer and side-all Momand will assume the role of Chief Financial Officer with these changes to be effective Monday, October 14th.

Wesley: If there's time we welcome your questions. Operator.

Speaker Change: Thank you. We will now be conducting a question and answer session. If you would like to ask a question, please press star one or you tell Khonkipa, confirmation told me when to take your line as in the question queue, you may press star two to remove yourself from the queue.

Speaker Change: for participants using speaker equipment and maybe not certain to pick up a handset before pressing the star keys. One moment while we pull for questions.

Speaker Change: Thank you, and our first question comes from Lucas Pites, the Riley Securities. Please to see with your question.

Lucas Pites: Thank you very much, operator, lesson team congratulations on the recent investment round and progress.

Lucas Pites: Wes, my first question is about the leasing negotiation and it was my prior understanding that you had extended the exclusivity period under the L.O.I. and I wanted to test that exclusivity period expired or has it been renewed or are we still operating under that exclusivity? Thank you very much for any call.

Speaker Change: Sure, hey Lucas, how are you? So the exclusivity period has officially expired, we chose not to renew.

Speaker Change: Exclosivity, we're just pursuing the finalization of the actual lease document, then I think need a party sign a reason to extend the exclusivity just to complete the document.

Speaker Change: Thank you. Our next question comes from Darren F.T. Ralph Capital Partners, LLC.

Speaker Change: Please proceed with your caution.

Speaker Change: Hi guys, thanks to my questions and graphs to CYDLE and David on their appointments. Could you clarify something? First, in the PR, it talks about the finalization of the lease with hyperscaler for 100 megawatts. So, I just want to be clear in the lease just for 100 megawatts or do they, is that hyperscaler have options on additional capacity at the campus?

Speaker Change: Good, Darren, thanks. So what you should expect and I think we've always talked about this is the initial lease will be 100 and then the other 300 will be in a different form.

Speaker Change: But the expectation is that the lease will include reservation on the other.

Speaker Change: 300 megawatts. I think we talked in the script, we're already designing those facilities, or largely design those facilities. We've started some earth work on those, some early work to get moving. We feel like we've ran through this several times, you know, about the winters in North Dakota. So we've already started making progress on those, but the expectation is that that single planet will take the entire campus, but it will come in two leases. Thank you very much.

Speaker Change: Thank you, our next question comes from Rob Brown, Lake Street Capital Markets. Please receive us your question.

Speaker Change: Ah, graffinimts!

Speaker Change: We move into the GPU business, he talks about additional clusters and I guess you're bringing it pretty strong demand there, full capacity, what's your thoughts on additional clusters and how do you see the time we got next?

Speaker Change: So, Rob, as we talked about in the script, we expect to start deploying additional clusters. We have capacity that we're holding data center capacity at the very attractive.

Speaker Change: Prices that I would add for the deployment of those additional clusters. We see the demand in the market. The thing that's going on in the market right now is the customers want to deploy hopper, you want to wait and move to blackwell when you're really in the later part of the first half of next calendar year. So we're having those discussions and that's really what we're looking at. But we expect in the second half of our fiscal year, which as I said, as you know, starts December 1st to begin deploying additional clusters, again, we've done a lot of work to make sure that we're doing the right type of financing. So again, the P&L that I talked about with the rework of the leases that we have, that we recognize that depreciation.

Speaker Change: Foundation Appropriately that the payment schedule pushes out to three years versus two years so that it matches better the business models. We've done a lot of work over the past nine months to make sure that we have the appropriate financing to push that forward. We have a lot of interest. We've got a really good boost from the investment back in September and a lot more visibility on us. So you should expect that we start deploying additional clusters under a different financing structure in the second half.

Speaker Change: Thank you for our next question, comes from Mike Brando, Northern Wayne Securities. Thank you, ma'am, please proceed with your question.

Mike Brando: Yeah, guys.

Mike Brando: He was just talking about the demand environment and after the 400 megawatts are least up.

Mike Brando: Have you already started talking to Potential Customer Number 2 or Number 3 and, you know, any ideas on where that data center might be located?

Speaker Change: Yeah, so thanks for the question. So I alluded to a little bit in my prepared remarks. We since our last call, so in late August , last week of August , through the month of September , we saw a significant increase in activity. We're one data point, so I don't want to make a market, a market call on that, but we saw a significant amount of inbound interest from three to three.

Speaker Change: Additional hyperscalers have talked about the hyperscalers we typically target in the past but three of those additional to the one we're working with in North Dakota are pushing aggressively for 2025 and 2026 capacity we're marketing the sites that we have to those customers but from our perspective we've seen a significant step up in the demand for especially 25 and 26 capacity you know 25 is basically gone at this point there's no additional 25 capacity out there that will have the 100 megawatts in Elendale for 25 that a lot of people are sort of moving to the first half and even the second half of 26 but we're seeing it's a significant amount of demand and you know working to get into another L-O-Y to different location

Speaker Change: Likely to be in the Dakota, so it wouldn't say nor to go to the likely to be in the Dakota's for us for that second site. But we are seeing a significant amount of demand for what we have.

Speaker Change: And when you think you have an L.O.I. in calendar 24 or early 25, any rough guess is to when that L.O.I. is possible?

Speaker Change: Yeah, I think just from the activity that we're seeing, we could see something by the end of calendar 24 for an additional site. This is such a dynamic market for us, Mike, is we're seeing...

Speaker Change: You know, a lot of things happen. We've had, you know, for this quarter, at least we've had a lot of good things happen for us. The quarter that we're currently in, you know, the investment. We've had some really big progress on supply chain. There's some things going on in the industry where we're seeing.

Speaker Change: Projects get pushed because power timelines are getting pushed. We've seen, just as an example, a little over 400 megawatts of backup Jen hit the market for projects that had their power timelines pushed several years. It's not longer. And so they're being resold into the market. So we've taken advantage of that recently.

Speaker Change: So there's a lot of things that play here in the industry and it's very dynamic and we're trying to be as members as we can to take advantage of those things because it'll help us from a supply chain perspective, accelerate.

Speaker Change: both the building two and three in Alendale, but also additional sites. So just a lot of things happening.

Speaker Change: So, please, please leave a check-up question.

Speaker Change: I don't, did you call on me by chance, George Sutton? I can hear you, George, so must be you. Okay, sorry, nothing sets, George Sutton. So I'm wondering if you could give us a little more specificity on the finalization of the lease. What remains my assumption has been that you have been trying to determine a delivery date based in part on the connections into the facility and in part based on the backup. So is that still where we stand on the lease?

Speaker Change: That's not really the issue up on the least. But let me clarify that, Georgia. I think there was some confusion around that on the last call. So, you know, it was talking about when lease revenue actually starts. So, and I said, you know, it's really going to be in some ways up to the tenant. And so, just to clarify what that is. So, the facility will be ready earlier in the first half of 25.

Speaker Change: Single Feed, and then in the middle of 25 dual feed, and then in the second half of 25 dual feed with Backup Gen. And so, technically the client could take power if they're willing to go single feed with just UPS redundancy, then they want to wait for dual feed. And so I think, you know, from a safe perspective, you know, looking at the second half of full Backup Gen dual feed, so the full redundancy on site. So I think there was a little confusion just trying to clear that up. There's very little left on the lease, George, it's really just...

Speaker Change: You know, I try to handicap this and I've been wrong on handicapping at several times. We feel really confident that this...

Speaker Change: Leaves will get finalized in a reality. This could happen in a matter of days. It could be six weeks. There's sometime in that window, maybe on the outside chance of eight weeks, but somewhere in that window, and there's not really anything specifically holding the lease up. It's just the process.

Speaker Change: We don't control the process. We push on it as hard as we can, but we're really confident in the lease getting done. And then we've done a lot of work around the site level financing. We have the bank group lined up there. They're ready to fund as early as the end of this month, whenever the lease gets signed. So we have all of the pieces lined up.

Speaker Change: to go and this will get finalized and we'll announce when it's finalized and then work through the funding at that point, which will be shortly thereafter, but I wish George I could give you.

Speaker Change: Very specific things, but we don't, we just don't control the process and...

Speaker Change: and the color I would add here is...

Speaker Change: We're first time supplier. This is a really large contract for us, but I didn't even for the customer that we're...

Speaker Change: We're working with here from just the size and the length of the contract from third parties. I have heard that typically as a first time supplier to this customer, you know, can take 12 to 18 months to get through. So we're at about the six months. So it's moved really fast and we feel like we're at the very end of this. So I'm just trying to give as much color as I can, but obviously we've missed a few deadlines on our expectation here, but the work that we're doing with them just keeps moving forward, you know, every day and pretty significantly every week. And so from from every, you know, piece of information that we have, we feel really confident that this will get signed. It's just hard to handicap when that actually happens.

Speaker Change: I'm going to assume not as soon as the next hurricane, but hopefully before the one after that. So if we look at building two, you mentioned that you're starting to move dirt. I know you don't want to do this on your balance sheet. Can you give us a sense of how you're beginning the structure of buildings two and three kind of where all that sits?

Speaker Change: Yeah, so, you know, dirtwork relative to the earthwork relative to the cost relative to the total cost of the building is really minuscule. So it's one that's kind of easy to go ahead with, you know, been working through the design there will be...

Speaker Change: The few design modifications, if you're not improving, you should be improving every time, so you should expect some modifications, plus it's going to be expected right now to be 150 megawatts, IT load and that building versus 100, so there's some changes that we're pushing.

Speaker Change: You do have that building ready in the second half of calendar 2026 and then the third building in the second half of calendar 27. And so we need to, we've done a certificate amount of work already, not expensive, dollar-wise work, but it's going to be going to amount of work to make sure that we can meet those those timelines.

Speaker Change: Alright, thanks for the clarity.

Speaker Change: Thank you.

Speaker Change: Our next question comes from John Tadaro, Need Him in Company, please proceed with your question.

John Tadaro: Hey, hey, welcome team, um, I guess.

John Tadaro: sort of two here, both relates to the lease. You mentioned that there's going to be two leases, a hundred megawatts in the additional 300. Do we think economics is going to be kind of the same for each or should we think kind of better economic scenario for the first hundred and then they negotiate a little bit harder on the other 300.

John Tadaro: Any kind of color there, then just second point.

Speaker Change: At least it relates to the first lease. Our kind of all the key items we should think about negotiated and now it really is almost just kind of a clerical part that could take up to six to eight weeks here.

Speaker Change: Yeah, so thanks, John, and again, I don't want to say, you could take up to, it's a little, again, a little bit of a guessing game, but yeah, you're, you're characterizing the second part of that correctly. On the first part, two leases, they're two different structures, but economically that look really similar.

Speaker Change: with that makes sense.

Speaker Change: Okay, so kind of that previous economics on revenue in EBITDA, we should still be kind of thinking about as we model it. Okay, yes, but one of the leases, you know, is expected to be kind of a colossal lease or a lease on a dollar per kilowatt per month. And the remainder of a yield on cost model, it's more traditional for hyperscalers, but economically they'll look very similar.

Speaker Change: Got it. Other stuff. And just the second point, just to clarify, you would kind of characterize it as kind of mostly in a clerical phase at this point, I guess. Yes.

Speaker Change: Okay, thank you all.

Speaker Change: Yeah.

Speaker Change: Thank you. Our next question comes from Kevin BD, HC Wayne Wright. Kevin, please proceed.

Speaker Change: Hi, Wesley David. This is Michael Downed and I'm calling in on behalf of Kevin. For Club Services, please discuss what you're seeing with customer turnover and how has pricing changed with demand.

Speaker Change: It's a pricing, you know, surprisingly, has been somewhat flatline firm.

Speaker Change: We almost the last year on the, but she's called on Hopper from an hour for bare metal.

Speaker Change: So we've sticked a bare metal on a GPU price per hour. It's been pretty flat-lined. We're still quoting out in the 220-ish range on average per hour. And then on customer turnover, we have...

Speaker Change: We keep expanding with our largest customer. We have a customer that has got a more of a question mark around it in character with the changes that have happened there and the payment. I don't know the details of the payment. I think everyone here knows the same details I do, which is what I read the Wall Street Journal of roughly $2.7 billion I believe was the number. So there's some question marks around that and there's a chance we swap customers out there. But we have demand for those. [inaudible] I'm sorry, I'm sorry

Speaker Change: for those clusters to continue to grow. And I'll go back to what I've been talking about the last couple of calls, which is we're very focused on the enterprise market, which has been a developing market and we're seeing more and more demand in the enterprise market. What I would say about the AI lab and the kind of AI startup market is that I feel like it's gotten much more prudent in that market. You're seeing a lot better, a lot more thought going into business models instead of, you know, if you went back.

Speaker Change: 15 or 18 months, you were looking at how many GPUs can I get online and how quickly, so I think people are looking more around business models, and I actually feel a little more comfortable around those companies, and I think we have in our largest customer and in-together AI, just a company that thinks about that a lot and has some really great customers on their end and a wide range of customers as well. But that market's still seeing significant demand growth, seeing new entrants from a customer's perspective and not market both on the enterprise and back to the AI labs and the AI startups. But the pricing has been largely stable there.

Speaker Change: Okay, I appreciate that list. Then, for more conceptual questions, are you guys trying to engineer any solutions for each recirculation and if so, are you think about obtaining customers to offset power costs there?

Speaker Change: Yeah, you mean on heat capture for the data centers?

Speaker Change: Thanks for watching!

Speaker Change: Yeah, so we've been spending a fair amount of time on...

Speaker Change: You know, methods for that. So with our Bitcoin data centers, it's much harder. So you're doing air cool. It's much harder to capture the ambient heat you create for any use case. But with the HPC facility, the Allen Dale II facility, as we move to liquid cool, it creates a much easier opportunity to capture that waste heat that's created in the facility and look to, you know, for opportunities that we can co-locate in the areas that we're in, we really need to look towards agricultural opportunities to offload that heat. And we're examining that. And we expect to start deploying some of that in the calendar 2025 as that facility comes online.

Speaker Change: But you're really thinking about things like greenhouses or aqua farming or mushrooms or things that are agriculturally based in the areas we are in North Dakota for that to try to make use of that waste heat or the waste heat from the facility.

Speaker Change: Okay, great, thank you, Wes.

Speaker Change: Absolutely.

Speaker Change: Thank you. Our next question comes from John and Grover, from GroverBame. Please proceed with your question.

Speaker Change: Yeah, very good jazz on the music on the call. Wesley, my question is, the last call we were at 90%.

Speaker Change: 995 now, where do we stand as sort of...

Speaker Change: You gave us a rating last call. It's a great question, John . I think if I remember correctly on the last call, 90% of the work complete, I think I had trouble handicapping with the timeline as on the last 10. I would say that when 98.5% or 99% there, it's mostly just like John asked you to clear at this point for us. Like I said, I wish we had more control of the process, but we push where we can, but I think we're at the very end of this process. The team's done a great job getting there.

Speaker Change: Thank you.

Speaker Change: Absolutely.

Speaker Change: Thank you. Our next question comes from Darren Aftani, Roth Capital Partners, I'll see you. Please proceed with your question.

Darren Aftani: Hey guys, just a follow-up, Wes on the comments he made about the two weeks is, I'm just going to curious. So, when you talk on yield on cost on the second one, is there a target range that you guys are looking at in terms of that? And then I guess on the second least, given the way you kind of...

Darren Aftani: Um, without kind of building before maybe getting a client booked, are you looking to get some sort of pre-payment, a piece to help fund buildings to a drink going for us, thanks.

Speaker Change: So, Darren, I'm not going to talk about the actual yields for at least rates, for our pricing there, I think it's premature to talk about that. It still fits in the model that we've really always talked about for the monconomic perspective.

Speaker Change: You know, as far as the expectation for buildings, you know, two and three, or B&C, as our private actuary is internally, we'll do, like I said, we're putting some money in very, very low dollars, not big cap expend. The expectation is we'll have a lease sign and project financing in place to build there. And so we won't go through anything close to what [inaudible]

Speaker Change: where I've repeated I think again and again that I think the way for us to break into this market is a full stack developer was speed to market. And I think that's working out well for us. But I'm building two and three expect to get signed before we're doing anything catback dollar spend. But I will say from a market perspective just going back to the market and what we've seen you know the last you know really in the month of September . We are seeing those you know potential offers out there from from hyperscalers of offering capital to build and up from payments. We haven't we're you know down that will be down that for some of our other campuses. But we are seeing some of that in the market just as you know it speaks to the right now.

Speaker Change: for 25 and 26 in this scarcity of what's out there.

Unknown Attendee: Thank you. There are no further questions at this time.

Wesley Cummins: I would like to turn the floor back to Chairman Hasey West Cummins for closing remarks. Thanks, everyone, for joining us on the call.

Speaker Change: Thank you. There are no further questions at this time. I would like to turn the full back to Chairman Haseo, West Cummins for closing remarks.

Unknown Attendee: I look forward to speaking with you in January.

West Cummins: Thanks everyone for joining us on the call, look forward to speaking with you in January.

Unknown Attendee: Thank you.

Unknown Attendee: This does conclude today's telecomments. We thank you for your participation. You may disconnect your lines at this time.

Speaker Change: Thank you. This does conclude today's telecoms. We thank you for your participation. You may disconnect your lives at this time.

Speaker Change: Thanks for watching!

Unknown Attendee: John Sutton, Wesley Cummins, Michael Grondahl, Robert Brown, Lucas Pipes, Michael Grondahl.