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Sphere 3D Corp (ANY)
NASDAQ:ANY
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Sphere 3D
(NASDAQ:ANY)
42Neutral
Positive Factors
Financial performance
Sphere posted its ninth sequential quarterly positive mining margin.
Strategic partnerships
Sphere 3D signed a Letter of Intent with Simple Mining LLC to develop and operate a 12.5MW site in Iowa, offering sub-4-cent energy costs, representing a key step in Sphere 3D’s strategic efforts.
Negative Factors
Revenue decline
Sphere 3D reported 3Q24 revenue of $2.4M, down from $4.7M in 2Q24, with the company’s average hash rate decreasing to 0.7Eh/s from 1.2Eh/s, reflecting downtime due to hosting transitions and fleet upgrades.
Sphere 3D (ANY) vs. S&P 500 (SPY)
Market Cap
$10.66M
Dividend YieldN/A
Average Volume (3M)265.71K
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue Growth38.44%
EPS Growth94.53%
CountryUS
Employees3
SectorTechnology
Sector Strength44
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.73
Shares Outstanding25,453,327
10 Day Avg. Volume230,167
30 Day Avg. Volume265,707
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.73
Price to Cash Flow (P/CF)8.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.00Price Target Upside614.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Sphere 3D Business Overview & Revenue Model
Company DescriptionSphere 3D Corp. is a technology company that focuses on providing virtualization and data management solutions. The company's core sectors include enterprise data management and cloud-based services. Sphere 3D offers a range of products and services that help businesses optimize their IT infrastructure through virtualization technologies and efficient data storage solutions.
How the Company Makes MoneySphere 3D generates revenue primarily through the sale of its virtualization and data management software and services. The company offers subscription-based models for its cloud services, which provide businesses with scalable solutions for data storage and management. Additionally, Sphere 3D partners with hardware vendors to offer integrated solutions, enhancing its revenue streams through collaborative offerings. These partnerships and the company's focus on innovative solutions contribute significantly to its earnings.
Sphere 3D Financial Statement Overview
Summary
Sphere 3D shows financial resilience with a debt-free balance sheet, but struggles with profitability and cash flow management, evidenced by negative profit margins and erratic revenue growth.Income Statement
Sphere 3D has faced significant challenges in profitability, with negative net profit margins consistently over the years. The TTM figures show a decrease in revenue and gross profit, impacting overall profitability. The company also reports negative EBIT and EBITDA margins, indicating operational struggles. Revenue growth has been erratic, with a decline in the latest TTM period.35
Negative
Balance Sheet
The balance sheet shows a strong equity position with no debt, reflected in a debt-to-equity ratio of zero. However, the ROE is negative, affected by sustained losses. The equity ratio is strong, indicating financial stability despite operational challenges.50
Neutral
Cash Flow
Operating cash flow has improved in the TTM period, but free cash flow remains negative, indicating ongoing cash management challenges. The cash flow to net income ratios show an inability to convert earnings into cash, though there is a slight improvement compared to previous years.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 21.66M | 21.91M | 6.08M | 3.72M | 4.85M | 5.58M | Gross Profit |
| 4.01M | 5.96M | 2.66M | 1.70M | 2.25M | 1.85M | EBIT |
| -17.36M | -30.00M | -67.42M | -18.90M | -5.68M | -5.95M | EBITDA |
| -1.95M | -15.94M | -164.48M | -11.10M | -4.08M | -2.90M | Net Income Common Stockholders |
| -11.02M | -23.41M | -192.91M | -17.29M | -5.78M | -6.73M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.57M | 586.00K | 1.34M | 54.35M | 461.00K | 149.00K | Total Assets |
| 49.85M | 45.66M | 83.02M | 275.92M | 11.83M | 8.41M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 2.50M | 491.00K | Net Debt |
| -586.00K | -586.00K | -1.34M | -54.35M | 2.04M | 342.00K | Total Liabilities |
| 9.54M | 5.35M | 48.45M | 6.30M | 6.82M | 7.17M | Stockholders Equity |
| 40.32M | 40.32M | 34.56M | 269.63M | 5.01M | 1.24M |
| Cash Flow | Free Cash Flow | ||||
| -1.24M | -8.14M | -48.71M | -130.76M | -2.58M | -1.81M | Operating Cash Flow |
| 3.37M | -6.58M | -30.77M | -28.52M | -2.58M | -1.81M | Investing Cash Flow |
| 7.52M | 2.56M | -22.04M | -122.69M | -2.00M | 0.00 | Financing Cash Flow |
| 165.25K | 3.06M | 0.00 | 205.10M | 4.90M | 1.62M |
Sphere 3D Technical Analysis
Negative
0.42
Price Trends
0.69
Negative
0.96
Negative
0.97
Negative
Market Momentum
-0.07
Negative
23.82
Positive
12.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANY, the sentiment is Negative. The current price of 0.42 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.69, and below the 200-day MA of 0.97, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 23.82 is Positive, neither overbought nor oversold. The STOCH value of 12.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANY.
Sphere 3D Risk Analysis
Sphere 3D disclosed 54 risk factors in its most recent earnings report. Sphere 3D reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sphere 3D Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $2.60B | 21.52 | 4.35% | ― | 34.20% | ― | |
58 Neutral | $21.03B | 10.58 | -16.29% | 2.47% | 4.38% | -23.63% | |
45 Neutral | $339.90M | ― | -2.15% | ― | 27.99% | 90.99% | |
44 Neutral | C$536.44M | ― | -11.98% | ― | 45.19% | -33.48% | |
42 Neutral | $10.66M | ― | -24.89% | ― | 38.44% | 94.53% | |
40 Underperform | $9.45M | ― | -354.87% | ― | 36.02% | 31.41% | |
37 Underperform | $28.78M | ― | 242.25% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
ANY
Sphere 3D
0.42
-1.03
-71.03%
RIOT
Riot Platforms
7.41
-4.06
-35.40%
MIGI
Mawson Infrastructure Group
0.50
-0.89
-64.03%
TSE:HIVE
HIVE Digital Technologies
2.15
-2.39
-52.64%
TSE:BITF
Bitfarms
1.20
-1.89
-61.17%
ARBK
Argo Blockchain
0.37
-1.47
-79.89%
Sphere 3D Corporate Events
Delistings and Listing ChangesBusiness Operations and StrategyRegulatory Filings and Compliance
Sphere 3D Regains NASDAQ Compliance and Updates Bitcoin Mining
Positive
Nov 18, 2024
Sphere 3D Corp. has regained compliance with NASDAQ’s listing requirements and provided an update on its Bitcoin mining operations for October 2024. The company mined 11.7 Bitcoins, increased its hash rate to 0.8 EH/s, and is developing a new 12.5 MW site with low energy costs. Sphere 3D is also upgrading its mining fleet with newer equipment and plans to optimize production and reduce costs by transitioning to lower-cost facilities, positioning for growth and profitability in 2025.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.