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Sphere 3D Corp (ANY)
NASDAQ:ANY

Sphere 3D (ANY) AI Stock Analysis

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Sphere 3D

(NASDAQ:ANY)

Rating:47Neutral
Price Target:
Sphere 3D's stock score is primarily impacted by financial performance challenges, particularly in profitability and cash flow management. Despite a strong balance sheet with no debt, the company's operational inefficiencies and inconsistent revenue growth weigh heavily on its financial health. The technical analysis shows neutral sentiment with some downward pressure, while the valuation is hindered by negative earnings and no dividend yield. These factors collectively contribute to a lower overall stock score.
Positive Factors
Financial Performance
Sphere 3D reported mining revenue of $2.8M, surpassing the previous estimate and indicating strong performance in the sector.
Operational Efficiency
Sphere 3D's first self-owned mining site in Iowa is operational, reducing dependence on hosting agreements and investing in power and infrastructure.
Profitability
The 8MW power deal offers a rate almost half of Sphere's hosting agreements, boosting profitability and moving the company toward cash generation.
Negative Factors
Leadership Stability
The unexpected loss of CEO Patti Trumpeter is seen as a significant setback for Sphere 3D Corp, potentially causing some instability in the company's leadership.
Stock Performance
Sphere 3D's stock has been moving back toward the $1 level, indicating a partial recovery from previous lower levels.

Sphere 3D (ANY) vs. SPDR S&P 500 ETF (SPY)

Sphere 3D Business Overview & Revenue Model

Company DescriptionSphere 3D Corp. is a company that operates in the technology sector, primarily focusing on providing solutions in the fields of data management and cloud computing. The company is known for offering products and services that include virtual desktop infrastructure (VDI), storage solutions, and cloud services. Sphere 3D aims to assist businesses in managing their data and applications more efficiently, leveraging virtualization and cloud technology to deliver scalable and flexible IT solutions.
How the Company Makes MoneySphere 3D generates revenue through the sale of its technology products and services, which include virtual desktop infrastructure solutions, storage systems, and cloud services. The company earns money by licensing its software solutions, selling hardware products, and providing ongoing support and maintenance services to its clients. Additionally, Sphere 3D may engage in partnerships and collaborations with other tech companies to expand its market reach and enhance its product offerings, contributing to its revenue streams.

Sphere 3D Financial Statement Overview

Summary
Sphere 3D exhibits a mixed financial profile characterized by a strong balance sheet with no debt and adequate equity, but persistent profitability challenges and inconsistent revenue growth. Operational inefficiencies are impacting margins, and cash flow remains a concern. The company needs to address these issues to drive sustainable financial performance.
Income Statement
45
Neutral
The company's income statement reveals challenges in profitability with a consistent pattern of net losses. Gross profit margin improved slightly year over year, but net profit margin remains negative. Revenue growth is inconsistent, with a recent decline suggesting potential market or operational challenges. The EBIT and EBITDA margins are negative, reflecting ongoing operational inefficiencies.
Balance Sheet
60
Neutral
The balance sheet shows a strong equity position with no debt, which is a positive aspect indicating financial stability. The equity ratio is solid, suggesting the company is not heavily leveraged. However, the company's return on equity is negative due to consistent net losses, highlighting profitability issues.
Cash Flow
50
Neutral
Cash flow analysis indicates negative free cash flow and operating cash flow, suggesting cash management issues. The company has not demonstrated positive free cash flow growth. Although there is some improvement in cash flow management compared to previous years, it still faces significant challenges in achieving sustainable cash generation.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue12.48M16.61M21.91M6.08M3.72M4.85M
Gross Profit1.21M3.23M5.96M2.66M1.70M2.25M
EBITDA-2.10M-2.21M-15.94M-164.48M-11.10M-4.08M
Net Income-13.78M-9.47M-23.41M-192.91M-17.29M-5.78M
Balance Sheet
Total Assets34.27M43.23M45.66M83.02M275.92M11.83M
Cash, Cash Equivalents and Short-Term Investments2.79M12.96M586.00K1.34M54.35M461.00K
Total Debt0.000.000.000.000.002.50M
Total Liabilities3.57M3.91M5.35M48.45M6.30M6.82M
Stockholders Equity30.71M39.31M40.32M34.56M269.63M5.01M
Cash Flow
Free Cash Flow-13.96M-13.52M-8.14M-48.71M-130.76M-2.58M
Operating Cash Flow-3.99M-4.58M-6.58M-30.77M-28.52M-2.58M
Investing Cash Flow3.84M4.03M2.56M-22.04M-122.69M-2.00M
Financing Cash Flow5.50M5.39M3.06M0.00205.10M4.90M

Sphere 3D Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.61
Price Trends
50DMA
0.69
Negative
100DMA
0.61
Negative
200DMA
0.85
Negative
Market Momentum
MACD
-0.03
Negative
RSI
45.04
Neutral
STOCH
58.01
Neutral
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 0.61 is below the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.69, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.04 is Neutral, neither overbought nor oversold. The STOCH value of 58.01 is Neutral, 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 (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$33.76B6.14-11.84%1.84%5.29%-18.23%
54
Neutral
$27.63M-61.28%-13.53%12.48%
53
Neutral
$20.25M-49.11%19.37%-197.96%
ANANY
47
Neutral
$15.74M-40.72%-24.19%72.41%
25
Underperform
$131.14M67.54%106.67%16.74%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ANY
Sphere 3D
0.61
-0.39
-39.00%
BLBX
Blackboxstocks
7.40
4.52
156.94%
NXPL
NextPlat
0.74
-0.28
-27.45%
BNZI
Banzai International
4.64
3.09
199.35%

Sphere 3D Corporate Events

Executive/Board Changes
Sphere 3D Appoints New CFO and Interim CEO
Neutral
Apr 28, 2025

Sphere 3D Corp. has amended its employment agreement with Kurt Kalbfleisch, appointing him as Chief Financial Officer and Interim Chief Executive Officer. The new agreement, effective April 22, 2025, includes a base salary of $336,000, potential bonuses, and stock units, with provisions for compensation and benefits in case of termination or change of control.

Spark’s Take on ANY Stock

According to Spark, TipRanks’ AI Analyst, ANY is a Neutral.

Sphere 3D’s stock score is primarily impacted by financial performance challenges, particularly in profitability and cash flow management. Despite a strong balance sheet with no debt, the company’s operational inefficiencies and inconsistent revenue growth weigh heavily on its financial health. The technical analysis shows neutral sentiment with some downward pressure, while the valuation is hindered by negative earnings and no dividend yield. These factors collectively contribute to a lower overall stock score.

To see Spark’s full report on ANY stock, click here.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Apr 25, 2025