Sphere 3D (ANY) AI Stock Analysis

• Market Cap: $15.74M
• Dividend Yield: N/A
• Average Volume (3M): 412.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: -24.19%
• EPS Growth: 72.41%
• Country: US
• Employees: 2
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.32
• Shares Outstanding: 26,457,905
• 10 Day Avg. Volume: 540,585
• 30 Day Avg. Volume: 412,598
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.38
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 0.22
• Enterprise Value/Gross Profit: 13.95
• Enterprise Value/Ebitda: -1.44
• 1Y Price Target: $3.00
• Price Target Upside: 391.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• 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 Business Overview & Revenue Model

Company Description

Sphere 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 Money

Sphere 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.48M	16.61M	21.91M	6.08M	3.72M	4.85M
Gross Profit	1.21M	3.23M	5.96M	2.66M	1.70M	2.25M
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 Assets	34.27M	43.23M	45.66M	83.02M	275.92M	11.83M
Cash, Cash Equivalents and Short-Term Investments	2.79M	12.96M	586.00K	1.34M	54.35M	461.00K
Total Debt	0.00	0.00	0.00	0.00	0.00	2.50M
Total Liabilities	3.57M	3.91M	5.35M	48.45M	6.30M	6.82M
Stockholders Equity	30.71M	39.31M	40.32M	34.56M	269.63M	5.01M
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 Flow	3.84M	4.03M	2.56M	-22.04M	-122.69M	-2.00M
Financing Cash Flow	5.50M	5.39M	3.06M	0.00	205.10M	4.90M

Sphere 3D Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.61
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$33.76B	6.14	-11.84%	1.84%	5.29%	-18.23%
BLBX	54 Neutral	$27.63M	―	-61.28%	―	-13.53%	12.48%
NXPL	53 Neutral	$20.25M	―	-49.11%	―	19.37%	-197.96%
ANY	47 Neutral	$15.74M	―	-40.72%	―	-24.19%	72.41%
BNZI	25 Underperform	$131.14M	―	67.54%	―	106.67%	16.74%

Sphere 3D Corporate Events

Sphere 3D Appoints New CFO and Interim CEO

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.