Sphere 3D DB:8S3 Stock Report

Last Price

€0.95

Market Cap

€20.4m

7D

-18.2%

1Y

-59.8%

Updated

23 Dec, 2024

Data

Company Financials +

Sphere 3D Corp.

DB:8S3 Stock Report

Market Cap: €20.4m

8S3 Stock Overview

Engages in the bitcoin mining business. More details

8S3 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Earnings have declined by 37.9% per year over past 5 years

Highly volatile share price over the past 3 months compared to the German market

Does not have a meaningful market cap (€21M)

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Sphere 3D Corp. Competitors

Rubean

DB:R1B

€17.2m

Solutiance

XTRA:SLSA

€13.1m

Cliq Digital

XTRA:CLIQ

€31.2m

LS telcom

XTRA:LSX

€16.2m

Price History & Performance

Summary of share price highs, lows and changes for Sphere 3D
Historical stock prices
Current Share Price	US$0.95
52 Week High	US$3.78
52 Week Low	US$0.60
Beta	2.93
1 Month Change	-21.57%
3 Month Change	28.07%
1 Year Change	-59.79%
3 Year Change	-95.60%
5 Year Change	-78.70%
Change since IPO	-99.97%

Recent News & Updates

Recent updates

Shareholder Returns

	8S3	DE Software	DE Market
7D	-18.2%	-1.6%	-2.0%
1Y	-59.8%	65.4%	6.9%

Return vs Industry: 8S3 underperformed the German Software industry which returned 65.4% over the past year.

Return vs Market: 8S3 underperformed the German Market which returned 6.9% over the past year.

Price Volatility

Is 8S3's price volatile compared to industry and market?
8S3 volatility
8S3 Average Weekly Movement	15.9%
Software Industry Average Movement	5.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 8S3's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 8S3's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
n/a	4	Patricia Trompeter	sphere3d.com

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.

Sphere 3D Corp. Fundamentals Summary

How do Sphere 3D's earnings and revenue compare to its market cap?
8S3 fundamental statistics
Market cap	€20.35m
Earnings (TTM)	-€10.56m
Revenue (TTM)	€20.76m

1.0x

P/S Ratio

-1.9x

P/E Ratio

Is 8S3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8S3 income statement (TTM)
Revenue	US$21.66m
Cost of Revenue	US$15.88m
Gross Profit	US$5.78m
Other Expenses	US$16.79m
Earnings	-US$11.02m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.52
Gross Margin	26.67%
Net Profit Margin	-50.87%
Debt/Equity Ratio	0%

How did 8S3 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 08:41
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sphere 3D Corp. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Hubert Mak	Cormark Securities Inc.
Kevin Dede	H.C. Wainwright & Co.
Edward Yew	Jacob Securities Inc.

8S3 Stock Overview

Risk Analysis

Sphere 3D Corp. Competitors

DB:R1B

€17.2m

XTRA:SLSA

€13.1m

XTRA:CLIQ

€31.2m

XTRA:LSX

€16.2m

Price History & Performance

Recent News & Updates

Sphere 3D Corp. has filed a Follow-on Equity Offering in the amount of $5.999814 million.

Sphere 3D Corp. has filed a Follow-on Equity Offering in the amount of $6.000001 million.

Sphere 3D Receives Notice from Nasdaq Regarding Regains Compliance Under Listing Rule 5550(a)(2)

Third quarter 2024 earnings released: EPS: US$0.005 (vs US$0.50 loss in 3Q 2023)

Sphere 3D Receives Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement under Listing Rule 5550(a)(2)

Second quarter 2024 earnings released: EPS: US$0.11 (vs US$0.44 loss in 2Q 2023)

Recent updates

Sphere 3D Corp. has filed a Follow-on Equity Offering in the amount of $5.999814 million.

Sphere 3D Corp. has filed a Follow-on Equity Offering in the amount of $6.000001 million.

Sphere 3D Receives Notice from Nasdaq Regarding Regains Compliance Under Listing Rule 5550(a)(2)

Third quarter 2024 earnings released: EPS: US$0.005 (vs US$0.50 loss in 3Q 2023)

Sphere 3D Receives Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement under Listing Rule 5550(a)(2)

Second quarter 2024 earnings released: EPS: US$0.11 (vs US$0.44 loss in 2Q 2023)

CEO & Director recently sold €160k worth of stock

First quarter 2024 earnings released: US$0.27 loss per share (vs US$0.34 loss in 1Q 2023)

New major risk - Shareholder dilution

Full year 2023 earnings released: US$1.93 loss per share (vs US$20.36 loss in FY 2022)

Sphere 3D Corp., Annual General Meeting, May 15, 2024

Sphere 3D Corp. Announces Resignation of Joseph O'Daniel as President

New major risk - Market cap size

New major risk - Financial position

Sphere 3D Corp., Annual General Meeting, Dec 05, 2023

Second quarter 2023 earnings released: US$0.44 loss per share (vs US$4.31 loss in 2Q 2022)

Sphere 3D Corp. Regains Compliance with Nasdaq Minimum Bid Price Requirement

First quarter 2023 earnings released: US$0.049 loss per share (vs US$0.23 loss in 1Q 2022)

Nasdaq Grants Sphere 3D an Additional 180-Day Grace Period, or Until July 24, 2023, to Regain Compliance

Sphere 3D Corp. Appoints Susan Harnett to Its Board of Directors

Sphere 3D Corp., Annual General Meeting, Nov 09, 2022

Sphere 3D Receives Notice from NASDAQ Regarding Minimum Bid Price Requirement

Sphere 3D Corp. Appoints Timothy P. Hanley to Its Board of Directors

Sphere 3D Corp. to Report Q1, 2022 Results on May 16, 2022

Gryphon Digital Mining, Inc. cancelled the acquisition of Sphere 3D Corp. (NasdaqCM:ANY) from a group of shareholders in a reverse merger transaction.

Sphere 3D Corp. Names Anthony Melman as Director

Sphere 3D Corp. has completed a Follow-on Equity Offering in the amount of $192.1 million.

Sphere 3D Corp. announced that it has received $10.599998 million in funding

Sphere 3D Corp. Contemplates Bankruptcy

Gryphon Digital Mining, Inc. entered into an agreement to acquire Sphere 3D Corp. (NasdaqCM:ANY) in a reverse merger transaction for approximately $190 million.

Sphere 3D Corp. has completed a Follow-on Equity Offering in the amount of $7 million.

Sphere 3D Corp., Annual General Meeting, Jan 29, 2021