| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
ANY Overview
Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Sphere 3D Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.66 |
| 52 Week High | US$1.23 |
| 52 Week Low | US$11.98 |
| Beta | 2.11 |
| 1 Month Change | 22.36% |
| 3 Month Change | 183.70% |
| 1 Year Change | 361.45% |
| 3 Year Change | 202.05% |
| 5 Year Change | -93.70% |
| Change since IPO | -96.35% |
Recent News & Updates
If Sphere 3D Gets Into Cryptomining, The Upside Potential Is More Than 25%
ANY offers information technology solutions and the ability to connect to cloud services, like Microsoft Azure, among other hybrid cloud capabilities. In 2021, everybody seems to be buying shares of ANY because of the announcement of a merger with Gryphon Digital Mining, Inc. In order to follow the steps of the cloud service industry, I expect that the management will be able to design new products and services. ANY may not only grow because of its cloud services, the management may also grow because of the global cryptocurrency market growth. I believe that ANY could deliver 18.5% sales growth, and FCF/Sales would grow from 25% to 45%. My assumptions are very optimistic. Notice that I am using a WACC of only 5%, a terminal FCF of $15 million, and an exit multiple of 57.5x, which imply a target price of $10.
Is Sphere 3D A Buy Ahead Of Merger With Gryphon Digital Mining?
Sphere 3D is merging with Gryphon Digital Mining to focus on bitcoin mining operations. The deal is expected to close in Q4 with current Sphere 3D shareholders retaining a 23% ownership of the combined company now valued at over $1 billion. While we believe Gryphon Digital Mining benefits from a positive long-term outlook, shares of ANY appear expensive following the recent rally.
Shareholder Returns
| ANY | US Software | US Market | |
|---|---|---|---|
| 7D | 9.0% | 6.0% | 4.0% |
| 1Y | 361.4% | 35.7% | 30.5% |
Return vs Industry: ANY exceeded the US Software industry which returned 34.3% over the past year.
Return vs Market: ANY exceeded the US Market which returned 30% over the past year.
Price Volatility
| ANY volatility | |
|---|---|
| ANY Beta | 2.11 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: ANY is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 28% a week.
Volatility Over Time: ANY's weekly volatility (28%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 32 | Peter Tassiopoulos | https://www.sphere3d.com |
Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms. The company offers HVE converged and hyper-converged Infrastructure solutions, such as HVE-STACK high density server solution; HVE-VELOCITY high availability dual enclosure storage area network solution; and HVE 3DGFX, a virtualized desktop infrastructure solution.
Sphere 3D Fundamentals Summary
| ANY fundamental statistics | |
|---|---|
| Market Cap | US$450.48m |
| Earnings (TTM) | -US$8.34m |
| Revenue (TTM) | US$4.78m |
94.2x
P/S Ratio-54.0x
P/E RatioIs ANY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ANY income statement (TTM) | |
|---|---|
| Revenue | US$4.78m |
| Cost of Revenue | US$2.62m |
| Gross Profit | US$2.17m |
| Expenses | US$10.51m |
| Earnings | -US$8.34m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.14 |
| Gross Margin | 45.30% |
| Net Profit Margin | -174.55% |
| Debt/Equity Ratio | 4.0% |
How did ANY perform over the long term?
See historical performance and comparisonValuation
Is Sphere 3D undervalued compared to its fair value and its price relative to the market?
94.15x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ANY's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ANY's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ANY is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: ANY is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ANY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ANY is overvalued based on its PB Ratio (94.1x) compared to the US Software industry average (7.3x).
Future Growth
How is Sphere 3D forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.7%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sphere 3D has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Sphere 3D performed over the past 5 years?
58.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ANY is currently unprofitable.
Growing Profit Margin: ANY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ANY is unprofitable, but has reduced losses over the past 5 years at a rate of 58.5% per year.
Accelerating Growth: Unable to compare ANY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ANY is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (24.1%).
Return on Equity
High ROE: ANY has a negative Return on Equity (-67.02%), as it is currently unprofitable.
Financial Health
How is Sphere 3D's financial position?
Financial Position Analysis
Short Term Liabilities: ANY's short term assets ($6.3M) exceed its short term liabilities ($3.3M).
Long Term Liabilities: ANY's short term assets ($6.3M) exceed its long term liabilities ($610.0K).
Debt to Equity History and Analysis
Debt Level: ANY's debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: ANY's debt to equity ratio has reduced from 68.9% to 4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ANY has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ANY is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.
Dividend
What is Sphere 3D current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ANY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ANY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ANY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ANY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ANY's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Peter Tassiopoulos (52 yo)
2.92yrs
Tenure
US$234,342
Compensation
Mr. Peter Tassiopoulos has been the Chief Executive Officer of Sphere 3D Corp. since November 14, 2018 and serves as its Chairman. Mr. Tassiopoulos has been the President of Overland Storage Inc. since Aug...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD234.34K) is below average for companies of similar size in the US market ($USD1.70M).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ANY's management team is considered experienced (2.9 years average tenure).
Board Members
Experienced Board: ANY's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 745.2%.
Top Shareholders
Company Information
Sphere 3D Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: Sphere 3D Corp.
- Ticker: ANY
- Exchange: NasdaqCM
- Founded: NaN
- Industry: Systems Software
- Sector: Software
- Market Cap: US$450.479m
- Shares outstanding: 58.81m
- Website: https://www.sphere3d.com
Number of Employees
Location
- Sphere 3D Corp.
- Building No. 2
- Suite 900
- Toronto
- Ontario
- M3C 1W3
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/19 23:49 |
| End of Day Share Price | 2021/10/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.