Sphere 3D Third Quarter 2024 Earnings: EPS: US$0.005 (vs US$0.50 loss in 3Q 2023)

Sphere 3D (NASDAQ:ANY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.36m (down 59% from 3Q 2023).
• Net income: US$104.0k (up from US$6.31m loss in 3Q 2023).
• Profit margin: 4.4% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.005 (up from US$0.50 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sphere 3D Earnings Insights

Looking ahead, revenue is expected to decline by 8.3% p.a. on average during the next 2 years, while revenues in the Software industry in the US are expected to grow by 12%.

Performance of the American Software industry.

The company's shares are up 19% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for Sphere 3D (2 shouldn't be ignored!) that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.