ANY

Sphere 3DNasdaqCM:ANY Stock Report

Market Cap

US$340.2m

7D

-4.4%

1Y

144.5%

Updated

18 Sep, 2021

Data

Company Financials
ANY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Sphere 3D
Historical stock prices
Current Share PriceUS$6.26
52 Week HighUS$1.23
52 Week LowUS$11.98
Beta2.16
1 Month Change58.08%
3 Month Change183.26%
1 Year Change144.53%
3 Year Change232.98%
5 Year Change-93.06%
Change since IPO-97.02%

Recent News & Updates

Sep 09

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.

Jun 03

Sphere 3D to merge with Gryphon Digital Mining in all stock deal

Sphere 3D ([[ANY]] +0.6%) to merge with Gryphon Digital Mining, Inc..As per the merger agreement, Sphere 3D will issue 111M common shares to the shareholders of Gryphon.Upon closing merger in 3Q21, the company will change its name to Gryphon Digital Mining, Inc.Sphere 3D shareholders will own ~23% and Gryphon shareholders will own the remaining 77% of the combined company. "Gryphon's future focus on mining using 100% renewable energy will set the bar for mining companies of the future. We have been

Shareholder Returns

ANYUS SoftwareUS Market
7D-4.4%0.9%-0.6%
1Y144.5%42.9%33.8%

Return vs Industry: ANY exceeded the US Software industry which returned 43.5% over the past year.

Return vs Market: ANY exceeded the US Market which returned 33.6% over the past year.

Price Volatility

Is ANY's price volatile compared to industry and market?
ANY volatility
ANY Beta2.16
Industry Beta0.95
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a32Peter Tassiopouloshttps://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

How do Sphere 3D's earnings and revenue compare to its market cap?
ANY fundamental statistics
Market CapUS$340.24m
Earnings (TTM)-US$8.34m
Revenue (TTM)US$4.78m

71.2x

P/S Ratio

-40.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ANY income statement (TTM)
RevenueUS$4.78m
Cost of RevenueUS$2.62m
Gross ProfitUS$2.17m
ExpensesUS$10.51m
Earnings-US$8.34m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.83
Gross Margin45.30%
Net Profit Margin-174.55%
Debt/Equity Ratio4.0%

How did ANY perform over the long term?

See historical performance and comparison

Valuation

Is Sphere 3D undervalued compared to its fair value and its price relative to the market?

71.11x

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 (71.1x) compared to the US Software industry average (7.8x).


Future Growth

How is Sphere 3D forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.9%

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 (22.1%).


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?

2.8yrs

Average management tenure


CEO

Peter Tassiopoulos (52 yo)

2.83yrs

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 ($USD234.34K) is below average for companies of similar size in the US market ($USD1.68M).

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 (2.8 years average tenure).


Board Members

Experienced Board: ANY's board of directors are considered experienced (4.3 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 681.1%.


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$340.240m
  • Shares outstanding: 54.35m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 00:53
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.