Sphere 3D (NASDAQ:ANY) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
Sphere 3D Corp. - Common Shares (ANY)
NASDAQ:AMEX Investor Relations:
investors.sphere3d.com
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. Given this risk, we thought we'd take a look at whether Sphere 3D NASDAQ:ANY ) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn. Check out our latest analysis for Sphere 3D You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. In June 2024, Sphere 3D had US$14m in cash, and was debt-free. Importantly, its cash burn was US$7.9m over the trailing twelve months. So it had a cash runway of approximately 21 months from June 2024.
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News
- Sphere 3D Third Quarter 2024 Earnings: EPS: US$0.005 (vs US$0.50 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Sphere 3D Corp. (NASDAQ: ANY) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- Sphere 3D Corp. (NASDAQ: ANY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Sphere 3D mines fewer Bitcoin in September vs year ago [Seeking Alpha]Seeking Alpha
ANY
Analyst Actions
- 11/18/24 - HC Wainwright
ANY
Sec Filings
- 12/19/24 - Form S-3
- 12/13/24 - Form 4
- 12/13/24 - Form 144
- ANY's page on the SEC website