Sphere 3D Corp. (NASDAQ: ANY) stock declined by 8.94% in the current market trading session. Through its worldwide reseller system and professional services group, Sphere 3D Corp. provides containerization, virtualization, and data management solutions for hybrid cloud, cloud, and on-premise deployments.
ANY Stock Financial Results
The following were the findings during the second quarter of 2021:
- Both the second quarters of 2021 and 2020 brought in $0.9 million in revenue.
- The second quarter of 2021 had a gross margin of 43.7 percent, especially in comparison to 49.6 percent in the second quarter of 2020.
- Operating costs were $3.9 million in the second quarter of 2021, relative to $2.4 million in the second quarter of 2020.
- For both the second quarters of 2021 and 2020, depreciation and amortization totaled $0.2 million.
- The net loss available to common shareholders in the second quarter of 2021 was $3.0 million, or $0.19 per share, whereas the net loss available to common shareholders in the second quarter of 2020 was $1.9 million, or $0.41 per share.
- The net loss for the second quarter of 2021 was $2.9 million, before dividends on preferred shares.
- In the second quarter of 2021, preferred share dividends were $169,000, compared to zero in the second quarter of 2020.
First Half 2021 Financial Outcomes
- In the first half of 2021, revenue was $1.8 million, down from $1.9 million in the first half of 2020.
- In the first half of 2021, the gross margin was 44.8 percent, relative to 47.6 percent in the first half of 2020.
- Operating costs were $5.6 million in the first half of 2021, compared to $4.0 million in the first half of 2020.
- Depreciation and amortization were $0.3 million in the first half of 2021, compared to $0.5 million in the first half of 2020.
- The first six months of 2021 had a net loss available to common shareholders of $5.6 million, or $0.44 per share, whereas the net loss available to common shareholders was $3.0 million, or $0.70 per share, in the first six months of 2020.
- For the first six months of 2021, the company lost $5.3 million before dividends on preferred shares.
- Dividends on preferred shares were $362,000 in the first half of 2021, compared to $0 in the first half of 2020.
