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:
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
- 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.