Sphere 3D Q1 revenue $6.9M (+130% YoY); net loss $4.5M, widens from $3.5M

Sphere 3D Corp.

2024-Q1 EPS reported -$0.27 revenue$6,946,000

Revenue $6.9M, up 130% YoY; mined 144.8 Bitcoin vs 110.3 in Q1 2023.
Net loss $4.5M ($0.27 per share) vs $3.5M ($0.34) YoY; operating loss improved to $1.9M from $3.7M.
Hashrate 1.3 EH/s at quarter end; plans to refresh fleet with newer-gen machines starting Q2 2024.
Unrealized loss of $2.7M on Core settlement equity securities recognized in Q1.
Operating costs $8.8M, up from $6.8M; depreciation & amortization $1.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Sphere 3D Corp. reported first fiscal quarter ended March 31, 2024 results: revenue $6.9 million, net income Net loss was $4.5 million, or a net loss of $0.27 per share, EPS a net loss of $0.27 per share.

Period: first fiscal quarter ended March 31, 2024
Revenue: $6.9 million
Net income: Net loss was $4.5 million, or a net loss of $0.27 per share
EPS: a net loss of $0.27 per share
Result: reported results

Exact text from the filing

scale, today reported financial results for the first quarter of FY 2024 ended March 31, 2024. 2024 First Quarter Highlights and Recent Developments Revenue increased to $6.9 million during the quarter ended March 31, 2024. Sphere 3D mined 144.8 Bitcoin during the quarter ended March 31, 2024. Sphere 3D ended the quarter with 1.3 EH/s. CEO Comments “As we

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Source: SEC EDGAR

accession 0001062993-24-010082

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