secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sphere 3D Corp. (ANY)
CIK:        0001591956
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001062993-24-010082
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591956/000106299324010082/0001062993-24-010082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591956/000106299324010082/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-010082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer