Sphere Historical Income Statement
| ANY Stock | USD 1.04 0.04 3.70% |
Historical analysis of Sphere 3D income statement accounts such as Interest Expense of 1.1 M, Selling General Administrative of 10.7 M or Other Operating Expenses of 37 M can show how well Sphere 3D Corp performed in making a profits. Evaluating Sphere 3D income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sphere 3D's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sphere 3D Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sphere 3D Corp is a good buy for the upcoming year.
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About Sphere Income Statement Analysis
Sphere 3D Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Sphere 3D shareholders. The income statement also shows Sphere investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Sphere 3D Income Statement Chart
Sphere 3D Corp Income Statement is one of the three primary financial statements used for reporting Sphere's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Sphere 3D Corp revenue and expense. Sphere 3D Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Sphere 3D's Total Other Income Expense Net is fairly stable compared to the past year. Total Revenue is likely to rise to about 23.5 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 6.1 M in 2024. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sphere 3D Corp. It is also known as Sphere 3D overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Sphere 3D Corp minus its cost of goods sold. It is profit before Sphere 3D operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Sphere 3D's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sphere 3D Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Sphere 3D's Total Other Income Expense Net is fairly stable compared to the past year. Total Revenue is likely to rise to about 23.5 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 6.1 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 2.0M | 3.4M | 22.1M | 14.4M | Research Development | 971K | 605K | 1.0M | 974.7K |
Sphere 3D income statement Correlations
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Sphere 3D Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sphere 3D income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.1M | 1.9M | 8.6M | 30.9M | 6.2M | 6.1M | |
| Interest Expense | 353K | 728K | 516K | 117.8M | 1.2M | 1.1M | |
| Selling General Administrative | 3.9M | 5.5M | 18.3M | 24.1M | 15.8M | 10.7M | |
| Other Operating Expenses | 11.5M | 10.5M | 22.6M | 73.5M | 48.4M | 37.0M | |
| Operating Income | (6.0M) | (5.7M) | (18.9M) | (67.4M) | (26.5M) | (27.9M) | |
| Ebit | (6.0M) | (5.7M) | (18.9M) | (67.4M) | (26.5M) | (25.2M) | |
| Ebitda | (2.8M) | (3.8M) | (10.3M) | (36.6M) | (20.3M) | (19.3M) | |
| Total Operating Expenses | 7.8M | 7.9M | 20.6M | 70.1M | 26.3M | 22.3M | |
| Income Before Tax | (4.3M) | (5.8M) | (17.3M) | (192.7M) | (23.3M) | (24.5M) | |
| Total Other Income Expense Net | 1.7M | (96K) | 1.6M | (125.3M) | 3.2M | 3.4M | |
| Net Income | (6.7M) | (5.8M) | (17.3M) | (192.9M) | (23.4M) | (24.6M) | |
| Income Tax Expense | 2.4M | 4K | (15K) | 166K | 13K | 12.4K | |
| Total Revenue | 5.6M | 4.8M | 3.7M | 6.1M | 21.9M | 23.5M | |
| Gross Profit | 1.9M | 2.2M | 1.7M | 2.7M | (228K) | (216.6K) | |
| Net Income From Continuing Ops | (4.3M) | (5.8M) | (17.3M) | (192.9M) | (131.6M) | (125.0M) | |
| Research Development | 2.1M | 1.2M | 971K | 605K | 1.0M | 974.7K | |
| Cost Of Revenue | 3.7M | 2.6M | 2.0M | 3.4M | 22.1M | 14.4M | |
| Net Income Applicable To Common Shares | (26.2M) | (4.3M) | (5.8M) | (17.8M) | (16.0M) | (16.8M) | |
| Selling And Marketing Expenses | 1.8M | 1.3M | 1.3M | 1.0M | 948K | 900.6K | |
| Interest Income | 353K | 918K | 2.9M | 2.6M | 3.4M | 1.8M | |
| Net Interest Income | (353K) | (728K) | 2.4M | 2.6M | 2.2M | 2.3M | |
| Reconciled Depreciation | 1.0M | 971K | 5.7M | 28.3M | 11.4M | 9.0M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sphere 3D in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sphere 3D's short interest history, or implied volatility extrapolated from Sphere 3D options trading.
Pair Trading with Sphere 3D
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sphere 3D position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sphere 3D will appreciate offsetting losses from the drop in the long position's value.Moving together with Sphere Stock
| 0.93 | U | Unity Software Aggressive Push | PairCorr |
| 0.66 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against Sphere Stock
| 0.86 | ML | MoneyLion Downward Rally | PairCorr |
| 0.71 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
| 0.62 | DSGX | Descartes Systems Financial Report 29th of May 2024 | PairCorr |
| 0.56 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.51 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
The ability to find closely correlated positions to Sphere 3D could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere 3D when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sphere 3D - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sphere 3D Corp to buy it.
The correlation of Sphere 3D is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sphere 3D moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere 3D Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sphere 3D can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Sphere Stock analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.
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Is Sphere 3D's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sphere 3D. If investors know Sphere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.93) | Revenue Per Share 1.806 | Quarterly Revenue Growth 4.385 | Return On Assets (0.17) | Return On Equity (0.42) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.