Sphere Total Revenue vs Net Income From Continuing Ops Analysis
| ANY Stock | USD 1.53 0.50 48.54% |
Sphere 3D financial indicator trend analysis is much more than just breaking down Sphere 3D Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sphere 3D Corp is a good investment. Please check the relationship between Sphere 3D Total Revenue and its Net Income From Continuing Ops accounts. 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.
Total Revenue vs Net Income From Continuing Ops
Total Revenue vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sphere 3D Corp Total Revenue account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sphere 3D's Total Revenue and Net Income From Continuing Ops is -0.17. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Sphere 3D Corp, assuming nothing else is changed. The correlation between historical values of Sphere 3D's Total Revenue and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Sphere 3D Corp are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Total Revenue i.e., Sphere 3D's Total Revenue and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | -0.17 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Sphere 3D Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Net Income From Continuing Ops
Most indicators from Sphere 3D's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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. Tax Provision is likely to rise to about 51.5 K in 2024, whereas Selling General Administrative is likely to drop slightly above 10.7 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 fundamental ratios Correlations
Click cells to compare fundamentals
Sphere 3D Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sphere 3D fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 8.4M | 11.8M | 275.9M | 83.0M | 49.9M | 63.0M | |
| Other Current Liab | 973K | 1.3M | 297K | 3.0M | 3.0M | 3.8M | |
| Total Current Liabilities | 6.6M | 5.8M | 5.2M | 6.2M | 5.3M | 5.1M | |
| Total Stockholder Equity | 1.2M | 5.0M | 269.6M | 34.6M | 40.3M | 37.2M | |
| Net Debt | 342K | 2.0M | (54.4M) | (1.3M) | (586K) | (556.7K) | |
| Retained Earnings | (191.6M) | (197.4M) | (215.2M) | (419.7M) | (447.4M) | (425.0M) | |
| Cash | 149K | 461K | 54.4M | 1.3M | 586K | 556.7K | |
| Cash And Short Term Investments | 149K | 461K | 54.4M | 1.3M | 1.6M | 1.5M | |
| Common Stock Shares Outstanding | 384.6K | 840.7K | 4.4M | 9.5M | 12.1M | 12.7M | |
| Liabilities And Stockholders Equity | 8.4M | 11.8M | 275.9M | 83.0M | 49.9M | 63.0M | |
| Other Current Assets | 345K | 129K | 52K | 10.3M | 11.9M | 12.5M | |
| Other Stockholder Equity | 8.4M | 11.8M | 42.4M | (26.8M) | (12.7M) | (12.1M) | |
| Total Liab | 7.2M | 6.8M | 6.3M | 48.5M | 9.5M | 9.1M | |
| Total Current Assets | 1.9M | 2.1M | 78.4M | 10.3M | 13.5M | 16.8M | |
| Other Liab | 683K | 520K | 347K | 1.1M | 981K | 1.4M | |
| Net Tangible Assets | (10.3M) | (9.3M) | (10.8M) | 164.3M | 188.9M | 198.3M | |
| Property Plant And Equipment Net | 2K | 0.0 | 102.2M | 34.3M | 24.2M | 16.1M | |
| Accounts Payable | 4.1M | 2.0M | 1.3M | 3.0M | 2.4M | 3.9M | |
| Non Current Assets Total | 6.5M | 9.7M | 197.5M | 72.7M | 36.3M | 61.7M | |
| Non Currrent Assets Other | 4K | 3.7M | 52K | 18.6M | 3.4M | 2.9M | |
| Other Assets | 950K | 677K | 3.7M | 114.5M | 131.7M | 138.3M | |
| Net Receivables | 1.1M | 369K | 264K | 2.0M | 4.0M | 0.0 | |
| Non Current Liabilities Total | 520K | 1.0M | 1.1M | 42.3M | 4.2M | 4.0M | |
| Inventory | 753K | 558K | 22.0M | (5.3M) | (6.1M) | (5.8M) | |
| Deferred Long Term Liab | 683K | 485K | 56K | 7K | 6.3K | 6.0K | |
| Property Plant And Equipment Gross | 2K | 291K | 102.2M | 36.0M | 30.1M | 16.8M | |
| Short Long Term Debt | 44.8M | 600K | 491K | 1.8M | 1.6M | 1.6M | |
| Accumulated Other Comprehensive Income | (1.8M) | (1.8M) | (1.8M) | (1.8M) | (1.8M) | (1.9M) | |
| Short Term Debt | 600K | 491K | 1.8M | 3.4M | 3.1M | 2.9M | |
| Intangible Assets | 2.3M | 2.6M | 63.0M | 9.5M | 4.6M | 4.4M | |
| Common Stock | 186.2M | 192.4M | 444.3M | 456.4M | 475.7M | 499.5M | |
| Current Deferred Revenue | 1.1M | 657K | 210K | 160K | 144K | 136.8K | |
| Short Long Term Debt Total | 44.8M | 600K | 491K | 2.5M | 2.3M | 2.1M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Sphere 3D Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sphere 3D's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sphere 3d Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sphere 3d Corp Stock: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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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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 (1.86) | Revenue Per Share 1.885 | Quarterly Revenue Growth 1.295 | Return On Assets (0.17) | Return On Equity (0.48) |
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.