Sphere 3D Corp reports results for the quarter ended March 31 - Earnings Summary

• Sphere 3D Corp ANY.OQ reported a quarterly adjusted loss of 32 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -27 cents. The lone analyst forecast for the quarter was for a loss of 26 cents per share.

• Revenue fell 59.4% to $2.82 million from a year ago; analysts expected $2.20 million.

• Sphere 3D Corp's reported EPS for the quarter was a loss of 32 cents​.

• The company reported a quarterly loss of $8.79 million.

• Sphere 3D Corp shares had risen by 103.2% this quarter and lost 14.2% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Sphere 3D Corp is $3.00

This summary was machine generated from LSEG data May 14 at 09:18 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)