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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.12
NAS:ANY's Cash-to-Debt is ranked lower than
94% of the 1921 Companies
in the Global Software - Application industry.

( Industry Median: 10.13 vs. NAS:ANY: 0.12 )
Ranked among companies with meaningful Cash-to-Debt only.
NAS:ANY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12  Med: No Debt Max: No Debt
Current: 0.12
Equity-to-Asset 0.22
NAS:ANY's Equity-to-Asset is ranked lower than
89% of the 1830 Companies
in the Global Software - Application industry.

( Industry Median: 0.60 vs. NAS:ANY: 0.22 )
Ranked among companies with meaningful Equity-to-Asset only.
NAS:ANY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22  Med: 0.81 Max: 0.97
Current: 0.22
0.22
0.97
Piotroski F-Score: 2
Altman Z-Score: -3.43
Beneish M-Score: -5.44
WACC vs ROIC
14.87%
-78.19%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating Margin % -83.55
NAS:ANY's Operating Margin % is ranked lower than
92% of the 1862 Companies
in the Global Software - Application industry.

( Industry Median: 4.84 vs. NAS:ANY: -83.55 )
Ranked among companies with meaningful Operating Margin % only.
NAS:ANY' s Operating Margin % Range Over the Past 10 Years
Min: -3333.33  Med: -462.5 Max: -58.87
Current: -83.55
-3333.33
-58.87
Net Margin % -89.62
NAS:ANY's Net Margin % is ranked lower than
91% of the 1863 Companies
in the Global Software - Application industry.

( Industry Median: 3.19 vs. NAS:ANY: -89.62 )
Ranked among companies with meaningful Net Margin % only.
NAS:ANY' s Net Margin % Range Over the Past 10 Years
Min: -3333.33  Med: -462.5 Max: -62.01
Current: -89.62
-3333.33
-62.01
ROE % -143.51
NAS:ANY's ROE % is ranked lower than
95% of the 1803 Companies
in the Global Software - Application industry.

( Industry Median: 6.16 vs. NAS:ANY: -143.51 )
Ranked among companies with meaningful ROE % only.
NAS:ANY' s ROE % Range Over the Past 10 Years
Min: -154.56  Med: -37.97 Max: -3.45
Current: -143.51
-154.56
-3.45
ROA % -58.13
NAS:ANY's ROA % is ranked lower than
92% of the 1927 Companies
in the Global Software - Application industry.

( Industry Median: 2.92 vs. NAS:ANY: -58.13 )
Ranked among companies with meaningful ROA % only.
NAS:ANY' s ROA % Range Over the Past 10 Years
Min: -77.88  Med: -32.75 Max: -3.05
Current: -58.13
-77.88
-3.05
ROC (Joel Greenblatt) % -1257.70
NAS:ANY's ROC (Joel Greenblatt) % is ranked lower than
93% of the 1883 Companies
in the Global Software - Application industry.

( Industry Median: 23.13 vs. NAS:ANY: -1257.70 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NAS:ANY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1392.43  Med: -786.68 Max: -7.55
Current: -1257.7
-1392.43
-7.55
3-Year EBITDA Growth Rate 91.20
NAS:ANY's 3-Year EBITDA Growth Rate is ranked higher than
99% of the 1210 Companies
in the Global Software - Application industry.

( Industry Median: 8.40 vs. NAS:ANY: 91.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NAS:ANY' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 106.8 Max: 212.1
Current: 91.2
0
212.1
3-Year EPS without NRI Growth Rate 93.70
NAS:ANY's 3-Year EPS without NRI Growth Rate is ranked higher than
99% of the 1098 Companies
in the Global Software - Application industry.

( Industry Median: 7.70 vs. NAS:ANY: 93.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NAS:ANY' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 67.25 Max: 242
Current: 93.7
0
242
GuruFocus has detected 6 Warning Signs with Sphere 3D Corp $NAS:ANY.
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Cash & Debt
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Business Description

Industry: Application Software » Software - Application    NAICS: 541519    SIC: 7721
Compare:OTCPK:CREX, OTCPK:FLKKF, OTCPK:DRNE, OTCPK:STGG, NAS:SOFO, OTCPK:DLTXF, NAS:BVSN, OTCPK:VCSY, OTCPK:TKXHF, NAS:SSNT, OTCPK:TTCM, NAS:TISA, OTCPK:EMMD, OTCPK:CLLLF, NAS:QUMU, OTCPK:NMYSF, NAS:BLIN, NAS:ISNS, OTCPK:MFON, NAS:MDSY » details
Traded in other countries:8S3.Germany,
Headquarter Location:Canada
Sphere 3D Corp is a technology development company. The Company delivers containerization and virtualization technologies along with data management products that enable workload-optimized solutions.

Sphere 3D Corp is a technology driven solution provider which engages in solutions that enable compatible hardware and software products to work together through device emulation and software virtualization.

Top Ranked Articles about Sphere 3D Corp

Sphere 3D to Announce First Quarter Fiscal Year 2017 Financial Results
Sphere 3D Corp. Appoints Cheemin Bo-Linn to Board of Directors
Sphere 3D Awarded Contract Valued at Approximately $3 Million

HVE virtualization group, has received purchase orders totaling just under $3 million for phase 2 of a multiphase digital transformation contract
SAN JOSE, Calif., March 30, 2017 (GLOBE NEWSWIRE) -- Sphere 3D Corp. (NASDAQ:ANY), a containerization, virtualization and data management solutions provider, is pleased to announce that it has been awarded a contract valued at approximately $3 million to provide a next-generation campus network and architecture to support a smooth evolution to Software-Defined Networking (SDN) for an Independent School District (“ISD”) that is an existing customer of its HVE virtualization group.This second phase of digital transformation for this ISD comes after they began their IT modernization through the implementation of HVE solutions for server virtualization at some of their campuses. Implementation for this phase has already commenced and is expected to be completed over the next few months.It is anticipated that this ISD will continue with additional phases of completing its network upgrades later this year to support future requirements for its longer-term software defined data center initiatives aimed to benefit both students and faculty.“Our decision to acquire HVE ConneXions and UCX ConneXions was largely based on our desire to provide Sphere 3D partners and customers with world class engineering and architectural support for their IT transformation initiatives. Today’s announcement, together with a number of other customer wins announced over the last few weeks, is a positive indicator that our strategy to increase adoption of the virtualization product portfolio is gaining momentum,” stated Eric Kelly, chairman and CEO of Sphere 3D. HVE ConneXions (“HVE”), a hybrid cloud technology company focused on converged and hyperconverged infrastructure, along with its sister company, Unified ConneXions, Inc. (“UCX”), which provides IT professional, architectural design and monitoring services to corporate, government, and educational institutions, were acquired by Sphere 3D in January of this year.  By adding HVE and UCX’s world-class products, technologies, professional services and engineering talent, Sphere 3D has expanded its virtualization practice as well as enhanced its ability to accelerate the delivery of hybrid cloud solutions to customers.About Sphere 3D
Sphere 3D Corp. (NASDAQ:ANY) delivers containerization, virtualization, and data management solutions via hybrid cloud, cloud and on-premises implementations through its global reseller network and professional services organization. Sphere 3D, along with its wholly owned subsidiaries Overland Storage, and Tandberg Data, has a strong portfolio of brands, including HVE ConneXions and UCX ConneXions, dedicated to helping customers achieve their IT goals. For more information, visit www.sphere3d.com. Follow us on Twitter @Sphere3D, @overlandstorage, and @tandbergdataSafe Harbor Statement This press release contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties, including the decision by our customers to continue to purchase our products and services; our inability to comply with the covenants in our credit facilities or to obtain additional debt or equity financing; any increase in our future cash needs; our ability to successfully integrate the UCX and HVE ConneXions business with Sphere 3D's other businesses;  our ability to regain compliance with the NASDAQ minimum closing bid price requirement between now and July 31, 2017; our inability to take other actions to regain compliance with the NASDAQ minimum closing bid price requirement; our ability to maintain compliance with other NASDAQ Capital Market listing requirements; unforeseen changes in the course of Sphere 3D’s business or the business of its wholly-owned subsidiaries, including, without limitation, Overland Storage and Tandberg Data; market adoption and performance of our products; the level of success of our collaborations and business partnerships; possible actions by customers, partners, suppliers, competitors or regulatory authorities; and other risks detailed from time to time in Sphere 3D’s periodic reports contained in our Annual Information Form and other filings with Canadian securities regulators (www.sedar.com) and in prior periodic reports filed with the United States Securities and Exchange Commission (www.sec.gov). Sphere 3D undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Investor Contact:
The Blueshirt Group
Mike Bishop
Tel: 1 415-217-4968
[email protected]

Press Contact:
Tina Brown
Tel: 1 408-283-4731
[email protected]

Read more...
Sphere 3D Closes Direct Equity Offering and Concurrent Private Placement

SAN JOSE, Calif., March 29, 2017 (GLOBE NEWSWIRE) -- Sphere 3D Corp.  (NASDAQ:ANY), a containerization, virtualization, and data management solutions provider, today announced the closing of its previously announced direct equity and concurrent private placement, resulting in gross proceeds of approximately U.S. $4.5 million.
As the Company originally reported on March 24, 2017, it entered into securities purchase agreements with institutional investors to purchase 20,454,546 common shares of the Company for a purchase price of $0.22 per share in a registered direct offering, and also agreed to sell unregistered warrants to the investors in a concurrent private placement to purchase up to 20,454,546 common shares with an exercise price of U.S. $0.30 per share, a five-year term, and are exercisable in whole or in part. The proceeds will be used for general corporate and working capital purposes. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Sphere 3D
Sphere 3D Corp. (NASDAQ:ANY) delivers containerization, virtualization, and data management solutions via hybrid cloud, cloud and on-premises implementations through its global reseller network and professional services organization. Sphere 3D, along with its wholly owned subsidiaries Overland Storage, and Tandberg Data, has a strong portfolio of brands, including HVE ConneXions and UCX ConneXions, dedicated to helping customers achieve their IT goals. For more information, visit www.sphere3d.com. Follow us on Twitter @Sphere3D@overlandstorage, and @tandbergdata. Safe Harbor Statement
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties including our inability to comply with the covenants in our credit facilities or to obtain additional debt or equity financing; any increase in our future cash needs; our ability to successfully integrate the UCX and HVE ConneXions business with Sphere 3D's other businesses; our ability to regain compliance with the NASDAQ minimum closing bid price requirement between now and July 31, 2017; our inability to take other actions to regain compliance with the NASDAQ minimum closing bid price requirement; our ability to maintain compliance with other NASDAQ Capital Market listing requirements; unforeseen changes in the course of Sphere 3D’s business or the business of its wholly-owned subsidiaries, including, without limitation, Overland Storage and Tandberg Data; market adoption and performance of our products; the level of success of our collaborations and business partnerships; possible actions by customers, partners, suppliers, competitors or regulatory authorities; and other risks detailed from time to time in Sphere 3D’s periodic reports contained in our Annual Information Form and other filings with Canadian securities regulators (www.sedar.com) and in prior periodic reports filed with the United States Securities and Exchange Commission (www.sec.gov). Sphere 3D undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Investor Contact:
The Blueshirt Group
Mike Bishop
Tel: 1 415-217-4968
[email protected]

Lauren Sloane
Tel: 1 415-217-2632
[email protected]

Read more...
Sphere 3D Announces Registered Direct Equity Offering and Concurrent Private Placement
SAN JOSE, Calif., March 24, 2017 (GLOBE NEWSWIRE) -- Sphere 3D Corp. (NASDAQ:ANY), a containerization, virtualization and data management solutions provider has entered into securities purchase agreements with institutional investors to purchase 20,454,546 Common Shares of the Company for a purchase price per share of $0.22 in a registered direct offering. 
The Company also concurrently agreed to sell unregistered warrants to the investors in a concurrent private placement to purchase up to 20,454,546 common shares with an exercise price of U.S. $0.30 per share, a five-year term, and are exercisable in whole or in part, at issuance. The warrants are subject to price based antidilution protections in the event the Company issues securities below the exercise price then in effect provided that the exercise price will not be adjusted below $0.10 per share. The Company intends to use the proceeds from the offering for general corporate and working capital purposes. Roth Capital Partners acted as exclusive placement agent for the registered direct offering and the concurrent private placement.The registered direct offering and concurrent private placement are expected to result in gross proceeds of approximately U.S. $4.5 million and are expected to close on or about March 29, 2017, subject to the satisfaction of customary closing conditions. The common shares in the registered direct offering were offered pursuant to Sphere 3D's effective "shelf" registration statement on Form F-3 (File No. 333- 206357) filed with the Securities and Exchange Commission ("SEC") on August 14, 2015, which became effective on August 28, 2015. The registered direct offering was made by means of a prospectus supplement and an accompanying prospectus that form a part of the registration statement. Electronic copies of a preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained free of charge, when available, by visiting EDGAR on the SEC website at www.sec.gov.The unregistered warrants described above were offered in a private placement under Section 4(a)(2) under the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and, along with the common shares issuable upon exercise, have not been registered under the Act, and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The Company has agreed to file one or more registration statements with the SEC covering the resale of the common shares issuable upon exercise of the warrants.This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.  Electronic copies of the prospectus supplement and accompanying base prospectus may also be obtained from Roth Capital Partners, LLC, Equity Capital Markets, 888 San Clemente Drive, Newport Beach, CA 92660, at (800) 678-9147, or by emailing [email protected].About Sphere 3DSphere 3D Corp. (NASDAQ:ANY) delivers containerization, virtualization, and data management solutions via hybrid cloud, cloud and on-premises implementations through its global reseller network and professional services organization. Sphere 3D, along with its wholly owned subsidiaries Overland Storage, and Tandberg Data, has a strong portfolio of brands, including HVE ConneXions and UCX ConneXions, dedicated to helping customers achieve their IT goals. For more information, visit www.sphere3d.com. Follow us on Twitter @Sphere3D, @overlandstorage, and @tandbergdata.Safe Harbor Statement This press release contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties including our inability to comply with the covenants in our credit facilities or to obtain additional debt or equity financing; any increase in our future cash needs; our ability to successfully integrate the UCX and HVE ConneXions business with Sphere 3D's other businesses;  our ability to regain compliance with the NASDAQ minimum closing bid price requirement between now and July 31, 2017; our inability to take other actions to regain compliance with the NASDAQ minimum closing bid price requirement; our ability to maintain compliance with other NASDAQ Capital Market listing requirements; unforeseen changes in the course of Sphere 3D’s business or the business of its wholly-owned subsidiaries, including, without limitation, Overland Storage and Tandberg Data; market adoption and performance of our products; the level of success of our collaborations and business partnerships; possible actions by customers, partners, suppliers, competitors or regulatory authorities; and other risks detailed from time to time in Sphere 3D’s periodic reports contained in our Annual Information Form and other filings with Canadian securities regulators (www.sedar.com) and in prior periodic reports filed with the United States Securities and Exchange Commission (www.sec.gov). Sphere 3D undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Investor Contact:
The Blueshirt Group
Mike Bishop
Tel: 1 415-217-4968
[email protected]

Read more...
The Beck Group Implements Graphic Intensive VDI Deployment with HVE Solution from Sphere 3D

Storied pioneer in the building industry continues to innovate with adoption of VDI optimized for GPU workloads

SAN JOSE, Calif., March 23, 2017 (GLOBE NEWSWIRE) -- Sphere 3D Corp. (NASDAQ:ANY), a containerization, virtualization, and data management solutions provider, today announced that The Beck Group has successfully implemented an HVE solution for its Virtual Desktop Infrastructure (VDI), including VDI for GPU intensive workloads.
From the tallest building in Shreveport: The Slattery Building (1923), to the iconic Fountain Place in Dallas (1986), to the Texas Motor Speedway (1997), to The University of Texas at Dallas Engineering Building (2016), The Beck Group has been transforming the landscape through innovation in the building design and construction industry for over 100 years. The Information Technology (IT) available for the construction industry has also gone through a transformation over the last 100 years with the introduction of sophisticated applications for computer aided design (CAD), building information modeling (BIM), and other advanced technologies. However, until now, these technologies required the ability to access powerful workstations that are stationary and required to be managed as individual instances. For The Beck Group, the move to VDI provided the ability to manage continued organic growth, enable the IT department to more easily support remote sites and mobile workers while they were out on jobs, and provide greater security since data no longer is stored on edge devices. The inclusion of the HVE 3DGFX appliances for running CAD applications in a VDI environment not only provides all the advantages of VDI for traditional workloads, but is also a powerful server based computing environment for CAD applications. CAD data is processed by the server and then streamed as an image to the client device over the network. Despite higher volumes of network traffic, the load on individual client terminals is significantly reduced. The CAD data processed by the server enables more effective utilization of compute resources with faster rendering times and staff have access to their workloads from any device, anywhere. Beck looked at solutions from other providers before evaluating the HVE 3DGFX solution, which leverages NVIDIA GPU technology, and VMware ESXi and Horizon View. The Beck Group chose HVE and worked closely with the HVE team to implement five HVE 3DGFX appliances. Equipped with the latest generation Intel processors and powerful NVIDIA Tesla GPU, the HVE appliances deliver excellent performance to meet The Beck Group’s stringent VDI needs. With the initial deployment complete, The Beck Group intends to continue to scale its environment to provide a virtual desktop for 700 users with about a third of them running GPU workloads. Quotes “This was something I have wanted to do for a long time here at Beck and until the HVE solution, there was nothing on the market that met our 3D graphical needs or provided a simple, stable VDI environment.  I wanted something simple and easy to manage.  If it was complicated, it was out of our discussion,” stated Bryce Morrow, CIO of Beck Group. “Our testing went flawlessly with our users and the performance and reliability have been exceptional.”  Joseph O’Daniel, President of Virtualization and Professional Services at Sphere 3D, stated, “Located in Dallas myself, I can’t travel very far without passing a project completed by Beck Group. We are delighted to have the opportunity to provide them with a high availability VDI solution to support their operations and increase staff efficiency as they move into their second centennial of operations in the building industry.” About HVE
HVE ConneXions, recently acquired by Sphere 3D, is a fast-growing technology provider of next generation converged and hyperconverged infrastructure. Its engineering philosophy is dedicated to creating Manageable, Scalable, Reproducible, and Predictable (MSRP) solutions based on proven virtualization technologies running on high-performance, next generation platforms. For more information and technical specifications on the HVE product line, visit www.hveconnexions.com. About Sphere 3D
Sphere 3D Corp. (NASDAQ:ANY) delivers containerization, virtualization, and data management solutions via hybrid cloud, cloud and on-premises implementations through its global reseller network and professional services organization. Sphere 3D, along with its wholly owned subsidiaries Overland Storage, and Tandberg Data, has a strong portfolio of brands, including HVE ConneXions and UCX ConneXions, dedicated to helping customers achieve their IT goals. For more information, visit www.sphere3d.com. Follow us on Twitter @Sphere3D, @overlandstorage, and @tandbergdata. Safe Harbor Statement
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties, including the decision by our customers to continue to purchase our products and services; our inability to comply with the covenants in our credit facilities or to obtain additional debt or equity financing; any increase in our future cash needs; our ability to successfully integrate the UCX and HVE ConneXions business with Sphere 3D's other businesses;  our ability to regain compliance with the NASDAQ minimum closing bid price requirement between now and July 31, 2017; our inability to take other actions to regain compliance with the NASDAQ minimum closing bid price requirement; our ability to maintain compliance with other NASDAQ Capital Market listing requirements; unforeseen changes in the course of Sphere 3D’s business or the business of its wholly-owned subsidiaries, including, without limitation, Overland Storage and Tandberg Data; market adoption and performance of our products; the level of success of our collaborations and business partnerships; possible actions by customers, partners, suppliers, competitors or regulatory authorities; and other risks detailed from time to time in Sphere 3D’s periodic reports contained in our Annual Information Form and other filings with Canadian securities regulators (www.sedar.com) and in prior periodic reports filed with the United States Securities and Exchange Commission (www.sec.gov). Sphere 3D undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Media Contact:
Tina Brown
Tel: 1 408-283-4731
[email protected]

Investor Contact:
The Blueshirt Group
Mike Bishop
Tel: 1 415-217-4968
[email protected]

Read more...
Tandberg Data’s RDX Technology Celebrates a Decade of Long-Term Storage Success

Ten years plus four million RDX units equals 1.5 Exabytes of lightning-fast backups and restores SAN JOSE, Calif., March 23, 2017 (GLOBE NEWSWIRE) -- Tandberg Data, a wholly owned subsidiary of Sphere 3D Corp (NASDAQ:ANY), today announced a milestone that has been a decade in the making. More than 4 million RDX products have been sold by the company and its OEM partners – representing a cumulative capacity in excess of 1.5 Exabytes of storage. For comparison, 1 Exabyte of storage is estimated to equal 100,000 times the printed material, or up to 3,000 times all forms of content contained in the US Library of Congress.1 Tandberg’s patented RDX® technology, a disk-based removable storage format for backup, archive and disaster recovery, is an example of unprecedented innovation and strong brand equity among technical products. At the end of 2006, Tandberg Data created a new era in backup and restore capabilities when it introduced the first RDX QuikStor™ drives with RDX cartridges. In the decade since, RDX products have been recognized by customers and press for technical leadership, security and reliability in long-term storage, archive and backup. “RDX technology has been a very important part of our overall backup and recovery portfolio for Hewlett Packard Enterprise because it is so reliable and easy for our customers to use,” said Doug Cirruzzo, Category Manager from HPE. “Unlike other comparable technologies that have now disappeared from the market, the RDX solution has continued to offer a high level of effectiveness and usability while maintaining the technological leadership required by dynamic IT environments. We congratulate Tandberg Data on its 10th anniversary and look forward to continuing our partnership for decades to come.” Today’s RDX removable disk-based technology provides lightning-fast backup and restore with a durable and ruggedized form factor. The RDX product family delivers cost-efficient, long-term storage and archive solutions to small and medium-sized businesses (SMB) with growing data storage needs. It combines the portability and reliability of tape-based backup with the speed and simplicity of a hard disk drive. Ruggedized RDX cartridges are shockproof, can sustain a one-meter drop onto a concrete floor, are protected against electro static discharge events and support an archival lifetime of more than ten years. “We are excited to celebrate this successful milestone of RDX technology, crafted from our combined history of innovation and performance reliability,” said Randy Gast, President of Storage and COO for Sphere 3D. “The past 10 years could not have been possible without the dedication and consistency of our employees, partners and customers. We look forward to continue working together to pursue the growing demand that we see in areas like professional workflow, archive solutions, and hybrid clouds, as well as from vertical markets like media and entertainment.” “The Tandberg team is delighted to celebrate this remarkable 10 year milestone of RDX technology in the long-term storage, archive and backup market. With more than 4 million devices deployed worldwide, RDX has shown leadership in the area of removable and transportable business-grade media,” said Hugo Bergmann, product line manager RDX storage and software solutions at Tandberg Data.  It’s an honor that RDX has been utilized and trusted by hundreds of thousands of businesses using it for daily storage and archiving of critical business data.” For information about RDX, please see visit our commemorative 10th anniversary website at this link and check out a recent blog post at this link giving more details on RDX technology’s impact on the storage industry over the years. About RDX Technology The patented RDX series provides scalability, centralized management, is encryption and duplication capable, and reliability for backup, archive, data interchange and disaster recovery. RDX provides enterprise performance and fast access, with transfer rates of up to 1188 GB per hour and capacities up to 4TB per cartridge, plus future expansion to larger capacity media enabled by Sphere 3D’s breakthrough RDX technology while maintaining the full backward compatibility to legacy RDX products. Tandberg Data’s RDX QuikStor is available as an external desktop or internal server drive with SATA III, USB 3.0 or USB3 connectivity. RDX QuikStation™ 4 and RDX QuikStation 8 are rackmount and removable disk appliances for SMBs, offering 1 GbE or 10 GbE iSCSI connectivity and an online capacity of up to 32 TB. RDX HDD media are available in the range between 500 GB and 4 TB, RDX SSD media up to 256 GB and RDX WORM media with 500 GB and 1 TB. All RDX media capacities are fully forward and backward compatible. About Tandberg Data Tandberg Data is a wholly owned subsidiary of Sphere 3D Corp. (NASDAQ:ANY) which delivers data management and desktop and application virtualization solutions via hybrid Cloud, Cloud and on-premises implementations through its global reseller network.  Sphere 3D, along with its wholly owned subsidiaries, Overland Storage and Tandberg Data, has a strong portfolio of brands, including HVE ConneXions and UCX ConneXions, dedicated to helping customers achieve their IT goals. For more information, visit www.sphere3d.com. Follow us on Twitter @Sphere3D, @overlandstorage, and @tandbergdata. Safe Harbor Statement This press release contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties including our inability to comply with the covenants in our credit facilities or to obtain additional debt or equity financing; any increase in our future cash needs; our ability to successfully integrate the UCX and HVE ConneXions business with Sphere 3D's other businesses;  our ability to regain compliance with the NASDAQ minimum closing bid price requirement between now and July 31, 2017; our inability to take other actions to regain compliance with the NASDAQ minimum closing bid price requirement; our ability to maintain compliance with other NASDAQ Capital Market listing requirements; unforeseen changes in the course of Sphere 3D’s business or the business of its wholly-owned subsidiaries, including, without limitation, Overland Storage and Tandberg Data; market adoption and performance of our products; the level of success of our collaborations and business partnerships; possible actions by customers, partners, suppliers, competitors or regulatory authorities; and other risks detailed from time to time in Sphere 3D’s periodic reports contained in our Annual Information Form and other filings with Canadian securities regulators (www.sedar.com) and in prior periodic reports filed with the United States Securities and Exchange Commission (www.sec.gov). Sphere 3D undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law. 1 https://www.lifewire.com/terabytes-gigabytes-amp-petabytes-how-big-are-they-4125169

Europe Corporate Contact:

Tandberg Data GmbH, Feldstraße 81, D-44141 Dortmund

Anja Scholl, Channel Marketing Manager EMEA

Tel: 49-231-5436-227, E-Mail: [email protected]

Europe Media Contact:

Konzept PR GmbH, Leonhardsberg 3, 86150 Augsburg

Michael Baumann, Tel: 49-821-34300-16, E-Mail: [email protected]

Read more...
Sphere 3D Provides Corporate Update

SAN JOSE, Calif., March 13, 2017 (GLOBE NEWSWIRE) -- Sphere 3D Corp. (NASDAQ:ANY), a containerization, virtualization and data management solutions provider, today is providing the following corporate update and preliminary financial results for FY 2016:    
The Company has been focused on a number of initiatives to drive growth, streamline operations and improve operational efficiencies over the last 24 months with significant progress having been made.  Some preliminary financial metrics to support the Company’s commitment to operational efficiency include the following: Net revenue for the fourth quarter of 2016 is anticipated to be approximately $18.7 million, which is slightly higher than net revenue for the third quarter of 2016.

Operating expenses have decreased significantly since the first quarter of 2015, which was the first full quarter after the merger of Overland and Sphere 3D.  These operating expenses decreased from $13.6 million in the first quarter of 2015 to an estimated $10.8 million in the fourth quarter of 2016.  Operating expenses include non-cash share-based compensation of $0.7 million in the first quarter of 2015 and $1.6 million in the fourth quarter of 2016.  This reflects a reduction of more than 28% when excluding the share based compensation.  Operating expenses were also down when compared to the third quarter of 2016, which were $47.8 million including non-cash share-based compensation of $2.6 million and $34.4 million of goodwill and acquired intangible asset impairment. 

Cash used in operations in the second half of 2016 was below $4 million, and is expected to be less than $2 million in Q4 2016, compared to $13.8 million in the first half of 2016.

There has been a global headcount reduction of approximately 120 people from December 2014 through December 2016.  This represents a 26% reduction of non-factory headcount since the merger with Overland in December 2014 and a 23% reduction in factory headcount in that same period.

Additional reductions took place in February 2017 to eliminate redundancies from the acquisition of HVE ConneXions (HVE) and Unified ConneXions (UCX). Final detailed financial results for the fiscal year ended 2016 will be contained in the Company’s Annual Report on Form 20-F, which will be filed with the SEC prior to April 30, 2017. To achieve the Company’s goals of driving revenue growth and profitability, a number of operational changes, as well as product rationalization decisions, have been made. To assist in this transformation, the Company entered into strategic acquisitions and partnerships to unlock some of the potential within its virtualization product portfolio.  The Company’s recent acquisition of HVE and UCX was completed in January 2017.   Prior to this acquisition, in the calendar year of 2016, HVE and UCX had combined revenue of over $7 million.  Since the HVE / UCX acquisition, the Company has divided itself into two business groups:  One focused on its foundational storage business and the second focused on its virtualization product portfolio.  The Company believes this organizational change facilitates added focus on each product portfolio and its respective unique go-to-market approach, while maintaining the benefit of the Company’s significant reseller and distributor base across all product lines. As previously announced, Mr. Randy Gast is the President of Storage and COO for Sphere 3D. To support the establishment of this Storage group, the Company is combining the Overland Storage and Tandberg Data brands into a new unified marketing brand of “Overland-Tandberg.” The Company has also rolled out a rationalized storage product portfolio that not only provides operational efficiencies, but a renewed emphasis on its products with the most significant market acceptance and opportunity for immediate growth, namely the RDX® removable disk, SnapServer® network attached storage and NEO® tape automation and archive.  With respect to the Virtualization group, Joseph L. O’Daniel, previously president and CEO of UCX, has taken on the role of President of  Virtualization and Professional Services for Sphere 3D. In addition to the strong leadership that has joined Sphere 3D from HVE and UCX, the Company now has the critical mass and the necessary skillset required to unlock the potential for many of its key virtualization technologies.  Going forward the Company intends to provide converged and hyperconverged infrastructure to the marketplace under the HVE brand. The Company will be incorporating certain V3 technologies, including Desktop Cloud Orchestrator™ (DCO), Optimized Desktop Allocation (ODA) and Autonomous Resource Scheduling (ARS), within the HVE offering. Whereas the V3 product line was optimized and focused strictly on Virtual Desktop Infrastructure (VDI), through HVE, the Company has expanded its offering to include optimized and customer proven technologies for server and network virtualization as well as all flash storage appliances.  Combining these technologies will allow Sphere 3D to provide the only true Distributed Desktop Hyperconverged offering and strengthen its competitive profile. In addition to the product synergies of HVE and V3, the Company intends to streamline the go-to-market approach of its proprietary container technology for delivering Microsoft end-user computing applications. Glassware 2.0™ technology will be available in a simple, standardized virtualization appliance format, currently in beta, that can be run on a VMware virtual machine (VM). This new level of deployment flexibility allows for the delivery of container solutions for legacy applications without requiring specific hardware to support Glassware 2.0-based implementations. Sphere 3D continues to work closely with a number of technology leaders to assist in its go-to-market initiatives. For example, Microsoft recently completed its second advertising and lead generation campaign showcasing Glassware 2.0, which is currently available in the Microsoft Azure Marketplace and through a preconfigured hyperconverged appliance. The Company is working with existing partners including Huawei, Microsoft, NVIDIA, Veeam, and VMware on joint marketing, technology and sales initiatives to promote joint solutions for digital transformation to customers. The Company is also working with a number of new partners and will showcase some of those new technology partnerships over the coming quarters. The Company is assessing all opportunities and strategic alternatives that could help increase shareholder value. As such, the Company is in discussions with financial advisors to assist in this process. In addition, given the significant changes at Sphere 3D, the Company is actively seeking additional directors for its board to help guide the Company as it completes its transformation. About Sphere 3D
Sphere 3D Corp. (NASDAQ:ANY) delivers containerization, virtualization, and data management solutions via hybrid cloud, cloud and on-premises implementations through its global reseller network and professional services organization. Sphere 3D, along with its wholly owned subsidiaries, Overland Storage and Tandberg Data, has a strong portfolio of brands, including HVE ConneXions and UCX ConneXions, dedicated to helping customers achieve their IT goals. For more information, visit www.sphere3d.com. Follow us on Twitter @Sphere3D, @overlandstorage, and @tandbergdata. Safe Harbor Statement This press release contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties including our inability to obtain additional debt or equity financing; our inability to comply with the covenants in our credit facilities; any increase in our future cash needs; our ability to successfully integrate the UCX and HVE business with Sphere 3D's other businesses;  our ability to regain compliance with the NASDAQ minimum closing bid price requirement between now and July 31, 2017; our inability to take other actions to regain compliance with the NASDAQ minimum closing bid price requirement; our ability to maintain compliance with other NASDAQ Capital Market listing requirements; unforeseen changes in the course of Sphere 3D’s business or the business of its wholly-owned subsidiaries, including, without limitation, Overland Storage and Tandberg Data; market adoption and performance of our products; the level of success of our collaborations and business partnerships; possible actions by customers, partners, suppliers, competitors or regulatory authorities; and other risks detailed from time to time in Sphere 3D’s periodic reports contained in our Annual Information Form and other filings with Canadian securities regulators (www.sedar.com) and in prior periodic reports filed with the United States Securities and Exchange Commission (www.sec.gov). Sphere 3D undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Investor Contact:
The Blueshirt Group
Mike Bishop
Tel: 1 415-217-4968
[email protected]

Lauren Sloane
Tel: 415-217-2632
[email protected]

Read more...

Ratios

vs
industry
vs
history
PB Ratio 0.59
ANY's PB Ratio is ranked higher than
95% of the 1789 Companies
in the Global Software - Application industry.

( Industry Median: 2.97 vs. ANY: 0.59 )
Ranked among companies with meaningful PB Ratio only.
ANY' s PB Ratio Range Over the Past 10 Years
Min: 0.52  Med: 1.53 Max: 13.52
Current: 0.59
0.52
13.52
PS Ratio 0.11
ANY's PS Ratio is ranked higher than
99% of the 1780 Companies
in the Global Software - Application industry.

( Industry Median: 2.34 vs. ANY: 0.11 )
Ranked among companies with meaningful PS Ratio only.
ANY' s PS Ratio Range Over the Past 10 Years
Min: 0.09  Med: 1.36 Max: 207.62
Current: 0.11
0.09
207.62
EV-to-EBIT -0.96
ANY's EV-to-EBIT is ranked lower than
99.99% of the 1770 Companies
in the Global Software - Application industry.

( Industry Median: 17.68 vs. ANY: -0.96 )
Ranked among companies with meaningful EV-to-EBIT only.
ANY' s EV-to-EBIT Range Over the Past 10 Years
Min: -54.2  Med: -4.1 Max: -0.8
Current: -0.96
-54.2
-0.8
EV-to-EBITDA -1.04
ANY's EV-to-EBITDA is ranked lower than
99.99% of the 1910 Companies
in the Global Software - Application industry.

( Industry Median: 13.76 vs. ANY: -1.04 )
Ranked among companies with meaningful EV-to-EBITDA only.
ANY' s EV-to-EBITDA Range Over the Past 10 Years
Min: -58.3  Med: -5.2 Max: -0.8
Current: -1.04
-58.3
-0.8
Current Ratio 0.71
ANY's Current Ratio is ranked lower than
79% of the 1750 Companies
in the Global Software - Application industry.

( Industry Median: 1.94 vs. ANY: 0.71 )
Ranked among companies with meaningful Current Ratio only.
ANY' s Current Ratio Range Over the Past 10 Years
Min: 0.71  Med: 5.76 Max: 25.8
Current: 0.71
0.71
25.8
Quick Ratio 0.47
ANY's Quick Ratio is ranked lower than
90% of the 1750 Companies
in the Global Software - Application industry.

( Industry Median: 1.79 vs. ANY: 0.47 )
Ranked among companies with meaningful Quick Ratio only.
ANY' s Quick Ratio Range Over the Past 10 Years
Min: 0.47  Med: 5.76 Max: 25.8
Current: 0.47
0.47
25.8
Days Inventory 74.91
ANY's Days Inventory is ranked lower than
82% of the 1086 Companies
in the Global Software - Application industry.

( Industry Median: 18.20 vs. ANY: 74.91 )
Ranked among companies with meaningful Days Inventory only.
ANY' s Days Inventory Range Over the Past 10 Years
Min: 72.01  Med: 72.47 Max: 225.83
Current: 74.91
72.01
225.83
Days Sales Outstanding 55.38
ANY's Days Sales Outstanding is ranked higher than
70% of the 1492 Companies
in the Global Software - Application industry.

( Industry Median: 68.98 vs. ANY: 55.38 )
Ranked among companies with meaningful Days Sales Outstanding only.
ANY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.38  Med: 64.22 Max: 419.71
Current: 55.38
55.38
419.71
Days Payable 71.31
ANY's Days Payable is ranked higher than
62% of the 1330 Companies
in the Global Software - Application industry.

( Industry Median: 43.37 vs. ANY: 71.31 )
Ranked among companies with meaningful Days Payable only.
ANY' s Days Payable Range Over the Past 10 Years
Min: 71.31  Med: 73.99 Max: 435.77
Current: 71.31
71.31
435.77

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -47.10
ANY's 3-Year Average Share Buyback Ratio is ranked lower than
98% of the 1148 Companies
in the Global Software - Application industry.

( Industry Median: -2.60 vs. ANY: -47.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ANY' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -146.2  Med: -68.75 Max: 0
Current: -47.1
-146.2
0

Valuation & Return

vs
industry
vs
history
Price-to-Median-PS-Value 0.09
ANY's Price-to-Median-PS-Value is ranked higher than
99% of the 1498 Companies
in the Global Software - Application industry.

( Industry Median: 1.15 vs. ANY: 0.09 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
ANY' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.08  Med: 0.54 Max: 6.82
Current: 0.09
0.08
6.82
Earnings Yield (Greenblatt) % -104.04
ANY's Earnings Yield (Greenblatt) % is ranked lower than
98% of the 2521 Companies
in the Global Software - Application industry.

( Industry Median: 3.23 vs. ANY: -104.04 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ANY' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -148.84  Med: 0 Max: 0
Current: -104.04
-148.84
0

More Statistics

Revenue (TTM) (Mil) $76.39
EPS (TTM) $ -1.35
Beta2.92
Short Percentage of Float2.08%
52-Week Range $0.16 - 1.33
Shares Outstanding (Mil)102.57
» More Articles for ANY

Headlines

Articles On GuruFocus.com
Sphere 3D to Announce First Quarter Fiscal Year 2017 Financial Results Apr 20 2017 
Sphere 3D Corp. Appoints Cheemin Bo-Linn to Board of Directors Apr 19 2017 
Sphere 3D Awarded Contract Valued at Approximately $3 Million Mar 30 2017 
Sphere 3D Closes Direct Equity Offering and Concurrent Private Placement Mar 29 2017 
Sphere 3D Announces Registered Direct Equity Offering and Concurrent Private Placement Mar 24 2017 
The Beck Group Implements Graphic Intensive VDI Deployment with HVE Solution from Sphere 3D Mar 23 2017 
Tandberg Data’s RDX Technology Celebrates a Decade of Long-Term Storage Success Mar 23 2017 
Sphere 3D Provides Corporate Update Mar 13 2017 
Sphere 3D to Participate at ROTH Datacenter Technology Corporate Access Day in San Francisco on Sept Sep 08 2015 
Sphere 3D Launches "Let's Get Smart on Technology" Targeting Small and Medium Sized Businesses Aug 20 2015 

More From Other Websites
Sphere 3D to Announce First Quarter Fiscal Year 2017 Financial Results Apr 20 2017
Sphere 3D Corp. Appoints Cheemin Bo-Linn to Board of Directors Apr 19 2017
Sphere 3D Corp. :ANY-US: Earnings Analysis: Q4, 2016 By the Numbers : April 7, 2017 Apr 07 2017
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Sphere 3D reports 4Q loss Mar 31 2017
Sphere 3D Reports Fourth Quarter and Fiscal Year 2016 Financial Results Mar 31 2017
Sphere 3D Awarded Contract Valued at Approximately $3 Million Mar 30 2017
Sphere 3D Closes Direct Equity Offering and Concurrent Private Placement Mar 29 2017
Sphere 3D Announces Registered Direct Equity Offering and Concurrent Private Placement Mar 24 2017
The Beck Group Implements Graphic Intensive VDI Deployment with HVE Solution from Sphere 3D Mar 23 2017
Tandberg Data’s RDX Technology Celebrates a Decade of Long-Term Storage Success Mar 22 2017
Sphere 3D Provides Corporate Update Mar 13 2017
Top 5 Technology Penny Stocks to Watch for 2017 Mar 02 2017
Sphere 3D’s HVE Technology Selected by Award Winning Texas Spine and Joint Hospital Feb 23 2017
Alcorn State University Selects Sphere 3D’s HVE for Initial Journey into Desktop Virtualization Feb 06 2017
Sphere 3D Granted Six Month Extension by NASDAQ Feb 01 2017
Biloxi Public School District Selects HVE for Desktop Virtualization Jan 31 2017
Sphere 3D Completes Acquisitions of HVE and Unified ConneXions Jan 30 2017

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