Sphere 3D(ANY)2025-03-28 21:09Financial Performance - Sphere 3D generated revenues of 21.9 million in fiscal year 2023, reflecting a revenue drop of approximately 24%[10] - Operating costs and expenses decreased to 51.9 million in fiscal year 2023, representing a reduction of about 27%[10] - The net loss attributable to common shareholders for fiscal year 2024 was 0.48 per share, compared to a net loss of 1.93 per share in fiscal year 2023, indicating an improvement of approximately 60%[10] Assets and Cash Position - The total assets of Sphere 3D as of December 31, 2024, were 45.7 million in 2023[15] - The company’s cash and cash equivalents increased to 586,000 in 2023[15] Bitcoin Mining Operations - As of December 31, 2024, the company had a self-mined Bitcoin balance of 14.9 Bitcoin, with a carrying value of approximately 1.42 per share[4] - The company reached a settlement agreement with Core Scientific for $10.0 million of Core Scientific's equity as part of its emergence from bankruptcy[4] - Sphere 3D's new hosting site in Iowa was fully energized in March 2025, marking a significant step towards vertical integration[10]