Company: ANY
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001591956-25-000006
Chunk: 3

Company: Sphere 3D Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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606 1,821 Loss on disposal of property and equipment808 — Change in fair value of Bitcoin228 (768)Total operating costs and expenses8,005 8,812 Loss from operations(5,188)(1,866)Other income (expense):Investment loss(3,650)(2,740)Other income, net53 129 Net loss$(8,785)$(4,477)Net loss per share:Basic$(0.32)$(0.27)Diluted$(0.32)$(0.27)Shares used in computing net loss per share:Basic27,204,351 16,576,914 Diluted27,204,351 16,576,914 

See accompanying notes to condensed consolidated financial statements.

2

Sphere 3D Corp.

Condensed Consolidated Statements of Comprehensive Loss

(in thousands of U.S. dollars)

(unaudited)

Three MonthsEnded March 31,20252024Net loss$(8,785)$(4,477)Other comprehensive loss:Foreign currency translation adjustment(3)(3)Total other comprehensive loss(3)(3)Comprehensive loss$(8,788)$(4,480)

See accompanying notes to condensed consolidated financial statements.

3

Sphere 3D Corp.

Condensed Consolidated Statements of Shareholders’ Equity

(in thousands of U.S. dollars, except shares)

(unaudited)

Common SharesAccumulatedOtherComprehensiveLossAccumulatedDeficitTotalShareholders'EquitySharesAmountBalance at January 1, 202525,453,327 $497,957 $(1,821)$(456,821)$39,315 Issuance of common shares210,448 108 — — 108 Issuance of common shares pursuant to vesting of restricted      stock  units, net of shares withheld for income taxes7,507 — — — — Exercise of warrants507,000 — — — — Share-based compensation— 71 — — 71 Other comprehensive loss— — (3)— (3)Net loss— — — (8,785)(8,785)Balance at March 31, 202526,178,282 $498,136 $(1,824)$(465,606)$30,706 

Common SharesAccumulatedOtherComprehensiveLossAccum