Company: ANY
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001591956-25-000009
Chunk: 23

Company: Sphere 3D Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 could share in the earnings of an entity. The calculation of diluted net income (loss) per share gives effect to common share equivalents; however, potential common shares are excluded if their effect is anti-dilutive. Common share purchase warrants, preferred shares issued and outstanding, and options and RSUs outstanding are considered common share equivalents and are only included in the calculation of diluted earnings per common share when net income is reported and their effect is dilutive. A reconciliation of the numerators and denominators is as follows (in thousands, except share and per share amounts):Three MonthsEnded June 30,Six MonthsEnded June 30,2025202420252024Numerator:Net income (loss) available to common shareholders$1,667 $2,124 $(7,118)$(2,353)Denominator:Weighted average common shares outstanding for basic income (loss) per share27,700,956 18,711,718 27,454,024 17,644,315 Net effect of dilutive common share equivalents23,000 2,172,569 — — Weighted average common shares outstanding for diluted net income (loss) per share27,723,956 20,884,287 27,454,024 17,644,315 Net income (loss) per share:Basic$0.06 $0.11 $(0.26)$(0.13)Diluted$0.06 $0.10 $(0.26)$(0.13)Anti-dilutive common share equivalents excluded from the computation of diluted net income (loss) per share were as follows:Three MonthsEnded June 30,Six MonthsEnded June 30, 2025202420252024Common share purchase warrants8,918,988 5,842,354 8,918,988 5,842,354 Options and RSUs outstanding2,261,341 1,700,910 2,261,341 1,700,910 Preferred shares— — 23,000 2,172,569 

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12.Commitments and Contingencies

Hosting AgreementsIn April 2024, the Company entered into a Master Hosting Agreement with Simple Mining LLC (“Simple Mining”) for rack space, network services, electrical connections, routine facility maintenance, and technical support of certain of the Company’s mining equipment. On September 25, 2024, the Company entered into