Sphere 3D Reports Third Quarter Fiscal Year 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - November 16, 2020) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its third quarter ended September 30, 2020. Third Quarter 2020 Financial Results:Our results for third quarter 2020 were as follows:Revenue for the third quarter of 2020 was $0.9 million, compared to $1.4 million for the third quarter of 2019.Gross margin for third quarter of 2020 was 60.0%, compared...
2020-11-16 5:22 PM EST
Sphere 3D Merger Target Rainmaker Worldwide Announced Today the Signing of a Joint Venture with the Carlaw Group Ltd. to Provide Water to Kenya, Senegal, Sierra Leone and Togo
Toronto, Ontario--(Newsfile Corp. - October 8, 2020) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") reports that it's merger target,- Rainmaker Worldwide Inc. (OTC: RAKR), today announced a Joint Venture ("JV") with the Carlaw Group Ltd. ("Carlaw"). Carlaw and partners have been operating mission critical infrastructure projects in Africa since 2006. This expertise will complement Rainmaker as it deploys its innovative Air-to-Water technology to bring water on-demand to communities lacking access to environmentally safe drinking water.The JV...
2020-10-08 8:45 AM EDT
Sphere 3D Announces Developments in Rainmaker Merger
Companies Adjust Merger Exchange Ratio to Better Reflect Current Market ValuationsSphere 3D enters into SPA for investment of $3 millionSphere 3D to provide funding to Rainmaker to sustain Rainmaker Growth InitiativesToronto, Ontario and Peterborough, Ontario--(Newsfile Corp. - September 14, 2020) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or "the Company") today announced a number of developments to the Rainmaker Merger.Sphere 3D and Rainmaker Worldwide Inc. (OTC Pink: RAKR) ("Rainmaker") previously announced that they entered into a definitive merger...
2020-09-14 9:00 AM EDT
Former GE Executive Aris Kekedjian to Join Sphere 3D Corp. as Chairman Upon Completion of Rainmaker Transaction
Toronto, Ontario--(Newsfile Corp. - August 18, 2020) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today that Aris Kekedjian, the former Chief Investment Officer of The General Electric Company, has agreed to accept an appointment to the board of directors, and to act as Chairman of the Company, upon completion of its pending merger with Rainmaker Worldwide Inc. (OTC Pink: RAKR) ("Rainmaker"), which is expected to close in the third quarter of this year. Peter...
2020-08-18 9:00 AM EDT
Sphere 3D Reports Second Quarter Fiscal Year 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - August 14, 2020) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its second quarter ended June 30, 2020. Second Quarter 2020 Financial Results: Our results for second quarter 2020 were as follows: ...
2020-08-14 5:12 PM EDT
Sphere 3D Enters Agreement for Acquisition of a Commercial Water-as-a-Service Supplier
Toronto, Ontario--(Newsfile Corp. - August 4, 2020) - Sphere 3D Corporation (NASDAQ: ANY) ("Sphere 3D" or the "Company") today announced that it has entered into an agreement to acquire 100% of the outstanding shares of 101250 Investment Limited. ("101250"), a Turks and Caicos Islands water partner of Rainmaker Worldwide Inc. (OTC: RAKR). 101250 has exclusive rights to deliver the Rainmaker water solution to three island communities - Plantation Hills, Blue Sky and Village Estates (the "Developments"). 101250 owns 75% of...
2020-08-04 8:00 AM EDT
Sphere 3D Announces Acquisition of Rainmaker Worldwide
Toronto, Ontario--(Newsfile Corp. - July 15, 2020) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D") today announced that it has entered into a definitive merger agreement pursuant to which it will acquire all of the outstanding securities of Rainmaker Worldwide Inc. (OTC Pink: RAKR) ("Rainmaker"), a global Water-as-a-Service (WaaS) provider. Upon closing, Sphere 3D's name will change to Rainmaker Worldwide Inc., and its business model will focus on Water-as-a-Service. Rainmaker management will assume leadership of the combined entity. Sphere...
2020-07-15 7:30 AM EDT
Sphere 3D Reports First Quarter Fiscal Year 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - June 24, 2020) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its first quarter ended March 31, 2020. First Quarter 2020 Financial Results:Our results for first quarter 2020 were as follows:Net revenue for the first quarter of 2020 was $1.0 million, compared to $2.1 million for the first quarter of 2019.Gross margin for first quarter of 2020 was 45.8%,...
2020-06-24 6:23 PM EDT
Sphere 3D Regains Nasdaq Compliance
San Diego, California--(Newsfile Corp. - May 20, 2020) - Sphere 3D Corp. (NASDAQ: ANY), a company delivering containerization, virtualization, and data management solutions, announced today that on May 19, 2020 it received written notification from The Nasdaq Stock Market LLC informing the company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) to maintain a minimum bid price of $1.00 per share and that this matter is now closed.About Sphere 3DSphere 3D Corp. (NASDAQ: ANY) delivers containerization, virtualization,...
2020-05-20 11:47 AM EDT
Sphere 3D Secures $11 Million Equity Line
San Diego, California--(Newsfile Corp. - May 18, 2020) - Sphere 3D Corp. (NASDAQ: ANY), a company delivering containerization, virtualization, and data management solutions, today announced that it entered into an $11 million equity purchase agreement and registration rights agreement with Oasis Capital, LLC, a Puerto Rico limited liability company ("Oasis Capital"), to purchase from the Company up to Eleven Million Dollars ($11,000,000.00) of the Company's Common Stock.Under the purchase agreement, Sphere 3D has the right to sell up to $11...
2020-05-18 8:00 AM EDT
Sphere 3D Corp. Interim Filings Update
Toronto, Ontario--(Newsfile Corp. - May 14, 2020) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere"), a company delivering containerization, virtualization, and data management solutions, today announced that it will be delaying the filing of its interim financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications for the three months ended March 31, 2020 (collectively "Q1 Filings"). On March 18, 2020, the Canadian Securities Administrators ("CSA") announced that they will provide issuers with a...
2020-05-14 5:00 PM EDT
Sphere 3D Reports Fiscal Year 2019 Financial Results
San Jose, California--(Newsfile Corp. - May 13, 2020) - Sphere 3D Corp. (NASDAQ: ANY), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its year ended December 31, 2019. Fiscal Year Financial Results:On November 13, 2018, the Company closed the divestiture of its Overland subsidiary and related business. Beginning in the fourth quarter of 2018, the financial results of Overland for fiscal years 2019 and 2018 have been reflected in the Company's consolidated statements...
2020-05-13 6:37 PM EDT
Sphere 3D Corp. Annual Filings Update
Toronto, Ontario--(Newsfile Corp. - March 30, 2020) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere"), a company delivering containerization, virtualization, and data management solutions, today announced that it will be delaying the filing of its annual financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications for the financial year ended December 31, 2019 (collectively "Annual Filings"). On March 18, 2020, the Canadian Securities Administrators ("CSA") announced that they will provide issuers with...
2020-03-30 7:00 AM EDT
Sphere 3D to Present at LD Micro Conference
San Jose, California--(Newsfile Corp. - May 30, 2017) - Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization and data management solution provider, today announced that the company will present at the LD Micro Invitational Conference on June 6, 2017 at the Luxe Sunset Hotel, Los Angeles, CA. The presentation is scheduled to begin at 12:00 p.m. Pacific Time (3:00 p.m. Eastern Time). Interested parties unable to attend the conference, can access the presentation, which will be posted on Sphere 3D's...
2017-05-30 4:15 PM EDT
Sphere 3D Announces Date for Special Shareholder Meeting
San Jose, California--(Newsfile Corp. - May 15, 2017) - Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization, and data management solutions provider, today announced that it has scheduled a special shareholder's meeting on June 27, 2017 (the "Special Meeting") in San Jose, California, to start at 9:00 am Pacific time. The Company also announced that its board of directors ("Board") has adopted a by-law relating to the advance nomination of directors of the Company (the "Advance Notice By-Law") as...
2017-05-15 8:30 AM EDT
Sphere 3D Reports First Quarter Fiscal Year 2017 Financial Results
San Jose, California--(Newsfile Corp. - May 11, 2017) - Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization, and data management solutions provider, today reported financial results for its first quarter ended March 31, 2017. "This quarter we continued to see the results from the strategic initiatives we implemented in the second half of 2016," said Eric Kelly, chairman and chief executive officer of Sphere 3D. "Through the restructuring and execution on the virtualization strategy, specifically through our acquisition...
2017-05-11 4:05 PM EDT
Sphere 3D's HVE VDI Technology Selected by Gollob Morgan Peddy, Certified Public Accountants
San Jose, California--(Newsfile Corp. - April 27, 2017) - Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization, and data management solutions provider, today announced that Gollob Morgan Peddy PC has selected the company's HVE technology for a complete VDI expansion through authorized reseller, Cynergy Technology.The IT departments of today's CPA firms face multiple challenges including changing regulations, tax laws, cyber-security, compliance, data retention, and software solutions that meet growing customer requirements. Rapidly changing updates to tax laws, forms, and software...
2017-04-27 8:00 AM EDT
Sphere 3D to Announce First Quarter Fiscal Year 2017 Financial Results
San Jose, California--(Newsfile Corp. - April 20, 2017) - Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization and data management solutions provider, today announced that it will report financial results for its first quarter fiscal year 2017 on Thursday, May 11, 2017 after the market closes. The Company will host a conference call and webcast at 2:00 p.m. Pacific (5:00 p.m. Eastern) on the same day to discuss the results.What: Sphere 3D first quarter fiscal year 2017 financial results conference call.When: Thursday, May...
2017-04-20 7:30 AM EDT
Sphere 3D Corp. Appoints Cheemin Bo-Linn to Board of Directors
San Jose, California--(Newsfile Corp. - April 19, 2017) - Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization, and data management solutions provider, today announced the appointment of Cheemin Bo-Linn, Ed.D. to the Company's Board of Directors. Sphere 3D's directors voted unanimously to elect Dr. Cheemin Bo-Linn to the Company's Board. She has been appointed as the Chairperson of the Board's Audit Committee, and will also serve as a member of both the Compensation and the Nominating and...
2017-04-19 4:55 PM EDT
Sphere 3D Reports Fourth Quarter and Fiscal Year 2016 Financial Results
San Jose, California--(Newsfile Corp. - March 31, 2017) - Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization, and data management solutions provider, today reported financial results for its fourth quarter and fiscal year ended December 31, 2016. “In the fall of 2016 we articulated a plan to provide for a solid foundation for growth,” said Eric Kelly, chairman and chief executive officer of Sphere 3D. “Since then we have steadily executed to achieve strategic milestones, including the cost rationalization we...
2017-03-31 7:00 AM EDT