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Sphere 3d | 10-Q: Q2 2024 Earnings Report

Sphere 3d | 10-Q: Q2 2024 Earnings Report

Sphere 3d | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/14 04:25

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Sphere 3D Corp. reported Q2 2024 financial results with total revenue of $4.7 million, down from $5.5 million in Q2 2023. The decrease was primarily due to the Bitcoin halving event in April 2024 and miner relocation impacts, partially offset by higher Bitcoin prices. The company posted a net income of $2.1 million compared to a net loss of $4.8 million in the prior year period.Operating costs totaled $10.4 million, including $3.9 million in mining costs and $3.0 million in general and administrative expenses. The company recorded an unrealized gain of $7.3 million on investment in equity securities and a $0.7 million loss on disposal of mining equipment. As of June 30, 2024, Sphere 3D owned approximately 13,100 miners with 11,400 in service.The company ended the quarter with $4.3 million in cash and working capital of $13.3 million. Management noted substantial doubt about continuing as a going concern within 12 months without additional funding, citing recurring losses and negative cash flows. Sphere 3D plans to refresh its mining fleet with newer generation machines to improve efficiency and is exploring options to lower mining costs.
Sphere 3D Corp. reported Q2 2024 financial results with total revenue of $4.7 million, down from $5.5 million in Q2 2023. The decrease was primarily due to the Bitcoin halving event in April 2024 and miner relocation impacts, partially offset by higher Bitcoin prices. The company posted a net income of $2.1 million compared to a net loss of $4.8 million in the prior year period.Operating costs totaled $10.4 million, including $3.9 million in mining costs and $3.0 million in general and administrative expenses. The company recorded an unrealized gain of $7.3 million on investment in equity securities and a $0.7 million loss on disposal of mining equipment. As of June 30, 2024, Sphere 3D owned approximately 13,100 miners with 11,400 in service.The company ended the quarter with $4.3 million in cash and working capital of $13.3 million. Management noted substantial doubt about continuing as a going concern within 12 months without additional funding, citing recurring losses and negative cash flows. Sphere 3D plans to refresh its mining fleet with newer generation machines to improve efficiency and is exploring options to lower mining costs.
Sphere 3D 公司公布了 2024 年第二季度财务结果,营业收入为 470万美元,较 2023 年第二季度的 550万美元下降。这一下降主要是由于 2024 年 4 月的比特币减半事件以及矿工迁移的影响,但部分被比特币价格上涨所抵消。该公司公布的净利润为 210万美元,而上一年同期为净亏损 480万美元。运营成本总计为 1040万美元,其中包括 390万美元的矿业成本和 300万美元的管理和行政费用。该公司在股权证券投资中记录了 730万美元的未实现收益,并因处置矿山设备而损失 70万美元。截止到 2024 年 6 月 30 日,Sphere 3D 拥有大约 13,100 台矿机,其中 ...展开全部
Sphere 3D 公司公布了 2024 年第二季度财务结果,营业收入为 470万美元,较 2023 年第二季度的 550万美元下降。这一下降主要是由于 2024 年 4 月的比特币减半事件以及矿工迁移的影响,但部分被比特币价格上涨所抵消。该公司公布的净利润为 210万美元,而上一年同期为净亏损 480万美元。运营成本总计为 1040万美元,其中包括 390万美元的矿业成本和 300万美元的管理和行政费用。该公司在股权证券投资中记录了 730万美元的未实现收益,并因处置矿山设备而损失 70万美元。截止到 2024 年 6 月 30 日,Sphere 3D 拥有大约 13,100 台矿机,其中 11,400 台在运作。该公司在本季度结束时,现金为 430万美元,营运资金为 1330万美元。管理层表示,如果没有额外资金,未来 12 个月将继续作为持续经营存在的可能性存在重大怀疑,引用了经常性亏损和负现金流。Sphere 3D 计划通过更新一代的设备来更新其矿机,以提高效率,并正在探索降低矿业成本的期权。
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