Brief: Sphere 3D Reports Second Quarter 2022 Financial Results And Operational Updates

Darkhorse Technologies

12/08/2022 22:48

Aug 12 (Reuters) - Sphere 3D Corp  ANY.O :
    * SPHERE 3D REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS
AND
OPERATIONAL UPDATES
    * Q2 LOSS PER SHARE $0.62
    * Q2 REVENUE $1.9 MILLION
    * WILL NOT TAKE ON LONG-TERM DEBT OR INITIATE AN EQUITY
RAISE TO
FUND PURCHASE OF ADDITIONAL MINERS IN 2022
    * IT WAS DETERMINED PRUDENT TO MAINTAIN A CONSERVATIVE
CAPITAL
STRATEGY AND REMAIN DEBT-FREE UNTIL MARKET CONDITIONS IMPROVE.
    * SPHERE 3D- ACTIVELY EXPLORING OPTIONS FOR FINANCING
BALANCE OF
MINERS COMPRISING UNFUNDED MINERS ACQUIRED FROM BITMAIN AS
ANNOUNCED IN SEPTEMBER 2021

Source text for Eikon:  ID:nBw94ztlta 
Further company coverage:  ANY.O 

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