Sphere 3D Corp. (ANY)

[viking86]

If Glassware revenue is near zero what kind of price/sales ratio do you think makes sense?

Here is a conservative answer based on an "apples with apples" comparison with another emerging company in the same sector.

ANY reported a rev of over 20 M (not near zero as you stated) in Q1'15, its first quarter as a combined company, a run rate of 80M. I expect it to easily exceed its projected run rate target of 160M in Q4'15 which will be its 4th quarter of monetization. For comparison, Nutanix reported a rev of approx 50M, a run rate of 200 M, in Aug last year and is valued today at 2 Bil, That's a P/S of 10 after 11 quarters of monetization. In a P/S valuation method (where earnings is irrelevant), it's the rate of rev growth that mainly determines the value of P/S the market assigns to a stock, just like it's the rate of earnings growth (or PEG) that determines the value of P/E the market assigns to the stock of slow-growth, more mature companies. What do you think ANY will be valued at by this time next year (after merely 5 quarters of monetization as a combined company) when its rev run rate will be well above 200 M, implying a rev growth rate of at least twice that of Nutanix? I would think a P/S of 10 is a very conservative estimate. Based on an apples to apples basis.