Sphere 3D Corp. (ANY)

[Hugodrax]

It's not that difficult.

Revenue was about $18.5M last Q and declining at a rate of about 8-10% quarter over quarter. I think the storage biz is still shrinking so absent the Imation deal I put it around $17M for Q3 and $16M for Q4. Imation did something like $14.5M annualized, and likely shrinking also, so ballpark $12M annualized or $3M/Q, which means they will be lucky to hit $20M in Q3 and $19M in Q4. I think "Glassware" and "Snapcloud" sales will be negligible. SnapCloud in particular if there is any traction I expect it to be low margin and cannibalize some of their shrinking SnapSperver business.

Hence "lucky" to hit $18-20M in Q4. Throw in added FX headwinds for gravy.

I don't need to answer silly questions to make a ballpark estimate. What I do know is that this company is burning through $5-7M per Q of money they don't have.

IMHO

Don't blame me for the stock being in the $1s. All I did was warn you.