Sphere 3D Corp. (ANY)

[struftepete1]

New info from the CC with regards to the earn-out:
Remember that the PR with regards to the V3 System acquisition mentioned an "earn-out" clause

V3 shall be entitled to receive an earn-out, based on achieving certain milestones in revenue and gross margin, of up to a further USD $5.0 million, payable at the option of Sphere 3D in cash or shares

I understood from the CC that:
- the milestone revenue for this is 12.5 million USD within the first year
- that this milestone seems to be mutually agreed based on previous earnings achieved and that V3 Systems has gross margins similar to Sphere3D's expected margings (>60%?)

Consequently that earn-out payment shouldn't be a burden for sphere3D, over more considering that sales achieved by V3 System will most probably trigger more market for Glassware 2.0 as well ...to the benefit of the overall financial results.

More info about V3System financials will follow at the end of February, once the acquisition is consumed.