Replies to post #21143 on Sphere 3D Corp. (ANY)

[Getsmart1755]

The aggressive selling and hitting bids started about 3:35pm and never let up.


Time X Price Chg Vol
15:59:57 Q 4.44 0.02 400
15:59:57 Q 4.44 0.02 100
15:59:57 Q 4.44 0.02 400
15:59:57 Q 4.44 0.02 100
15:59:55 Q 4.47 0.05 100
15:59:55 Q 4.47 0.05 1,800
15:59:45 Q 4.47 0.05 100
15:59:43 Q 4.47 0.05 100
15:59:43 Q 4.47 0.05 100
15:59:41 Q 4.47 0.05 100
15:59:40 Q 4.47 0.05 100
15:59:39 Q 4.47 0.05 100
15:59:30 Q 4.45 0.03 100
15:59:21 Q 4.47 0.05 100
15:59:17 Q 4.47 0.05 100
15:59:16 Q 4.47 0.05 100
15:59:11 Q 4.47 0.05 100
15:59:11 Q 4.47 0.05 200
15:59:11 Q 4.47 0.05 2,100
15:59:07 Q 4.47 0.05 100
15:59:03 Q 4.47 0.05 100
15:58:53 Q 4.47 0.05 100
15:58:48 Q 4.47 0.05 222
15:58:47 Q 4.47 0.05 100
15:58:41 Q 4.47 0.05 100
15:58:39 Q 4.4695 0.0495 150
15:58:36 Q 4.47 0.05 200
15:58:36 Q 4.47 0.05 100
15:58:31 Q 4.47 0.05 100
15:58:22 Q 4.47 0.05 500
15:58:16 Q 4.47 0.05 100
15:58:09 Q 4.47 0.05 100
15:57:43 Q 4.465 0.045 200
15:57:43 Q 4.46 0.04 200
15:57:41 Q 4.4601 0.0401 100
15:57:41 Q 4.46 0.04 778
15:57:41 Q 4.465 0.045 100
15:57:41 Q 4.46 0.04 100
15:57:36 Q 4.47 0.05 100
15:56:50 Q 4.4504 0.0304 200
15:56:49 Q 4.46 0.04 200
15:56:47 Q 4.47 0.05 300
15:56:47 Q 4.4501 0.0301 3,200
15:56:47 Q 4.4501 0.0301 100
15:56:47 Q 4.4501 0.0301 500
15:56:47 Q 4.4501 0.0301 100
15:56:47 Q 4.4501 0.0301 100
15:56:47 Q 4.4501 0.0301 700
15:56:47 Q 4.45 0.03 3,200
15:56:47 Q 4.45 0.03 500
15:56:47 Q 4.45 0.03 100
15:56:47 Q 4.46 0.04 100
15:56:47 Q 4.45 0.03 700
15:56:47 Q 4.45 0.03 100
15:56:47 Q 4.45 0.03 100
15:56:39 Q 4.47 0.05 100
15:55:56 Q 4.4602 0.0402 100
15:55:55 Q 4.465 0.045 100
15:55:54 Q 4.45 0.03 700
15:55:53 Q 4.45 0.03 1,700
15:55:53 Q 4.4501 0.0301 700
15:55:53 Q 4.45 0.03 100
15:55:53 Q 4.46 0.04 100
15:55:53 Q 4.46 0.04 100
15:55:53 Q 4.46 0.04 200
15:55:53 Q 4.465 0.045 300
15:55:25 Q 4.49 0.07 100
15:55:25 Q 4.4899 0.0699 1,000
15:55:22 Q 4.49 0.07 1
15:55:22 Q 4.49 0.07 99
15:55:22 Q 4.49 0.07 100
15:55:22 Q 4.49 0.07 100
15:55:22 Q 4.49 0.07 100
15:55:22 Q 4.50 0.08 100
15:55:22 Q 4.50 0.08 100
15:55:22 Q 4.50 0.08 200
15:55:22 Q 4.5001 0.0801 100
15:55:22 Q 4.50 0.08 100
15:55:22 Q 4.50 0.08 100
15:55:22 Q 4.50 0.08 100
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15:55:22 Q 4.50 0.08 100
15:55:22 Q 4.50 0.08 100
15:55:22 Q 4.5001 0.0801 100
15:55:22 Q 4.50 0.08 400
15:55:17 Q 4.50 0.08 100
15:55:07 Q 4.50 0.08 100
15:55:05 Q 4.50 0.08 200
15:55:05 Q 4.48 0.06 1,600
15:55:05 Q 4.4899 0.0699 200
15:55:05 Q 4.4899 0.0699 200
15:55:05 Q 4.50 0.08 1,600
15:55:05 Q 4.49 0.07 200
15:55:01 Q 4.50 0.08 256
15:54:55 Q 4.50 0.08 100
15:54:43 Q 4.50 0.08 100
15:54:31 Q 4.50 0.08 100
15:54:19 Q 4.50 0.08 100
15:54:07 Q 4.50 0.08 100
15:53:59 Q 4.4967 0.0767 100
15:53:59 Q 4.4967 0.0767 150
15:53:53 Q 4.50 0.08 100
15:53:41 Q 4.50 0.08 100
15:53:29 Q 4.49 0.07 100
15:52:11 Q 4.48 0.06 100
15:52:10 Q 4.481 0.061 100
15:52:05 Q 4.49 0.07 100
15:52:05 Q 4.49 0.07 100
15:52:03 Q 4.48 0.06 200
15:52:02 Q 4.482 0.062 100
15:52:02 Q 4.482 0.062 100
15:51:55 Q 4.50 0.08 100
15:51:55 Q 4.49 0.07 500
15:51:55 Q 4.49 0.07 300
15:51:55 Q 4.49 0.07 100
15:51:53 Q 4.50 0.08 100
15:51:41 Q 4.50 0.08 100
15:51:29 Q 4.50 0.08 100
15:51:27 Q 4.50 0.08 200
15:51:15 Q 4.50 0.08 100
15:51:09 Q 4.50 0.08 400
15:51:09 Q 4.50 0.08 1,200
15:51:09 Q 4.49 0.07 200
15:51:09 Q 4.49 0.07 200
15:51:09 Q 4.49 0.07 200
15:51:09 Q 4.49 0.07 200
15:51:01 Q 4.50 0.08 100
15:50:59 Q 4.50 0.08 100
15:50:58 Q 4.50 0.08 100
15:50:54 Q 4.50 0.08 100
15:50:50 Q 4.49 0.07 100
15:50:49 Q 4.49 0.07 100
15:50:49 Q 4.49 0.07 100
15:50:46 Q 4.49 0.07 200
15:50:46 Q 4.49 0.07 3,500
15:50:46 Q 4.4899 0.0699 200
15:50:27 Q 4.49 0.07 100
15:50:15 Q 4.49 0.07 100
15:50:05 Q 4.48 0.06 100
15:49:58 Q 4.48 0.06 100
15:49:53 Q 4.47 0.05 700
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15:49:35 Q 4.47 0.05 100
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15:48:58 Q 4.45 0.03 100
15:48:58 Q 4.45 0.03 100
15:48:58 Q 4.45 0.03 100
15:48:56 Q 4.4767 0.0567 150
15:48:00 Q 4.48 0.06 600
15:48:00 Q 4.48 0.06 100
15:48:00 Q 4.48 0.06 900
15:48:00 Q 4.48 0.06 100
15:47:55 Q 4.48 0.06 200
15:47:55 Q 4.48 0.06 100
15:47:44 Q 4.48 0.06 100
15:47:44 Q 4.48 0.06 100
15:47:21 Q 4.4801 0.0601 700
15:47:21 Q 4.4801 0.0601 400
15:47:21 Q 4.4801 0.0601 100
15:47:20 Q 4.4801 0.0601 200
15:47:20 Q 4.48 0.06 400
15:47:20 Q 4.48 0.06 100
15:47:20 Q 4.48 0.06 200
15:47:20 Q 4.48 0.06 600
15:47:07 Q 4.48 0.06 300
15:47:07 Q 4.48 0.06 300
15:46:58 Q 4.48 0.06 100
15:46:49 Q 4.49 0.07 100
15:46:31 Q 4.49 0.07 100
15:46:15 Q 4.49 0.07 100
15:44:37 Q 4.49 0.07 100
15:44:37 Q 4.49 0.07 100
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15:44:31 Q 4.49 0.07 100
15:44:31 Q 4.49 0.07 100
15:44:31 Q 4.49 0.07 100
15:44:31 Q 4.49 0.07 100
15:44:03 Q 4.50 0.08 2,000
15:44:03 Q 4.50 0.08 100
15:44:03 Q 4.50 0.08 100
15:43:14 Q 4.51 0.09 100
15:43:14 Q 4.51 0.09 100
15:42:09 Q 4.51 0.09 1,000
15:41:14 Q 4.52 0.10 100
15:41:07 Q 4.5299 0.1099 500
15:40:47 Q 4.52 0.10 100
15:40:47 Q 4.52 0.10 300
15:40:47 Q 4.525 0.105 200
15:40:46 Q 4.5299 0.1099 1,000
15:40:05 Q 4.53 0.11 200
15:40:05 Q 4.53 0.11 500
15:40:04 Q 4.527 0.107 500
15:40:03 Q 4.527 0.107 500
15:39:34 Q 4.5299 0.1099 1,000
15:38:54 Q 4.50 0.08 500
15:38:37 Q 4.515 0.095 100
15:38:35 Q 4.5299 0.1099 600
15:35:17 Q 4.55 0.13 200
15:35:17 Q 4.55 0.13 600
15:35:17 Q 4.55 0.13 100
15:35:17 Q 4.55 0.13 700
15:35:17 Q 4.565 0.145 100
15:35:15 Q 4.5501 0.1301 700
15:35:15 Q 4.55 0.13 500
15:35:15 Q 4.55 0.13 3,500
15:35:14 Q 4.56 0.14 200
15:35:14 Q 4.56 0.14 100
15:35:14 Q 4.56 0.14 100
15:35:14 Q 4.60 0.18 100
15:35:14 Q 4.60 0.18 100
15:35:14 Q 4.58 0.16 100
15:35:14 Q 4.58 0.16 200
15:35:14 Q 4.60 0.18 99
15:31:58 Q 4.6399 0.2199 200
15:29:13 Q 4.62 0.20 100
15:29:13 Q 4.62 0.20 100
15:29:06 Q 4.62 0.20 200
15:27:04 Q 4.63 0.21 100
15:27:04 Q 4.63 0.21 100
15:26:46 Q 4.63 0.21 100
15:26:06 Q 4.62 0.20 5

[jockinmikeg]

The company has already indicated that Q414 will exceed revenue expectations with a figure of approximately $9m, and this was calculated without any revenues recognized from the merger acquisition, since it didn't officially close until 12/1/14.

The explanation can be found in this excerpt from 451 Research Report, which I found to be fairly balanced and objective.

I like that the Overland subsidiary has taken measures to cut operating costs to the tune of $23m annually. As a standalone company, they were burning cash like it grew on trees.

https://451research.com/report-short?entityId=84727&referrer=marketing




Business update

Because the final merger agreements were only completed on December 1, 2014, Sphere 3D hasn't yet filed its Q4 2014 figures, which span its transition from essentially an R&D shop with no shipping products to commercial deployments. The company has indicated that Q4 revenue will be $9m, above expectations and up from below $4m in Q1 2014. By Q4 2015 (with all revenue from the acquisitions recognized), the expectation is that the annualized run rate will be more than $160m. Operating expense reductions already kicked off by Overland are on track to reduce annualized operating expenses by $23m, the company claims. Sphere 3D now has around 400 employees.