Benzinga | Apr 9, 2021 08:50AM EDT

Sphere 3D Late Thursday Reported FY20 Sales $4.8M, Down From $5.6M YoY, EPS $(0.98), Down From $(1.59) YoY

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phere 3D Corp. (NASDAQ:ANY), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its year ended December 31, 2020.

Fiscal Year Financial Results:

Our results for fiscal year 2020 were as follows:

* Net revenue for 2020 was $4.8 million, compared to $5.6 million for 2019.

* Gross margin for 2020 was 46.4%, compared to 33.2% for 2019.

* Operating expenses for 2020 were $8.2 million, compared to $7.9 million for 2019.

* Depreciation and amortization was $1.8 million for 2020, compared to $1.9 million for 2019.

* Net loss from operations for 2020 was $5.8 million, or a net loss of $0.98 per share, compared to a net loss from operations of $4.3 million, or a net loss of $1.59 per share, for 2019.