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Sphere 3D Corp. (DRK) red flags

CIK 0001591956 路 Stamford, CT 路 SIC 6199 路 All EDGAR filings

1 verified red-flag event(s) since 2025-04-01 and 7 earlier one(s) from our 2015-2025 history. Red flag score: 26 how it's calculated

5Sphere 3D Corp. (DRK) Going-concern doubtnano2026-03-27
in auditor's report 路 company history

Earlier red flags (2015 to Apr 2025)

FiledFlag (links to the SEC filing)SeverityWhy
2024-05-13Going-concern doubt (10-Q)3quarterly (unaudited) disclosure
2024-03-13Going-concern doubt5in auditor's report
2023-03-31Going-concern doubt5in auditor's report
2020-05-14Going-concern doubt5in auditor's report
2019-07-31Auditor change4auditor resigned
2019-04-01Going-concern doubt5in auditor's report
2018-03-21Going-concern doubt5in auditor's report

From our 10-year history, classified with the same rules as current flags. Older flags have no page of their own; see the research study for how flagged stocks did afterwards.

Red flag score: 26 / 100 · elevated

Computed only from the verified red flags below: each flag earns points for its severity, loses half its weight every 180 days, and companies with several different flag types in the past year get a bonus. Total points 15.1 → score = 100 × (1 − e−points/50) = 26. Full method

FlagFiledSeverityPointsAgeDecayCounts
Going-concern doubt2026-03-275/530.0205 d×0.4513.6
Going-concern doubt (history)2024-05-133/514.0888 d×0.030.5
Going-concern doubt (history)2024-03-135/530.0949 d×0.030.8
Going-concern doubt (history)2023-03-315/530.01297 d×0.010.2
Going-concern doubt (history)2020-05-145/530.02348 d×0.000.0
Auditor change (history)2019-07-314/522.02636 d×0.000.0
Going-concern doubt (history)2019-04-015/530.02757 d×0.000.0
Going-concern doubt (history)2018-03-215/530.03133 d×0.000.0

The red flag score summarizes how many, how serious and how recent a company's verified SEC red-flag filings are. It describes filing events only. It is not a fraud score, credit rating or prediction, and not investment advice.

What happened next

FlagDateCap at flag30d90d180d1y
Going-concern doubt2026-03-27$4.9M+1.4%+95.7%+102.9%pending
Going-concern doubt2024-05-13$16.1M+37.9%+1.5%+89.3%-5.4%
Going-concern doubt2024-03-13$26.7M-33.3%-25.9%-56.1%-67.8%
Going-concern doubt2023-03-31$27.2M+24.7%-16.3%-41.4%-39.3%
Going-concern doubt2020-05-14$7.5M+60.7%+95.3%-11.3%-3.3%
Auditor change2019-07-31$4.0M-19.5%-32.7%-50.1%+100.6%
Going-concern doubt2019-04-01$5.5M+8.3%-35.0%-51.2%-70.8%
Going-concern doubt2018-03-21$14.7M-73.2%-73.0%-87.3%-82.4%

Stock return after each flag; pending = window not yet elapsed; n/a = no price data (for older flags often because the stock no longer trades).

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