Sphere 3D Corp. announced preliminary earnings results for the third quarter of fiscal year 2017. The company reports that its preliminary net revenue for the third quarter of fiscal year 2017 is expected to exceed $21.5 million, representing a 16% increase compared to $18.5 million for the third quarter of 2016, and an 11% increase compared to $19.4 million from the previous quarter. In addition, the company was able to make significant improvements to its adjusted EBITDA loss for the third quarter of fiscal 2017. Although still preliminary, the company anticipates that the adjusted EBITDA loss will be at the lowest level since it began reporting this non-GAAP metric in the fourth quarter of 2014.