- #Cloud backblaze nasdaq thursday friday ipo archive
- #Cloud backblaze nasdaq thursday friday ipo Pc
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. For more information, please go to Cautionary Note Regarding Forward-looking Statements Founded in 2007, the company is based in San Mateo, CA. With over two billion gigabytes of data storage under management, the company currently works with over 500,000 customers in over 175 countries.
#Cloud backblaze nasdaq thursday friday ipo archive
The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. īackblaze makes it astonishingly easy to store, use, and protect data. Phone registrants will receive dial-in information via email.Īn archive of the webcast will be available shortly after its completion on the Investor Relations section of the Backblaze website at.
Adjusted EBITDA margin between (10)% to (6)%īackblaze will host a conference call today, May 9, 2023 at 1:30 p.m. Revenue between $98 million to $102 million. 
Basic weighted average shares outstanding of 34.5 million to 36.5 million sharesįor full-year 2023 we continue to expect:. Adjusted EBITDA margin between (11)% to (7)%. Revenue between $24.1 million to $24.5 million. #Cloud backblaze nasdaq thursday friday ipo Pc
New York Times Accolade: Wirecutter product recommendation service again selected Backblaze Computer Backup as the #1 PC backup serviceīased on information available as of May 9, 2023,įor the second quarter of 2023 we expect:. Achieved SOC 2 Type 2 Certification: Reinforces Backblaze’s commitment to keeping data secure. Expanded Partnership with Vultr: New co-marketing efforts to advance joint solution of B2 Cloud Storage and Vultr's compute services. B2 Cloud Storage Self-Serve: Best quarter of B2 Cloud Storage self-serve customer additions in a year. B2 Reserve: In April, channel-friendly prepaid offering generated over $1 million in ARR after approximately 1 year. Computer Backup gross customer retention rate was 90% compared to 91% in Q1 2022. B2 Cloud Storage gross customer retention rate was 90% in Q1 2023 and Q1 2022. Gross customer retention rate was 91% in Q1 2023 and Q1 2022. Computer Backup NRR was 106% compared to 105% in Q1 2022. B2 Cloud Storage NRR was 120% compared to 131% in Q1 2022. Net revenue retention (NRR) rate was 111% compared to 113% in Q1 2022. Computer Backup ARR was $54.2 million, an increase of 7% YoY. B2 Cloud Storage ARR was $41.7 million, an increase of 47% YoY. Annual recurring revenue (ARR) was $95.9 million, an increase of 21% YoY. Non-GAAP net loss per share of $0.26 compared to a non-GAAP net loss per share of $0.28 in Q1 2022.įirst Quarter 2023 Operational Highlights:. Non-GAAP net loss of $9.0 million compared to non-GAAP net loss of $8.7 million in Q1 2022. Adjusted EBITDA of $(2.9) million, or (12)% of revenue, compared to $(3.0) million and (15)% of revenue in Q1 2022. Cash, short-term investments and restricted cash, non-current totaled $56.9 million as of March 31, 2023. Net loss per share of $0.50 compared to a net loss per share of $0.41 in Q1 2022. Net loss of $17.1 million compared to a net loss of $12.5 million in Q1 2022. Adjusted gross profit of $17.0 million, or 72% of revenue, compared to $14.8 million and 76% of revenue in Q1 2022. 
Gross profit of $11.0 million, or 47% of revenue, compared to $9.8 million and 50% of revenue, in Q1 2022.Computer Backup revenue was $13.4 million, an increase of 8% YoY.B2 Cloud Storage revenue was $10.0 million, an increase of 42% YoY.Revenue of $23.4 million, an increase of 20% year-over-year (YoY).“We’re delighted that more businesses are using Backblaze to significantly reduce their data storage spend by shifting away from high-cost cloud providers.”
Additionally, our Q1 results support our goal to approach Adjusted EBITDA breakeven in Q4 of 2023,” said Gleb Budman, CEO of Backblaze. “We were pleased to deliver 42% year-on-year revenue growth for B2 Cloud Storage in Q1- well above that of our competitors like Amazon Web Services (AWS). (Nasdaq: BLZE), the leading specialized storage cloud, today announced results for its first quarter ended March 31, 2023. SAN MATEO, Calif., (GLOBE NEWSWIRE) - Backblaze, Inc.
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