![]() ![]() Non-GAAP net loss of $9.0 million compared to non-GAAP net loss of $6.5 million in 2021.Adjusted EBITDA was $(2.5) million or (11)% of revenue, compared to $(1.3) million or (7)% of revenue in Q4 2021.Net loss per share was $0.45 compared to a net loss per share of $0.38 in Q4 2021.Net loss was $14.8 million compared to a net loss of $9.6 million in Q4 2021.Adjusted gross profit of $17.3 million or 75% of revenue, compared to $14.1 million or 75% of revenue in Q4 2021.Gross profit of $11.7 million or 51% of revenue, compared to $9.8 million or 53% of revenue in Q4 2021.Backblaze Computer Backup revenue was $13.3 million, an increase of 11% YoY.B2 Cloud Storage revenue was $9.5 million, an increase of 44% YoY.Revenue of $22.9 million, an increase of 23% year-over-year (YoY).Budman.įourth Quarter 2022 Financial Highlights: “Turning to our own financial picture, as we continue to grow revenue, we're moderating expense growth and are targeting to approach adjusted EBITDA breakeven in Q4 of this year,” continued Mr. Further, Backblaze B2 is very easy to use, saving users up to 90% of the time it takes to manage traditional cloud services.” “Given the uncertain macroeconomic environment, businesses have even more reason to seek cost savings with best-of-breed cloud services-and Backblaze provides them a solution with B2 Cloud Storage, which is one-fifth the price of traditional cloud storage providers such as Amazon S3. “We are excited as we begin 2023 as we see the opportunity to help more small and large businesses reduce the cost of their cloud infrastructure,” continued Mr. “We were pleased to finish 2022 with strong Q4 overall revenue growth of 23% driven by an increasing proportion of our B2 Cloud Storage service, which grew 44% in Q4,” said Gleb Budman, CEO of Backblaze. (Nasdaq: BLZE), a leading specialized storage cloud platform, today announced results for its fourth quarter and year ended December 31, 2022. 15, 2023 (GLOBE NEWSWIRE) - Backblaze, Inc. JMP Securities/ Lake Street Capital Markets/ B. Oppenheimer & Co./ William Blair/ Raymond James ![]() 10, 2021, at $16 – the mid-point of its $15-to-$16 price range – on 6.25 million shares, the same number of shares in the prospectus, to raise $100 million.) Today, our solutions are differentiated by their ease of use and affordability. Over the following years, we focused relentlessly on cutting away the complexity common among diversified cloud vendors’ services and legacy on-premises system vendors. As businesses and consumers shift to the cloud, we believe our cloud services will increasingly become a foundational element of their overall technology stack.Īt its founding, Backblaze set out to simplify the process of storing, using, and protecting data. ![]() These customers use the Backblaze Storage Cloud platform across more than 175 countries to grow and protect their business data on our approximately 2 exabytes, or 2 trillion megabytes, of data storage under management. Referrals from our community of brand advocates, combined with our highly efficient and primarily self-serve customer acquisition model and an ecosystem of thousands of partners, have allowed us to attract over 480,000 customers. By substantially reducing the complexity and frustration of storing, using, and protecting data, we empower customers to focus on their core business operations. From genome sequencing to mapping the world, from saving lives to playing online games, from interacting with a business to running one, data is central to modern existence. We provide these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. We are a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data in an easy and affordable manner. ![]()
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