Cash, short-term investments and restricted cash, non-current totaled $69.7 million as of December 31, 2022.Non-GAAP net loss per share of $0.27 compared to a non-GAAP net loss per share of $0.26 in 2021.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.
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Geographically, it derives a majority of revenue from the United States.Ĭlick Here to get the full Stock Report for Backblaze Inc stock.44% Revenue Growth in B2 Cloud Storage 23% Revenue Growth Overall in Q4 2022 It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. More About Backblaze Incīackblaze Inc provides cloud storage services. To see InvestorsObserver's Sentiment Score for Backblaze Inc click here. So far 61,365 shares have traded compared to average volume of 113,584 shares. The stock has traded between $7.33 and $7.95 so far today. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.īackblaze Inc (BLZE) stock is trading at $7.88 as of 1:24 PM on Monday, Jan 23, an increase of $0.33, or 4.37% from the previous closing price of $7.55. Our system also uses the options market in order to receive additional signals on current sentiments. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. This means that earnings updates and other news can greatly impact overall sentiment.Ĭhanges in price are generally the best indicator of sentiment for a particular stock. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. See Full BLZE Report What is Stock Sentiment?
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