Backblaze

Backblaze, Inc. operates as a cloud provider for businesses and consumers to store, use, and protect their data. The firm, through its storage cloud platform, provides a foundation for businesses, developers, IT professionals, and individuals to store, backup, and archive data, host content, manage media, and build their applications. It also offers B2 Cloud Storage and Computer Backup services. The company was founded by Timothy Nufire, Gleb Budman, Charles Jones, Kwok Hang Ng and Brian Wilson in 2007 and is headquartered in San Mateo, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Backblaze reports strong Q4 growth, aims for EBITDA breakeven

Backblaze showcased robust performance in Q4 2022, focusing on growth, partnerships, and financial metrics.
The company's strengths include competitive pricing, strategic partnerships, and a strong focus on data security.
Challenges include achieving adjusted EBITDA breakeven, scaling revenue, and attracting larger customers to B2 Cloud Storage.
Opportunities for Backblaze include expanding partnerships, leveraging AI trends, and capitalizing on the need for data lakes in organizations.

Backblaze reports solid Q1 growth, aims for profitability by Q4

Backblaze's Q1 2023 performance reflects growth in revenue, strategic cost-saving benefits, and a focus on achieving adjusted EBITDA breakeven by Q4.
The company's strengths include effective go-to-market strategies, competitive product offerings, and a skilled management team driving shareholder value.
Challenges include profitability targets, cost optimization without layoffs, and the need for impactful marketing strategies to increase brand awareness.
Opportunities exist in expanding partnerships, investor education, sustainability efforts, and demonstrating progress towards financial goals to attract stakeholders.

Backblaze reports strong revenue growth and aims for profitability

Backblaze's Q2 2023 performance showed revenue growth and strategic focus on achieving adjusted EBITDA breakeven.
The company's strengths include competitive advantages, emphasis on privacy, and benefits for shareholders.
Challenges lie in reaching profitability, addressing analyst concerns, and implementing cost-saving measures.
Opportunities for Backblaze include market expansion, AI applications, and optimizing growth strategies.

Backblaze reports robust Q3 performance and eyes AI expansion

Backblaze's Q3 performance was strong, with positive adjusted EBITDA and revenue growth.
The company's focus on innovation, customer expansion, and competitive pricing are key strengths.
Challenges include improving product adoption rates and managing price increases.
Opportunities lie in brand building, AI expansion, and tapping into the open cloud trend.

Backblaze reports strong Q4 performance, eyes upmarket growth opportunities

Backblaze delivered strong financial performance in Q4 2023, showcasing revenue growth, profitability, and customer retention, while outlining optimistic revenue guidance for Q1 and full-year 2024.
The company's strengths in attracting larger businesses, product innovation, and strategic market positioning position it well for continued growth and success.
Challenges such as evaluating customer metrics, declining license usage, managing CapEx, and market competition require strategic focus and adaptation.
Opportunities in moving upmarket, embracing innovation, and expanding product offerings present avenues for Backblaze to capitalize on market trends and drive future growth.

Backblaze reports record Q1 growth, eyes AI opportunities and expansion

Backblaze delivered a strong performance in Q1 2024, marked by record revenue growth, positive EBITDA, and strategic initiatives to drive innovation and customer value.
The company's strengths lie in its leadership in the open cloud movement, focus on AI storage solutions, and commitment to customer satisfaction and operational efficiency.
While facing challenges in leadership transition and scaling operations, Backblaze has opportunities to capitalize on AI growth, expand market reach, and enhance its competitive position.
Overall, Backblaze's Q1 results and strategic direction position it well for continued success, with a solid financial outlook and a focus on driving innovation and customer engagement.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Backblaze, Inc. (BLZE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Backblaze, Inc. (BLZE) Surges 7.1%: Is This an Indication of Further Gains?

Serves demand for storing data to more places for faster local access; offers free data egress for Cloud Replication. Serves demand for storing data to more places for faster local access; offers free data egress for Cloud Replication.

Backblaze Opens New US East Data Region

Backblaze, Inc. (NASDAQ:BLZE ) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants James Kisner - Vice President-Investor Relations & Corporate Development Gleb Budman - Chief Executive Officer & Chairperson of the Board Frank Patchel - Chief Financial Officer Conference Call Participants Ittai Kidron - Oppenheimer Erik Suppiger - JMP Securities Bruce Goldfarb - Lake Street Capital Markets Zach Cummins - B. Riley Securities Operator Good afternoon and welcome to the Backblaze Third Quarter 2022 Earnings Call.

Backblaze, Inc. (BLZE) Q3 2022 Earnings Call Transcript

Offers reserve pricing, online portal, and new integrations for resellers and businesses Offers reserve pricing, online portal, and new integrations for resellers and businesses

Backblaze Launches Comprehensive Partner Program

SAN MATEO, Calif., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud company, today announced that Dr. Brian Beach has been named Chief Technology Officer (CTO), effective November 7, 2022. Brian Wilson, who has served as CTO since 2007, will remain an employee at Backblaze and will become Inveterate Software Engineer, as well as serve in an advisory CTO capacity until the end of the year.

Backblaze Names Brian Beach Chief Technology Officer

San Mateo, California--(Newsfile Corp. - November 7, 2022) - Backblaze, Inc. (NASDAQ: BLZE), the leading independent storage cloud company, today announced they will attend the Q4 Investor Summit virtually. During the presentation, Backblaze's Chief Executive Officer and Chairperson of the Board, Gleb Budman, and Chief Financial Officer, Frank Patchel, will provide an overview of the company as the leading independent storage cloud.

Backblaze to Present at Investor Summit Group's Q4 Conference

Backblaze, Inc. (BLZE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Backblaze, Inc. (BLZE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

The mean of analysts' price targets for Backblaze, Inc. (BLZE) points to a 221.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 222% Upside in Backblaze, Inc. (BLZE): Can the Stock Really Move This High?

Preliminary Q3 2022 Revenue and Adjusted EBITDA Margin Exceeds Prior Guidance Preliminary Q3 2022 Revenue and Adjusted EBITDA Margin Exceeds Prior Guidance

Backblaze Announces Preliminary Q3 2022 Results Ahead of Investor Conference

San Mateo, California--(Newsfile Corp. - October 11, 2022) - Backblaze, Inc. (NASDAQ: BLZE), the leading independent storage cloud platform, will be attending the LD Micro Main Event XV in Los Angeles, Tuesday, October 25, 2022. Co-founder, CEO and Chairperson of the Board Gleb Budman and CFO Frank Patchel will also be presenting via webcast from 4:00 p.m. to 4:25 pm PT (7:00 pm to 7:25 pm ET).

Backblaze to Attend LD Micro Investor Conference on October 25, 2022

Robert Fitt joins company to scale talent, leadership, and human resources programs for the leading independent storage cloud Robert Fitt joins company to scale talent, leadership, and human resources programs for the leading independent storage cloud

Backblaze Names Chief Human Resources Officer

NEW YORK--(BUSINESS WIRE)---- $BLZE #fintech--Backblaze partners with Stockperks to reward individual investors with discounted cloud storage and direct connection with $BLZE management.

Backblaze Partners with Stockperks to Reward Investors

SAN MATEO, Calif., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, will be presenting at the Sidoti September Small Cap Virtual Investor Conference on Wednesday, September 21, 2022. Co-founder, CEO and Chairperson of the Board Gleb Budman and CFO Frank Patchel will be presenting via webcast from 10:45 a.m. to 11:15 am PT (1:45 pm to 2:15 pm ET).

Backblaze to Present at Sidoti Virtual Investor Conference on September 21, 2022

Backblaze, Inc. (NASDAQ:BLZE ) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants James Kisner - VP of IR Gleb Budman - Co-Founder, CEO and Chairperson Frank Patchel - CFO Conference Call Participants Simon Leopold - Raymond James Erik Suppiger - JMP Securities Max Michaels - Lake Street Ethan Weidel - B. Riley Securities Operator Good day and welcome to the Backblaze Second Quarter 2022 Earnings Call.

Backblaze, Inc. (BLZE) CEO Gleb Budman on Q2 2022 Results - Earnings Call Transcript

45% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q2 2022 45% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q2 2022

Backblaze Announces Second Quarter 2022 Financial Results

SAN MATEO, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, today announced that investors holding Backblaze stock are now able to submit and upvote questions to management in advance of its Q2'22 earnings call. To participate, investors must visit the Say Connect platform at:

Backblaze to Crowdsource Questions From Investors for Q2'22 Earnings Call on August 9

Kevin Gavin joins company to further elevate the brand and drive growth for the newly public independent cloud storage platform Kevin Gavin joins company to further elevate the brand and drive growth for the newly public independent cloud storage platform

Backblaze Appoints Chief Marketing Officer

SAN MATEO, Calif., July 19, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, will report financial results for its second quarter of 2022 (ending June 30, 2022) on Tuesday, August 9, 2022 after market close.

Backblaze to Announce Second Quarter 2022 Results on August 9, 2022

Partnership brings Backblaze services to federal, state, and local buying programs to serve public sector CIOs seeking to optimize cloud spend Partnership brings Backblaze services to federal, state, and local buying programs to serve public sector CIOs seeking to optimize cloud spend

Backblaze and Carahsoft Expand Public Sector Access to Astonishingly Easy Cloud Storage

SAN MATEO, Calif., June 09, 2022 (GLOBE NEWSWIRE) -- The Business Intelligence Group has announced that Backblaze, Inc. (Nasdaq: BLZE), the leading independent cloud storage platform, has won the 2022 Fortress Cyber Security Awards in the Incidents Response category. The industry awards program sought to identify and reward the world's leading companies and products that are working to keep our data and electronic assets safe among a growing threat from hackers.

Backblaze Wins 2022 Fortress Cyber Security Award

New Cloud Replication service supports enterprises' expanding needs for risk management compliance, data residency and redundancy, and more New Cloud Replication service supports enterprises' expanding needs for risk management compliance, data residency and redundancy, and more

Backblaze Launches Automatic Data Replication to Double Business Data Resilience

Combines new Channel Partner team with a package of benefits, rewards, and resources to ease partners' workload as they engage and grow cloud adoption through the channel Combines new Channel Partner team with a package of benefits, rewards, and resources to ease partners' workload as they engage and grow cloud adoption through the channel

Backblaze Launches Channel Partner Program

Backblaze, Inc. (NASDAQ:BLZE ) Q1 2022 Earnings Conference Call March 5, 2022 4:30 PM ET Company Participants James Kisner – Vice President of Investor Relations Gleb Budman – Co-Founder, Chief Executive Officer & Chairperson Frank Patchel – Chief Financial Officer Conference Call Participants Ittai Kidron – Oppenheimer Erik Suppiger – JMP Securities Eric Martinuzzi – Lake Street Capital Billy Fitzsimmons – William Blair Zach Cummins – B. Riley Operator Good afternoon, ladies and gentlemen, thank you for standing by.

Backblaze Inc. (BLZE) CEO Gleb Budman on Q1 2022 Results - Earnings Call Transcript

SAN MATEO, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), a leading independent storage cloud platform, today announced that retail investors holding Backblaze stock are now able to submit and upvote questions to management in advance of its Q1'22 earnings call. To participate, investors must visit the Say Connect platform at:

Backblaze to Crowdsource Questions from Retail Investors for Q1'22 Earnings Call on May 5

SAN MATEO, Calif., April 21, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), a leading independent storage cloud platform, will report financial results for its first quarter of 2022 (ending March 31, 2022) on Thursday, May 5, 2022 after market close.

News for Backblaze Stock (BLZE)