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.

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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.

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Rivian Automotive

With just $16 million in revenue, Backblaze is smaller than many other technology companies that have come to public markets in recent years.

Backblaze takes opposite IPO route to Rivian, going public on small valuation and minimal funding

Backblaze is preparing for its initial public offering (IPO) that will see shares of its stock start trading today and we've got the details! The post Backblaze IPO: 16 Things for Investors to Know as BLZE Stock Debuts Today appeared first on InvestorPlace.

Backblaze IPO: 16 Things for Investors to Know as BLZE Stock Debuts Today

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze Announces Pricing of Initial Public Offering

Backblaze Announces Pricing of Initial Public Offering

Backblaze has filed to raise $100 million in an IPO.

Backblaze Targets $100 Million IPO

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze Announces Launch of Initial Public Offering

Backblaze Announces Launch of Initial Public Offering

News for Backblaze Stock (BLZE)