Backblaze, Inc. reports developments in cloud storage, data protection, and infrastructure services for businesses, developers, managed service providers, and consumers. The company’s platform includes B2 Cloud Storage, an infrastructure-as-a-service cloud object storage offering, and Computer Backup, a software-as-a-service backup product.
Backblaze news commonly covers quarterly financial results, B2 growth trends, AI and data-intensive workloads, neocloud demand, media workflow partnerships, performance and network benchmark reports, channel recognition, leadership changes, and investor conference participation. Company updates also highlight use cases such as AI training data, generative media, application storage, cyber resilience, and critical data protection.
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Backblaze, a leading specialized storage cloud platform, will announce its financial results for Q1 2023 on May 9, 2023, after market close. A conference call and webcast to discuss these results will be held at 1:30 p.m. PT (4:30 p.m. ET) on the same day. Verified shareholders can submit questions via the Say Connect platform from May 2 to May 8, 2023, which management will address during the call. Backblaze manages over two billion gigabytes of data for more than 500,000 customers worldwide and aims to enhance communication with shareholders. The webcast archive will be available post-call on the Investor Relations page of Backblaze's website.
Backblaze, Inc. (BLZE) reported Q4 2022 results showcasing a 23% overall revenue growth to $22.9 million, driven by a remarkable 44% growth in B2 Cloud Storage revenue, totaling $9.5 million. Despite revenue increases, the company faced a net loss of $14.8 million, worsening from $9.6 million in the previous year. The annual recurring revenue (ARR) rose to $92 million, a 22% increase year-over-year. For Q1 2023, Backblaze anticipates revenue between $23.1 million to $23.5 million and a full-year forecast of $98 million to $102 million. The company is also targeting an adjusted EBITDA margin improvement for 2023.