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.
Backblaze, Inc. (Nasdaq: BLZE) has achieved SOC 2 Type 2 certification, affirming its commitment to robust information security controls. The certification, conducted by an independent third-party auditing firm, validates the effectiveness of Backblaze's operational controls in securing customer data. The company operates in SOC 2 certified data centers, ensuring compliance with industry best practices. CEO Gleb Budman emphasized the importance of this certification as external validation of their data management and security measures. Backblaze plans for annual reviews to maintain SOC 2 compliance, enhancing trust with its customers.
Backblaze, a leading cloud storage provider (Nasdaq: BLZE), will disclose its financial results for Q4 and fiscal year ending December 31, 2022, on February 15, 2023, post-market. A conference call and webcast will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results.
Shareholders can submit and upvote questions via the Say Connect platform from February 8 to February 14, 2023, ahead of the earnings call. Backblaze serves over 500,000 customers globally, managing more than two billion gigabytes of data.
Backblaze, Inc. (Nasdaq: BLZE) reaffirmed its fiscal Q4 2022 and full-year 2022 guidance, projecting revenue growth of over 20% year-over-year. The anticipated revenue for Q4 is between $22.5 million and $22.9 million, and for the full year, it’s forecasted at $84.7 million to $85.1 million. Despite posting adjusted EBITDA margins of (14)% to (10)% for Q4, the company emphasized the robustness of its recurring revenue model. Backblaze's management will engage with investors at the upcoming Needham Growth Conference.
Backblaze, Inc. (Nasdaq: BLZE) has announced the launch of a new data region in the Eastern United States to enhance data storage options for customers. The U.S. East data center, IAD 1, located in Reston, Virginia, supports high-capacity storage and compliance with major security standards. This expansion allows for increased speed and geographic separation while offering free data egress for its Cloud Replication service. Backblaze aims to meet evolving data storage needs and enable businesses to replicate data more affordably.
Backblaze, Inc. (Nasdaq: BLZE) reported strong financial results for Q3 2022, with a total revenue of $22.1 million, a 27% increase year-over-year. B2 Cloud Storage revenue surged by 48%, reaching $8.8 million. Despite this growth, the company faced a net loss of $(12.8) million, compared to $(6.0) million in Q3 2021. Annual recurring revenue increased by 24% to $88.0 million. Looking ahead, Q4 revenue is projected between $22.5 million and $22.9 million, with adjusted EBITDA margins also improving.
Backblaze, the independent storage cloud company, has announced a new partner program aimed at resellers, integrators, and managed service providers. This program features a self-service portal, reserve pricing, and dedicated support, facilitating easier cloud storage integration. Key benefits for partners include discounted pricing, training resources, and a recurring 10% commission model for managed service providers and affiliates. Backblaze aims to enhance cloud storage accessibility and effectiveness for partners, fostering stronger business relationships and expanding their customer reach.
Backblaze (NASDAQ: BLZE), a leading independent storage cloud company, announced the appointment of Dr. Brian Beach as Chief Technology Officer (CTO) effective November 7, 2022. Brian Wilson, the previous CTO, transitions to an advisory role after 15 years of service. Brian Beach, a key figure at Backblaze since 2013, is recognized for his instrumental role in developing storage solutions and system architecture. The leadership change aims to enhance Backblaze's growth and innovation trajectory as it continues to serve over 500,000 customers globally.
Backblaze (BLZE) announced preliminary Q3 2022 results, indicating revenue between $22.0 million to $22.1 million, exceeding guidance of $21.4 million to $21.8 million. Adjusted EBITDA margin is projected to range from (9)% to (8)%, better than the prior forecast of (18)% to (14)%. Company attributes growth to a 45% year-over-year increase in Backblaze B2 Cloud Storage. Full financial results will be published on November 9, 2022.
Backblaze, Inc. (Nasdaq: BLZE) has appointed Robert Fitt as its new Chief Human Resources Officer (CHRO) to enhance HR functions including talent management, culture, and diversity efforts.
Fitt's experience spans over 20 years in HR leadership across various organizations. His role is crucial in supporting Backblaze's growth post-IPO, ensuring effective organizational design and employee engagement. The company, known for its strong workplace culture, aims to further its mission of making data storage easy and accessible.
Backblaze (NASDAQ: BLZE) has partnered with Stockperks to launch a Shareholder Perks Program, enhancing community engagement and providing exclusive rewards for investors. Current shareholders can access discounts on Backblaze's cloud services and branded merchandise through the Stockperks app. This initiative aims to create a stronger relationship between Backblaze and its retail investors. Backblaze continues to grow its customer base, currently servicing over 500,000 users globally. This partnership highlights Backblaze's commitment to fostering community among its shareholders.