Welcome to our dedicated page for Backblaze news (Ticker: BLZE), a resource for investors and traders seeking the latest updates and insights on Backblaze stock.
Backblaze, Inc. (NASDAQ: BLZE) provides innovative cloud storage and backup solutions through its cost-effective Infrastructure-as-a-Service model. This news hub delivers timely updates about the company’s strategic developments, financial performance, and technological advancements in data management.
Access official press releases, earnings reports, and analysis of key initiatives including product launches, partnership announcements, and operational milestones. Investors and industry observers will find curated updates on Backblaze’s cloud storage innovations like Live Read technology, enterprise solutions, and market expansion efforts.
This resource consolidates essential information for tracking BLZE’s progress in the competitive cloud services sector. Content categories include quarterly financial results, leadership updates, service enhancements, and cybersecurity developments. All materials maintain factual focus without speculative commentary.
Bookmark this page for streamlined access to Backblaze’s evolving story in cloud infrastructure. Check regularly for updates that could impact your understanding of the company’s market position and growth trajectory.
Backblaze, Inc. (Nasdaq: BLZE) will be presenting at the 19th Annual Needham Technology, Media, & Consumer Conference in New York, NY. The founder and CEO, Gleb Budman, will be presenting on May 15, 2024, at 10:15 a.m. ET. The presentation will be webcasted and available on Backblaze's investor relations website.
Backblaze, Inc. (Nasdaq: BLZE) reported a 28% revenue growth in Q1 2024, with B2 Cloud Storage revenue increasing by 47%. Gross profit increased to $15.8 million, with adjusted EBITDA margin at 6%. The company introduced Event Notifications and announced a partnership with Axle AI. Annual recurring revenue was up 27% to $122.1 million. Financial outlook for Q2 2024 includes revenue between $30.7 to $31.1 million and adjusted EBITDA margin between 6% to 8%. For full-year 2024, revenue is expected to be between $126.0 to $128.0 million.
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