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Backblaze, Inc. (Nasdaq: BLZE) is a prominent provider of cloud storage and backup solutions. Founded in 2007 and headquartered in San Mateo, CA, Backblaze offers a range of services designed to make data storage, management, and protection easy and affordable for individuals and businesses worldwide.
The company's flagship product, Backblaze B2 Cloud Storage, is a consumption-based Infrastructure-as-a-Service (IaaS) solution that allows customers to store and manage data efficiently. Ideal for developers and IT professionals, B2 Cloud Storage supports use cases such as backups, multi-cloud setups, application development, and ransomware protection. Priced at $0.005/GB/month, it is one of the most cost-effective solutions in the market.
Another key offering is Backblaze Computer Backup, which provides unlimited backup for personal and business computers at $5/month. This service automatically backs up data from laptops and desktops, ensuring that critical information is always protected and accessible.
The company's robust cloud infrastructure, known as the Backblaze Storage Cloud, supports over three billion gigabytes of data for more than 500,000 customers across 175 countries. Backblaze's solutions are integral for building applications, hosting content, managing media, and archiving important data.
Recent achievements highlight Backblaze's commitment to innovation and expansion. The company reported 47% revenue growth in B2 Cloud Storage and 25% overall revenue growth in Q4 2023. Additionally, Backblaze has been added to Carahsoft’s NASPO ValuePoint contract, simplifying procurement processes for state, local, and educational institutions. This partnership enhances Backblaze’s reach in the public sector, offering affordable and reliable data management solutions.
In the media and entertainment sector, Backblaze has joined the Trusted Partner Network (TPN), demonstrating its commitment to rigorous information security standards. This membership is crucial for safeguarding intellectual property and ensuring secure content exchange.
Furthermore, Backblaze has launched Live Read, a patent-pending feature that enhances media workflows by allowing teams to edit and share content while files are still uploading. This innovative service is set to revolutionize live media use cases, speeding up engagement and revenue generation.
Backblaze's dedication to affordability, ease of use, and security makes it a leading choice for cloud storage and backup. For more information, visit www.backblaze.com.
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.
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.
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