Backblaze, Inc. - BLZE STOCK NEWS

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.

Backblaze (Nasdaq: BLZE), a leader in independent storage cloud solutions, will present at the Sidoti September Small Cap Virtual Investor Conference on September 21, 2022, from 10:45 to 11:15 am PT. Co-founder and CEO Gleb Budman along with CFO Frank Patchel will lead the presentation via webcast. Investors can access the event through Backblaze’s investor relations website, with an archived version available for 90 days post-event. Backblaze manages over two billion gigabytes of data for more than 500,000 customers globally.

Backblaze, a cloud storage provider, reported Q2 2022 results with 28% revenue growth year-over-year, totaling $20.7 million. B2 Cloud Storage revenue surged by 45%, reaching $7.7 million, fueled by record data additions. Despite these gains, the company faced a net loss of $(11.6) million, widening from $(2.4) million in Q2 2021. Adjusted gross profit stood at $15.9 million (77% of revenue). For Q3, Backblaze forecasts revenue between $21.4 million and $21.8 million, with adjusted EBITDA margins projected between (18)% to (14)%.

Backblaze (Nasdaq: BLZE) announced that investors can submit and upvote questions for its upcoming Q2 earnings call on August 9, 2022. This initiative allows verified retail and institutional shareholders to directly engage with management regarding business and financial results. Questions must be submitted via the Say Connect platform by August 9 at 1:30 p.m. PT. Attendees can listen to the earnings call through a webcast or by phone. Backblaze, established in 2007, manages over two billion gigabytes of data across 500,000 customers globally.

Kevin Gavin joins Backblaze as chief marketing officer to enhance brand presence and drive growth following the company's IPO in November 2021. With over 30 years of marketing expertise, Gavin aims to deepen customer engagement and expand brand awareness. CEO Gleb Budman emphasized Gavin’s proven track record in leading high-growth teams within public companies. Backblaze, serving over 500,000 customers globally, continues to prioritize user-friendly data storage and protection solutions, furthering its mission to simplify data management.

Backblaze (Nasdaq: BLZE) will announce its financial results for Q2 2022 on August 9, 2022, after market close. A conference call and webcast will follow at 1:30 p.m. PT to discuss the results. Shareholders can submit questions via the Say Connect platform from August 2 to August 8. Backblaze, established in 2007, provides a cloud storage platform for businesses and individuals, managing nearly two exabytes of data for over 500,000 customers globally.

Backblaze (Nasdaq: BLZE) has partnered with Veritas to integrate B2 Cloud Storage within Veritas’ Backup Exec service. This collaboration aims to provide small and midsize businesses with a cost-effective, S3-compatible object storage solution for data backup and recovery. Backup Exec simplifies data management across various storage devices, allowing easy configuration for B2 Cloud Storage at a fraction of traditional costs. The partnership emphasizes simplification, hybrid-cloud adoption, and reduced costs, with B2 Cloud Storage offered at one-fifth the price of conventional options.