Braze, Inc. - BRZE STOCK NEWS

Braze (BRZE) has released its third annual Environmental, Social, and Governance (ESG) report, highlighting significant progress in sustainability and social impact initiatives. Key achievements include:

1. Environment: Committed to a science-based target and joined a Virtual Power Purchase Agreement to fund five solar facilities in Michigan, pledging to buy 1,600 MWh of clean power annually for five years.

2. Social: Surpassed $1.8 million in charitable grants to 100+ nonprofits globally, expanded the Tech for an Equitable Future program supporting underrepresented founders, and achieved a perfect score in the HRC 2023-2024 Corporate Equality Index.

3. Governance: Published a Vendor Code of Conduct, maintained ISO 27001 certification and SOC 2 Type 2 compliance for four years, and added Yvonne Wassenaar to the board of directors.

Braze, a leading customer engagement platform, has launched the Braze Data Platform, enhancing data unification, activation, and distribution capabilities for brands. This platform allows seamless integration with leading cloud data platforms, data warehouses, and software providers, enabling brands to leverage first-party data efficiently. Key features include CDI Segments for zero-copy data access, enhanced data management with Braze Catalogs, and integrations with tools like Amplitude, Contentsquare, Mixpanel, and Snowplow for deeper data analysis. The platform aims to help marketers personalize experiences and drive customer engagement.

Braze (Nasdaq: BRZE) reported robust financial results for its fiscal Q1 2025, ending April 30, 2024. Revenue rose by 33.1% YoY to $135.5 million, driven by new customers, upsells, and renewals, despite a $0.8 million revenue reserve due to an April service outage. Subscription revenue reached $130.1 million, while professional services and other revenue were $5.4 million.

GAAP gross margin was 67.1%, and non-GAAP gross margin was 67.9%. The company had a GAAP operating loss of $40.1 million and a non-GAAP operating loss of $10.0 million. GAAP net loss per share was $0.35, and non-GAAP net loss per share was $0.05. Braze ended the quarter with $487.7 million in cash and equivalents.

Notable business wins included companies like Bauer Media Group and Hugo Boss, while significant upsells included Etsy and Lime. Braze is expanding geographically with new offices in Brazil, Romania, UAE, and South Korea, and plans a new data center in Indonesia.

For Q2 2025, Braze forecasts revenue between $140.5 million and $141.5 million, and a non-GAAP net loss per share between $0.03 and $0.04. For FY 2025, revenue is expected to be between $577 million and $581 million, with a non-GAAP net loss per share between $0.06 and $0.10.

Braze (Nasdaq: BRZE), a leading customer engagement platform, has appointed Yvonne Wassenaar to its Board of Directors and Audit Committee. Wassenaar, an experienced cloud and SaaS executive, brings extensive expertise in scaling and transforming businesses. She replaces Doug Pepper, who will remain as a Board Observer.

Wassenaar has a robust background, having served as CEO of Puppet, Airware, and held various roles at New Relic and VMware. She currently serves on several other boards including Arista Networks, Forrester Research, InfoBlox, JFrog, and Rubrik. Braze CEO Bill Magnuson highlighted her vast experience and leadership as vital for the company's next growth phase.

Braze (NASDAQ: BRZE), a leading customer engagement platform, will release its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The announcement will be made after U.S. markets close on June 6, 2024.

A webcast conference call to discuss the financial results will be held on the same day at 4:30 pm ET (1:30 pm PT), and it will be accessible through the Investor section of Braze's website. A replay of the webcast will be available shortly after the live event.

Braze (Nasdaq: BRZE) has announced plans to expand its global footprint by establishing a direct presence in São Paulo, Bucharest, Dubai, and Seoul. This move aims to strengthen Braze's reach in key regions across Asia-Pacific (APAC), Europe, the Middle East, and Africa (EMEA), and Latin America (LATAM). The company has a history of working with customers in South Korea and Brazil through resellers, supporting brands like iFood and Interpark.com. The expansion includes the addition of local teams, leadership hires, and future office establishments. Braze is also investing in new communication channels such as WhatsApp, Line, and KakaoTalk. This step aligns with Braze's strategy to enhance customer engagement and support in emerging markets.