Backblaze Q3 revenue $22.1M (+27% YoY); net loss widens to $(12.8)M; FY guidance narrowed

Backblaze, Inc.

2022-Q3 EPS reported -$1.18 revenue$62,229,000

Revenue of $22.1M (+27% YoY); B2 Cloud Storage revenue $8.8M (+48%), Computer Backup $13.1M (+17%).
Net loss $(12.8)M vs $(6.0)M; GAAP loss per share $(0.40); non-GAAP loss per share $(0.25).
ARR $88.0M (+24% YoY); B2 ARR $35.7M (+45%); overall NRR 114% (B2 123%).
Full-year 2022 revenue guidance narrowed to $84.7-$85.1M; adj. EBITDA margin improved to (12)-(11)% from (17)-(13)%.
Q4 2022 revenue guidance $22.5-$22.9M; adj. EBITDA margin (14)% to (10)%; cash $80.0M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Backblaze, Inc. reported the quarter ended September 30, 2022 results: revenue $22.1 million, net income $(12.8) million, EPS $(0.40). Guidance raised.

Period: the quarter ended September 30, 2022
Revenue: $22.1 million
Net income: $(12.8) million
EPS: $(0.40)
Guidance: raised
Result: reported results

Exact text from the filing

signing of several new national resellers. We are pleased to continue to scale in an uneven macro-economic environment.” Third Quarter 2022 Financial Highlights: • Revenue of $22.1 million, an increase of 27% year-over-year (YoY). • B2 Cloud Storage revenue was $8.8 million, an increase of 48% YoY. • Computer Backup revenue was $13.1 million, an increase of 17%

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Source: SEC EDGAR

accession 0001462056-22-000018

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