secwatch.observer — SEC 8-K summary
======================================

Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001462056-22-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000146205622000018/0001462056-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000146205622000018/blze-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001462056-22-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer