Backblaze Q4 revenue $22.9M (+23% YoY); net loss widens to $14.8M, guides FY2023 rev $98-102M

Backblaze, Inc.

2022-FY EPS reported -$1.62 revenue$85,155,000

Q4 revenue $22.9M (+23% YoY); B2 Cloud Storage revenue up 44% to $9.5M.
Net loss $14.8M ($0.45/share) vs $9.6M loss in Q4 2021; adjusted EBITDA -$2.5M (-11% of revenue).
ARR $92M (+22% YoY); B2 Cloud Storage ARR $38.6M (+44%); net revenue retention 113%.
Full-year 2022 revenue $85.2M (+26%); net loss $51.7M vs $21.7M in 2021.
Q1 2023 guidance: revenue $23.1-23.5M, adj. EBITDA margin (15)% to (11)%; FY2023 rev $98-102M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Backblaze, Inc. reported financial results for the fiscal quarter and fiscal year ended December 31, 2022.

Period: the fiscal quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 15, 2023, Backblaze, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter and fiscal year ended December 31, 2022.

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Backblaze, Inc. filing history →

Source: SEC EDGAR

accession 0001462056-23-000073

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