secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001462056-23-000184
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q2 revenue up 19% to $24.6M; net loss widens to $14.3M; B2 storage grows 39%
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- Revenue $24.6M (+19% YoY); B2 Cloud revenue $10.8M (+39% YoY); ARR $97.3M (+18%).
- Net loss $14.3M ($0.41/share) vs. $11.6M ($0.37) in Q2 2022; Adj. EBITDA loss $(1.8)M (7% of rev) vs. $(1.9)M (9%).
- Customers >$50K ARR grew 54% to 74; largest computer backup deal signed with global social media company.
- Eliminated dual-class stock structure in July 2023; all shares now have equal voting rights.
- Q3 revenue guidance $25.0-$25.4M; full-year guidance unchanged $98-$102M; adj. EBITDA margin improved to (8.5)% to (4.5)% from (10)% to (6)%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000146205623000184/0001462056-23-000184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000146205623000184/blze-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001462056-23-000184

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