other material
confidence high
sentiment positive
materiality 0.55
Backblaze raises 2023 revenue guidance to $100-102M, improves EBITDA margin outlook
Backblaze, Inc.
- 2023 revenue guidance raised to $100-102M from $98-102M, midpoint now $101M.
- Adjusted EBITDA margin outlook improved to (6.5%)-(4.5%) from (8.5%)-(4.5%).
- Targets $20M ending cash balance in 2024 and cash flow positive by mid-2025.
- Q3 2023 guidance unchanged: revenue $25.0-25.4M, Adj. EBITDA margin (8%)-(4%).