Backblaze Q3 revenue $25.3M (+15% YoY); net loss $16.1M; ARR $100.9M; guides Q4 rev $27.9-28.7M

Backblaze, Inc.

2023-Q3 EPS reported -$1.35 revenue$73,282,000

Revenue $25.3M (+15% YoY); B2 Cloud Storage revenue $11.6M (+31% YoY).
Net loss $16.1M ($0.44 per share) vs $12.8M ($0.40) in Q3 2022.
Adjusted EBITDA loss improved to $(0.8)M (3% rev) from $(1.9)M (8% rev).
ARR reached $100.9M (+15% YoY); B2 Cloud ARR $46.8M (+31%).
Q4 guidance: rev $27.9-28.7M, adj EBITDA margin 1-3%; FY rev raised to $101.2-102.0M.

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 third quarter ended September 30, 2023 results: revenue $25.3 million, net income $16.1 million, EPS $0.44. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $25.3 million
Net income: $16.1 million
EPS: $0.44
Guidance: raised
Result: reported results

Exact text from the filing

positions us for profitable growth while continuing to offer customers a compelling and cost effective storage solution.” Third Quarter 2023 Financial Highlights: • Revenue of $25.3 million, an increase of 15% year-over-year (YoY). • B2 Cloud Storage revenue was $11.6 million, an increase of 31% YoY. • Computer Backup revenue was $13.7 million, an increase of 4%

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Backblaze, Inc. filing history →

Source: SEC EDGAR

accession 0001462056-23-000203

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