secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001462056-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q4 revenue up 25% YoY to $28.7M; first adjusted EBITDA positive
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- Q4 revenue $28.7M (+25% YoY); B2 Storage $14.0M (+47% YoY); Computer Backup $14.7M (+10% YoY).
- Adjusted EBITDA $1.6M (6% revenue) vs $(2.5)M loss in Q4 2022 – first positive as public company.
- Net loss $11.4M ($0.30/share) improved from $14.5M ($0.44) YoY; Non-GAAP net loss $5.6M ($0.15/share).
- FY2024 guidance: revenue $126-128M, adjusted EBITDA margin 8-10%.
- Cash usage reduced >70% QoQ to $2.4M; ARR $117.6M (+28% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000146205624000019/0001462056-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000146205624000019/blze-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001462056-24-000019

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