Backblaze Q3 revenue up 25% to $17.3M; net loss widens to $6.0M

Backblaze, Inc.

B2 Cloud Storage revenue surged 59% YoY to $6.0M; Computer Backup up 13% to $11.2M.
Net loss per share $(0.32) vs $(0.10) in Q3 2020; adjusted EBITDA margin fell to 5% from 20%.
ARR grew 28% YoY to $70.8M; B2 Cloud Storage ARR rose 58% to $24.6M.
Q4 guidance: revenue $17.7M-$18.2M; adjusted EBITDA margin between -10% and -6%.
IPO in November 2021 added ~$103M net cash proceeds, not in balance sheet as of Sep 30.

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