secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001628280-21-024930
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828021024930/0001628280-21-024930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828021024930/blze-20211213.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-024930

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