earnings
confidence high
sentiment negative
materiality 0.70
Backblaze Q4 revenue up 28% to $18.7M; net loss widens to $9.6M, guides Q1 rev $19.0-19.5M
Backblaze, Inc.
2021-FY EPS reported
-$1.07
revenue$67,479,000
- Revenue $18.7M (+28% YoY); full-year $67.5M (+25%). B2 Cloud Storage revenue $6.6M (+56%), Computer Backup $11.9M (+16%).
- Net loss $9.6M ($0.38/shr) vs $3.4M ($0.18) in Q4 2020; adjusted EBITDA -$1.3M vs +$2.0M.
- ARR $75.4M (+27% YoY); B2 ARR $26.8M (+57%); NRR 110% (B2 130%, Backup 102%).
- Q1 2022 guidance: revenue $19.0-19.5M, adjusted EBITDA margin -20% to -16%.
- Full-year 2022 revenue guidance $83-86M with adjusted EBITDA margin -18% to -14%.