secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001628280-22-003018
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q4 revenue up 28% to $18.7M; net loss widens to $9.6M, guides Q1 rev $19.0-19.5M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828022003018/0001628280-22-003018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828022003018/blze-20220217.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-003018

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