earnings
confidence high
sentiment negative
materiality 0.75
Backblaze Q1 revenue $19.5M (+27% YoY), net loss $(12.5)M vs $(3.7)M
Backblaze, Inc.
2022-Q1 EPS reported
-$0.41
revenue$19,490,000
- Revenue $19.5M (+27% YoY); B2 Cloud Storage $7.0M (+48%), Computer Backup $12.3M (+18%)
- Net loss $(12.5)M vs $(3.7)M; Non-GAAP net loss $(8.7)M vs $(2.8)M
- Adjusted EBITDA $(3.0)M (-15% revenue) vs prior $2.1M (+14%)
- ARR $79.0M (+28% YoY); B2 Cloud ARR $28.4M (+47%); Computer Backup ARR $50.6M (+19%)
- Q2 rev guidance $20.2-20.6M; FY22 rev $83-86M; adj EBITDA margins remain negative