secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012617
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q1 revenue $19.5M (+27% YoY), net loss $(12.5)M vs $(3.7)M
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828022012617/0001628280-22-012617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828022012617/blze-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012617

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