Backblaze Q2 revenue up 27% to $31.3M; posts adjusted EBITDA profit; new CFO named

Backblaze, Inc.

2024-Q2 EPS reported -$0.52 revenue$61,253,000

Revenue $31.3M (+27% YoY); B2 Cloud Storage $15.4M (+43% YoY); Computer Backup $15.9M (+15% YoY).
Net loss narrowed to $10.3M ($0.25/share) from $14.3M ($0.41) in Q2 2023; Non-GAAP net loss $0.11/share.
Adjusted EBITDA $2.7M (9% of revenue) vs -$1.8M (-7%) in Q2 2023; Q3 guidance rev $32.4-32.8M.
ARR $126.3M (+30% YoY); B2 ARR $62.8M (+44%); NRR 114%; gross customer retention 90%.
CFO Frank Patchel retiring Aug 16; Marc Suidan appointed CFO with $440k salary and 300k RSUs.

item 2.02 item 9.01 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Frank Patchel

Chief Financial Officer

BLZE · Backblaze, Inc.

Effective: 2024-08-16
Successor: Marc Suidan
Filed: August 8, 2024, 7:59 PM ET

Frank Patchel will be retiring from his position as Chief Financial Officer (and Principal Financial and Accounting Officer) of the Company, effective August 16, 2024.

Appointed

Marc Suidan

Chief Financial Officer

BLZE · Backblaze, Inc.

Effective: 2024-08-16
Filed: August 8, 2024, 7:59 PM ET

Marc Suidan will be joining the Company as Chief Financial Officer (and Principal Financial and Accounting Officer), effective August 16, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Patchel departed as Chief Financial Officer at Backblaze, Inc..

Action: retiring
Role: Chief Financial Officer

Exact text from the filing

Frank Patchel will be retiring from his position as Chief Financial Officer (and Principal Financial and Accounting Officer) of the Company, effective August 16, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Suidan was appointed as Chief Financial Officer at Backblaze, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Marc Suidan will be joining the Company as Chief Financial Officer (and Principal Financial and Accounting Officer), effective August 16, 2024.

View on SEC.gov

Backblaze, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-036099

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