secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-036099
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828024036099/0001628280-24-036099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828024036099/blze-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036099

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