This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. For more information, please go to Cautionary Note Regarding Forward-looking Statements Founded in 2007, the company is headquartered in San Mateo, CA.
#BACKBLAZE CALCULATOR ARCHIVE#
With nearly two billion gigabytes of data storage under management, the company currently helps approximately 500,000 customers in over 175 countries to back up & archive data, protect it from ransomware, host content, manage media, build their applications, and more. īackblaze is a leading independent cloud provider that makes it astonishingly easy for businesses and consumers to store, use, and protect their data.
Phone registrants will receive dial-in information via email.Īn archive of the webcast will be available shortly after its completion on the Investor Relations section of the Backblaze website at. Revenue between $17.7 million to $18.2 million.Īdjusted EBITDA margin between -10% to -6%.īackblaze will host a conference call today, December 13, 2021, at 2 p.m. This does not include net cash proceeds of $103 million from our IPO in November 2021.īased on information available as of December 13, 2021, for the fourth quarter of 2021 we expect: Net loss per share was $(0.32) compared to $(0.10) in Q3 2020.Īdjusted EBITDA was $0.8 million, or 5% of revenue, compared to $2.8 million and 20% of revenue in Q3 2020.Ĭash and cash equivalents were $4.7 million as of September 30, 2021. Net loss was $6.0 million compared to $1.9 million in Q3 2020. Gross profit of $8.8 million, or 51% of revenue, compared to $6.7 million and 49% of revenue, in Q3 2020.Īdjusted gross profit of $12.8 million, or 74% of revenue, compared to $10.0 million and 72% of revenue in Q3 2020. Revenue was $17.3 million, an increase of 25% year-over-year (YoY).ī2 Cloud Storage revenue was $6.0 million, an increase of 59% YoY.Ĭomputer Backup revenue was $11.2 million, an increase of 13% YoY. We believe the future is being built on independent clouds, and we plan to use our IPO proceeds to help accelerate future growth in this large and fast-growing market," continued Mr.
"Our successful IPO in November was an important milestone for the company and a recognition by the markets of the mid-market public cloud storage opportunity.
"We delivered continued strong Q3 growth overall, led by rapid 59% revenue growth in B2 Cloud Storage and consistent double-digit growth of 13% in Computer Backup," said Gleb Budman, CEO of Backblaze. (Nasdaq: BLZE), a leading storage cloud platform, today announced results for its third quarter ended September 30, 2021. SAN MATEO, Calif., December 13, 2021-( BUSINESS WIRE)-Backblaze, Inc. 59% Revenue Growth in B2 Cloud Storage, 25% Revenue Growth Overall