Backblaze

Backblaze, Inc. operates as a cloud provider for businesses and consumers to store, use, and protect their data. The firm, through its storage cloud platform, provides a foundation for businesses, developers, IT professionals, and individuals to store, backup, and archive data, host content, manage media, and build their applications. It also offers B2 Cloud Storage and Computer Backup services. The company was founded by Timothy Nufire, Gleb Budman, Charles Jones, Kwok Hang Ng and Brian Wilson in 2007 and is headquartered in San Mateo, CA.

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Backblaze reports strong Q4 growth, aims for EBITDA breakeven

Backblaze showcased robust performance in Q4 2022, focusing on growth, partnerships, and financial metrics.
The company's strengths include competitive pricing, strategic partnerships, and a strong focus on data security.
Challenges include achieving adjusted EBITDA breakeven, scaling revenue, and attracting larger customers to B2 Cloud Storage.
Opportunities for Backblaze include expanding partnerships, leveraging AI trends, and capitalizing on the need for data lakes in organizations.

Backblaze reports solid Q1 growth, aims for profitability by Q4

Backblaze's Q1 2023 performance reflects growth in revenue, strategic cost-saving benefits, and a focus on achieving adjusted EBITDA breakeven by Q4.
The company's strengths include effective go-to-market strategies, competitive product offerings, and a skilled management team driving shareholder value.
Challenges include profitability targets, cost optimization without layoffs, and the need for impactful marketing strategies to increase brand awareness.
Opportunities exist in expanding partnerships, investor education, sustainability efforts, and demonstrating progress towards financial goals to attract stakeholders.

Backblaze reports strong revenue growth and aims for profitability

Backblaze's Q2 2023 performance showed revenue growth and strategic focus on achieving adjusted EBITDA breakeven.
The company's strengths include competitive advantages, emphasis on privacy, and benefits for shareholders.
Challenges lie in reaching profitability, addressing analyst concerns, and implementing cost-saving measures.
Opportunities for Backblaze include market expansion, AI applications, and optimizing growth strategies.

Backblaze reports robust Q3 performance and eyes AI expansion

Backblaze's Q3 performance was strong, with positive adjusted EBITDA and revenue growth.
The company's focus on innovation, customer expansion, and competitive pricing are key strengths.
Challenges include improving product adoption rates and managing price increases.
Opportunities lie in brand building, AI expansion, and tapping into the open cloud trend.

Backblaze reports strong Q4 performance, eyes upmarket growth opportunities

Backblaze delivered strong financial performance in Q4 2023, showcasing revenue growth, profitability, and customer retention, while outlining optimistic revenue guidance for Q1 and full-year 2024.
The company's strengths in attracting larger businesses, product innovation, and strategic market positioning position it well for continued growth and success.
Challenges such as evaluating customer metrics, declining license usage, managing CapEx, and market competition require strategic focus and adaptation.
Opportunities in moving upmarket, embracing innovation, and expanding product offerings present avenues for Backblaze to capitalize on market trends and drive future growth.

Backblaze reports record Q1 growth, eyes AI opportunities and expansion

Backblaze delivered a strong performance in Q1 2024, marked by record revenue growth, positive EBITDA, and strategic initiatives to drive innovation and customer value.
The company's strengths lie in its leadership in the open cloud movement, focus on AI storage solutions, and commitment to customer satisfaction and operational efficiency.
While facing challenges in leadership transition and scaling operations, Backblaze has opportunities to capitalize on AI growth, expand market reach, and enhance its competitive position.
Overall, Backblaze's Q1 results and strategic direction position it well for continued success, with a solid financial outlook and a focus on driving innovation and customer engagement.

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Backblaze, Inc. (NASDAQ:BLZE ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Mimi Kong - Director, Investor Relations & Corporate Development Gleb Budman - Chief Executive Officer & Chairperson Marc Suidan - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Ittai Kidron - Oppenheimer & Co. Eric Martinuzzi - Lake Street Capital Markets Ethan Widell - B. Riley Securities Operator Good day, and welcome to the Backblaze Third Quarter 2024 Earnings Call.

Backblaze, Inc. (BLZE) Q3 2024 Earnings Call Transcript

Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.21 per share a year ago.

Backblaze, Inc. (BLZE) Reports Q3 Loss, Tops Revenue Estimates

SAN MATEO, Calif.--(BUSINESS WIRE)---- $BLZE #CloudInfrastructure--The hot cloud storage alternative to traditional cloud providers today announced results for its third quarter ended September 30, 2024.

Backblaze Announces Record Adjusted EBITDA Margin as Part of Third Quarter 2024 Financial Results

SAN MATEO, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, and Opti9, an international leader in hybrid cloud solutions, today announced a partnership to bring the performance of Backblaze B2 Cloud Storage to Opti9's suite of managed service offerings and solutions.

Backblaze and Opti9 Partner to Bring High Performance and Low Cost Cloud Storage to Joint Customers

SAN MATEO, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its third quarter ending September 30, 2024 on Thursday, November 7, 2024 after market close.

Backblaze to Announce Third Quarter 2024 Results on November 7, 2024

The company's B2 cloud storage product is seeing strong year over year growth above 40%. Adjusted EBITDA margins are improving, and the business is likely to turn FCF positive next year. Shares are currently trading at an EV/FY25 adjusted EBITDA multiple of 11.7, with expectations for organic growth of 20% and improving margins in the coming years.

Backblaze: Cloud Storage Momentum Fuels Upside Potential

SAN MATEO, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that Dave Cotten and Teresa Dodson joined the company's sales leadership team.

Backblaze Deepens Sales Leadership Team

The consensus price target hints at a 71% upside potential for Backblaze (BLZE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Backblaze (BLZE) Have the Potential to Rally 70.97% as Wall Street Analysts Expect?

Backblaze (BLZE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Backblaze (BLZE) Rating Upgrade to Buy

Backblaze beat sales expectations in Q2 and posted a narrower-than-expected loss. The storage specialist also raised its full-year performance targets.

Why Backblaze Stock Skyrocketed Today

Backblaze, Inc. (NASDAQ:BLZE ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Mimi Kong - Director, Investor Relations & Corporate Development Gleb Budman - Co-Founder, Chief Executive Officer & Chairperson Frank Patchel - Chief Financial Officer Conference Call Participants Ittai Kidron - Oppenheimer & Co. Victor Chiu - Raymond James Jason Ader - WB Ethan Weidel - B. Riley Securities Jeff Van Rhee - Craig-Hallum Capital Group Mark Hagen - Lake Street Capital Markets.

Backblaze, Inc. (BLZE) Q2 2024 Earnings Call Transcript

Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.24 per share a year ago.

Backblaze, Inc. (BLZE) Reports Q2 Loss, Tops Revenue Estimates

43% revenue growth in B2 Cloud Storage, 27% revenue growth overall in Q2 2024 43% revenue growth in B2 Cloud Storage, 27% revenue growth overall in Q2 2024

Backblaze Announces Second Quarter 2024 Financial Results

SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced Marc Suidan is joining the company as Chief Financial Officer (CFO), effective August 16, 2024.

Backblaze Names Marc Suidan Chief Financial Officer

Sales leader joins executive team to further drive innovation and growth Sales leader joins executive team to further drive innovation and growth

Backblaze Names Jason Wakeam Chief Revenue Officer

SAN MATEO, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its second quarter ending June 30, 2024 on Thursday, August 8, 2024 after market close.

Backblaze to Announce Second Quarter 2024 Results on August 8, 2024

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Stocks to Buy: 3 Breakout Stars to Transform Your Portfolio

Backblaze has considerable pricing advantages over its competitors in cloud data storage business. Surge in AI demand for data storage services drives the strong revenue growth. Backblaze is working hard to control expenses.

It Is Time To Dip A Toe In Backblaze

SAN MATEO, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, is set to join the broad-market Russell 3000® and small-cap Russell 2000® Indexes in connection with the Russell U.S. Indexes annual reconstitution, effective Monday, July 1, 2024.

Backblaze Set to Join Russell 3000 and 2000 Indexes

Cloud backup innovator and cyber insurance company close gaps in business continuity planning by adding Backblaze Computer Backup to the Coalition Control® cyber risk management platform Cloud backup innovator and cyber insurance company close gaps in business continuity planning by adding Backblaze Computer Backup to the Coalition Control® cyber risk management platform

Backblaze Partners with Coalition to Elevate Cyber Risk Protection and Compliance

Backlink-building and SEO firm LinkDaddy announces the expansion of its Cloud Authority Backlink service, recently adding the Backblaze platform to its portfolio. Miami, Florida--(Newsfile Corp. - June 10, 2024) - LinkDaddy has recently added Backblaze to its Cloud Authority Backlink capability, building on an extensive portfolio that also includes over 14 other well-known cloud hosting providers.

Cloud Authority Backlink & SEO Firm LinkDaddy Announces Adoption Of Backblaze

New offering empowers sports media teams, live news and event producers to edit and share highlights while raw files are still uploading, speeding engagement and revenue New offering empowers sports media teams, live news and event producers to edit and share highlights while raw files are still uploading, speeding engagement and revenue

Backblaze Introduces Live Read to Level Up Media Production and Other Cloud Workflows

New Internet2 industry membership, Cloud Scorecard, and peered connection provide compliant, performant cloud storage for fast-growing datasets New Internet2 industry membership, Cloud Scorecard, and peered connection provide compliant, performant cloud storage for fast-growing datasets

Backblaze Plugs Into Internet2 to Expand Service for Research and Education Institutions

SAN MATEO, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud, today announced participation in the following investor conference:

Backblaze to Present at the 19th Annual Needham Technology, Media, & Consumer Conference

Backblaze, Inc. (NASDAQ:BLZE ) Q1 2024 Results Conference Call May 8, 2024 4:30 PM ET Company Participants Mimi Kong - Investor Relations and Corporate Development Gleb Budman - Co-Founder, CEO & Chairperson Frank Patchel - CFO Conference Call Participants Simon Leopold - Raymond James Zach Cummins - B. Riley Securities Jason Ader - William Blair Bruce Goldfarb - Lake Street Capital Markets Operator Hello, and welcome to the Backblaze First Quarter 2024 Conference Call.

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