Backblaze, Inc. (BLZE) shares soared 8.6% in the last trading session to close at $9.12. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.7% gain over the past four weeks.The upswing in share price came after the company introduced "Powered by Backblaze", a new program designed to enable businesses to integrate cloud storage into their services with greater ease. The program targets independent software vendors, technology part ...

SAN MATEO, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the leading specialized storage cloud, today announced the launch of Powered by Backblaze. This program helps independent software vendors (ISV), technology partners, and other companies take the complexity out of offering object storage within their branded user experience so that they can focus on enabling customer success and growing revenue. "Backblaze has built the leading specialized storage cloud," said Gleb Budman, C ...

SAN MATEO, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the leading specialized cloud storage platform, will report financial results for its fourth quarter and fiscal year ending December 31, 2023 on Thursday, February 15, 2024 after market close. Following the release of results, Backblaze will host a conference call and webcast at 1:30 p.m. PT (4:30 p.m. ET) on February 15, 2024 to discuss the results. Attend the webcast: https://edge.media-server.com/mmc/p/twbh9cnvRegister to ...

SAN MATEO, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the leading specialized storage cloud, today announced that David Ngo has joined the company as Chief Product Officer (CPO). A Software as a Service (SaaS) data protection industry veteran with more than 25 years of global leadership experience, Ngo will spearhead the company's global product management function, shaping the strategy, crafting the technology roadmap and overseeing execution. Ngo previously served as the glob ...

SAN MATEO, Calif., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the leading specialized storage cloud, today leveled up its endpoint backup solution with the launch of Backblaze Computer Backup with Enterprise Control. With more than 400,000 customers, Backblaze Computer Backup has been a favorite backup solution—named "The Best Online Cloud Backup Service" by the New York Times' Wirecutter—for businesses and individuals for more than 15 years. Enterprise Control brings the value busines ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value per shareBLZE The Nasdaq Stock Market LLC For the transition period from to ___________________________________ (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Large accelerated filer ¨ Accelerated filer o Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ Part II - Other Information 41 Item 1. Le ...

Backblaze, Inc. (NASDAQ:BLZE) Q3 2023 Earnings Conference Call November 8, 2023 6:00 PM ET Company Participants Mimi Kong - Director of Investor Relations Gleb Budman - Co-Founder, Chief Executive Officer & Chairperson Frank Patchel - Chief Financial Officer Mimi Kong - New Director, Investor Relations Conference Call Participants Simon Leopold - Raymond James Ittai Kidron - Oppenheimer Chad Bennett - Craig-Hallum Erik Suppinger - JMP Securities Eric Martinuzzi - Lake Street Capital Markets Zach Cummins - B ...

FORM 10-Q Filing Information This section outlines the company's quarterly report filing, covering its period, filer classification, and stock exchange listing - The document is a Quarterly Report on Form 10-Q for the period ended June 30, 2023[3](index=3&type=chunk) - The registrant is classified as a Non-accelerated filer, Smaller reporting company, and Emerging growth company[4](index=4&type=chunk) - Class A Common Stock, with a **$0.0001 par value per share**, is registered on The Nasdaq Stock Market LLC under the trading symbol BLZE[21](index=21&type=chunk) Special Note Regarding Forward-Looking Statements This section cautions investors about forward-looking statements, highlighting inherent risks and uncertainties that may cause actual results to differ materially - Forward-looking statements in this report involve known and unknown risks, uncertainties, and other important factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied[7](index=7&type=chunk) - Key areas of forward-looking statements include the company's ability to sell to new customers, retain and expand existing customers, manage growth, obtain timely returns on investments, maintain competitive advantages, expand its partner ecosystem, maintain platform security, expand into new markets, attract and retain qualified employees, defend litigation, manage the impact of disruptive events, remediate internal control weaknesses, and handle public company expenses[7](index=7&type=chunk) - Investors are cautioned not to unduly rely on these statements, as they are inherently uncertain and based on potentially limited or incomplete information available as of the report date[8](index=8&type=chunk) PART I - FINANCIAL INFORMATION (unaudited) This part presents the company's unaudited condensed consolidated financial statements and management's discussion and analysis of financial condition and results of operations [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) This section presents the company's unaudited condensed consolidated financial statements, including balance sheets, statements of operations, statements of changes in stockholders' equity, and statements of cash flows, along with comprehensive notes detailing accounting policies and specific financial items [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's financial position, detailing assets, liabilities, and stockholders' equity at specific points in time **Condensed Consolidated Balance Sheets (in thousands):** | Metric | June 30, 2023 | December 31, 2022 | | :------------------------- | :------------ | :---------------- | | Total Assets | $134,555 | $152,458 | | Total Liabilities | $80,370 | $83,710 | | Total Stockholders' Equity | $54,185 | $68,748 | - Total assets decreased by approximately **11.7%** from December 31, 2022, to June 30, 2023[10](index=10&type=chunk) - Total stockholders' equity decreased by approximately **21.2%** over the same period[29](index=29&type=chunk) [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) This section outlines the company's financial performance over specific periods, showing revenue, gross profit, operating loss, and net loss **Condensed Consolidated Statements of Operations (in thousands, except per share data):** | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Revenue | $24,589 | $20,688 | $47,983 | $40,178 | | Gross Profit | $12,051 | $11,132 | $23,020 | $20,941 | | Loss from Operations | $(13,914) | $(10,819) | $(30,714) | $(22,508) | | Net Loss | $(14,337) | $(11,575) | $(31,450) | $(24,105) | | Net Loss per Share, Basic and Diluted | $(0.41) | $(0.37) | $(0.91) | $(0.78) | - Revenue increased by **19%** for both the three and six months ended June 30, 2023, compared to the prior year periods[12](index=12&type=chunk) - Net loss increased for both the three and six months ended June 30, 2023, indicating higher operating expenses relative to revenue growth[12](index=12&type=chunk) [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders'%20Equity) This section details the changes in the company's stockholders' equity over a period, reflecting net loss, stock issuances, and stock-based compensation **Changes in Stockholders' Equity (Six Months Ended June 30, 2023, in thousands):** | Activity | Amount | | :---------------------------------------------------- | :------- | | Balance as of December 31, 2022 | $68,748 | | Net loss | $(31,450) | | Issuance of Class A common stock upon exercise of stock options | $2,055 | | Issuance of Class A common stock related to ESPP | $1,171 | | Stock-based compensation | $11,813 | | Stock-based compensation related to 2022 Bonus Plan | $1,848 | | Balance as of June 30, 2023 | $54,185 | - The total stockholders' equity decreased from **$68,748 thousand** at December 31, 2022, to **$54,185 thousand** at June 30, 2023, primarily due to the net loss[59](index=59&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section presents the company's cash inflows and outflows from operating, investing, and financing activities over specific periods **Condensed Consolidated Statements of Cash Flows (Six Months Ended June 30, in thousands):** | Cash Flow Activity | 2023 | 2022 | | :---------------------------------------------------- | :--------- | :--------- | | Net cash used in operating activities | $(10,428) | $(8,192) | | Net cash provided by (used in) investing activities | $17,027 | $(85,006) | | Net cash used in financing activities | $(3,876) | $(4,408) | | Net increase (decrease) in cash, restricted cash and restricted cash, non-current | $2,723 | $(97,606) | | Cash, restricted cash and restricted cash, non-current at end of period | $13,888 | $7,406 | - Net cash provided by investing activities significantly improved in H1 2023 to **$17.0 million**, compared to a net use of **$85.0 million** in H1 2022, primarily due to maturities of marketable securities[16](index=16&type=chunk) - Cash and restricted cash at the end of the period increased to **$13.9 million** in H1 2023 from **$7.4 million** in H1 2022[16](index=16&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and disclosures supporting the condensed consolidated financial statements, outlining accounting policies and specific financial items [Note 1. Organization and Description of Business](index=10&type=section&id=Note%201.%20Organization%20and%20Description%20of%20Business) This note describes Backblaze, Inc. as a storage cloud platform offering solutions for businesses and consumers to store and use their data - Backblaze, Inc. is a storage cloud platform offering solutions for businesses and consumers to store and use their data[37](index=37&type=chunk) - The company provides cloud services through purpose-built, web-scale software built on commodity hardware[37](index=37&type=chunk) [Note 2. Basis of Presentation and Summary of Significant Accounting Policies](index=10&type=section&id=Note%202.%20Basis%20of%20Presentation%20and%20Summary%20of%20Significant%20Accounting%20Policies) This note outlines the basis for preparing the financial statements and summarizes the key accounting policies applied, including revenue recognition and credit loss standards - The condensed consolidated financial statements are prepared in accordance with GAAP and SEC rules for interim financial reporting[38](index=38&type=chunk) - The company is an Emerging Growth Company (EGC) and has elected to use the extended transition period for complying with new or revised accounting standards[64](index=64&type=chunk) - Backblaze operates as a single operating and reportable segment[65](index=65&type=chunk) - Revenue is primarily derived from Backblaze B2 Cloud Storage and Backblaze Computer Backup offerings[44](index=44&type=chunk) - The company adopted ASU 2016-13 (Topic 326) on credit losses effective January 1, 2023, with no material impact on its financial statements[48](index=48&type=chunk) [Note 3. Revenues](index=12&type=section&id=Note%203.%20Revenues) This note disaggregates the company's revenue by product, arrangement type, and geographic area for the reported periods **Revenue Disaggregated by Product (in thousands):** | Product | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | B2 Cloud Storage | $10,79

Backblaze, Inc. (NASDAQ:BLZE) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants James Kisner - Vice President, Investor Relations & Financial Planning Gleb Budman - Co-Founder, Chief Executive Officer & Chairperson Frank Patchel - Chief Financial Officer Mimi Kong - New Director, Investor Relations Conference Call Participants Chad Bennett - Craig-Hallum Elle Niebuhr - Lake Street Capital Markets Erik Suppiger - JMP Securities Simon Leopold - Raymond James Zach Cummins - B. Ri ...

Frank Patchel, CFO Gross Revenue Retention 91% Important Information About This Presentation Non-GAAP Financial Measures Strong Q2 2023 Revenue Growth Total Company B2 Cloud Storage Gleb Budman, Co-founder, CEO and Chair ©2023 | 1 We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this presentation. ©2023 | 2 $44M Q2'23 ARR $24.6M | --- | --- | --- | --- | --- | --- | |--------|-------|----------------|--- ...