Shares of Backblaze (BLZE 45.15%) roared 45.2% higher on Friday after the cloud storage platform announced stronger-than-expected quarterly results.Backblaze ends 2023 on a high note, led by B2 Cloud Storage growthFor its fourth-quarter 2023, Backblaze's revenue grew 25% year over year to $28.7 million, including a 47% increase to $14 million in B2 Cloud Storage revenue and a 10% bump to $14.7 million in Computer Backup segment sales. On the bottom line, that translated to an adjusted (non-GAAP) net loss of ...

Gleb Budman This is Gleb. First of all, as Frank, mentioned or think we saw a 1% to 2% licensed usage decline in quarter. So, the number that you're talking about is the customer number, which stayed consistent at that high gross customer retention rate. What I will say is that, that number in general is something that we're looking at whether it's a relevant metric going forward into the future because it's so heavily influenced by the number of consumer customers on that product line. Whereas, we are incr ...

Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this company would post a loss of $0.22 per share when it actually produced a loss of $0.21, delivering a surprise of 4.55%.Over the last four quarters, the company has surpassed ...

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 ...

Company Participants Frank Patchel - Chief Financial Officer Simon Leopold - Raymond James Erik Suppinger - JMP Securities Jason Ader - William Blair I would now like to turn the conference over to Mimi Kong, Director of Investor Relations. Please go ahead. Today Backblaze will discuss the financial results that were distributed earlier this afternoon. Statements on this call include forward-looking statements about our future financial results, use of our IPO proceeds, results from new features and offerin ...