Why Backblaze Stock Skyrocketed Today
Backblaze(BLZE) The Motley Fool·2024-02-17 01:37Shares 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 ...