![]() The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. īackblaze makes it astonishingly easy to store, use, and protect 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. Adjusted EBITDA margin between (18)% to (14)%.īackblaze will host a conference call today, May 5, 2022 at 1:30 p.m.Revenue between $83 million to $86 million.Basic weighted average shares outstanding of 31.0 million to 33.0 million shares.įor full-year 2022 we continue to expect:.Adjusted EBITDA margin between (19)% to (15)%.Revenue between $20.2 million to $20.6 million.Joint solution with CTERA: cloud network attached storage (NAS) software company, uses B2 Cloud Storage to ease cloud adoption for businesses moving from on-premises to cloud-based NAS.īased on information available as of May 5, 2022,įor the second quarter of 2022 we expect:.Partnership with Catalogic: virtual machine and Kubernetes backup provider, features immutable backup protection and instant recovery options using B2 Cloud Storage for the developer market.Partnership with SoDA: data management software company, leverages B2 Cloud Storage to free businesses currently trapped in on-premises data storage solutions. ![]() Cloud Replication (beta): functionality that enables automated data replication for multiple use cases, including geographic distribution to support disaster recovery objectives, reduce concentration risk, serve compliance needs, or move data closer to end users for faster access.B2 Reserve: strategic new offering that provides predictable, capacity-based pricing model.Partner API: interface that enables easy integration and management of B2 Cloud Storage within Alliance Partner products and platforms.Universal Data Migration: set of integrated services to make it easy and free for eligible customers to migrate data from a wide variety of cloud and on-premises storage solutions.Computer Backup gross customer retention rate was 91% compared to 90% Q1 2021.B2 Cloud Storage gross customer retention rate was 90% compared to 89% in Q1 2021.Gross customer retention rate was 91% compared to 91% in Q1 2021.Computer Backup NRR was 104% compared to 104% in Q1 2021.B2 Cloud Storage NRR was 129% compared to 133% in Q1 2021.Net revenue retention (NRR) rate was 112% compared to 111% in Q1 2021.Computer Backup ARR was $50.6 million, an increase of 19% YoY.B2 Cloud Storage ARR was $28.4 million, an increase of 47% YoY.Annual recurring revenue (ARR) was $79.0 million, an increase of 28% YoY.Cash, cash equivalents, and short-term investments totaled $99.1 million as of March 31, 2022.įirst Quarter 2022 Operational Highlights:.Non-GAAP net loss per share of $(0.28) compared to a non-GAAP net loss per share of $(0.15) in Q1 2021.Non-GAAP net loss of $(8.7) million compared to non-GAAP net loss of $(2.8) million in Q1 2021.Adjusted EBITDA of $(3.0) million, or (15)% of revenue, compared to $2.1 million and 14% of revenue in Q1 2021.Net loss per share of $(0.41) compared to a net loss per share of $(0.20) in Q1 2021.Net loss of $(12.5) million compared to a net loss of $(3.7) million in Q1 2021.Adjusted gross profit of $14.8 million, or 76% of revenue, compared to $11.4 million and 75% of revenue in Q1 2021.Gross profit of $9.8 million, or 50% of revenue, compared to $7.5 million and 49% of revenue, in Q1 2021.Computer Backup revenue was $12.3 million, an increase of 18% YoY.B2 Cloud Storage revenue was $7.0 million, an increase of 48% YoY.Revenue of $19.5 million, an increase of 27% year-over-year (YoY).Our fast-growing team continues to execute on our mission of making it astonishingly easy to store, use, and protect data,” concluded Mr. These advances make it even easier, more strategic, and more cost-effective to store more data with Backblaze. “We also recently announced numerous product and platform enhancements, including our Universal Data Migration, B2 Reserve, Partner API, and the beta launch of Cloud Replication. “In Q1, our business hit $79 million in annual recurring revenue and grew 27%-an acceleration versus 24% growth in the same period a year ago,” said Gleb Budman, CEO of Backblaze. (Nasdaq: BLZE), a leading storage cloud platform, today announced results for its first quarter, ended March 31, 2022. SAN MATEO, Calif., (GLOBE NEWSWIRE) - Backblaze, Inc.
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