This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. For more information, please go to Cautionary Note Regarding Forward-looking Statements Founded in 2007, the company is based in San Mateo, CA. With over two billion gigabytes of data storage under management, the company currently works with more than 500,000 customers in over 175 countries. 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 (17)% to (13)%.īackblaze will host a conference call today, Augat 1:30 p.m.Revenue between $83 million to $86 million.Basic weighted average shares outstanding of 31.9 million to 32.9 million shares.Adjusted EBITDA margin between (18)% to (14)%.Revenue between $21.4 million to $21.8 million.B2 Cloud Replication: Achieved general availability in June for this new feature which supports multiple use cases, including geographic distribution to support disaster recovery objectives or serve compliance needs.īased on information available as of August 9, 2022,.New partnerships: Added new partners Carahsoft (Public Sector/Education/Health Care) and Veritas (tier Backup Exec service backups to B2 Cloud Storage).Channel Partner program: Launched a suite of tools, resources, incentives, and benefits for partners.Chief Marketing Officer: Hired experienced marketing executive, Kevin Gavin, for the newly created position.B2 Cloud Storage purchase order: Added customer with our largest purchase order ever.B2 Cloud Storage data stored: Added highest amount in company history.
Computer Backup gross customer retention rate was 91% in Q2 2022 and Q2 2021.B2 Cloud Storage gross customer retention rate was 90% compared to 89% in Q2 2021.Gross customer retention rate was 91% in Q2 2022 and Q2 2021.Computer Backup NRR was 107% compared to 102% in Q2 2021.B2 Cloud Storage NRR was 126% compared to 132% in Q2 2021.Net revenue retention (NRR) rate was 113% compared to 110% in Q2 2021.Computer Backup ARR was $51.4 million, an increase of 20% YoY.B2 Cloud Storage ARR was $31.3 million, an increase of 44% YoY.Annual recurring revenue (ARR) was $82.7 million, an increase of 28% YoY.Second Quarter 2022 Operational Highlights: Cash and investments totaled $88.1 million as of June 30, 2022.Non-GAAP net loss per share of $(0.23) compared to a non-GAAP net loss per share of $(0.19) in Q2 2021.Non-GAAP net loss of $(7.2) million compared to non-GAAP net loss of $(3.5) million in Q2 2021.Adjusted EBITDA of $(1.9) million, or (9)% of revenue, compared to $1.5 million and 9% of revenue in Q2 2021.Net loss per share of $(0.37) compared to a net loss per share of $(0.13) in Q2 2021.Net loss of $(11.6) million compared to a net loss of $(2.4) million in Q2 2021.Adjusted gross profit of $15.9 million, or 77% of revenue, compared to $12.2 million and 75% of revenue in Q2 2021.Gross profit of $11.1 million, or 54% of revenue, compared to $8.2 million and 51% of revenue, in Q2 2021.Computer Backup revenue was $12.8 million, an increase of 20% YoY.B2 Cloud Storage revenue was $7.7 million, an increase of 45% YoY.Revenue of $20.7 million, an increase of 28% year-over-year (YoY).Second Quarter 2022 Financial Highlights: “In addition, in Q2, the amount of data added by B2 Cloud Storage customers was greater than for any other quarter in company history, we added a customer with our largest purchase order ever, and in July we hired an experienced Chief Marketing Officer, Kevin Gavin, to help continue driving our growth.” “Our 28% revenue growth in Q2 not only outpaced what we achieved last year in the same period, it also highlights the strength of our recurring revenue model and that data grows through varying economic conditions,” said Gleb Budman, CEO. (Nasdaq: BLZE), a leading storage cloud platform, today announced results for its second quarter ended June 30, 2022. 09, 2022 (GLOBE NEWSWIRE) - Backblaze, Inc.
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