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Jun 30, 2022
Backblaze Q2 2022 Earnings Report
Announced results for the second quarter ended June 30, 2022, demonstrating revenue growth and strategic advancements.
Key Takeaways
Backblaze reported a 28% year-over-year increase in revenue, reaching $20.7 million in Q2 2022. B2 Cloud Storage revenue grew by 45% year-over-year. The company experienced a net loss of $(11.6) million, and a non-GAAP net loss of $(7.2) million.
Revenue increased by 28% year-over-year, reaching $20.7 million.
B2 Cloud Storage revenue grew by 45% year-over-year, totaling $7.7 million.
Computer Backup revenue increased by 20% year-over-year, amounting to $12.8 million.
The company hired Kevin Gavin as the new Chief Marketing Officer.
Revenue by Segment
Forward Guidance
For the third quarter of 2022, Backblaze expects revenue between $21.4 million and $21.8 million, and an adjusted EBITDA margin between (18)% and (14)%. For the full year 2022, the company expects revenue between $83 million and $86 million, and an adjusted EBITDA margin between (17)% and (13)%.
Positive Outlook
- Revenue between $21.4 million to $21.8 million for Q3 2022.
- Adjusted EBITDA margin between (18)% to (14)% for Q3 2022.
- Basic weighted average shares outstanding of 31.9 million to 32.9 million shares for Q3 2022.
- Revenue between $83 million to $86 million for full year 2022.
- Adjusted EBITDA margin between (17)% to (13)% for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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