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Sep 30, 2021
Backblaze Q3 2021 Earnings Report
Reported strong Q3 growth, driven by a 59% increase in B2 Cloud Storage revenue and a 13% increase in Computer Backup revenue. The company's IPO in November was a significant milestone.
Key Takeaways
Backblaze announced strong Q3 2021 financial results, highlighted by a 25% year-over-year revenue increase, driven by significant growth in B2 Cloud Storage and Computer Backup. The company's successful IPO in November provided additional capital to accelerate future growth.
Revenue increased by 25% year-over-year to $17.3 million.
B2 Cloud Storage revenue grew by 59% year-over-year to $6.0 million.
Computer Backup revenue increased by 13% year-over-year to $11.2 million.
Net loss was $6.0 million, compared to $1.9 million in Q3 2020.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2021, Backblaze expects revenue between $17.7 million and $18.2 million, and an adjusted EBITDA margin between -10% and -6%.
Positive Outlook
- Revenue between $17.7 million to $18.2 million
Challenges Ahead
- Adjusted EBITDA margin between -10% to -6%
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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