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Sep 30, 2022
Backblaze Q3 2022 Earnings Report
Announced third quarter 2022 financial results with 27% revenue growth overall and 48% in B2 Cloud Storage.
Key Takeaways
Backblaze reported a strong Q3 with a 27% increase in overall revenue and a 48% increase in B2 Cloud Storage revenue. The company also made progress in its channel program by launching a partner portal and signing new national resellers.
Revenue increased by 27% year-over-year to $22.1 million.
B2 Cloud Storage revenue grew by 48% year-over-year to $8.8 million.
Computer Backup revenue increased by 17% year-over-year to $13.1 million.
Gross profit was $11.2 million, representing 51% of revenue.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2022, Backblaze expects revenue between $22.5 million and $22.9 million, and an adjusted EBITDA margin between (14)% and (10)%. For the full year 2022, they expect revenue between $84.7 million and $85.1 million, and an adjusted EBITDA margin between (12)% and (11)%.
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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