8/10/2023 0 Comments Backblaze competitorsWilliam Blair analyst Jason Ader summed up Backblaze like this: “As the B2 mix rises over the next two years, and as the bootstrapped firm deploys its new growth capital toward sales and marketing, we expect revenue to accelerate (we model growth of 24 per cent, 26 per cent, and 31 per cent in fiscal 2021, 2022, and 2023, respectively). Cash and cash equivalents were $4.7 million at the end of the quarter, and this sum does not include net cash proceeds of $103 million from the November 2021 IPO. It saw $8.8 million - 51 per cent of revenue - compared to $6.7 million and 49 per cent of revenue in Q3 2020. We believe the future is being built on independent clouds, and we plan to use our IPO proceeds to help accelerate future growth in this large and fast-growing market.”Īlthough the loss deepened, there was good news on the gross profits front. He pointed out: “Our successful IPO in November was an important milestone for the company and a recognition by the markets of the mid-market public cloud storage opportunity. Its recently-launched B2 Cloud storage business saw revenues grow to $6 million, while the established Computer Backup business earned $11.2 million in revenues.ĬEO Gleb Budman’s results statement reads: “We delivered continued strong Q3 growth overall, led by rapid 59 per cent revenue growth in B2 Cloud Storage and consistent double-digit growth of 13 per cent in Computer Backup.” This was the company’s first post- IPO set of results and there was a net loss of $6 million, which compares to a $1.9 million loss a year ago. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Cloud storage and backup supplier Backblaze recorded 25 per cent revenue growth in its third calendar 2021 quarter to $17.3 million. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes.
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