Backblaze, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 04:10 pm
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Backblaze, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 28.74 million compared to USD 22.93 million a year ago. Net loss was USD 11.36 million compared to USD 14.49 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.44 a year ago.
For the full year, the company reported sales was USD 102.02 million compared to USD 85.16 million a year ago. Net loss was USD 58.86 million compared to USD 51.4 million a year ago. Basic loss per share from continuing operations was USD 1.63 compared to USD 1.62 a year ago.
Backblaze, Inc. provides a specialized storage cloud platform. The Company offers two cloud services on its storage cloud: Backblaze B2 Cloud Storage and Backblaze Computer Backup. The Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis for greater predictability, which it refers to as its B2 Reserve offering. This Infrastructure-as-a-Service enables use cases including backups, ransomware protection, and storage for artificial intelligence and machine learning workflows. The Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service. With over two billion gigabytes of data storage under management, it works with customers in 175 countries.
BACKBLAZE, INC. 
