Press release
Backblaze Announces Preliminary Q3 2022 Results Ahead of Investor Conference
Preliminary Q3 2022 Revenue and Adjusted EBITDA Margin Exceeds Prior Guidance SAN MATEO, Calif., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq:
About this update from Backblaze, Inc.
[{"type":"text","content":"Preliminary Q3 2022 Revenue and Adjusted EBITDA Margin Exceeds Prior Guidance\nSAN MATEO, Calif., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud, today announced preliminary results for Q3 of 2022. “In light of our participation in an upcoming investor conference, we are sharing our preliminary Q3 results,” said Gleb Budman, CEO. “We are pleased to announce better-than-expected Q3 revenue and adjusted EBITDA margin, in part due to strong growth in Backblaze B2 Cloud Storage, which grew over 45% year-over-year.” Preliminary Q3 Results Revenue is expected to be between $22.0 to $22.1 million versus previous guidance of $21.4 to $21.8 million.Adjusted EBITDA margin is expected to be in the range of (9)% to (8)% versus previous guidance of (18)% to (14)%. Full Q3 2022 Financial Results Announcement Backblaze will report full financial results for its third quarter of 2022 (ending September 30, 2022) on Wednesday, November 9, 2022 after market close. Following the release of results, Backblaze will host a conference call and webcast at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results. Attend the webcast here: https://edge.media-server.com/mmc/p/dxgk6h46Register to listen by phone here: https://dpregister.com/sreg/10170521/f41c667a97 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relations page of the Backblaze website at https://ir.backblaze.com. As part of Backblaze’s continuing efforts to enhance communications and engagement with its shareholders, verified retail and institutional shareholders will be able to submit and upvote questions in advance of its third quarter 2022 earnings call through the Say Connect platform. Management will address a selection of these questions relating to Backblaze’s business and financial results during the call. The platform will open on November 2 at 1:30 p.m. PT and close on November 8 at 1:30 p.m. PT. To submit questions, please visit: https://app.saytechnologies.com/backblaze-2022-q3. LD Micro Conference Backblaze management is attending the LD Micro Main Event XV in Los Angeles, Tuesday, October 25, 2022 and will be meeting with institutional investors throughout the day. Co-founder, CEO and Chairperson of the Board Gleb Budman and C...