Press release
Backblaze Reaffirms Guidance Ahead of Participation in Needham Growth Conference
SAN MATEO, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, reiterated its outlook
About this update from Backblaze, Inc.
[{"type":"text","content":"SAN MATEO, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud platform, reiterated its outlook for fiscal Q4 of 2022 and full-year 2022. “In light of our participation in an upcoming investor conference, we are reaffirming the guidance we gave for Q4 and 2022 on our Q3 2022 earnings call,” said Gleb Budman, CEO and Chairperson of the Board. “This reflects continued revenue growth of over 20% Y/Y in Q4 and the strength of our recurring revenue model.” Reaffirmed Guidance (Originally issued on November 9, 2022) Fourth quarter of 2022:Revenue: $22.5 million to $22.9 millionAdjusted EBITDA margin: (14)% to (10)% Full-year 2022:Revenue: $84.7 million to $85.1 millionAdjusted EBITDA margin: (12)% to (11)% Needham Growth Conference Backblaze management is attending the 25th Annual Needham Growth Conference in New York City on Wednesday, January 11, 2023 and will be meeting with institutional investors throughout the day. Co-founder, CEO and Chairperson of the Board Gleb Budman and CFO Frank Patchel will also be participating in a fireside chat from 1:30 p.m. to 2:10 p.m. PT (4:30 p.m. to 5:10 p.m. ET). Investors may attend Backblaze’s conference webcast by visiting the Events section of Backblaze’s investor relations website at: https://ir.backblaze.com/news-events/events-presentations. An archive of the webcast will be available shortly after its completion and will be accessible for approximately 1 year after the event. About Backblaze Backblaze makes it astonishingly easy to store, use, and protect data. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. With over two billion gigabytes of data storage under management, the company currently works with more than 500,000 customers in over 175 countries. Founded in 2007, the company is based in San Mateo, CA. For more information, please go to www.backblaze.com. Investors Contact James Kisner, CFAVice President, Investor Relations and Financial [email protected] Press Contact Jeanette FosterCommunications [email protected] Cautionary Note Regarding Preliminary Results and Forward-looking Statements This press release contains forward-looking statements within the m...