![]() ![]() If their business keeps on growing like this they’ll receive many more. Surely Gleb Budman and his team must have received acquisition offers already. It seems to Blocks & Files that, for any storage-related or compute-related business, Backblaze represents a potentially wonderful way to get into the cloud storage and computing market. This would be a $250 million/year run rate business. Imagine what its revenues would be if it had a presence in every region in the globe and five or six more in the USA. Backblaze currently has datacenters in Sacramento, California, Phoenix, Arizona, and Amsterdam, Netherlands – just three. It also has a growing list of backup partners to whom it provides target cloud storage. Word of mouth drove growth too-the company has never spent more than 1 percent of revenue on advertising-helping Backblaze hold its user acquisition costs to. ![]() Its prices are low, it’s open with its customers about pricing, and publishes disk drive failure rates. This is a great business which has not put a foot wrong. Next quarter’s revenues are being guided to continue the growth trend: $21.4 million to $21.8 million – 24.7 percent growth year-on-year at the mid-point. The net revenue retention (NRR) rate was 113 percent compared to 110 percent a year ago, which means more customers are coming than leaving. Computer Backup ARR was $51.4 million – an increase of 20 percent year-on-year.Ĭloud storage is growing twice as fast as backup storage.It tries to minimize the user interaction required to create a backup. B2 Cloud Storage ARR was $31.3 million – an increase of 44 percent year-on-year. Backblaze is a one click online storage solution.Overall annual recurring revenue (ARR) was $82.7 million – an increase of 28 percent year-on-year. Backblaze, however, isnt alone in IPOing with limited funding and revenue. The segment annual recurring revenue numbers bear that out. Revenue for the service grew 65 year over year, bringing in 14.2 million for the company in 2020. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.It looks like the cloud storage business is catching up with the core backup storage business. However, your requirements will often be based on how much of the process you decide to do yourself. ![]() As an individual investor, you need to find a reliable way to track all your investment portfolios. (Nasdaq: BLZE), a leading storage cloud platform. Be your own money managerOur tools can tell you how much better you can do entering a position in Backblaze Inc without increasing your portfolio risk or giving up the expected return. 48 Revenue Growth in B2 Cloud Storage, 27 Revenue Growth Overall in Q1 2022SAN MATEO, Calif., (GLOBE NEWSWIRE) - Backblaze, Inc. Continue to the analysis of Backblaze Inc Correlation against competitors. You can evaluate financial statements to find patterns among Backblaze main balance sheet or income statement drivers, such as Cost of Revenue of 28.9 M, Gross Profit of 31 M or Interest Expense of 3.1 M, as well as many exotic indicators such as Asset Turnover of 1.04, Current Ratio of 0.25 or. It can also supplement Backblaze Inc's financial leverage analysis and stock options assessment as well as various Backblaze Inc Technical models. Check Backblaze Inc financial statements over time to gain insight into future company performance. Backblaze financial statements analysis is a perfect complement when working with Backblaze Inc Valuation or Volatility modules. Earnings Flash (BLZE) BACKBLAZE Reports Q2 Revenue 20.7M, vs. You can evaluate financial statements to find patterns among Backblaze main balance sheet or income statement drivers, such as, as well as many exotic indicators such as. Check Backblaze Inc financial statements over time to gain insight into future company performance. ![]()
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