We currently expect to complete our closing procedures and announce our final results for revenue, adjusted EBITDA and other financial information on November 9, 2022. Our preliminary results in this press release are based on currently available information and our final results upon completion of our closing procedures may vary significantly from our preliminary estimates. This press release includes preliminary estimates of actual revenue and adjusted EBITDA margin because our financial closing procedures for the three months ended Septemare not yet complete. These forward-looking statements are frequently identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” or other similar terms or expressions that relate to our future performance, expectations, strategy, plans or intentions, and include statements in the section titled “Financial Outlook” and statements regarding the use and impact of our IPO proceeds. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. Vice President, Investor Relations and Corporate ContactĬommunications Note Regarding Preliminary Results and Forward-looking Statements For more information, please go to Investors Contact Founded in 2007, the company is based in San Mateo, CA. With over two billion gigabytes of data storage under management, the company currently works with more than 500,000 customers in over 175 countries. 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. An archive of the webcast will be available approximately 1 week after its completion and will be accessible for 90 days.īackblaze makes it astonishingly easy to store, use, and protect data. Investors may attend Backblaze's conference webcast by visiting the Events section of Backblaze’s investor relations website at. īackblaze management is attending the LD Micro Main Event XV in Los Angeles, Tuesday, Octoand will be meeting with institutional investors throughout the day.Ĭo-founder, CEO and Chairperson of the Board Gleb Budman and CFO Frank Patchel will also be presenting from 4:00 p.m. The platform will open on November 2 at 1:30 p.m. Management will address a selection of these questions relating to Backblaze’s business and financial results during the call. Īs 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. Phone registrants will receive dial-in information via email.Īn archive of the webcast will be available shortly after its completion on the Investor Relations page of the Backblaze website at. Adjusted EBITDA margin is expected to be in the range of (9)% to (8)% versus previous guidance of (18)% to (14)%.įull Q3 2022 Financial Results Announcementīackblaze will report full financial results for its third quarter of 2022 (ending September 30, 2022) on Wednesday, Novemafter market close.įollowing the release of results, Backblaze will host a conference call and webcast at 1:30 p.m.Revenue is expected to be between $22.0 to $22.1 million versus previous guidance of $21.4 to $21.8 million. “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.” “In light of our participation in an upcoming investor conference, we are sharing our preliminary Q3 results,” said Gleb Budman, CEO. (Nasdaq: BLZE), the leading independent storage cloud, today announced preliminary results for Q3 of 2022. 24, 2022 (GLOBE NEWSWIRE) - Backblaze, Inc.
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