Backblaze (BLZE) Reaffirms Guidance
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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 million | |
| Adjusted EBITDA margin: | (14)% to (10)% | |
| Full-year 2022: | ||
| Revenue: | $84.7 million to $85.1 million | |
| Adjusted 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.
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