Backblaze, Inc (BLZE) Tops Q1 EPS by 2c; Offers FY23 Revenue Guidance
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Backblaze Announces First Quarter 2023 Financial Results
May 9, 2023 4:05 PM EDTSAN MATEO, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the leading specialized storage cloud, today announced results for its first quarter ended March 31, 2023.
We were pleased to deliver 42% year-on-year revenue growth for B2 Cloud Storage in Q1 well above that of our competitors like Amazon Web Services (AWS). Additionally, our Q1 results support our goal to approach Adjusted EBITDA breakeven in Q4 of 2023, said Gleb Budman, CEO of Backblaze. Were delighted that more businesses are using Backblaze to significantly reduce their data storage spend by shifting away from high-cost cloud... More
