B2 Cloud Storage gross customer retention rate was 90% compared to 89% in Q4 2021.

Gross customer retention rate was 91% compared to 91% in Q4 2021.

Computer Backup NRR was 108% compared to 102% in Q4 2021.

B2 Cloud Storage NRR was 122% compared to 132% in Q4 2021.

Net revenue retention (NRR) rate was 113% compared to 111% in Q4 2021.Computer Backup ARR was $53.4 million, an increase of 10% YoY.B2 Cloud Storage ARR was $38.6 million, an increase of 44% YoY.

Annual recurring revenue (ARR) was $92.0 million, an increase of 22% YoY.Non-GAAP net loss per share of $1.04 compared to a non-GAAP net loss per share of $0.83 in 2021.įourth Quarter 2022 Operational Highlights:.Non-GAAP net loss of $32.8 million compared to non-GAAP net loss of $16.9 million in 2021.Adjusted EBITDA was $(9.4) million or (11)% of revenue, compared to $3.2 million and 5% of revenue in 2021.Net loss per share was $1.63 compared to $1.07 in 2021.Net loss was $51.7 million compared to $21.7 million in 2021.Adjusted gross profit of $64.6 million or 76% of revenue, compared to $50.5 million or 75% of revenue in 2021.Gross profit of $43.9 million or 52% of revenue, compared to $34.3 million or 51% of revenue in 2021.Computer Backup revenue was $51.4 million, an increase of 17% YoY.B2 Cloud Storage revenue was $33.0 million, an increase of 46% YoY.Revenue of $85.2 million, an increase of 26% YoY.Cash, short-term investments and restricted cash, non-current totaled $69.7 million as of December 31, 2022.Non-GAAP net loss per share of $0.27 compared to a non-GAAP net loss per share of $0.26 in 2021.Non-GAAP net loss of $9.0 million compared to non-GAAP net loss of $6.5 million in 2021.Adjusted EBITDA was $(2.5) million or (11)% of revenue, compared to $(1.3) million or (7)% of revenue in Q4 2021.Net loss per share was $0.45 compared to a net loss per share of $0.38 in Q4 2021.Net loss was $14.8 million compared to a net loss of $9.6 million in Q4 2021.Adjusted gross profit of $17.3 million or 75% of revenue, compared to $14.1 million or 75% of revenue in Q4 2021.Gross profit of $11.7 million or 51% of revenue, compared to $9.8 million or 53% of revenue in Q4 2021.Backblaze Computer Backup revenue was $13.3 million, an increase of 11% YoY.B2 Cloud Storage revenue was $9.5 million, an increase of 44% YoY.Revenue of $22.9 million, an increase of 23% year-over-year (YoY).Budman.įourth Quarter 2022 Financial Highlights: “Turning to our own financial picture, as we continue to grow revenue, we're moderating expense growth and are targeting to approach adjusted EBITDA breakeven in Q4 of this year,” continued Mr. Further, Backblaze B2 is very easy to use, saving users up to 90% of the time it takes to manage traditional cloud services.” “Given the uncertain macroeconomic environment, businesses have even more reason to seek cost savings with best-of-breed cloud services-and Backblaze provides them a solution with B2 Cloud Storage, which is one-fifth the price of traditional cloud storage providers such as Amazon S3. “We are excited as we begin 2023 as we see the opportunity to help more small and large businesses reduce the cost of their cloud infrastructure,” continued Mr.

“We were pleased to finish 2022 with strong Q4 overall revenue growth of 23% driven by an increasing proportion of our B2 Cloud Storage service, which grew 44% in Q4,” said Gleb Budman, CEO of Backblaze. (Nasdaq: BLZE), a leading specialized storage cloud platform, today announced results for its fourth quarter and year ended December 31, 2022. 15, 2023 (GLOBE NEWSWIRE) - Backblaze, Inc.

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