It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
#Backblaze earnings software
The company offers cloud services through a web-scale software infrastructure built on commodity hardware. As per the news, the Q4 earnings report came ouīackblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company's market cap stands at $4.1 billion. Â Gainers Fabrinet (NYSE:FN) stock increased by 11.4% to $112.25 during Monday's after-market session. The stock was sold at an average prġ2 Information Technology Stocks Moving In Monday's After-Market Session Jones sold 2,000 shares of the business's stock in a transaction dated Monday, August 15th. (NASDAQ:BLZE – Get Rating) major shareholder Charles J. Jones Sells 2,000 Shares of Backblaze, Inc. The stock was sold at an average price of 7Ĭharles J. (NASDAQ:BLZE – Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of the firm's stock in a transaction dated Friday, August 19th. (NASDAQ:BLZE) Major Shareholder Sells 14,700.00 in Stockīackblaze, Inc. (NASDAQ:BLZE – Get Rating) by 36.2% in the first quarter, according to its most recent disclosure with the Securities and Exchangīackblaze, Inc. (NASDAQ:BLZE) Stock Holdings Lessened by Victory Capital Management Inc. The shares were sold at an average pricīackblaze, Inc. (NASDAQ:BLZE – Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of the business's stock in a transaction on Wednesday, August 17th. (NASDAQ:BLZE) Major Shareholder Sells 2,000 Shares of Stockīackblaze, Inc. The stock was sold at an average price of (NASDAQ:BLZE – Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of Backblaze stock in a transaction dated Wednesday, August 24th. (NASDAQ:BLZE) Major Shareholder Sells 15,340.00 in Stockīackblaze, Inc.
The shares were sold at an average price of 7.īackblaze, Inc. (NASDAQ:BLZE – Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of the firm's stock in a transaction on Monday, August 22nd. (NASDAQ:BLZE) Major Shareholder Sells 14,980.00 in Stockīackblaze, Inc.
The shares were sold at an aveīackblaze, Inc. (NASDAQ:BLZE – Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of Backblaze stock in a transaction that occurred on Wednesday, August 24th. Kwok Hang Ng Sells 2,000 Shares of Backblaze, Inc. As of August 15th, there was short interest totalling 231,000 shares (NASDAQ:BLZE – Get Rating) was the recipient of a significant growth in short interest during the month of August. (NASDAQ:BLZE) Grows By 22.6%īackblaze, Inc. Jones sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 29th. (NASDAQ:BLZE) Major Shareholder Charles J. If their business keeps on growing like this they’ll receive many more.Backblaze, Inc. 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. 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.B2 Cloud Storage ARR was $31.3 million – an increase of 44 percent year-on-year.Overall annual recurring revenue (ARR) was $82.7 million – an increase of 28 percent year-on-year. The segment annual recurring revenue numbers bear that out.
It looks like the cloud storage business is catching up with the core backup storage business.
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