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. The company will list its stock on the Nasdaq under the symbol "BLZE", according to a filing.SAN MATEO, Calif., Oct. Oppenheimer & Co, William Blair and Raymond James are the lead underwriters on Backblaze's offering. In the cloud storage space, it competes with the likes of Inc's (AMZN.O) Amazon Web Services, although Backblaze targets smaller companies.Īccording to a report by Research and Markets, the global market for cloud computing services is projected to reach a revised size of $937.5 billion by 2027, growing at a compound annual rate of 17% over the seven years since 2020. It has since expanded into cloud storage, with over half a million overall customers across more than 175 countries. San Mateo, California-based Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies.
Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around $1 billion. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. Oct 18 (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S.
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