Backblaze, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024
February 16, 2024 at 02:40 am IST
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Backblaze, Inc. provided earnings guidance for the first quarter and full year of 2024. For the quarter, the company expected revenue between $29.6 million to $30.0 million. Basic shares outstanding of 39.5 to 40.5 million shares.
For the year, the company expected revenue between $126.0 million to $128.0 million.
Backblaze, Inc. provides a specialized storage cloud platform. The Company offers two cloud services on its storage cloud: Backblaze B2 Cloud Storage and Backblaze Computer Backup. The Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis for greater predictability, which it refers to as its B2 Reserve offering. This Infrastructure-as-a-Service enables use cases including backups, ransomware protection, and storage for artificial intelligence and machine learning workflows. The Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service. With over two billion gigabytes of data storage under management, it works with customers in 175 countries.
BACKBLAZE, INC. 
