Backblaze Q3 2024 Earnings Report

Backblaze EPS Results

• Actual EPS: -$0.29
• Consensus EPS: -$0.11
• Beat/Miss: Missed by -$0.18
• One Year Ago EPS: -$0.43

Backblaze Revenue Results

• Actual Revenue: $32.59 million
• Expected Revenue: $32.54 million
• Beat/Miss: Beat by +$50.00 thousand
• YoY Revenue Growth: N/A

Backblaze Announcement Details

• Quarter: Q3 2024
• Date: 11/7/2024
• Time: After Market Closes

Backblaze (NASDAQ:BLZE), a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.