Trade Backblaze Inc - BLZE CFD

Backblaze, Inc. Company profile

About Backblaze Inc

Backblaze, Inc. is engaged in offering storage cloud platform. The Company provides businesses and consumers cloud services to store, use, and protect their data. It provides these cloud services through a purpose-built, Web-scale software infrastructure built on commodity hardware. It allows customers to focus on their core business operations. It builds a community of millions of readers and brand advocates. Referrals from its community of brand advocates, combined with its self-serve customer acquisition model and an ecosystem of thousands of partners, have allowed it to attract customers. These customers use the Backblaze Storage Cloud platform across countries to grow and protect their business data on its approximately two exabytes, or two trillion megabytes, of data storage under management. Its cloud services offered on its Storage Cloud includes Backblaze B2 Cloud Storage and Backblaze Computer Backup.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Backblaze Inc revenues increased 24% to $48.8M. Net loss increased from $3.2M to $12.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Research and development - Balancing val increase of 51% to $12.9M (expense), Sales and marketing - Balancing value increase of 51% to $12.1M (expense).