Trade Braze, Inc. - BRZE CFD

Braze, Inc. Company profile

About Braze Inc

Braze, Inc. is a provider of customer engagement platform that enables customer-centric interactions between consumers and brands. Its platform helps brands to listen to their customers, understand them and act on that understanding in a way that is human and personal. Using the Company’s platform, brands ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies. Its platform enables interactions with active users via its customers’ applications, Websites and other digital interfaces. Its platform encompasses the functionalities required for modern customer engagement: data ingestion, classification, orchestration, personalization, and action. The Company offers software development kits (SDKs) for installation into customers’ applications on platforms such as Android, iPhone Operating System (iOS), Web, tvOS and Roku.

Financial summary

BRIEF: For the nine months ended 31 October 2021, Braze Inc revenues increased 56% to $167.6M. Net loss increased 59% to $33.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Sales and marketing - Balancing value increase of 57% to $75.5M (expense), Research and development - Balancin increase of 61% to $30.4M (expense).