NASDAQ$BLZE
Backblaze Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced results for the second quarter ended June 30, 2022, demonstrating revenue growth and strategic advancements.
Backblaze reported a 28% year-over-year increase in revenue, reaching $20.7 million in Q2 2022. B2 Cloud Storage revenue grew by 45% year-over-year. The company experienced a net loss of $(11.6) million, and a non-GAAP net loss of $(7.2) million.
- Revenue increased by 28% year-over-year, reaching $20.7 million.
- B2 Cloud Storage revenue grew by 45% year-over-year, totaling $7.7 million.
- Computer Backup revenue increased by 20% year-over-year, amounting to $12.8 million.
- The company hired Kevin Gavin as the new Chief Marketing Officer.
Headline financials
Revenue & EPS history
Backblaze · Revenue · Quarterly
$20.7M
Revenue by segment
Backblaze · $20.5M total across 2 segments · Q2 2022
- Computer Backup$12.8M+19.6%62.4%
- B2 Cloud Storage$7.7M+45.3%37.6%
Forward guidance
For the third quarter of 2022, Backblaze expects revenue between $21.4 million and $21.8 million, and an adjusted EBITDA margin between (18)% and (14)%. For the full year 2022, the company expects revenue between $83 million and $86 million, and an adjusted EBITDA margin between (17)% and (13)%.
Tailwinds
- Revenue between $21.4 million to $21.8 million for Q3 2022.
- Adjusted EBITDA margin between (18)% to (14)% for Q3 2022.
- Basic weighted average shares outstanding of 31.9 million to 32.9 million shares for Q3 2022.
- Revenue between $83 million to $86 million for full year 2022.
- Adjusted EBITDA margin between (17)% to (13)% for full year 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-3.2%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-5.3%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+42.7%
Q4 2023
Best reaction
-35.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.5% | +68.1% | +78.4% | |
| Q4 2025 | -15.3% | -14.0% | -19.7% | |
| Q3 2025 | -6.3% | -12.0% | -19.3% | |
| Q1 2025 | +16.0% | +17.9% | +25.7% | |
| Q4 2024 | +5.5% | -5.1% | -21.5% | |
| Q3 2024 | -14.1% | -13.0% | -13.9% | |
| Q2 2024 | +26.4% | +24.1% | +12.5% | |
| Q1 2024 | -23.3% | -25.3% | -38.4% | |
| Q4 2023 | +42.7% | +41.6% | +21.1% | |
| Q3 2023 | +1.8% | +7.5% | +43.3% | |
| Q2 2023 | -14.8% | -14.8% | +34.4% | |
| Q1 2023 | -1.4% | +2.4% | -2.2% | |
| Q4 2022 | +13.8% | +2.0% | -17.0% | |
| Q3 2022 | -5.5% | +3.2% | +11.2% | |
| Q2 2021 | -3.6% | -3.2% | -17.9% | |
| Q2 2022 | +1.6% | +9.2% | -11.2% | |
| Q1 2021 | -7.8% | -5.2% | -9.8% | |
| Q1 2022 | -24.7% | -32.3% | -40.1% | |
| Q4 2021 | -35.7% | -32.4% | -25.9% | |
| Q4 2020 | -12.8% | -19.7% | -36.7% | |
| Q3 2020 | -12.8% | -19.7% | -36.7% | |
| Q3 2021 | -4.6% | -20.4% | -33.2% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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