B2 Cloud Storage NRR was 122% compared to 132% in Q4 2021.Net revenue retention (NRR) rate was 113% compared to 111% in Q4 2021.Computer Backup ARR was $53.4 million, an increase of 10% YoY.B2 Cloud Storage ARR was $38.6 million, an increase of 44% YoY.Annual recurring revenue (ARR) was $92.0 million, an increase of 22% YoY.Non-GAAP net loss per share of $1.04 compared to a non-GAAP net loss per share of $0.83 in 2021.įourth Quarter 2022 Operational Highlights:.Non-GAAP net loss of $32.8 million compared to non-GAAP net loss of $16.9 million in 2021.Adjusted EBITDA was $(9.4) million or (11)% of revenue, compared to $3.2 million and 5% of revenue in 2021.Net loss per share was $1.63 compared to $1.07 in 2021.Net loss was $51.7 million compared to $21.7 million in 2021.Adjusted gross profit of $64.6 million or 76% of revenue, compared to $50.5 million or 75% of revenue in 2021.Gross profit of $43.9 million or 52% of revenue, compared to $34.3 million or 51% of revenue in 2021.Computer Backup revenue was $51.4 million, an increase of 17% YoY.B2 Cloud Storage revenue was $33.0 million, an increase of 46% YoY.Revenue of $85.2 million, an increase of 26% YoY.Cash, short-term investments and restricted cash, non-current totaled $69.7 million as of December 31, 2022.
Non-GAAP net loss per share of $0.27 compared to a non-GAAP net loss per share of $0.26 in 2021.Non-GAAP net loss of $9.0 million compared to non-GAAP net loss of $6.5 million in 2021.Adjusted EBITDA was $(2.5) million or (11)% of revenue, compared to $(1.3) million or (7)% of revenue in Q4 2021.Net loss per share was $0.45 compared to a net loss per share of $0.38 in Q4 2021.Net loss was $14.8 million compared to a net loss of $9.6 million in Q4 2021.Adjusted gross profit of $17.3 million or 75% of revenue, compared to $14.1 million or 75% of revenue in Q4 2021.Gross profit of $11.7 million or 51% of revenue, compared to $9.8 million or 53% of revenue in Q4 2021.Backblaze Computer Backup revenue was $13.3 million, an increase of 11% YoY.B2 Cloud Storage revenue was $9.5 million, an increase of 44% YoY.Revenue of $22.9 million, an increase of 23% year-over-year (YoY).Budman.įourth Quarter 2022 Financial Highlights: The company was incorporated in 2007 and is headquartered in San Mateo, California."Turning to our own financial picture, as we continue to grow revenue, we're moderating expense growth and are targeting to approach adjusted EBITDA breakeven in Q4 of this year," continued Mr. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets.
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. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
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