Backblaze, Inc (BLZE) Tops Q3 EPS by 1c, provides outlook

Backblaze, Inc (NASDAQ: BLZE) reported Q3 EPS of ($0.21), $0.01 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $25.3 million versus the consensus estimate of $25.23 million.

Financial Outlook:

Based on information available as of the date of this press release,

For the fourth quarter of 2023 we expect:

Revenue between $27.9 million to $28.7 million, versus the consensus of $25.235 million.
Adjusted EBITDA margin between 1% to 3%
Basic weighted average shares outstanding of 38.0 million to 39.0 million shares

For full-year 2023 we expect:

Revenue between $101.2 million to $102.0 million (midpoint raised), versus the consensus of $100.8 million.
Adjusted EBITDA margin between (6.0)% to (4.0)% (raised)

For earnings history and earnings-related data on Backblaze, Inc (BLZE) click here.

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