īackblaze makes it astonishingly easy to store, use, and protect data.
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Phone registrants will receive dial-in information via email.Īn archive of the webcast will be available shortly after its completion on the Investor Relations section of the Backblaze website at. The calculation methodology for these metrics on a total company basis remains unchanged.īackblaze will host a conference call today, February 17, 2022, at 2 p.m. Corresponding NRR and gross customer retention rate metrics for all quarters between Q1’20 and Q4’21 under this adjusted methodology will be provided in our Form 10-K filing for the fiscal year ended December 31, 2021. The calculation methodology for NRR and gross customer retention rate metrics has been adjusted to improve accuracy with respect to customers that use both our Computer Backup and B2 Cloud Storage solutions. Revenue between $83 million to $86 million.Īdjusted EBITDA margin between -18% to -14%. Revenue between $19.0 million to $19.5 million.Īdjusted EBITDA margin between -20% to -16%.īasic shares outstanding of 30.5 to 31.0 million shares. Made significant progress in developing our Partner API, to be made generally available later in Q1.īased on information available as of February 17, 2022, Launched B2 Cloud Storage bucket creation in mobile apps to enable customers to add data on-the-go. Hit key internal development milestones to deliver B2 Cloud Storage Cloud Replication by mid-2022. Scaled our partner marketing efforts with a new partnership and the launch of a partner marketing team.Ĭloud products and platform achievements:Įxpanded our infrastructure with a new data center and additional performance enhancements. Invested in growing brand awareness by reaching millions of viewers with our first major video advertising campaign.Įstablished a developer evangelism group to authentically engage with the vital developer ecosystem. Rapidly expanded our outbound sales team to greatly strengthen our lead development capacity. Total Annual Average Revenue Per Customer (ARPU) was $147 versus $124 in Q4 2020.ī2 Cloud Storage ARPU was $348 versus $292 in Q4 2020.Ĭomputer Backup ARPU was $108 versus $97 in Q4 2020. Number of customers was 498,933 versus 466,298 in Q4 2020.ī2 Cloud Storage number of customers was 74,318 versus 59,112 in Q4 2020.Ĭomputer Backup number of customers was 439,249 versus 419,209 in Q4 2020.
Gross customer retention rate was 91% compared to 90% in Q4 2020.ī2 Cloud Storage gross customer retention rate was 89% in both Q4 2021 and Q4 2020 1.Ĭomputer Backup gross customer retention rate was 91% in Q4 2021 and 90% Q4 2020 1. Net revenue retention (NRR) rate was 110% compared to 114% in Q4 2020.ī2 Cloud Storage NRR was 130% compared to 136% in Q4 2020 1.Ĭomputer Backup NRR was 102% compared to 107% in Q4 2020 1. Net loss per share was $1.07 compared to $0.36 in 2020.Īdjusted EBITDA was $3.2 million, or 5% of revenue, compared to $11.1 million and 21% of revenue in 2020.įourth Quarter 2021 Operational Highlights:Īnnual recurring revenue (ARR) was $75.4 million, an increase of 27% YoY.ī2 Cloud Storage ARR was $26.8 million, an increase of 57% YoY.Ĭomputer Backup ARR was $48.6 million, an increase of 15% YoY. Net loss was $21.7 million compared to $6.6 million in 2020. Gross profit of $34.3 million, or 51% of revenue, compared to $28.0 million and 52% of revenue, in 2020.Īdjusted gross profit of $50.5 million, or 75% of revenue, compared to $40.5 million and 75% of revenue in 2020. Revenue of $67.5 million, an increase of 25% YoY.ī2 Cloud Storage revenue was $22.6 million, an increase of 59% YoY.Ĭomputer Backup revenue was $44.1 million, an increase of 13% YoY. Net loss per share was $0.38 compared to a net loss per share of $0.18 in Q4 2020.Īdjusted EBITDA was $(1.3) million, or (7)% of revenue, compared to $2.0 million and 14% of revenue in Q4 2020.Ĭash and cash equivalents were $104.8 million as of December 31, 2021. Net loss was $9.6 million compared to a net loss $3.4 million in Q4 2020.
Gross profit of $9.8 million, or 53% of revenue, compared to $7.6 million and 52% of revenue, in Q4 2020.Īdjusted gross profit of $14.1 million, or 75% of revenue, compared to $11.2 million and 77% of revenue in Q4 2020. Revenue of $18.7 million, an increase of 28% year-over-year (YoY).ī2 Cloud Storage revenue was $6.6 million, an increase of 56% YoY.Ĭomputer Backup revenue was $11.9 million, an increase of 16% YoY. Budman.įourth Quarter 2021 Financial Highlights:
Armed with IPO proceeds, we are scaling our outbound sales team, launching our first major advertising campaign, establishing developer evangelism and dedicated partner marketing teams, thus capitalizing on key growth opportunities for B2 Cloud Storage,” continued Mr. “We believe 2022 will be a pivotal year in our long-term mission to become the leading independent cloud for data storage.
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