On the call with me today are Gleb Budman, co-founder, CEO, and Chairperson of the board, and Frank Patchel, Chief. SNOW, RIVN, etc), BLZE seems more in line with an appropriate risk/reward ratio. And welcome to Backblazes fourth quarter in the Fiscal Year 2021 Earnings Call. But as a long term hold, if BLZE can deliver 30% YoY revenue through 2025 as the investor presentation projects, BLZE could become a company worth investing.Ĭompared to high revenue multiplier IPOs that we're currently seeing (ie. On this page we presented the Backblaze Next Earnings Date information for Backblaze along with recent past earnings dates. If BLZE jumps above $25, it is higher risk given that there's still a lockup period and unknown revenue results for Q3. If BLZE drops below $21 prior to December 13, It is a good price to get in. Margins can get squeezed, there's no loyalty in customers, and its easy to migrate storage solutions. Backblaze Inc (BLZE) Stock Earning Per Share (EPS) Forecast / Estimate -0.200 The average consensus EPS for BLZE is -0.200 with a high estimate of -0.189 and Low of -0.196 for the period and based on 7 Institutional Analysts. Which makes their market a race to the bottom. The biggest risks against BLZE is that they are mostly competitive on price. The above projections are all based on a P/S ratio of 10, but if they have a strong growth quarter with potential for more revenue, then we could easily see the P/S jump to 10 or 20. But if they continue with 30% YoY revenue growth with 100% customer retention, it is very easy to see BLZE being priced at $27 by end of 2022.
Nasdaq provides visual representation of analyst expected earnings growth. With a revenue of $61M and a P/S multiplier of 10, with 50% gross margins, and 30% YoY revenue growth (all priced in due to being included in S-1), we can expect the stock price to become about the $21-22 range. Find the latest Earnings Report Date for Backblaze, Inc. The company reported -0.37 earnings per share (EPS) for the quarter, missing the consensus. Their revenue in 2021 is targeted at being $61M, with H1'2021 already hitting $31M (as per the S1). Backblaze ( NASDAQ:BLZE Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. They IPO'd at $19, with 29M shares outstanding, which gave them a mktcap of $551M. Their price is the most competitive in the industry, yet they are still able to maintain 50% gross margins. View the latest BLZE financial statements. They are primarily targeting the audience of individual users and SMB. Backblaze Inc - Class A Income Statement (earnings report), quarterly/annual performance, revenue, and more from FXempire. Please see Open to the Public Investing’s Fee Schedule to learn more.Īll investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns.Backblaze is a small company of 228 employees that focuses on providing low cost storage solutions. Keep in mind, that other fees such as regulatory fees, Premium subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please ensure that you fully understand the risks involved before trading: Legal DisclosuresĬommission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S. Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Backblaze (NASDAQ:BLZE Get Rating) posted its quarterly earnings data on Tuesday. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Provide the latest Backblaze(BLZE) market data, including prices. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA.
#Backblaze earnings software
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#Backblaze earnings full
Backblaze Announces Fourth Quarter and Full Year 2021 Financial Results. This is not an offer, solicitation of an offer or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Backblaze Fourth Quarter 2021 Earnings Conference Call. Open to Public Investing is a wholly-owned subsidiary of Public Holdings Inc. Additional information about your broker can be found by clicking here. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Securities are offered to self-directed customers by Open to the Public Investing, Inc.
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