Backblaze: Q4 Earnings Insights

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Backblaze BLZE reported its Q4 earnings results on Thursday, February 15, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Backblaze beat estimated earnings by 59.46%, reporting an EPS of $-0.15 versus an estimate of $-0.37.

Revenue was up $5.81 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.16 which was followed by a 5.27% drop in the share price the next day.

Here's a look at Backblaze's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate -0.37 -0.42 -0.43 -0.42
EPS Actual -0.21 -0.24 -0.26 -0.27
Revenue Estimate 25.23M 24.27M 23.31M 22.66M
Revenue Actual 25.30M 24.59M 23.39M 22.93M

To track all earnings releases for Backblaze visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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