Recap: Backblaze Q1 Earnings

Backblaze BLZE reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

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

Backblaze beat estimated earnings by 39.53%, reporting an EPS of $-0.26 versus an estimate of $-0.43.

Revenue was up $3.90 million from the same period last year.

Last quarter the company beat on EPS by $0.15 which was followed by a 4.22% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.42	-0.38	-0.32	-0.36
EPS Actual	-0.27	-0.25	-0.23	-0.28
Revenue Estimate	22.66M	21.90M	20.30M	19.28M
Revenue Actual	22.93M	22.05M	20.69M	19.49M

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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