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. For more information, please go to believe 2022 will be a pivotal year in our long-term mission to become the leading independent cloud for data storage. Founded in 2007, the company is based in San Mateo, CA. With over two billion gigabytes of data storage under management, the company currently works with more than 500,000 customers in over 175 countries. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. "Backblaze is a natural partner in this effort and we're excited to work with them to bring the value of cloud backup to a larger group of businesses and institutions."īackblaze shared more details about the new partnership and how to sign up in a blog post the company published today.īackblaze makes it astonishingly easy to store, use, and protect data. "Our goal with Backup Exec is to provide a simple, powerful solution that frees business owners from concerns about data loss," said Jason Von Eberstein, Senior Principal Product Manager of Veritas. With B2 Cloud Storage priced at one-fifth the cost of traditional cloud vendors-the combination offers a powerful tool to businesses that want to optimize their spend. Cost reduction: Backup Exec makes configuring backups easy, which means that businesses can fine-tune their storage bill in line with their budgets.Veritas and Backblaze make cloud adoption easy. Hybrid-cloud adoption: The capital and personnel expense of purchasing and managing on-prem data storage can be challenging.Backblaze B2 is configurable in a few easy steps. Simplification: Backup Exec provides a simple, unified user interface that removes complexity from data protection.Taken together, the partnership delivers in three key value areas: "This aligns perfectly with our mission to make storing and using data astonishingly easy-especially for IT teams that already have a ton on their plate." "The Backup Exec service empowers small and medium-sized businesses to do more with less, and to minimize their daily lift around data management and protection," Nilay Patel, VP of Sales & Partnerships at Backblaze explained. IT teams can rest easy, knowing that remote offices, Linux and Unix workloads, virtual or Microsoft workloads, and more, are protected and immediately available if needed-all configurable in a few clicks and at one-fifth the price of traditional storage vendors, with no data retention minimums or other lock-in fees. Today, any business or institution using Backup Exec can configure their data to back up to B2 Cloud Storage. By unifying backup management in one panel, it creates a simple, customizable approach to managing backups and orchestrating recovery that can benefit everyone from the local bakery, to a regional school district, to large government units. Veritas' Backup Exec service helps businesses protect almost any data on any storage device-tape, servers, or in the cloud.
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