Annual recurring revenue is seen ranging between $69 to $71M representing growth in the range of 25% to 29%.For the three months ended Sep.30, 2021, the company is expected to report revenue in the range of $17 to $17.3M representing Y/Y growth in the range of 23% to 25% net loss is seen ranging between $7.5 to $6.5M compared to a net loss of $1.9M in year ago quarter.It boasts of $65M in ARR with $22M contributed by B2 and $43M by computer backup.31, 2020 and computer backup revenue grew by 23%. While company's total revenue soared 32% Y/Y, B2 cloud storage revenue grew by 66% during the year ended Dec.Blackblaze is a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data in an easy and affordable manner cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware.Notably the company’s fully diluted valuation is quite.
Cloud backblaze nasdaq ipo 650mnovetcnbc full#
Net proceeds will be ~$89.5M or $103.4M if the underwriters exercise their option to purchase additional shares in full and assuming a mid-point price of $16/share. At its IPO price range and 28,545,893 shares expected to be outstanding after its IPO, Backblaze is worth 428.2 million to 485.3 million.Underwriters granted 30-days option to purchase up to an additional 937.5K shares at company request, underwriters have reserved up to 312.5K shares or up to 5% of the shares offered.