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.

Earnings

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.

Past Earnings Performance

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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