Rapidly expanded our outbound sales team to greatly strengthen our lead development capacity.Computer Backup ARPU was $108 versus $97 in Q4 2020.B2 Cloud Storage ARPU was $348 versus $292 in Q4 2020.Total Annual Average Revenue Per Customer (ARPU) was $147 versus $124 in Q4 2020.Computer Backup number of customers was 439,249 versus 419,209 in Q4 2020.B2 Cloud Storage number of customers was 74,318 versus 59,112 in Q4 2020.Computer Backup gross customer retention rate was 91% in Q4 2021 and 90% Q4 2020 1.B2 Cloud Storage gross customer retention rate was 89% in both Q4 2021 and Q4 2020 1.Gross customer retention rate was 91% compared to 90% in Q4 2020.Computer Backup NRR was 102% compared to 107% in Q4 2020 1.B2 Cloud Storage NRR was 130% compared to 136% in Q4 2020 1.Net revenue retention (NRR) rate was 110% compared to 114% in Q4 2020.Computer Backup ARR was $48.6 million, an increase of 15% YoY.B2 Cloud Storage ARR was $26.8 million, an increase of 57% YoY.Annual recurring revenue (ARR) was $75.4 million, an increase of 27% YoY.Adjusted 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:.Net loss per share was $1.07 compared to $0.36 in 2020.Net loss was $21.7 million compared to $6.6 million in 2020.Adjusted gross profit of $50.5 million, or 75% of revenue, compared to $40.5 million and 75% of revenue in 2020.Gross profit of $34.3 million, or 51% of revenue, compared to $28.0 million and 52% of revenue, in 2020.Computer Backup revenue was $44.1 million, an increase of 13% YoY.B2 Cloud Storage revenue was $22.6 million, an increase of 59% YoY.Revenue of $67.5 million, an increase of 25% YoY.Cash and cash equivalents were $104.8 million as of December 31, 2021.Adjusted EBITDA was $(1.3) million, or (7)% of revenue, compared to $2.0 million and 14% of revenue in Q4 2020.Net loss per share was $0.38 compared to a net loss per share of $0.18 in Q4 2020.Net loss was $9.6 million compared to a net loss $3.4 million in Q4 2020.Adjusted gross profit of $14.1 million, or 75% of revenue, compared to $11.2 million and 77% of revenue 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.Computer Backup revenue was $11.9 million, an increase of 16% YoY.B2 Cloud Storage revenue was $6.6 million, an increase of 56% YoY.Revenue of $18.7 million, an increase of 28% year-over-year (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. “We believe 2022 will be a pivotal year in our long-term mission to become the leading independent cloud for data storage. “Our accelerating Q4 growth rate provides an exciting backdrop for us to scale up our sales and marketing investments significantly more than what we previously planned for 2022 to take advantage of our large market opportunity.” “We were pleased to finish 2021 with strong 28% revenue growth driven by an increasing proportion of our B2 Cloud Storage service, with 56% growth in Q4, and 16% growth in our Computer Backup business,” said Gleb Budman, CEO of Backblaze. (Nasdaq: BLZE), a leading storage cloud platform, today announced results for its fourth quarter and year ended December 31, 2021. 17, 2022 (GLOBE NEWSWIRE) - Backblaze, Inc. 56% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q4 2021
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