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home / news releases / BLZE - Backblaze stock rises over 3% after hours on strong preliminary Q3 results

BLZE - Backblaze stock rises over 3% after hours on strong preliminary Q3 results

Backblaze Inc.

  • Backblaze ( NASDAQ: BLZE ) stock edged 3.6% higher in low volumes after hours on Monday after the cloud storage firm reported strong preliminary Q3 results , driven by over 45% Y/Y growth in Backblaze B2 cloud storage.
  • The company expects to report Q3 revenue of $22M-$22.1M, topping consensus estimate of $21.61M. Its prior guidance was $21.4M-$21.8M.
  • Q3 adj. EBITDA loss margin is projected to be 9-8% vs. earlier forecast of 18-14%.
  • Backblaze ( BLZE ) will report its Q3 results after market close on Nov. 9.

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Backblaze stock rises over 3% after hours on strong preliminary Q3 results
Stock Information
Company Name: Backblaze Inc.
Stock Symbol: BLZE
Market: NASDAQ
Website: backblaze.com
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