![]() Net loss of $17.1 million compared to a net loss of $12.5 million in 1FQ22.Adjusted gross profit of $17.0 million, or 72% of revenue, compared to $14.8 million and 76% of revenue in 1FQ22.Gross profit of $11.0 million, or 47% of revenue, compared to $9.8 million and 50% of revenue, in 1FQ22.Computer Backup revenue was $13.4 million, an increase of 8% Y/Y.B2 Cloud Storage revenue was $10.0 million, an increase of 42% Y/Y.Revenue of $23.4 million, an increase of 20% Y/Y.“ We’re delighted that more businesses are using Backblaze to significantly reduce their data storage spend by shifting away from high-cost cloud providers.” Additionally, our Q1 results support our goal to approach adjusted EBITDA breakeven in 4FQ23,” said Gleb Budman, CEO. “ We were pleased to deliver 42% year-on-year revenue growth for B2 Cloud Storage in 2FQ23 – well above that of our competitors like Amazon Web Services (AWS). ![]() announced results for its first quarter ended March 31, 2023.
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