The company will trade under the ticker 'BLZE' on the Nasdaq and the company is offering over 6 million shares at a price range of 15 - 17. Gleb Budman, Brian Wilson, and Tim Nufire founded Backblaze in 2007. Annual recurring revenue is seen ranging between $69 to $71M representing growth in the range of 25% to 29%. Backblaze is the developer of cloud storage and computer backup software for enterprises.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.
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