Backblaze Sees Q2 Revenue $30.7M-$31.1M Vs $30.75M Est.; FY24 Revenue $126M-$128M Vs $127.04M Est.

Financial Outlook:

Based on information available as of the date of this press release,

For the second quarter of 2024 we expect:

• Revenue between $30.7 million to $31.1 million
• Adjusted EBITDA margin between 6% to 8%
• Basic shares outstanding of 42.0 million to 42.5 million shares

For full-year 2024 we expect:

• Revenue between $126.0 million to $128.0 million
• Adjusted EBITDA margin between 8% to 10%