Backblaze Inc
General ticker "BLZE" information:
- Sector: Information Technology
- Industry: IT Services
- Capitalization: $291.7M
Backblaze Inc does not follow the US Stock Market performance with the rate: -14.9%.
Estimated limits based on current volatility of 2.7%: low 6.22$, high 6.56$
Factors to consider:
- US accounted for 71.6% of revenue in the fiscal year ended 2022-12-31
- Price in estimated range
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [5.39$, 10.78$]
- 2024-12-30 to 2025-12-30 estimated range: [4.99$, 10.18$]
Financial Metrics affecting the BLZE estimates:
- Negative: Non-GAAP EPS, $ of -0.86 <= 0.10
- Negative: Operating profit margin, % of -36.21 <= 1.03
- Negative: Operating cash flow per share per price, % of -2.63 <= 2.35
- Negative: negative Net income
- Positive: Interest expense per share, $ of 0.11 <= 0.14
- Positive: 1.31 < Industry earnings per price (median), % of 1.43
- Positive: Inventory ratio change, % of 0.91 <= 1.08
- Negative: Industry operating cash flow per share per price (median), % of 3.68 <= 3.85
Short-term BLZE quotes
Long-term BLZE plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $67.48MM | $85.16MM | $102.02MM |
| Operating Expenses | $86.27MM | $133.27MM | $159.92MM |
| Operating Income | $-18.79MM | $-48.11MM | $-57.91MM |
| Non-Operating Income | $-2.81MM | $-3.32MM | $-1.81MM |
| Interest Expense | $3.68MM | $4.29MM | $3.79MM |
| R&D Expense | $20.54MM | $33.11MM | $39.53MM |
| Income(Loss) | $-21.61MM | $-51.44MM | $-59.71MM |
| Taxes | $0.10MM | $-0.04MM | $0.00MM |
| Profit(Loss) | $-21.70MM | $-51.40MM | $-59.71MM |
| Stockholders Equity | $95.49MM | $68.75MM | $44.94MM |
| Inventory | $5.11MM | $0.00MM | $0.00MM |
| Assets | $163.58MM | $152.46MM | $131.69MM |
| Operating Cash Flow | $3.52MM | $-13.78MM | $-7.35MM |
| Capital expenditure | $11.21MM | $15.98MM | $5.51MM |
| Investing Cash Flow | $-11.19MM | $-73.85MM | $21.66MM |
| Financing Cash Flow | $106.61MM | $-6.21MM | $-8.84MM |
| Earnings Per Share* | $-0.71 | $-1.63 | $-1.66 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.