Non-GAAP net loss per share of $(0.28) compared to a non-GAAP net loss per share of $(0.15) in Q1 2021.Non-GAAP net loss of $(8.7) million compared to non-GAAP net loss of $(2.8) million in Q1 2021.Adjusted EBITDA of $(3.0) million, or (15)% of revenue, compared to $2.1 million and 14% of revenue in Q1 2021.Net loss per share of $(0.41) compared to a net loss per share of $(0.20) in Q1 2021.Net loss of $(12.5) million compared to a net loss of $(3.7) million in Q1 2021.
Adjusted gross profit of $14.8 million, or 76% of revenue, compared to $11.4 million and 75% of revenue in Q1 2021.Gross profit of $9.8 million, or 50% of revenue, compared to $7.5 million and 49% of revenue, in Q1 2021.Computer Backup revenue was $12.3 million, an increase of 18% YoY.B2 Cloud Storage revenue was $7.0 million, an increase of 48% YoY.Revenue of $19.5 million, an increase of 27% year-over-year (YoY).Our fast-growing team continues to execute on our mission of making it astonishingly easy to store, use, and protect data,” concluded Mr. These advances make it even easier, more strategic, and more cost-effective to store more data with Backblaze. “We also recently announced numerous product and platform enhancements, including our Universal Data Migration, B2 Reserve, Partner API, and the beta launch of Cloud Replication.
“In Q1, our business hit $79 million in annual recurring revenue and grew 27%-an acceleration versus 24% growth in the same period a year ago,” said Gleb Budman, CEO of Backblaze. (Nasdaq: BLZE), a leading storage cloud platform, today announced results for its first quarter, ended March 31, 2022.
SAN MATEO, Calif., (GLOBE NEWSWIRE) - Backblaze, Inc. 48% Revenue Growth in B2 Cloud Storage, 27% Revenue Growth Overall in Q1 2022
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