Core Viewpoint - Backblaze, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following a negative report from Morpheus Research that highlighted financial missteps and questionable accounting practices [1][2]. Group 1: Investigation and Legal Actions - Bragar Eagel & Squire, P.C. is investigating potential claims against Backblaze on behalf of its stockholders [1]. - The investigation is focused on whether Backblaze has engaged in unlawful business practices and violated federal securities laws [1]. - Stockholders who have suffered losses or have information regarding these claims are encouraged to contact the law firm [3]. Group 2: Financial Performance and Market Reaction - Backblaze's stock experienced a significant decline following the release of a critical report from Morpheus Research, which detailed alleged financial missteps since the company's IPO in November 2021 [2]. - The report accused Backblaze of questionable accounting practices, including financial manipulations and inflated forecasts [2]. - The stock price dropped during intraday trading on April 24, 2025, in response to the report [2].

NEW YORK, April 28, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc. ("Backblaze" or the "Company") (NASDAQ: BLZE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Backblaze and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On April 24, 2025, Mor ...

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrang ...

LOS ANGELES, April 28, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ: BLZE) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Backblaze is the subject of an article published by Investing.com on April 24, ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Backblaze, Inc. due to allegations of materially misleading business information issued by the company [1] Group 1: Investigation and Allegations - The investigation is prompted by a report from Morpheus Research that accused Backblaze of financial missteps and questionable accounting practices since its IPO in November 2021 [3] - The Morpheus Research report led to a significant drop in Backblaze's stock price, which fell by 2.1% on April 24, 2025 [3] Group 2: Class Action Details - Shareholders who purchased Backblaze securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements since 2013 [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41026 _________________________________ BACKBLAZE, INC. _________________________ ...

DENVER and SAN MATEO, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- Cologix, a leading North American network-neutral data center provider, today announced Backblaze (Nasdaq: BLZE), a publicly traded cloud storage company, has deployed its services at Cologix’s TOR3 digital edge data center in Toronto. This deployment features a high-capacity setup with dedicated power and a direct fiber connection to Cologix’s TOR1 digital edge data center, Canada’s largest carrier hotel, providing fast access to multiple net ...

Group 1 - The article emphasizes the importance for investors to focus on selecting individual stocks with specific catalysts for a rally, especially as stock markets hover around all-time highs [1] - Gary Alexander, with extensive experience in technology and startups, provides insights into industry themes and has been a contributor to Seeking Alpha since 2017 [1] Group 2 - The article does not provide any specific company or industry analysis, focusing instead on general investment strategies and the author's background [2][3]

Backblaze, Inc. (NASDAQ:BLZE) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Mimi Kong - Senior Director of Investor Relations and Corporate Development Gleb Budman - Chairman and Chief Executive Officer Marc Suidan - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Ittai Kidron - Oppenheimer & Co., Inc. Simon Leopold - Raymond James & Associates, Inc. Jason Ader - William Blair & Company Maxwell Michaelis - Lake Street Capit ...

Financial Performance - Q4 2024 revenue was $33.8 million, an increase of 18% year-over-year, with B2 Cloud Storage revenue growing 22% to $17.1 million[4] - Adjusted EBITDA for Q4 2024 was $4.6 million, representing a margin of 14%, more than doubling from 6% in Q4 2023[4] - Annual recurring revenue (ARR) reached $136.7 million, a 16% increase year-over-year, with B2 Cloud Storage ARR growing 22% to $70.2 million[7] - Net loss for Q4 2024 was $14.4 million, compared to a net loss of $12.2 million in Q4 2023, while net loss per share improved to $0.30 from $0.32[4] - The net loss for the year ended December 31, 2024, was $48,531,000, an improvement from a net loss of $59,713,000 in 2023[32] - Non-GAAP net loss for the year ended December 31, 2024, was $17.534 million, improving from a non-GAAP net loss of $30.511 million in 2023[40] Customer Metrics - Gross customer retention rate was 90% in Q4 2024, slightly down from 91% in Q4 2023, with B2 Cloud Storage retention at 89%[7] - The number of customers decreased to 507,647 from 511,942 in Q4 2023, while B2 Cloud Storage customers increased to 107,616 from 97,842[7] - The net revenue retention rate (NRR) for the company is 120%, reflecting a 1% decrease from the previous quarter due to a refined customer definition[23] Cash Flow and Expenses - Adjusted free cash flow for the year ended December 31, 2024, was $(20.1) million, an improvement from $(43.2) million in 2023[4] - Adjusted Free Cash Flow for the three months ended December 31, 2024, was $(4.528) million, with an Adjusted Free Cash Flow margin of (13)%, compared to (19)% in the same period of 2023[41] - The company provided $2.233 million in net cash from operating activities for the three months ended December 31, 2024, compared to $3.248 million in 2023[41] - Operating expenses for the year ended December 31, 2024, totaled $115,632,000, compared to $107,762,000 in 2023, indicating an increase of approximately 7.3%[30] - Total stock-based compensation expense for the three months ended December 31, 2024, was $9.133 million, up from $6.507 million in 2023[42] Future Outlook - The company expects Q1 2025 revenue growth of 21-23% and full-year 2025 revenue between $144.0 million to $146.0 million[7] - The company expects to continue its restructuring efforts, which include $3.9 million in severance and benefits related to impacted employees as part of the 2024 Restructuring Plan[38] Asset Growth - The total assets of the company increased to $168,558,000 in 2024 from $131,687,000 in 2023, representing a growth of approximately 27.9%[28] - Cash and cash equivalents at the end of the period increased to $45,776,000 from $16,630,000, marking a significant increase[32] AI Business Impact - AI-related business saw a nearly 10-fold increase in data, with 3 AI companies now among the top 10 customers[6]