Read moreĬontractual Obligations and Commitments Our. Read moreįactors Affecting Our Performance We. Read moreįurthermore, we plan to continue. Read moreĬash flows from operating activities. Read moreĪdditional limitations of ARR include. Interest Expense Interest expense increased. Read moreĪdjusted Gross Margin We believe. provides a foundation for businesses, developers, IT professionals and individuals to store, back up and archive data, host content, manage media. Cash flow from financial activities can be defined as the net amount of cash transactions used in funding activities. With over two billion gigabytes of data storage under management, the company currently works with more than 500,000 customers in over 175. Read moreĪs customers generate, store, and. Backblaze cash flow from financial activities from 2020 to 2023. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. Read moreĪccordingly, we recorded a gain. Read moreĬapitalized Internal-Use Software, Net We. Read moreĬonsumption-based revenue is variable and. Read moreĬash used in investing activities. Variable consideration, which contains estimates. Read moreįor additional details, see the. Read moreĬomputer Backup (subscription-based arrangements) revenue. Personnel-related costs associated with customer. Read moreīecause of these limitations, when. Read moreįor our subscription arrangements, we. Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and. Key Business Metrics We monitor the key business metrics set forth below to help us evaluate our business and growth trends, establish budgets, measure the effectiveness of our sales and marketing efforts, and assess operational efficiencies. The following table presents a reconciliation of gross profit, the most directly comparable financial measure stated in accordance with GAAP, to adjusted gross profit, for each of the periods presented: Adjusted EBITDA Our management uses adjusted EBITDA to assess our operating performance. Non-GAAP Financial Measures To supplement our financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States, or GAAP, we provide investors with non-GAAP financial measures including adjusted gross margin and adjusted EBITDA, each as defined below. Our future capital requirements will depend on many factors, including our total revenue growth rate, the timing and the amount of cash received from customers, the expansion of sales and marketing activities, the timing and extent of spending to support development efforts, the price at which we are able to purchase or lease infrastructure equipment, the introduction of platform enhancements, and the continuing market adoption of our platform.Ĭash used in operations increased during the year ended December 31, 2022, as compared to the same period in 2021 primarily due to increased spending in support of our expanded research and development and sales and marketing spending to support business growth. Other Inside Backblaze, Inc.'s 10-K Annual Report:
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