![]() ![]() These figures also look good on a quarter-over-quarter basis. Financialsīackblaze is very much still a growing company, and it has posted 10 straight quarters of double-digit YoY growth. ![]() This article will review the company's financial statements as well as its valuation in order to determine where it's headed. Yet, I don't think it's fair to jump to conclusions. In the age of AWS as well as cloud storage products from Google ( GOOG) ( GOOGL) and Microsoft ( MSFT), it is natural to be concerned about a niche cloud provider such as this one. Initially priced at $16 per share, Backblaze has since seen its shares depreciate significantly and has underperformed the NASDAQ by roughly 3-to-1. ![]() This kind of storage is not efficient for transactional systems such as point-of-sale or website logging.īackblaze was founded in 2007 and quite recently listed itself on the public markets, in Q4 2021. Examples of data types that work particularly well in object storage are photos, videos, and audio. Unstructured in this context is a technical term and refers to data that cannot readily fit into the common SQL (standard query language) paradigm this includes basically anything that isn't numerical in nature. This is a type of digitized information storage that is particularly efficient for 'unstructured' data. The company's core offering is for 'object storage' systems. The backup service is offered to both businesses and personal computer users. Their storage offering comes in two primary forms readily-accessible cloud storage as well as slower backup storage. Backblaze has always had, and maintains, a strategic focus on cloud data storage in particular. The company operates similarly to AWS in that it provides a set of application programming interfaces that connect to their server farm in order to allow companies to readily store and query data via the cloud. Backblaze Inc ( NASDAQ: BLZE) is a cloud storage SaaS company. ![]()
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