Backblaze, Inc. (BLZE)
NASDAQ: BLZE · IEX Real-Time Price · USD
9.13
+0.01 (0.11%)
At close: Apr 18, 2024, 4:00 PM
9.35
+0.22 (2.41%)
After-hours: Apr 18, 2024, 4:25 PM EDT

Backblaze Statistics

Total Valuation

Backblaze has a market cap or net worth of $376.16 million. The enterprise value is $392.40 million.

Market Cap 376.16M
Enterprise Value 392.40M

Important Dates

The next confirmed earnings date is Wednesday, May 8, 2024, after market close.

Earnings Date May 8, 2024
Ex-Dividend Date n/a

Share Statistics

Backblaze has 41.20 million shares outstanding. The number of shares has increased by 13.74% in one year.

Shares Outstanding 41.20M
Shares Change (YoY) +13.74%
Shares Change (QoQ) +4.40%
Owned by Insiders (%) 23.39%
Owned by Institutions (%) 27.43%
Float 35.70M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 3.68
Forward PS 2.90
PB Ratio 8.36
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 3.85
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 0.68, with a Debt / Equity ratio of 1.02.

Current Ratio 0.68
Quick Ratio 0.53
Debt / Equity 1.02
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -14.75

Financial Efficiency

Return on equity (ROE) is -115.40% and return on invested capital (ROIC) is -63.70%.

Return on Equity (ROE) -115.40%
Return on Assets (ROA) -43.90%
Return on Capital (ROIC) -63.70%
Revenue Per Employee $267,766
Profits Per Employee -$156,727
Employee Count 381
Asset Turnover 0.75
Inventory Turnover n/a

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +92.00% in the last 52 weeks. The beta is 1.20, so Backblaze's price volatility has been higher than the market average.

Beta (1Y) 1.20
52-Week Price Change +92.00%
50-Day Moving Average 10.14
200-Day Moving Average 7.15
Relative Strength Index (RSI) 37.23
Average Volume (30 Days) 422,859

Short Selling Information

The latest short interest is 1.24 million, so 3.01% of the outstanding shares have been sold short.

Short Interest 1.24M
Short Previous Month 1.42M
Short % of Shares Out 3.01%
Short % of Float 3.48%
Short Ratio (days to cover) 3.22

Income Statement

In the last 12 months, Backblaze had revenue of $102.02 million and -$59.71 million in losses. Loss per share was -$1.66.

Revenue 102.02M
Gross Profit 49.86M
Operating Income -57.91M
Pretax Income -59.71M
Net Income -59.71M
EBITDA -28.66M
EBIT -55.92M
Loss Per Share -$1.66
Full Income Statement

Balance Sheet

The company has $29.30 million in cash and $45.96 million in debt, giving a net cash position of -$16.66 million or -$0.40 per share.

Cash & Cash Equivalents 29.30M
Total Debt 45.96M
Net Cash -16.66M
Net Cash Per Share -$0.40
Equity / Book Value 44.94M
Book Value Per Share 1.09
Working Capital -18.57M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$7.35 million and capital expenditures -$19.86 million, giving a free cash flow of -$27.21 million.

Operating Cash Flow -7.35M
Capital Expenditures -19.86M
Free Cash Flow -27.21M
FCF Per Share -$0.76
Full Cash Flow Statement

Margins

Gross margin is 48.87%, with operating and profit margins of -56.76% and -58.53%.

Gross Margin 48.87%
Operating Margin -56.76%
Pretax Margin -58.53%
Profit Margin -58.53%
EBITDA Margin -28.09%
EBIT Margin -54.81%
FCF Margin -26.67%

Dividends & Yields

Backblaze does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -13.74%
Shareholder Yield -13.74%
Earnings Yield -15.89%
FCF Yield -7.24%

Analyst Forecast

The average price target for Backblaze is $14.00, which is 53.34% higher than the current price. The consensus rating is "Strong Buy".

Price Target $14.00
Price Target Difference 53.34%
Analyst Consensus Strong Buy
Analyst Count 4
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Backblaze has an Altman Z-Score of 0.24 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.24
Piotroski F-Score 2