Backblaze has reported positive Q3 results with revenue of $32.6m versus guidance $32.4-32.8m, and adjusted EBITDA margin of 12% versus 9-11% guidance. We previously raised our FY24E and FY25E forecasts at the Q2 stage and maintain these forecasts. The company has announced new initiatives on go-to-market transformation and on streamlining of the cost structure, following the appointment of CRO, Jason Wakeam in July and CFO, Marc Suidan in August. Backbaze announce new targets include continued ....
