NasdaqGM:BLZEIT
Backblaze (BLZE) Stock Price Jumps On 30% EBITDA Margin Breakthrough
Backblaze walked into this print as a high growth, loss making cloud storage stock with a mixed reputation on profitability. It walked out with the market bidding the stock up about 27% in a single day. That jump reflects one thing above all: Q2 showed a sharp improvement in cash economics, with adjusted earnings before interest, tax, depreciation and amortization margin landing at 30% on US$42.7m of revenue.
For a company framed around long term revenue growth rather than profits, that kind...