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SAN MATEO, Calif. - Backblaze, Inc. (NASDAQ: BLZE), a cloud storage solutions provider with a market capitalization of $305 million and impressive revenue growth of 21.8% over the last twelve months, has announced a private preview of its new enterprise web console. According to InvestingPro analysis, the company maintains a healthy gross profit margin of 55.4% despite current market challenges. The upcoming console is designed to enhance cloud storage security with features like role-based access controls and mandatory multi-factor authentication.
The console aims to simplify the management of B2 Cloud Storage for enterprises and managed service providers by offering a streamlined user experience and intuitive design. It will allow businesses to manage B2 Cloud Storage deployments more efficiently and with greater flexibility, enabling departments and user groups to handle their B2 Buckets directly. InvestingPro data shows the company’s operational efficiency initiatives are supported by a moderate debt-to-equity ratio of 0.62, indicating a balanced approach to growth and financial stability.
One of the key features of the enterprise web console is the implementation of role-based access controls, which provide customizable permission levels within an organization. This aligns with zero trust security best practices by limiting unnecessary access. Additionally, the mandatory multi-factor authentication feature is set to improve account security significantly.
The new console also supports single sign-on (SSO) and System for Cross-domain Identity Management (SCIM) integrations, which facilitate easy administration of user bases. Moreover, the ability to create buckets in any region is introduced, supporting data redundancy for disaster recovery, optimizing global application performance, and meeting data residency compliance requirements.
David Ngo, Chief Product Officer, emphasized that the console’s intuitive design allows for simple access to enterprise-level features and innovations, including multi-region bucket creation and the B2 Overdrive performance tier. The feedback from the private preview will inform further enhancements.
Backblaze’s enterprise web console is set to enter private preview in the upcoming weeks, with a general release slated for later in the year. Customers with a committed contract are encouraged to contact their Customer Success Manager for eligibility in the private preview.
This development is part of Backblaze’s ongoing efforts to provide modern and secure cloud storage alternatives. The company, headquartered in San Mateo, CA, has been serving a global customer base since 2007, recently showing strong momentum with a 4.5% price return over the past week. For detailed insights into Backblaze’s financial health and growth prospects, investors can access comprehensive analysis and additional ProTips through InvestingPro’s extensive research reports. The information reported is based on a press release statement from Backblaze, Inc.
In other recent news, Backblaze Inc. reported its first-quarter 2025 earnings, revealing significant financial improvements. The company exceeded expectations with an adjusted earnings per share of -$0.03, better than the anticipated -$0.06. Revenue for the quarter reached $34.6 million, surpassing the forecasted $34.22 million. Backblaze’s revenue growth was driven by a 15% year-over-year increase, notably in its B2 segment, which saw a 23% revenue acceleration. The company also reported that its AI segment experienced rapid growth, with a 66% increase in its customer base. Analysts from firms like Needham and Craig Hallum Capital Group have shown interest in Backblaze’s strategic moves, including its new B2 Cloud Storage OverDrive offering. The company has raised its full-year revenue guidance to $144-$146 million and increased its adjusted EBITDA margin guidance to 17-19%, reflecting its confidence in continued growth.
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