Backblaze, Inc. (NASDAQ:BLZE) Q3 2023 Earnings Call Transcript

Frank Patchel: Well, first of all, we are focused on growing revenue. Remember, we have the enormous opportunity out there, but we are driving operational efficiencies too. You can see it in our operating costs, our OpEx, which is fairly flat quarter-on-quarter. This quarter, it was actually below the previous. And part of that is that our headcount growth has really been slowing. We’re really fairly flat to last year in comparison. And we’re also going be able to leverage that expanded footprint in our data centers, which remember we expanded them during this year and now we can grow into them. But overall, we’re a growth company and we continue to drive growth with our investments. And we do still expect to reach cash flow positive by mid 2025 with all of that.

Mimi Kong: Now, before I hand the call back to Gleb, I understand there were some audio issues today. We will definitely look into it for our next call, but if there are any questions that you need any clarity on, please feel free to reach out to me at iratbackblaze.com. Now, I’ll hand the call back over to Gleb. Gleb?

Gleb Budman: All right, thanks, Mimi. Thank you everybody for joining us today on our earnings call. And we’ll look forward to chatting with you on our next one in February. Operator, you may disconnect now.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.