Backblaze Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(in thousands, except share data)
| Three Months Ended September 30, 2024 | |||||
|---|---|---|---|---|---|
| Class A Common Stock(1) · AdditionalPaid-inCapital · AccumulatedDeficit · Total | |||||
| Shares · Amount | |||||
| Balance as of June 30, 2024 | 42,886,281 | $4 | $213,949 | $(168,855) | $45,098 |
| Net loss | — | — | — | (12,753) | (12,753) |
| Issuance of common stock upon exercise of stock options | 440,938 | — | 1,337 | — | 1,337 |
| Issuance of common stock under the 2021 Equity Incentive Plan (as amended and restated, "2021 Plan") | 937,954 | — | — | — | — |
| Stock-based compensation | — | — | 9,149 | — | 9,149 |
| Balance as of September 30, 2024 | 44,265,173 | $4 | $224,435 | $(181,608) | $42,831 |
| Three Months Ended September 30, 2023 | |||||
| Class A and Class B Common Stock · AdditionalPaid-inCapital · AccumulatedDeficit · Total | |||||
| Shares · Amount | |||||
| Balance as of June 30, 2023 | 35,984,501 | $4 | $173,372 | $(119,191) | $54,185 |
| Net loss | — | — | — | (16,055) | (16,055) |
| Issuance of Class A common stock upon exercise of stock options | 659,837 | — | 1,254 | — | 1,254 |
| Issuance of Class A common stock under the 2021 Plan | 820,301 | — | — | — | — |
| Stock-based compensation | — | — | 7,974 | — | 7,974 |
| Balance as of September 30, 2023 | 37,464,639 | $4 | $182,600 | $(135,246) | $47,358 |
| Nine Months Ended September 30, 2024 | |||||
|---|---|---|---|---|---|
| Class A Common Stock(1) · AdditionalPaid-inCapital · AccumulatedDeficit · Total | |||||
| Shares · Amount | |||||
| Balance as of December 31, 2023 | 39,150,610 | $4 | $192,388 | $(147,454) | $44,938 |
| Net loss | — | — | — | (34,154) | (34,154) |
| Issuance of common stock upon exercise of stock options | 2,135,767 | — | 6,336 | — | 6,336 |
| Issuance of common stock under the 2021 Plan | 2,295,831 | — | — | — | — |
| Issuance of common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") | 386,517 | — | 1,359 | — | 1,359 |
| Issuance of restricted stock units related to the 2023 Bonus Plan (see Note 14) | 296,448 | — | 3,507 | — | 3,507 |
| Stock-based compensation | — | — | 20,845 | — | 20,845 |
| Balance as of September 30, 2024 | 44,265,173 | $4 | $224,435 | $(181,608) | $42,831 |
| Nine Months Ended September 30, 2023 | |||||
| Class A and Class B Common Stock · AdditionalPaid-inCapital · AccumulatedDeficit · Total | |||||
| Shares · Amount | |||||
| Balance as of December 31, 2022 | 33,393,737 | $4 | $156,485 | $(87,741) | $68,748 |
| Net loss | — | — | — | (47,505) | (47,505) |
| Issuance of Class A common stock upon exercise of stock options | 1,844,602 | — | 3,309 | — | 3,309 |
| Issuance of Class A common stock under the 2021 Plan | 1,589,837 | — | — | — | — |
| Issuance of Class A common stock related to ESPP | 348,555 | — | 1,171 | — | 1,171 |
| Stock-based compensation | — | — | 19,787 | — | 19,787 |
| Issuance of restricted stock units related to the 2022 Bonus Plan (see Note 14) | 287,908 | — | 1,848 | — | 1,848 |
| Balance as of September 30, 2023 | 37,464,639 | $4 | $182,600 | $(135,246) | $47,358 |
(1) On July 6, 2023, all shares of the Company’s then outstanding Class B common stock were automatically converted into the same number of Class A common stock, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 15 for further details.
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