Backblaze Inc
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
(in thousands, except share data)
| Class A Common Stock(1) · AdditionalPaid-inCapital · AccumulatedDeficit · Total | |||||
|---|---|---|---|---|---|
| Shares · Amount | |||||
| Balance as of December 31, 2022 | 33,393,737 | $4 | $156,485 | $(87,741) | $68,748 |
| Net loss | — | — | — | (59,713) | (59,713) |
| Issuance of Class A common stock upon exercise of stock options | 2,446,846 | — | 4,613 | — | 4,613 |
| Issuance of Class A common stock under 2021 Plan | 2,327,073 | — | — | — | — |
| Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") | 695,046 | — | 2,339 | — | 2,339 |
| Issuance of restricted stock units related to the 2022 Bonus Plan (See Note 14) | 287,908 | — | 1,848 | — | 1,848 |
| Stock-based compensation | — | — | 27,103 | — | 27,103 |
| Balance as of December 31, 2023 | 39,150,610 | 4 | 192,388 | (147,454) | 44,938 |
| Net loss | — | — | — | (48,531) | (48,531) |
| Issuance of shares of common stock upon public offering, net of underwriting discounts and commissions and other offering costs | 7,187,500 | 1 | 36,980 | — | 36,981 |
| Issuance of common stock upon exercise of stock options | 2,526,902 | — | 7,537 | — | 7,537 |
| Issuance of common stock under 2021 Plan | 3,434,104 | — | — | — | — |
| Issuance of common stock related to ESPP | 780,206 | — | 2,768 | — | 2,768 |
| Issuance of restricted stock units related to the 2023 Bonus Plan (See Note 14) | 296,448 | — | 3,507 | — | 3,507 |
| Stock-based compensation | — | — | 30,422 | — | 30,422 |
| Balance as of December 31, 2024 | 53,375,770 | $5 | $273,602 | $(195,985) | $77,622 |
(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 13 for further details.
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