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Backblaze Announces $10 Million Share Repurchase Program

1. Backblaze authorized a $10 million share repurchase program until August 2026. 2. The company aims for positive Adjusted Free Cash Flow by Q4 2025.

Shares Buyback
+31.5%Current Return
VS
+0.74%S&P 500
$5.3508/07 07:18 AM EDTEvent Start
$7.03508/08 02:14 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks generally signal confidence and can enhance per-share value. Historical examples (like Apple) show positive stock movement post-share buybacks.

How important is it?

Repurchase programs often result in immediate stock appreciation, reflecting faith in business model and financial health.

Why Long Term?

Achieving positive cash flow by late 2025 indicates sustainable growth, benefiting stock price.

Related Companies

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SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that its Board of Directors authorized a share repurchase program to purchase up to $10 million of shares of its common stock through August 1, 2026. With the company on track to turn Adjusted Free Cash Flow positive in Q4 of 2025, using cash from employee exercised stock options and purchases under the Employee Stock Purc.

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