Adjusted EBITDA margin between -20% to -16%.Revenue between $19.0 million to $19.5 million.Made significant progress in developing our Partner API, to be made generally available later in Q1.īased on information available as of February 17, 2022,.Launched B2 Cloud Storage bucket creation in mobile apps to enable customers to add data on-the-go.Hit key internal development milestones to deliver B2 Cloud Storage Cloud Replication by mid-2022.Expanded our infrastructure with a new data center and additional performance enhancements.Scaled our partner marketing efforts with a new partnership and the launch of a partner marketing team.Ĭloud products and platform achievements:.Established a developer evangelism group to authentically engage with the vital developer ecosystem.Invested in growing brand awareness by reaching millions of viewers with our first major video advertising campaign.Rapidly expanded our outbound sales team to greatly strengthen our lead development capacity.Computer Backup ARPU was $108 versus $97 in Q4 2020.B2 Cloud Storage ARPU was $348 versus $292 in Q4 2020.Total Annual Average Revenue Per Customer (ARPU) was $147 versus $124 in Q4 2020.Computer Backup number of customers was 439,249 versus 419,209 in Q4 2020.B2 Cloud Storage number of customers was 74,318 versus 59,112 in Q4 2020.Computer Backup gross customer retention rate was 91% in Q4 2021 and 90% Q4 2020 1.B2 Cloud Storage gross customer retention rate was 89% in both Q4 2021 and Q4 2020 1.Gross customer retention rate was 91% compared to 90% in Q4 2020.Computer Backup NRR was 102% compared to 107% in Q4 2020 1.B2 Cloud Storage NRR was 130% compared to 136% in Q4 2020 1.Net revenue retention (NRR) rate was 110% compared to 114% in Q4 2020.Computer Backup ARR was $48.6 million, an increase of 15% YoY.B2 Cloud Storage ARR was $26.8 million, an increase of 57% YoY.Annual recurring revenue (ARR) was $75.4 million, an increase of 27% YoY.Adjusted EBITDA was $3.2 million, or 5% of revenue, compared to $11.1 million and 21% of revenue in 2020.įourth Quarter 2021 Operational Highlights:.
Net loss per share was $1.07 compared to $0.36 in 2020.Net loss was $21.7 million compared to $6.6 million in 2020.Adjusted gross profit of $50.5 million, or 75% of revenue, compared to $40.5 million and 75% of revenue in 2020.Gross profit of $34.3 million, or 51% of revenue, compared to $28.0 million and 52% of revenue, in 2020.Computer Backup revenue was $44.1 million, an increase of 13% YoY.B2 Cloud Storage revenue was $22.6 million, an increase of 59% YoY.Revenue of $67.5 million, an increase of 25% YoY.
Cash and cash equivalents were $104.8 million as of December 31, 2021.Adjusted EBITDA was $(1.3) million, or (7)% of revenue, compared to $2.0 million and 14% of revenue in Q4 2020.Net loss per share was $0.38 compared to a net loss per share of $0.18 in Q4 2020.Net loss was $9.6 million compared to a net loss $3.4 million in Q4 2020.Adjusted gross profit of $14.1 million, or 75% of revenue, compared to $11.2 million and 77% of revenue in Q4 2020.Gross profit of $9.8 million, or 53% of revenue, compared to $7.6 million and 52% of revenue, in Q4 2020.Computer Backup revenue was $11.9 million, an increase of 16% YoY.