Backblaze Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
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 and Class B Common Stock(1) · AdditionalPaid-inCapital · AccumulatedDeficit · Total | |||||
|---|---|---|---|---|---|
| Shares · Amount | |||||
| Balance as of December 31, 2021 | 30,384,834 | $3 | $131,826 | $(36,343) | $95,486 |
| Net loss | — | — | — | (51,398) | (51,398) |
| Issuance of Class A and Class B common stock upon exercise of stock options | 2,112,819 | 1 | 4,407 | — | 4,408 |
| Issuance of Class A common stock under 2021 Plan, net of taxes withheld | 321,720 | — | (130) | — | (130) |
| Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") | 574,364 | — | 2,511 | — | 2,511 |
| Stock-based compensation | — | — | 17,871 | — | 17,871 |
| 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 ESPP | 695,046 | — | 2,339 | — | 2,339 |
| Issuance of restricted stock units related to the 2022 Bonus Plan (See Note 13) | 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 |
(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 12 for further details.
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