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Re:Backblaze S-1 IPO by Mxs2000 on Monday October 18, 2021 @08:44PM (#28913683)
If you examine the financial statements you will see that they were Cash Flow positive in 2019 (but not in 2020).

It’s also important to note that being cash flow positive is not the same as being GAAP/IFRS profitable (Net Income).

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