In November 2021, the backbills came to the public and Picked up Million 100 million. Morphus noted that since then, “Back Blizz has reported the losses every quarter, its outstanding shares have increased by 80 percent, and its share price has decreased by 71 percent.”
After the Morphus report, Investment On Thursday, it was reported that backlosis shares declined by 8.3 %.
Beyond the financial implications of the stock holders, the Morphus report has raised some concern for small businesses and individuals who rely on back -up for data backups. Today, for example, How to Gack Regarding the Morphus report, “Back Bottom can be in backup difficulties”. The publication states that if the Morphrio’s reporting was correct, the back cat’s does not appear to move towards profit. In the Q4 2024 income report [PDF]Back Blizz reported a net loss of $ 48.5 million. In 2023, it reported a net loss of $ 59.7 million.
“If the back balls suddenly shut down, consumers may lose access to current backups.”
Back Bloss responds
The ARS Technica company’s concerns about financial affairs reached the backbull of his response to his response, resulting in the backup. Patrick Thomas, Back Blaze Marketing VP, calls Morphus claims “baseless”. He added:
This report is incorrect and misleading, which is largely based on the same kind of legalism, and the financial gain of short sellers is a clear attempt to manipulate the price of our stock.
Thomas also claimed that the “independent, third -party reviews” have already learned that there has been “no wrongdoing or problem” with the public financial results of the backbull.
Thomas said, “Our storage cloud is continuing to provide reliable, high performance services on which Backbuses rely, and we are fully focused on creating driving innovation and long -term value for our customers, employees and investors.”
The Back Blaze will announce its Q1 2025 results on May 7. Regardless of what the company’s financial affairs and legalization are ahead, associated with it The rule of 3-2-1 backup is sensible.