Shares of Backblaze climbed after the company raised its full-year revenue outlook.

Shares surged 36% to $10.10 in after-hours trading on Monday. The stock was down 2.5% at $7.40 through market-close, and is up 59% year to date.

The cloud storage and data backup company now expects full-year revenue between $177.8 million and $178.2 million, compared with its previous outlook of between $172 million and $174 million. Analysts polled by FactSet expect $173 million.

The raised outlook comes after the company posted a third-quarter loss of $2.4 million, or a loss of 4 cents a share, compared with a loss of $3.8 million, or a loss of 7 cents a share, the prior year.

On an adjusted basis, earnings per share were 9 cents. Analysts polled by FactSet expected 5 cents.

Revenue rose by 26% to $46.7 million. Wall Street analysts were looking for $44.6 million.

Backblaze's B2 cloud storage revenue increased 47% to $30.5 million, the company said.