BlackLine

BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.

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BlackLine reports robust Q4 performance amidst market uncertainties

BlackLine's Q4 performance showcased revenue growth, margin expansion, and strong cash flow metrics.
While facing challenges like elongated deal cycles, the company is leveraging strengths in strategic products and operational efficiencies.
Opportunities lie in increasing product attach rates, addressing accountant shortages, and referrals for finance efficiencies.
Guidance for 2023 reflects market uncertainty, but BlackLine remains agile in responding to demand signals and maintaining growth targets.

BlackLine reports strong Q1 revenue growth and strategic market focus

BlackLine's Q1 performance reflects revenue growth, margin strength, and success in key markets like Japan.
The company's customer-centric approach, automation solutions, and strategic partnerships position it well for future growth.
Challenges include AI governance, competitive landscape, and maintaining performance amidst market dynamics.
Opportunities lie in SAP strategy, EMEA success, interest income performance, and AI integration for growth.

BlackLine surpasses Q2 targets, eyes industry customization for growth

BlackLine's Q2 performance exceeded expectations, driven by strong revenue growth and customer retention strategies.
While facing market uncertainties and partnership challenges, the company is well-positioned to leverage opportunities in industry customization, product enhancements, and strategic sales initiatives.
With a focus on optimizing sales productivity, expanding partnerships, and enhancing customer success, BlackLine aims to achieve sustained growth and drive revenue through strategic initiatives.

BlackLine surpasses Q3 targets, eyes global growth and customer success

BlackLine's Q3 performance exceeded expectations, showcasing growth in revenue and profitability. The company's strengths in customer-centricity, product innovation, and strategic partnerships position it well for long-term success. Challenges include decelerating growth metrics and competitive pressures, while opportunities lie in customer expansion and global monetization.

BlackLine surpasses Q4 revenue targets, eyes strategic growth opportunities

BlackLine's Q4 2023 performance exceeded expectations, driven by strong revenue growth and strategic global deal closures across key sectors, showcasing financial stability and market relevance.
The company's strengths lie in innovation through AI integration, focus on high-potential markets, and successful market penetration in regions like Asia Pacific and mid-market segments.
While challenges include retention rate improvement and cautious revenue growth guidance, opportunities in strategic partnerships, industry expansion, and AI initiatives position BlackLine for continued growth and market leadership.

BlackLine surpasses Q1 revenue targets, focuses on AI innovation

BlackLine's Q1 2024 performance exceeded expectations, with strong revenue growth and profitability. The company's focus on AI innovation, partner distribution, and pricing strategies are key strengths.
Challenges include FX impact on customer cohorts and the need to navigate SAP migrations. Opportunities lie in AI adoption, R&D investments, and industry-specific growth strategies.
Overall, BlackLine is well-positioned for growth, with a solid financial outlook and strategic initiatives in place to drive expansion and customer value.

BlackLine (BL) reports robust Q2 earnings, raises guidance for 2024

BlackLine's Q2 2024 earnings call highlighted strong financial performance, growth in strategic products, and enhanced competitive positioning. Challenges include improving customer onboarding and digital self-service options. Opportunities lie in new customer wins, expanded guidance, and future growth strategies.

BlackLine exceeds Q3 expectations, raises guidance on strong performance

BlackLine (BL) delivered strong financial results in Q3 2024, surpassing revenue and profitability targets with record free cash flow generation. The company's strategic focus on enterprise and mid-market customers, coupled with successful deals and innovative product offerings, contributed to its performance. While challenges exist in market dynamics and competition, BlackLine is well-positioned to leverage opportunities for growth.

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Despite the massive share price correction, we continue to believe that BlackLine remains overvalued. Revenue growth has decelerated in a meaningful way, and the company is not yet GAAP profitable.

BlackLine: Still Overvalued Despite The Significant Share Price Correction

After losing some value lately, a hammer chart pattern has been formed for BlackLine (BL), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why BlackLine (BL) Looks Ripe for Bottom Fishing

Accounting automation software leader recognized as 'Best Overall', 'Best for Enterprise' and 'Best for Mid-sized', as rated by its customers at leading software peer review platform LOS ANGELES, Nov. 17, 2022 /PRNewswire/ -- BlackLine, Inc.  (Nasdaq: BL) has been named to the inaugural ' Best Software ' list from TrustRadius, a leading software peer review platform providing unbiased recognition of technology products based entirely on customer feedback.  The TrustRadius Best Software list recognizes "the best software products based on customer satisfaction, performance via reviews and market size fit.

BlackLine Named to First Annual TrustRadius Best Software List

Two thirds agree that understanding cash flow in real time will be crucial - but just 2% of those surveyed by BlackLine are completely confident in the visibility they currently have LOS ANGELES and LONDON and SINGAPORE and SYDNEY , Nov. 15, 2022 /PRNewswire/ -- A global survey of C-suite executives and finance and accounting (F&A) professionals commissioned by BlackLine, Inc. (Nasdaq: BL) has revealed a significant lack of confidence among the C-suite and F&A professionals when it comes to the visibility their company has over its cash flow, suggesting that many global organizations could be making decisions without an accurate, up-to-date view of company liquidity. This comes despite findings that suggest that visibility over cash flow and other financial metrics could be the key to businesses weathering the growing global economic storm.

Visibility over Cash will be Key to Surviving Economic Storm, Claim Majority of Global C-Suite Execs and Finance & Accounting Professionals

The average of price targets set by Wall Street analysts indicates a potential upside of 32.7% in BlackLine (BL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in BlackLine (BL)? Wall Street Analysts Think 33%

BlackLine (BL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

BlackLine (BL) Upgraded to Buy: Here's Why

BlackLine Accounting Studio, Financial Reporting Analytics, Modern Accounting Playbook for Cash Application and Microsoft Dynamics 365 Connector to further enable modern accounting LOS ANGELES , Nov. 8, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) today announced several new innovations including the BlackLine Accounting Studio – designed to help Finance and Accounting (F&A) leaders transform and modernize their operations via a single, controlled environment that unifies all of BlackLine's market-leading solutions. The new offerings will be featured this week at BlackLine's annual global conference BeyondTheBlack™ 2022.

BlackLine Reveals Transformational Finance & Accounting Solutions at 15th Annual BeyondTheBlack Global Conference

BlackLine, Inc. (NASDAQ:BL ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Matt Humphries - Vice President, Investor Relations Marc Huffman - Chief Executive Officer Mark Partin - Chief Financial Officer Conference Call Participants Alex Sklar - Raymond James Pinjalim Bora - JPMorgan Chase Mauro Molina - Piper Sandler Fred Lee - Credit Suisse Adam Hotchkiss - Goldman Sachs Operator Good day and thank you for standing by. Welcome to the Q3 2022 BlackLine Earnings Conference Call.

BlackLine, Inc. (BL) Q3 2022 Earnings Call Transcript

BlackLine (BL) delivered earnings and revenue surprises of 133.33% and 0.40%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

BlackLine (BL) Surpasses Q3 Earnings and Revenue Estimates

Leading organizations from around the world and across multiple industries recognized for embracing modern accounting to drive transformational outcomes LOS ANGELES , Nov. 1, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has announced the winners of its 2022 Modern Accounting Awards.  The company's fourth annual global awards program recognizes customers that have achieved transformational outcomes by going beyond traditional manual accounting processes to embrace modern accounting.

Starbucks, Chobani, Finning, Light & Wonder, McKesson and Takeda Honored with 2022 Modern Accounting Awards from BlackLine

LOS ANGELES, Oct. 13, 2022 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the third quarter ended September 30, 2022 after market close on Thursday, November 3, 2022 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

BlackLine Announces Date for Third Quarter 2022 Earnings Release and Conference Call

BlackLine has been a success story in the stock market, as the company has returned around 150% since 2016. Negative market sentiment has brought down BlackLine stock to values last seen in 2019.

BlackLine: Reasonable Valuation Suggests It Is A Buy

New Customer Attractiveness Scoring provides organizations with flexible models that assess credit worthiness to reduce risk and identify revenue opportunities LOS ANGELES , Oct. 13, 2022 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) has unveiled Customer Attractiveness Scoring, new capabilities in its AR (accounts receivable) Intelligence solution designed to provide real-time insights into the risk profile and behavior of an organization's customer base. Using behavioral insights gleaned in real time during the cash collection and management process, companies can better identify customers who are at risk of defaulting on and/or delaying payments and reduce the risk of debt going bad.

BlackLine Unveils Industry's 1st Accounts Receivable Automation Capabilities to Deliver Real-Time Insights into Customer Risk and Growth Opportunities Based on Behavioral Analysis

Accounting automation software leader recognized for fostering an environment where employees 'truly love and feel in synch with' the company LOS ANGELES , Oct. 11, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has been named to the 2022 Top 100 Most Loved Workplaces® list, an annual ranking presented by Newsweek in collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company. BlackLine took the No.

BlackLine Named to Newsweek's List of the Top 100 Most Loved Workplaces for 2022

Accounting automation software leader recognized for its continued emphasis on corporate social responsibility LOS ANGELES , Oct. 5, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has won a 2022 Tech Cares Award from TrustRadius, a leading B2B software peer review platform.  The annual award celebrates companies that have gone above and beyond to provide impactful corporate social responsibility (CSR) programs for their employees and surrounding communities.

BlackLine Receives Tech Cares Award from TrustRadius for Third Consecutive Year

Advanced automation and analytics to optimize intercompany tax flows for improved control and transparency LOS ANGELES , Sept. 27, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has unveiled the industry's first 'tax hyperautomation' capabilities for intercompany financial management, designed to help multinational corporations navigate the complexities of transacting across multiple legal entities, billing routes and jurisdictional boundaries.

BlackLine Unveils Industry's First 'Tax Hyperautomation' Capabilities for Intercompany Financial Management

LOS ANGELES, Aug. 30, 2022 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL) today announced that BlackLine's management team will participate in the following investor conference:

BlackLine Announces Participation in Upcoming Piper Sandler Growth Frontiers Conference

Since its inclusion in the first-ever Cloud 100 in 2016, BlackLine has gone public and continues to help companies around the world embrace modern accounting LOS ANGELES , Aug. 9, 2022 /PRNewswire/ -- BlackLine, Inc. (NASDAQ: BL) CEO Marc Huffman was invited to serve as a judge for the prestigious 2022 Forbes Cloud 100 list, divulged online today. Now in its seventh year, the annual Cloud 100 is the "definitive ranking of the top 100 private cloud companies in the world", published by  Forbes in partnership with  Bessemer Venture Partners and  Salesforce Ventures.

BlackLine CEO Marc Huffman Named a Judge for 2022 Forbes Cloud 100

Blackline, Inc.. (NASDAQ:BL ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Matt Humphries - VP, IR Marc Huffman - CEO & Director Mark Partin - CFO & Treasurer Conference Call Participants Brent Bracelin - Piper Sandler & Co. Matthew Stotler - William Blair & Company Robert Oliver - Robert W.

Blackline, Inc. (BL) CEO Marc Huffman on Q2 2022 Results - Earnings Call Transcript

BlackLine (BL) delivered earnings and revenue surprises of 600% and 1.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

BlackLine (BL) Surpasses Q2 Earnings and Revenue Estimates

Accounting automation software leader recognized for being a global industry leader with impressive customer and partner rosters LOS ANGELES , July 19, 2022 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) has been named a Top 100 Software Company for the second year in a row by The Software Report, a leading source for market research and insights, corporate activity, executive news and business happenings related to the software and SaaS (software-as-a-service) sectors. BlackLine is one of only two companies named in the Finance & Accounting category and the only provider of financial operations management solutions, taking a top-50 spot on the 2022 list alongside such global industry leaders as Adobe, Dropbox, Microsoft, Slack, Twilio and Zscaler.

BlackLine Named to The Software Report's 2022 Top 100 Software Companies List

LOS ANGELES, July 14, 2022 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2022 after market close on Thursday, August 4, 2022 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast will be accessible on BlackLine's investor relations website at https://investors.blackline.com/.

BlackLine Announces Date for Second Quarter 2022 Earnings Release and Conference Call

BlackLine recently reported strong Q1 results with revenue and non-GAAP EPS ahead of expectations. FY22 revenue guidance was raised to 23-24% yoy despite a challenged macro-economic environment and fears around recession.

BlackLine: Strong Results Reinforce Bullish Long-Term View

Accounting automation software leader recognized for convenience of centralized platform and outstanding customer support, as rated by its customers at leading software peer review platform LOS ANGELES , May 11, 2022  /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) has been recognized as a leader once again, earning 'Top Rated 2022' awards in the Accounting, Financial Close and Accounts Receivable (AR) categories from TrustRadius, a leading software peer review platform that has become a B2B industry standard, providing unbiased recognition of technology products based entirely on customer feedback.  "Earning multiple Top Rated awards is testament to BlackLine's leadership position in both financial close and accounts receivable automation," said Megan Headley, VP of Research at TrustRadius.

BlackLine Wins TrustRadius Top Rated 2022 Awards for Accounting, Financial Close and Accounts Receivable Automation

Shares of BlackLine have continued to plunge to YTD lows, and are now down more than 40% year to date. The company just released strong Q1 results that featured a beat and raise, as well as accelerating revenue growth.

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