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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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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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BlackLine, Inc. (NASDAQ:BL ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Barry Hutton - Managing Director, Investor Relations, The Blueshirt Group Marc Huffman - Chief Executive Officer Mark Partin - Chief Financial Officer Conference Call Participants Koji Ikeda - Bank of America Pinjalim Bora - JPMorgan Rob Oliver - Baird Matt Stotler - William Blair Ali Yaseen - Berenberg Matt VanVliet - BTIG Mauro Molina - Piper Sandler Operator Ladies and gentlemen, thank you for standing by and welcome to the First Quarter 2022 BlackLine Earnings Conference Call. At this time, all participants are in a listen-only mode.

BlackLine, Inc. (BL) CEO Marc Huffman on Q1 2022 Results - Earnings Call Transcript

BlackLine (BL) delivered earnings and revenue surprises of 112.50% and 0.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

BlackLine (BL) Tops Q1 Earnings and Revenue Estimates

BlackLine (BL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate BlackLine (BL) to Report a Decline in Earnings: What to Look Out for

Global expansion includes Solution Provider Partner Program focused on MAP for mid-market customers in EMEA and APAC LOS ANGELES , April 26, 2022 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) today announced the global availability of its 'Modern Accounting Playbook' (MAP), a solution package based on leading practices to help companies get up and running quickly on BlackLine's market-leading accounting automation platform and guide them through a proven process to achieve a stress-free financial close.  The solution package, which has already been used successfully by more than 500 companies in North America, will now be available for mid-market customers across EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific).

BlackLine Modern Accounting Playbook (MAP) Available Worldwide

LOS ANGELES, April 07, 2022 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the first quarter ended March 31, 2022 after market close on Thursday, May 5, 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/. The call can also be accessed from the United States and Canada at (844) 229-7595 and other international locations at (314) 888-4260, passcode 8199932.

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

Susan Otto to discuss winning strategies for attracting and retaining talent in turbulent times LOS ANGELES, April 5, 2022 /PRNewswire/ -- Susan Otto, chief people officer at accounting automation software leader BlackLine, Inc. (Nasdaq: BL), has been invited to speak this week at the Wellbeing at Work Summit US 2022. Wellbeing at Work's mission is to make wellbeing and mental health a strategic priority in every organization across the world.

BlackLine Chief People Officer Invited to Speak at Wellbeing at Work Summit US 2022

Accounting automation software leader recognized for financial close, accounts receivable and intercompany financial management solutions LOS ANGELES, March 23, 2022 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) has been awarded the Controllers Council Seal of Approval™ for Financial Operations Management based on ratings from a community of more than 90,000 controllers, CFOs and other corporate finance professionals.  BlackLine's accounting automation platform received high marks for its solutions that manage and automate financial close, accounts receivable and intercompany accounting processes.

BlackLine Awarded Controllers Council Seal of Approval for Financial Operations Management

Annual global awards program to recognize organizations that have embraced modern accounting to drive transformational outcomes LOS ANGELES, March 9, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) is accepting nominations for its 2022 Modern Accounting Awards.  The company's fourth annual global awards program will recognize customers that have demonstrated how they go beyond traditional accounting processes and embrace modern accounting to drive transformational outcomes using BlackLine's market-leading solutions for financial close and accounts receivable automation, as well as intercompany financial management.

Nominations Open for 2022 Modern Accounting Awards from BlackLine

LOS ANGELES, March 01, 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 JMP Securities Technology Conference

Accounting automation software leader recognized for driving digital transformation for customers in both EMEA North and APJ; only partner in the category honored in each region LOS ANGELES, Feb. 23, 2022 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) today announced it won SAP® Partner Excellence 2022 awards for SAP Solution Extensions in Asia Pacific Japan (APJ) and for Best Cloud Performance in Europe, Middle East and Africa (EMEA) North.  Awards were presented by SAP (NYSE: SAP) to the top-performing partners in each region that have made outstanding contributions to driving digital transformation for businesses that use SAP solutions.

BLACKLINE WINS TWO 2022 SAP® PARTNER EXCELLENCE AWARDS FOR SOLUTION EXTENSIONS -- BEST CLOUD PERFORMANCE

Shares of BlackLine have continued in correction mode, now down 30% year-to-date.

BlackLine: Continue To Buy On The Way Down

Accounting automation software leader ranked first in mid-market and enterprise segments by leading software peer review site LOS ANGELES, Feb. 15, 2022 /PRNewswire/ -- Leading online software marketplace and peer review platform G2 recently announced that BlackLine, Inc. (Nasdaq: BL) took the No. 1 spot for financial close software on G2's list of the 'Best Accounting & Finance Products of 2022'.

BLACKLINE TAKES TOP SPOT FOR FINANCIAL CLOSE ON ANNUAL G2 LIST OF THE BEST SOFTWARE PRODUCTS

The financial software provider missed on Q4 earnings, and gave weak guidance for Q1.

Why BlackLine Stock Is in the Red Today

BlackLine's (BL) CEO Marc Huffman on Q4 2021 Results - Earnings Call Transcript

BlackLine (BL) delivered earnings and revenue surprises of -20% and 1.65%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

BlackLine (BL) Misses Q4 Earnings Estimates

Earnings Preview: BlackLine (BL) Q4 Earnings Expected to Decline

Industry leaders to collaborate on joint selling and go-to-market activities to bring world-class accounting automation solutions to leading companies worldwide LOS ANGELES, Feb. 2, 2022 /PRNewswire/ -- Building on its investment in the Google Cloud Platform  two years ago, BlackLine, Inc . (Nasdaq: BL) today announced it is joining forces with Google Cloud once again to bring enhanced automation solutions for finance and accounting (F&A) to organizations around the world.

BLACKLINE EXPANDS PARTNERSHIP WITH GOOGLE CLOUD TO BRING GREATER SCALABILITY AND INNOVATION TO FINANCE & ACCOUNTING ORGANIZATIONS

BlackLine is a great growth-at-a-reasonable price tech stock to invest in during a correction. The stock is down more than 40% versus all-time highs above $150.

BlackLine: A Stock To Double Down On In A Correction

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Market Rebound: 5 Stocks To Buy At The Dip

Acquisition strengthens BlackLine's intercompany accounting solutions, adding advanced tax and statutory reporting compliance capabilities to its financial operations management platform LOS ANGELES, Jan. 27, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc.  (Nasdaq: BL) announced today that it has completed the acquisition of FourQ Systems, Inc., a leader in intercompany financial management technology. With FourQ, BlackLine enhances its existing intercompany accounting automation capabilities, further strengthening its position with the Office of the Controller by driving end-to-end automation of traditionally manual intercompany accounting processes and accelerating BlackLine's larger, long-term plan for transforming and modernizing finance and accounting (F&A).

BLACKLINE ACQUIRES FOURQ, REDEFINING INTERCOMPANY FINANCIAL MANAGEMENT

Accounting automation software leader recognized for strong relationships and outstanding feature set, as rated by its customers at leading software peer reviews platform LOS ANGELES, Jan. 12, 2022 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) has taken first place in two financial close categories ('Best Relationship' and 'Best Feature Set') in the second annual 'Best of Finance Software Awards' presented by TrustRadius, a leading B2B software peer reviews platform.   TrustRadius awards provide unbiased recognition of B2B technology products based entirely on customer feedback.

TRUSTRADIUS NAMES BLACKLINE 'BEST OF' IN FINANCIAL CLOSE AUTOMATION, AGAIN

LOS ANGELES, Jan. 11, 2022 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2021 after market close on Thursday, February 10, 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/. The call can also be accessed domestically at (844) 229-7595 and internationally at (314) 888-4260, passcode 1426609.

BlackLine Announces Date for Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

Completion of multi-phase, 3rd-party assessments reaffirms compliance with latest industry standards, commitment to ensuring customer and internal data security and privacy LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- Leading the way once again in accounting and finance automation, BlackLine, Inc. (Nasdaq: BL) has achieved ISO/IEC 27018:2019 and ISO/IEC 27701:2019 certifications, demonstrating the company's enthusiastic and voluntary embrace of the most advanced internationally recognized standards for cloud security and data privacy.  BlackLine's newest certifications confirm the company adheres to the latest industry standards across its internal cloud services and also maintains and enforces robust and effective policies and procedures to ensure the security and privacy of the data managed by both its financial close and accounts receivable (AR) automation platforms.

BlackLine Achieves ISO/IEC 27018 And 27701 Data Privacy Certifications For Financial Close And Accounts Receivable Automation Platforms

LOS ANGELES, Nov. 30, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL) today announced that BlackLine's management team will participate in the following virtual investor conference:

BlackLine Announces Participation in Upcoming Virtual Investor Conference

Nucleus calculates Oracle ERP users achieve payback in under a year, generate $2.58 for every dollar invested, and cut closing times up to 90% with leading accounting automation platform LOS ANGELES, Nov. 17, 2021 /PRNewswire/ -- A recent report from Nucleus Research says Oracle ERP (enterprise resource planning) users achieve payback in less than a year (on average) and generate $2.58 for every dollar invested in BlackLine, Inc.'s (Nasdaq: BL) cloud-based platform for finance controls and automation, with interviewed users reporting increased employee productivity, decreased accounting workload and improved organizational visibility.  Nucleus went on to say that BlackLine's Oracle ERP connector complements an organization's existing tech stack by automating data formatting to consolidate and streamline financial close activities.

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