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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Research highlights C-suite and Finance and Accounting expectations and concerns around the adoption of Generative AI and other emerging technologies LOS ANGELES and LONDON and SYDNEY and SINGAPORE , Dec. 6, 2023 /PRNewswire/ -- C-suite and finance and accounting (F&A) leaders around the world believe the modern business has to embrace new technologies like AI to streamline their financial operations, though many admit they may lack the requisite talent to execute on it, according to a survey commissioned by digital finance transformation leader BlackLine, Inc. (Nasdaq: BL). An overwhelming majority of respondents said that cloud computing (80%), generative AI (78%), and new kinds of AI (76%) are essential for improving business resiliency in the face of future disruption.

Business Leaders Ready to Embrace AI and Other Emerging Technologies to Enhance Financial Operations, But Challenges Remain - BlackLine Survey Reveals

An industry first, BlackLine Intercompany now addresses both trade and non-trade transactions, maximizing tax defensibility and increasing regulatory compliance  LOS ANGELES , Nov. 29, 2023 /PRNewswire/ -- Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) continues to solve complex intercompany accounting challenges, delivering new trade management capabilities for enterprise and midsize customers. Intercompany is one of the most complex areas of finance, with audit and tax advisory firm Grant Thornton estimating intercompany transfers at 30 to 40 percent of the global economy or $40 to $60 trillion annually.

BlackLine Sets New Standard with Addition of Trade Management Capabilities to its Intercompany Financial Management Solutions

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BlackLine (BL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BL crossed above the 200-day moving average, suggesting a long-term bullish trend.

BlackLine (BL) Crossed Above the 200-Day Moving Average: What That Means for Investors

BlackLine, Inc. (NASDAQ:BL ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Matt Humphries – Vice President-Investor Relations Owen Ryan – Co-Chief Executive Officer and Chairman Therese Tucker – Founder and Co-Chief Executive Officer Mark Partin – Chief Financial Officer Conference Call Participants Rob Oliver – Baird Alex Sklar – Raymond James Chris Quintero – Morgan Stanley Pat Walravens – JMP Securities Koji Ikeda – Bank of America William McNamara – BTIG Kyle Aberasturi – BMO Capital Markets Operator Good day and thank you for standing by. Welcome to the BlackLine Conference Call.

BlackLine, Inc. (BL) Q3 2023 Earnings Call Transcript

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U.S. equities markets have faced a lot of volatility in the past few months. Both the S&P 500 and Nasdaq have declined consecutively amid sticky inflation and ongoing geopolitical issues in both Ukraine and the Middle East.

3 Stocks That Just Have No Hope Left: November 2023 Edition

LOS ANGELES, Oct. 19, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the third quarter ended September 30, 2023 after market close on Thursday, November 2, 2023 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 dial-in details will be provided. 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 2023 Earnings Release and Conference Call

BlackLine (BL) revolutionizes finance and accounting with Microsoft Teams integration and enhances D365 Connector, boosting global efficiency and productivity.

BlackLine (BL) Strengthens Portfolio With Microsoft Teams Integration

Newly added Microsoft Teams integration and enhanced Microsoft Dynamics 365 Connector deliver increased automation, control, and visibility LOS ANGELES , Oct. 16, 2023 /PRNewswire/ -- Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) has added Microsoft Teams integration and introduced new capabilities to its Microsoft Dynamics 365 (D365) Connector, delivering new, innovative functionality that helps customers streamline and optimize key finance and accounting processes and close the books even faster. These new capabilities enable greater efficiency and productivity for global businesses of all sizes.

BlackLine Expands Connectivity and Unification with Microsoft Ecosystem for a Faster and More Efficient Financial Close and Consolidation

Company's integrated Invoice-to-Cash solution, unveiled at BeyondTheBlack™ 2023, automates end-to-end accounts receivable processes to unleash working capital LOS ANGELES , Oct. 10, 2023 /PRNewswire/ -- Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) has unveiled an expansion to its accounts receivable (AR) automation solutions portfolio, introducing e-Invoice Presentment and Payment (EIPP) capabilities. The addition of EIPP comes as a result of the company's acquisition of partner Data Interconnect, a pioneering provider of electronic invoicing software and global compliant invoicing based in the UK.

BlackLine Expands Accounts Receivable Automation Solutions with e-Invoice Presentment and Payment (EIPP)

Former LogMeIn CEO brings extensive cloud, technology, and marketing expertise to help guide digital finance transformation leader LOS ANGELES , Oct. 2, 2023 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that William 'Bill' Wagner has joined the digital finance transformation leader's board of directors, effective Oct. 2 nd, 2023. A cloud, technology, and marketing industry veteran, Wagner will draw on his more than 20 years of experience building dynamic SaaS companies into market category leaders to support BlackLine's growth trajectory, help extend its market leadership, and elevate its position within the Office of the CFO.

William 'Bill' Wagner Joins BlackLine Board of Directors

Cloud software industry veteran to continue to nurture and evolve customer-first organization built on innovation, agility, and inclusion LOS ANGELES , Sept. 26, 2023 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that human resources leader and cloud software industry veteran Mary Ainsworth has joined the accounting automation software leader as chief people officer, effective Sept.

BlackLine Names Human Resources Leader Mary Ainsworth as Chief People Officer

BlackLine, a cloud finance software company, has begun the rollout of its artificial intelligence (AI)-enabled intercompany accounting capabilities.  This new solution, known as Intercompany Predictive Guidance, aims to prevent transaction failures, reduce resource consumption and enhance efficiency throughout the entire transaction lifecycle, the company said in a Tuesday (Sept.

BlackLine Launches AI-Enabled Intercompany Accounting Tool

Intercompany Predictive Guidance significantly reduces transaction failure rates, eliminates costly rework, and expedites processing across the transaction lifecycle LOS ANGELES , Sept. 12, 2023 /PRNewswire/ -- Leading the industry in innovation once again, digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) has announced the first AI-enabled intercompany accounting capabilities.

BlackLine Announces Industry's First AI-Enabled Intercompany Accounting Capabilities

Industry-leading customers, Deloitte, EY, and SAP to share insights on top-of-mind digital finance transformation topics, including the use of AI in Finance and Accounting LOS ANGELES , Sept. 11, 2023 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) is hosting its annual conference, BeyondTheBlack™, in San Diego next week, uniting a global community of thousands of finance and accounting (F&A) leaders to inspire, power, and guide digital finance transformation.

BlackLine BeyondTheBlack™ 2023 to Feature James Hardie, Nodaway Valley Bank, Red Wing Shoes,and Starbucks Among 35+ Customers Speaking

Leading organizations from around the world recognized for embracing modern accounting to drive transformational outcomes LOS ANGELES , Aug. 30, 2023 /PRNewswire/ -- Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) has announced the winners of its 2023 Modern Accounting Awards. This is the fifth annual global awards program by the company, celebrating customers that have revolutionized their traditional accounting methods to adopt modern accounting practices.

BlackLine Honors 2023 Modern Accounting Award Winners: CVS Health, Barentz, Kimberly-Clark, Premier Trailer Leasing, Nippon Express Holdings, and Boeing

Digital finance transformation leader also named 'Company of the Year' at the San Fernando Valley Business Journal's 2023 Diversity, Equity + Inclusion Awards LOS ANGELES , Aug. 17, 2023 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) won a 2023 'Tech Cares' award from TrustRadius, a leading B2B software peer review platform. This is the fourth consecutive year BlackLine has been selected for the award, which celebrates companies that have gone above and beyond to provide impactful corporate social responsibility (CSR) programs for their employees and surrounding communities.

BlackLine Wins 'Tech Cares' Award for Impactful Corporate Social Responsibility Programs

Since its inclusion in the first-ever Cloud 100, BlackLine has gone public, expanded into adjacent markets, and continues to help companies around the world embrace modern accounting LOS ANGELES , Aug. 10, 2023 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) Founder and Co-CEO Therese Tucker was invited to serve as a judge for the prestigious 2023 Forbes Cloud 100 list. Tucker joined a distinguished judging panel including the CEOs of market leaders Box, Datadog, Smartsheet, Twilio, UiPath, and Zuora.

BlackLine Founder and Co-CEO Therese Tucker Named a Judge for 2023 Forbes Cloud 100

BlackLine, Inc. (NASDAQ:BL ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Corporate Participants Matt Humphries - Vice President of Investor Relations Therese Tucker - Founder and Co-Chief Executive Officer Owen Ryan - Chairman and Co-Chief Executive Officer Mark Partin - Chief Financial Officer Conference Call Participants Rob Oliver - Baird Alex Sklar - Raymond James Steve Enders - Citi Pinjalim Bora - JPMorgan Koji Ikeda - Bank of America Matt VanVliet - BTIG Andrew DeGasperi - Berenberg Matt Stotler - William Blair Chris Quintero - Morgan Stanley Adam Hotchkiss - Goldman Sachs Kyle Aberasturi - BMO Capital Markets Operator Good day and thank you for standing by. Welcome to the Q2 2023 BlackLine Earnings Conference Call.

BlackLine, Inc. (BL) Q2 2023 Earnings Call Transcript

BlackLine (BL) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of $0.28. This compares to earnings of $0.07 per share a year ago.

BlackLine (BL) Reports Q2 Loss, Tops Revenue Estimates

BlackLine's key growth drivers include its partnership with SAP, the new Accounting Studio product, and expansion opportunities in Asia-Pacific. BL's current valuations are below historical averages and what its key peers are trading at now. I raise my rating for BlackLine to a Buy, taking into account both the company's growth potential and the stock's valuation metrics.

BlackLine: Multiple Growth Drivers (Rating Upgrade)

Midsize companies can now 'Go Live in 5' on the industry's leading financial close management platform LOS ANGELES , Aug. 2, 2023 /PRNewswire/ -- Breaking industry barriers again, accounting automation software leader BlackLine, Inc. (Nasdaq: BL) announced a five-day implementation for midsize companies. With BlackLine 5-Day Fast Track, new customers can 'Go live in 5' and be up and running on BlackLine's market-leading financial close management platform in time for their next month-end close.

BlackLine Delivers Industry's First Five-Day Fast Track Implementation

LOS ANGELES, July 25, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2023 after market close on Tuesday, August 8, 2023 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 dial in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

BlackLine Announces Date for Second Quarter 2023 Earnings Release and Conference Call

Jill Knesek recognized for her contributions delivering trusted and secure accounting automation software solutions to thousands of customers worldwide LOS ANGELES , July 20, 2023 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) Chief Information Security Officer (CISO) Jill Knesek has been named one of the Top 100 CISOs in North America by CISOs Connect™, an invitation-only community for enterprise security executives. Knesek was recognized for implementing cutting-edge information security protocols, demonstrating visionary leadership, and fostering a robust culture of cyber security awareness throughout the company.

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