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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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, July 29, 2021 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) CEO Marc Huffman has been invited to serve as a judge for the 2021 Forbes Cloud 100 list, to be divulged at a virtual ceremony on Tuesday, Aug. 10 th. The annual Cloud 100 is the "definitive list of the top 100 private cloud companies in the world" published by  Forbes in collaboration with  Bessemer Venture Partners and  Salesforce Ventures.

BlackLine Ceo Marc Huffman Named a Judge for 2021 Forbes Cloud 100

Annual global awards program to recognize organizations that have embraced modern accounting to drive transformational outcomes LOS ANGELES, July 27, 2021 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) is accepting nominations for its 2021 Modern Accounting Awards.  The company's third 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, intercompany accounting and accounts receivable automation.

Nominations Open for 2021 Modern Accounting Awards from Blackline

Accounting automation software maker BlackLine said Tuesday (July 20) it is working with Kyriba, which provides cloud-based finance and IT solutions, to streamline digitization for chief financial officers and improve finance and treasury department collaboration. The two companies said in a news release that the partnership will let mutual customers accelerate bank connectivity, increase cash […]

BlackLine, Kybria, Partner To Accelerate Bank Connectivity

Joint solution accelerates bank connectivity, enabling greater financial close and accounts receivable process automation for customers LOS ANGELES and SAN DIEGO, July 20, 2021 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (NASDAQ: BL) and Kyriba , a global leader of cloud-based finance and IT solutions, today announced that they are joining forces to streamline the digitalization of the Office of the CFO and improve collaboration between Finance and Treasury departments.  The partnership offers enhanced capabilities for mutual customers through their integrated solutions to accelerate bank connectivity, increasing cash visibility and enabling greater automation within the financial close and accounts receivable processes.

BlackLine and Kyriba Partner to Streamline Digitalization of the Office of the CFO

Accounting automation software provider ranked number 20; recognized for being a global industry leader with impressive customer and partner rosters LOS ANGELES, July 15, 2021 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) has been named a Top 100 Software Company for 2021 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 took the No.

BlackLine Named to The Software Report's 2021 Top 100 Software Companies List

LOS ANGELES, July 08, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2021 after market close on Thursday, August 5, 2021 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 2985087.

BlackLine Announces Date for Second Quarter 2021 Earnings Release and Conference Call

Digital Turbine

Zoom Video

The cloud-based service market, which includes IaaS and SaaS, has been growing in importance since the coronavirus outbreak, which is helping companies like CDW Corporation (CDW), Zoom Video Communications, Inc.'s (ZM) and BlackLine, Inc. (BL)

Digital Transformation Giving Cloud Business a Boost: 4 Picks

BlackLine offers cloud-based solutions for SAP® software that enable fast time-to-value for businesses moving to SAP S/4HANA® Cloud LOS ANGELES, June 16, 2021 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that its market-leading cloud solutions for financial close complement the RISE with SAP offering, building on the company's success providing accounting automation solutions to hundreds of businesses using SAP® (NYSE: SAP) technology, including SAP S/4HANA® Cloud.  The BlackLine solutions, offered as SAP Solution Extensions, align with the value proposition of RISE with SAP to help customers accelerate their digital transformations to become intelligent enterprises.

Accounting Automation Solutions By BlackLine Complement New Rise With SAP® Offering

LOS ANGELES, June 2, 2021 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) announced today that it is expanding its global partner program to scale the business, drive sustained growth and customer success through a world-class partner ecosystem, and further penetrate the combined $28B opportunity in the financial close and accounts receivable automation markets. BlackLine has expanded its partner program across multiple areas:  geographical presence, market segments coverage, consulting services capacity, marketing and sales presence, training, and customer success and growth.

BlackLine Transforms Global Partner Program

Shares of BlackLine remain ~35% below peaks despite incredibly strong fundamental performance.

BlackLine: The Recovery Is Coming

LOS ANGELES, May 25, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL) today announced that BlackLine's management team will participate in the following virtual investor conferences:

BlackLine Announces Participation in Upcoming Virtual Investor Conferences

Accounting automation software leader recognized as a winner alongside Accenture, Capgemini, Deloitte, EY and Microsoft, one of only 21 SAP partners selected for awards from more than 20,000 SAP partners globally LOS ANGELES, May 13, 2021 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that it received the 2021 SAP® Pinnacle Partner of the Year Award in the Solution Extensions category, recognizing its outstanding contributions as an SAP partner.  SAP (NYSE: SAP) presents these awards annually to those partners that have excelled in developing and growing their partnership with SAP while helping customers run better.

BlackLine Receives 2021 SAP® Pinnacle Award For Partner of the Year In The Solution Extensions Category

Completion of multi-phase, 3rd-party assessment reaffirms compliance with cloud security standards, commitment to ensuring customer and internal data security and privacy LOS ANGELES, May 10, 2021 /PRNewswire/ -- Leading the way once again in cloud financial close automation, BlackLine, Inc. (Nasdaq: BL) has achieved ISO/IEC 27017:2015 certification, demonstrating the company's compliance with the internationally recognized standard for cloud security.  The certification confirms the company adheres to the latest information security 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 its flagship cloud platform.

BlackLine Achieves ISO/IEC 27017 Cloud Security Certification

BlackLine (NASDAQ:BL) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 1 0 0 1 Somewhat Bullish 0 0 0 3 Indifferent 0 1 0 0 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 8 analysts offering 12-month price targets in the last 3 months for BlackLine evaluate the company at an average price target of $150.12 with a high of $163.00 and a low of $120.00.

Where BlackLine Stands With Analysts

BlackLine, Inc. (BL) CEO Marc Huffman on Q1 2021 Results - Earnings Call Transcript

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.

Earnings Preview: BlackLine (BL) Q1 Earnings Expected to Decline

Only if it can perform like one of the best tech companies around.

Is BlackLine a Buy?

Named one of Fortune's 2020 'Most Powerful Women in Business', Whye brings extensive experience fostering inclusion and diversity in tech to guide the accounting automation software leader  LOS ANGELES, April 19, 2021 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that Barbara Whye has joined its board of directors effective April 15, 2021.  Whye is the fourth female director on BlackLine's board.

Globally Recognized Inclusion And Diversity Executive Barbara Whye Joins BlackLine Board of Directors

LOS ANGELES, April 06, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the first quarter ended March 31, 2021 after market close on Thursday, May 6, 2021 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 2598905.

BlackLine Announces Date for First Quarter 2021 Earnings Release and Conference Call

Accounting software provider BlackLine, Inc. has debuted its BlackLine AR Intelligence offering, which lets clients control financial risks and opportunities through access to live and actionable data, according to a Thursday (April 1) announcement. Over $187 billion in payments were applied via its BlackLine Cash Application last year, and clients can receive business insights by […]

BlackLine Introduces Accounts Receivable Insights Product

BlackLine AR Intelligence optimizes working capital by boosting payment predictabilityand improving collections forecasting LOS ANGELES and LONDON, April 1, 2021 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has unveiled BlackLine AR Intelligence, the latest offering in its portfolio of accounts receivable (AR) automation solutions designed to complement and enhance its broader financial operations management platform.  BlackLine AR Intelligence enables customers to manage financial risks and opportunities by providing access to real-time, actionable data to help them understand their customers' financial behaviors and use the information to impact strategic and operational decision-making.

New Accounts Receivable Intelligence Solution From BlackLine Enhances Strategic And Operational Decision-Making For Global Businesses

BlackLine recently reported strong Q4 results with revenue growing 19%, well above expectations, in addition to operating margins showing strength. Initial 2021 revenue guidance appears a little conservative at face value, though provides the company an easy bar for beat and raise quarters.

BlackLine: Recent Pullback And Bullish Analyst Day Provides Great Buying Opportunity

LOS ANGELES and LONDON, March 10, 2021 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) today announced it is the recipient of an SAP® EMEA North Award for Partner Excellence 2021 for Solution Extensions – Growth.  Awards were presented by SAP (NYSE: SAP) to the top-performing partners in the region that have made outstanding contributions to driving customers' digital transformations.

BlackLine Receives SAP® EMEA North Partner Excellence Award 2021 For Solution Extensions - Growth

LOS ANGELES, March 09, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), a global leader in cloud-based accounting and finance software, today announced that it intends to offer, subject to market conditions and other factors, $1 billion aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). BlackLine also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $150 million aggregate principal amount of the notes.

BlackLine, Inc. Announces Proposed Private Offering of $1 Billion of Convertible Senior Notes

Palantir Technologies

In an environment where rapid quarter-after-quarter growth is the new expectation, and any sort of regression can cause a well-inflated stock to deflate in a hurry, investors are often provided with a nice buying opportunity off of these market overreactions.

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