BlackLine, Inc. - BL STOCK NEWS

BlackLine, Inc. (BL) reported Q1 2022 financial results showing strong performance, with total GAAP revenues of $120.2 million, up 22% year-over-year. The GAAP net loss was $10 million or $0.17 per share, significantly improved from $39 million loss in Q1 2021. Non-GAAP net income dropped to $0.7 million from $7.1 million in the same quarter last year. The company added 72 new customers, bringing the total to 3,897. For Q2 2022, projected GAAP revenue is $126 million to $127 million.

BlackLine, Inc. (Nasdaq: BL) announced the global rollout of its 'Modern Accounting Playbook' (MAP) aimed at assisting mid-market customers in EMEA and APAC with efficient financial closing. Over 500 companies in North America have adopted MAP, which combines cloud technology with pre-configured templates to expedite implementations. The company also expanded its Solution Provider Partner Program to enhance customer value through new partners in EMEA and APAC. BlackLine has supported renowned organizations like Duolingo and Virgin Hotels in modernizing accounting practices.

BlackLine, Inc. (Nasdaq: BL) will release its first quarter financial results on May 5, 2022, after market close. A conference call featuring management will follow at 2:00 PM PT / 5:00 PM ET. Investors can access the live webcast on BlackLine's investor relations website. A telephonic replay will be available until May 12, 2022. BlackLine offers a cloud-based financial operations management platform that automates accounting processes, serving over 3,800 customers worldwide.

Susan Otto, chief people officer at BlackLine (Nasdaq: BL), will speak at the Wellbeing at Work Summit US 2022 on April 5-6 in Washington, D.C. She'll join industry leaders to discuss strategies for attracting and retaining talent amid evolving work patterns. Otto, with 25 years of HR experience, has overseen BlackLine's growth to over 1,500 employees, emphasizing culture and employee engagement. Under her leadership, BlackLine was recognized as one of the Best Workplaces by Inc. Magazine and received the Tech Cares Award from TrustRadius.

BlackLine (Nasdaq: BL) has received the Controllers Council Seal of Approval™ for its financial operations management solutions, according to ratings from over 90,000 finance professionals. The recognition highlights its capabilities in managing financial close, accounts receivable, and intercompany accounting. The Seal of Approval program evaluates services used in finance and accounting via applications and anonymous surveys, ensuring credibility. BlackLine's platform is essential for optimizing accounting processes, enabling organizations to enhance efficiency and accuracy in financial reporting.

BlackLine, Inc (Nasdaq: BL) has opened nominations for the 2022 Modern Accounting Awards, recognizing organizations that utilize modern accounting practices to achieve transformational outcomes. This year's ceremony will feature seven categories, including 'The Unifier' and 'The Transformer'. Nominations are accepted until May 31, with winners to be announced at the BeyondTheBlack™ user conference in Las Vegas from November 8-10. Companies like Dentsu International and Domino's have been previous winners.

BlackLine, Inc. (Nasdaq: BL) will participate in the JMP Securities Technology Conference on March 8, 2022, at 10:30 PST. The presentation will be accessible via BlackLine's investor relations website. BlackLine specializes in modernizing accounting processes through its cloud-based financial operations management platform. With over 3,800 customers, it aims to enhance financial close efficiency and accuracy, and is recognized as a leader in the cloud financial close market.

BlackLine (Nasdaq: BL) has been recognized as the top provider of financial close software on G2's 'Best Accounting & Finance Products of 2022' list. The company excelled in both mid-market and enterprise segments, achieving first place based on customer reviews reflecting 'Market Presence' and 'Satisfaction'. Currently, BlackLine boasts over 630 reviews, highlighting its automation capabilities and transparency. This accolade follows its recent recognition in the 'Best of Finance Software Awards'. BlackLine continues to lead in cloud financial operations management, serving 3,800+ customers worldwide.