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BlackLine, Inc. (Nasdaq: BL) is the premier provider of enhanced financial controls and automation (EFCA) software, dedicated to modernizing the financial close process for businesses worldwide. With its unified cloud platform, BlackLine offers a wide range of solutions that streamline financial operations, ensuring balance sheet integrity and enhancing the accuracy and efficiency of accounting functions.
Recognized as a leader in EFCA and Financial Corporate Performance Management (FCPM) by Gartner, BlackLine serves over 4,400 customers globally, delivering innovative solutions that automate repetitive tasks, unify data, and provide real-time control and transparency. The company's Software as a Service (SaaS) offerings include account reconciliations, variance analysis, journal entry capabilities, and data matching, enabling customers to transition to a continuous accounting model.
Recent achievements include the introduction of the Journals Risk Analyser, an AI-powered tool that provides insights and anomaly detection for journal entries, enhancing compliance and audit efficiency. Additionally, BlackLine's Financial Reporting Analytics solution is now available as an SAP Solution Extension, further solidifying its partnerships and expanding its reach.
BlackLine continues to build on its commitment to digital finance transformation with the appointment of Sumit Johar as Chief Information Officer, bringing over two decades of enterprise cloud and automation experience to the leadership team.
Headquartered in Los Angeles, BlackLine operates in major business centers including New York, London, Paris, Frankfurt, Tokyo, and Sydney, with a mission to lead the market in modern finance solutions and drive innovation for the Office of the CFO.
BlackLine, Inc. (Nasdaq: BL) will announce second-quarter financial results for the period ended June 30, 2022, on August 4, 2022, after market close. Following the release, a conference call with management is scheduled for 2:00 p.m. PT / 5:00 p.m. ET, available via a live webcast on the investor relations website. Interested participants can pre-register for the call. More than 3,800 customers utilize BlackLine’s cloud-based financial operations management platform to enhance their accounting processes, resulting in faster and more accurate financial closes.
BlackLine, Inc. (Nasdaq: BL) announced participation in two key investor conferences in June 2022. The Baird Global Consumer Tech & Services Conference is scheduled for June 6, 2022, at 11:35am PT in New York, while the William Blair & Company 42nd Annual Growth Stock Conference will take place on June 7, 2022, at 10:00am PT in Chicago. Both presentations will be webcast live and can be accessed later via BlackLine’s investor relations website. BlackLine offers cloud-based solutions for modern accounting, serving over 3,800 customers globally.
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.
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