BlackLine, Inc. - BL STOCK NEWS

BlackLine (Nasdaq: BL) announced participation in two upcoming virtual investor conferences. The JMP Securities Technology Conference is scheduled for March 1, 2021, at 7:30 a.m. PT, while the Morgan Stanley Technology, Media and Telecom Conference will take place on March 3, 2021, at 12:30 p.m. PT. Both presentations will be accessible via live webcast on BlackLine's investor relations website. With over 3,400 customers, BlackLine is recognized for its cloud-based solutions that streamline accounting processes.

BlackLine, Inc. (Nasdaq: BL) has ranked No. 1 for Financial Close software in the Enterprise category in G2's 'Best Finance Products of 2021' list. It also achieved No. 15 on the overall list, being the only company in its category to enter the top 15, surpassing notable competitors like NetSuite and Oracle. The rankings were derived from over 241,441 customer reviews throughout 2020. This recognition highlights BlackLine's strong market presence and user satisfaction, solidifying its reputation in the financial software arena.

BlackLine, Inc. (BL) announced 2020 financial results revealing a 19% increase in Q4 revenues to $95.7 million, but a GAAP net loss of $17.0 million. For the full year, revenue rose 22% to $351.7 million, with a net loss of $46.9 million. Non-GAAP net income stood at $13.1 million for Q4 and $46.1 million for the year. The company added 207 new customers in Q4 and achieved a 106% dollar-based net revenue retention rate. Looking forward, BlackLine anticipates Q1 2021 revenue between $95.5 million and $96.5 million, and full-year revenue between $410 million and $415 million.

According to a survey by BlackLine, 70% of C-level executives and finance professionals lack confidence in their company's financial data, impacting forecasting accuracy. Conducted among 1,300 business leaders globally, the study reveals that only 29% trust the data used for analysis. The COVID-19 pandemic has increased the demand for accurate forecasts, with 42% focusing more on financial scenario planning. However, 28% express concern over F&A departments' responsiveness amid hybrid work environments. The findings highlight a significant need for digital transformation in financial operations.

BlackLine, Inc (Nasdaq: BL) has achieved recognition for its accounting automation software, winning all categories in the Best of Finance Software 2021 Awards by TrustRadius, based on customer feedback. The company excelled in Customer Support, Usability, and Feature Set. This acknowledgment highlights BlackLine's strong customer satisfaction and effective cloud platform. Over 3,200 customers rely on BlackLine for efficient financial processes, ensuring rapid and accurate financial close.

BlackLine, Inc. (Nasdaq: BL) announced it will release its financial results for Q4 and the full year ended December 31, 2020, on February 11, 2021, after market close. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET. Investors can access a live webcast on the company's investor relations website. BlackLine offers cloud-based solutions to automate and improve accounting processes, catering to over 3,200 clients, including large enterprises and midsize companies.

BlackLine has promoted Mark Woodhams to Chief Revenue Officer (CRO) as of January 1, 2021. Under his leadership, the company added over 1,000 new customers, marking a 50% increase, and tripled the number of clients spending over $1 million in annual recurring revenue since 2018. Woodhams will also oversee BlackLine K.K. in Japan and its partnership with SAP. His extensive experience in cloud financial services and a strategic focus on optimization has driven BlackLine's sales growth, particularly during the pandemic.

BlackLine, Inc (Nasdaq: BL) will participate in two upcoming virtual investor conferences. The Wells Fargo TMT Summit is scheduled for December 1, 2020, at 9:00 a.m. PT, followed by the Raymond James Technology Investors Conference on December 7, 2020, at 1:10 p.m. PT. Both presentations will be webcast live and archived on BlackLine's investor relations website. BlackLine provides cloud-based solutions that modernize accounting processes, helping over 3,200 customers achieve efficient financial close and better visibility in their operations.