Blackline Inc Stock Price, News & Analysis

BlackLine, Inc. (Nasdaq: BL) announced it will report its financial results for Q4 and the full year ended December 31, 2021, after market close on February 10, 2022. This will be followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET, accessible via a live webcast on BlackLine's investor relations website. BlackLine's cloud-based solutions streamline accounting processes for over 3,700 customers, marking its leadership in the cloud financial close market.

BlackLine has achieved ISO/IEC 27018:2019 and ISO/IEC 27701:2019 certifications, highlighting its commitment to data security and privacy in cloud services. This accomplishment underscores the company's adherence to advanced international standards for information security management. BlackLine's platforms for financial close and accounts receivable automation are now recognized for their effective data management policies. With over 3,700 customers, BlackLine continues to lead in providing secure cloud-based financial solutions amidst an evolving digital landscape.

BlackLine (Nasdaq: BL) announced its participation in the Raymond James 2021 Technology Investors Conference on December 6, 2021, at 7:30 a.m. PT. The event will be webcast live and archived on BlackLine's investor relations website. BlackLine provides cloud-based solutions aimed at modernizing accounting by automating repetitive tasks and enhancing financial processes. Trusted by over 3,700 customers, the company is recognized as a leader in the financial close market, with offices in major cities worldwide.

BlackLine, Inc. (Nasdaq: BL) expands its partnership with Microsoft by joining the Business Application ISV Connect Program. This collaboration aims to enhance finance and accounting automation for Microsoft Dynamics 365 customers. BlackLine's unified platform will support financial controls and automation, facilitating joint selling alongside Microsoft’s teams. The integration of BlackLine with Dynamics 365 is expected to boost market traction as businesses transition to the cloud. The announcement was made during BlackLine's annual user conference, BeyondTheBlack, attended by over 17,000 participants.

BlackLine, Inc. (Nasdaq: BL) has released findings from a global survey indicating that only 14% of CFOs feel confident in their finance function's skills to support growth over the next five years. Conducted by Censuswide, the survey highlighted that 35% of C-suite executives believe Finance and Accounting is lagging in digital transformation. The survey, involving 1,150 global leaders, emphasizes a critical skills gap affecting finance teams, with 31% of CFOs noting insufficient technology experience within their departments. Future growth will depend on bridging these skill deficiencies.

BlackLine, Inc. (Nasdaq: BL) reported strong financial results for Q3 2021, with total GAAP revenues of $109.4 million, marking a 21% increase year-over-year. However, the company experienced a GAAP net loss of $13.7 million or $0.23 per share. Non-GAAP net income was $15.1 million, slightly up from $15.0 million in Q3 2020. Operating cash flow stood at $17.1 million, while free cash flow fell to $9.8 million. The company added 106 net new customers, bringing the total to 3,704. For Q4 2021, revenue is projected between $113.0 million and $114.0 million.

BlackLine, Inc. (Nasdaq: BL) has launched its next-generation accounts receivable (AR) automation suite, the first unified platform for cash flow optimization. This innovative solution utilizes AI to enhance cash collection and financial operations, targeting a $10 billion+ market for AR automation. In 2021, over $170 billion in payments were processed through BlackLine’s solutions. Company executives emphasize the importance of investing in automation for greater business resilience, especially post-pandemic. Clients report significant improvements in cash application speed and efficiency, with time reductions of over 50%.

On October 26, 2021, BlackLine (Nasdaq: BL) announced the winners of its 2021 Modern Accounting Awards, recognizing organizations that have successfully adopted modern accounting practices. Award recipients include Dentsu International for data unification, FWD Insurance for automating processes, and Flowers Bakeries for enhancing month-end closings. The awards highlight the transformative impact of BlackLine's cloud solutions on financial processes. Winners will be celebrated at the BeyondTheBlack 2021 conference, showcasing their advancements in finance and accounting automation.