BlackLine, Inc. - BL STOCK NEWS

Therese Tucker, CEO of BlackLine, has been recognized as a Top Woman Leader in SaaS by The Software Report, ranking No. 3 on the 2020 list. Tucker, who founded BlackLine in 2001 and led its transition to a 100% SaaS business model in 2007, was previously named the top woman leader in 2017. BlackLine now serves over 3,200 customers across 130 countries, providing cloud-based solutions that modernize accounting processes. The company is a pioneer in the cloud financial close market, earning acclaim on platforms like Gartner Peer Insights and G2.

BlackLine (Nasdaq: BL) has expanded its global customer base in Q3 2020, adding notable clients like Dolby Laboratories, Domino's Pizza UK & Ireland, and Nestlé Health Science. With over 280,000 users across 3,200 companies, BlackLine reported nearly three billion transactions imported in the quarter. The company positions itself as a leader in cloud financial close and accounting automation, promoting efficiency and compliance in financial operations. BlackLine continues to support enterprises transitioning from manual accounting processes to modern solutions.

BlackLine, Inc. (Nasdaq: BL) reported a robust third quarter for 2020, with total GAAP revenues reaching $90.5 million, a 21% increase year-over-year. The company narrowed its GAAP net loss to $8.6 million, or $0.15 per share. Non-GAAP net income surged to $15.1 million, or $0.25 per share. Operating cash flow improved significantly to $21.8 million. BlackLine acquired Rimilia, enhancing its capabilities in accounts receivable automation. Fourth-quarter guidance anticipates revenues between $91 million and $92 million.

BlackLine, Inc. (Nasdaq: BL) is set to announce its third-quarter financial results for the period ending September 30, 2020, after market close on October 29, 2020. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET, with a live webcast available on their investor relations website. BlackLine continues to be a leader in providing cloud-based financial solutions, helping over 3,100 customers unify data and automate accounting processes. The company is recognized in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions.

BlackLine, Inc. (Nasdaq: BL) has acquired Rimilia, an AI-powered accounts receivable automation platform, for $150 million. The acquisition enhances BlackLine's cash lifecycle automation capabilities, allowing for improved data integrity and work efficiency. Rimilia's solution optimizes cash flow management especially crucial in current economic conditions. The deal, funded with existing cash, involves a $120 million upfront payment and up to $30 million in earnouts based on performance. No immediate financial impact is expected on Q3 results, and further financial details will be discussed during the upcoming earnings call on October 29, 2020.

On September 15, 2020, BlackLine CEO Therese Tucker was named a judge for the prestigious Forbes Cloud 100 list for the fourth consecutive year. This list, created in collaboration with Bessemer Venture Partners and Salesforce Ventures, recognizes the top 100 private cloud companies globally. Tucker will also speak at the virtual awards ceremony. The evaluation criteria for the judges included estimated valuation, operating metrics, people and culture, and market leadership. BlackLine, recognized as a leader in financial close solutions, has over 3,100 customers.

BlackLine, Inc. (Nasdaq: BL) has announced the opening of nominations for the 2020 Modern Accounting Awards, recognizing customers who have successfully transformed accounting through BlackLine's cloud platform. Nominations are accepted until October 2, 2020, with winners to be showcased during the BeyondTheBlack™ 2020 event from November 17-19. Award categories include Unifier, Accelerator, Closer, and Transformer, each highlighting innovative approaches to modern accounting practices.