BlackLine, Inc. - BL STOCK NEWS

BlackLine, Inc. (Nasdaq: BL) announced that Owen Ryan has been elected as board chair effective January 1, 2023, after serving as the lead outside director since May 2022. Ryan succeeds Therese Tucker, who remains on the board after her role as executive chair. Additionally, Bruny Rios and Amit Yoran have joined the board, bringing strong industry experience in accounting and cybersecurity. The changes aim to bolster BlackLine's growth strategy and enhance its commitment to innovation and compliance in financial operations.

On November 17, 2022, BlackLine (Nasdaq: BL) was recognized in the inaugural 'Best Software' list by TrustRadius, leading in the categories of 'Best Overall', 'Best for Enterprise', and 'Best for Mid-sized' businesses. This recognition is based on unbiased customer feedback, highlighting BlackLine's user-friendliness and excellent support. The company has over 4,000 customers, providing solutions for modern accounting processes.

A recent global survey conducted by BlackLine reveals that 62% of C-suite executives and finance professionals believe real-time understanding of cash flow is essential amid ongoing economic uncertainty. However, only 2% express complete confidence in their organization’s cash flow visibility. Conducted with 1,483 leaders across several countries, the survey highlights concerns over rising interest rates and declining customer spending, leading to increased scrutiny of financial data. These insights suggest that many businesses may face challenges in making informed decisions, potentially impacting their financial resilience.

BlackLine, Inc. (Nasdaq: BL) announced the launch of several innovative solutions aimed at transforming finance and accounting operations. Key offerings include the BlackLine Accounting Studio, which unifies existing solutions into a single platform, enhancing visibility and control. The Financial Reporting Analytics tool streamlines financial statement analysis, while the Modern Accounting Playbook for Cash Application helps businesses improve accounts receivable processes. Additionally, a new connector for Microsoft Dynamics 365 ensures data accuracy and integrity across systems, set for availability in Q2 2023.

BlackLine, Inc. (Nasdaq: BL) reported third-quarter 2022 financial results with total GAAP revenues of $134.3 million, a 23% increase from Q3 2021. The company experienced a GAAP net loss of $20.0 million ($0.34 per share) but achieved a non-GAAP net income of $15.1 million ($0.21 per share). Operating cash flow rose 42% to $24.2 million, and free cash flow increased 69% to $16.6 million. The company added 57 new customers, reaching a total of 4,060 customers by the end of September 2022.

BlackLine, Inc. (Nasdaq: BL) is set to host its Investor Day on November 8, 2022, in Las Vegas, NV, from 1:00 to 5:00 p.m. PT, during its annual customer conference, BeyondTheBlack. A live webcast will be available on BlackLine’s investor relations website. The company offers a cloud-based financial operations management platform that automates accounting processes for over 4,000 customers globally, recognized as a leader in the field.

BlackLine, Inc. (Nasdaq: BL) recently announced the winners of its 2022 Modern Accounting Awards, celebrating customers who have transformed their accounting processes through automation and modernization. Companies recognized include Takeda, Light & Wonder, Chobani, McKesson, Finning, and Starbucks, each showing excellence in various categories such as automation and financial close efficiency. BlackLine's awards program received a record number of submissions, emphasizing the importance of modern accounting in driving strategic value. Winners will be honored at the BeyondTheBlack™ 2022 conference in Las Vegas.

BlackLine, Inc. (Nasdaq: BL) will host its 15th annual global conference, BeyondTheBlack 2022, in Las Vegas from November 7-9. This event will feature over 100 sessions and speakers from more than 40 clients, including Deloitte and EY, showcasing digital finance transformation best practices. Attendees will learn how companies modernize financial processes using BlackLine's solutions. The conference aims to empower Finance and Accounting leaders to enhance their operations and serve as strategic advisors. It will also highlight the 2022 Modern Accounting Awards and provide numerous educational opportunities.

BlackLine (Nasdaq: BL) is set to release its financial results for Q3 on November 3, 2022, after market close. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET. BlackLine's cloud-based platform helps companies streamline their accounting processes, catering to over 4,000 clients globally. Recognized as a leader in cloud financial close solutions, BlackLine enhances efficiency in financial operations, enabling businesses to achieve accurate results quickly.