BlackLine, Inc. - BL STOCK NEWS

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.

BlackLine (Nasdaq: BL) has introduced its Customer Attractiveness Scoring feature, part of its AR Intelligence solution. This tool provides real-time insights into customer credit worthiness by assessing payment behaviors. With rising concerns about inflation and economic uncertainty, the capability helps organizations identify customers at risk of payment delays and those with minimal credit risk. The feature includes aggregated customer benchmarking, user-configurable internal credit scores, and 'What If' analysis capabilities. This innovative scoring is available at no extra cost to existing AR Intelligence users.

BlackLine, Inc. (Nasdaq: BL) has been awarded the 2022 Tech Cares Award from TrustRadius for the third consecutive year, recognizing its commitment to corporate social responsibility (CSR).

This award highlights the company's efforts in promoting diversity, equity, and inclusion (DEI) among employees, supporting remote work, and engaging in community service. BlackLine's CSR initiatives include charitable donations, volunteerism, and sustainability efforts that significantly impact employees and communities.

BlackLine, Inc (Nasdaq: BL) has launched innovative 'tax hyperautomation' capabilities aimed at enhancing intercompany financial management for global corporations. This new technology facilitates compliance with complex tax regulations, automates intercompany tax workflows, and minimizes risks associated with financial reporting. Key features include automatic invoicing compliant with jurisdiction-specific tax laws, predefined transaction flows, and standards-based APIs for interoperability. This initiative addresses increasing scrutiny and demands for real-time tax reporting from authorities, promoting efficiency and transparency in financial operations.

BlackLine, Inc. (Nasdaq: BL) announced participation in the Piper Sandler Growth Frontiers Conference on September 13, 2022, with a presentation scheduled for 12:00 PM PDT. The session will be webstreamed on their investor relations website. BlackLine specializes in cloud-based financial operations management, offering solutions that enhance financial processes for over 4,000 customers globally. Recognized as a leader in the cloud financial close market, the company aims to automate accounting tasks, helping organizations achieve faster and more accurate financial reporting.

BlackLine, Inc. (NASDAQ: BL) CEO Marc Huffman has been appointed as a judge for the 2022 Forbes Cloud 100 list, the definitive ranking of the top 100 private cloud companies globally. BlackLine was first included in this prestigious list in 2016, shortly before its public debut on Nasdaq. The evaluation process involves four key factors: market leadership, estimated valuation, operating metrics, and company culture. Under Huffman's leadership, BlackLine aims to penetrate the $28 billion market for financial close and related processes, enhancing its position as a leader in cloud financial software.

BlackLine, Inc. (BL) announced robust Q2 2022 results with total GAAP revenues of $128.5 million, a 26% increase year-over-year. Despite a GAAP net loss of $10.7 million ($0.18 per share), the company achieved a non-GAAP net income of $5.0 million ($0.07 per share). Operating cash flow was $5.9 million, down from $12.4 million in Q2 2021. The firm added 106 new customers, totaling 4,003 customers and reported a dollar-based net revenue retention rate of 110%. Guidance for Q3 2022 projects revenues between $133 million to $135 million.