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Blackline Inc   (BL)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $65.3500 $6.64 11.310%
Day's High: $65.64 Week Perf: 14.53 %
Day's Low: $ 61.01 30 Day Perf: 7.96 %
Volume (M): 3,328 52 Wk High: $ 70.91
Volume (M$): $ 217,511 52 Wk Avg: $56.88
Open: $61.52 52 Wk Low: $47.33



 Market Capitalization (Millions $) 4,263
 Shares Outstanding (Millions) 65
 Employees 740
 Revenues (TTM) (Millions $) 589
 Net Income (TTM) (Millions $) 59
 Cash Flow (TTM) (Millions $) 70
 Capital Exp. (TTM) (Millions $) 28

Blackline Inc

We have created a comprehensive cloud-based software platform designed to transform and modernize accounting and finance operations for organizations of all types and sizes. Our secure, scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. By introducing software to automate these processes and to enable them to function continuously, we empower our customers to improve the integrity of their financial reporting, increase efficiency in their accounting and finance processes and enhance real-time visibility into their results and operations.

Critical accounting and finance processes underlie the integrity of an organization’s financial reports. The lack of effective accounting and finance tools can result in inefficient and cumbersome processes and, in some cases, accounting errors, restatements and write-offs, as well as material weaknesses and significant deficiencies. Traditional enterprise resource planning, or ERP, systems do not generally provide effective solutions for processes handled outside of an organization’s general ledger, such as balance sheet account reconciliation, intercompany transaction accounting and the broader financial close process. Many organizations also use multiple ERPs and other financial systems without a platform to efficiently integrate them. As a result, to manage these tasks, organizations rely on spreadsheets and other error-prone and labor-intensive processes that are unsuited for the increasing regulatory complexity and transaction volumes encountered by many modern businesses. We believe that we are creating a new category of powerful cloud-based software that is capable of automating and streamlining accounting and finance operations, in a manner that complements and supports traditional ERP systems. We believe our customers benefit from cost savings through improvements in process management and staff productivity, in addition to managing a faster financial close.

Our mission is to transform how accounting and finance departments operate. Our approach modernizes what historically has been done through batch processing and manual controls typically applied only during the month, quarter or year-end financial close, and delivers dynamic workflows embedded within a real-time, highly automated framework, a process we refer to as “continuous accounting.” It also enables up-to-date analytics, provides industry-benchmarked metrics and is designed to help customers run more efficiently while achieving greater accuracy, control and transparency. We believe the need for our software has been driven by growing business and information technology complexities, transaction volumes and expanding regulatory requirements. Our software integrates with, and obtains data from, more than 30 different ERP systems, including NetSuite, Oracle, SAP, and Workday, as well as many other financial systems and applications such as bank accounts, sub-ledgers and in-house databases.

We believe that we have a leading position in the enhanced financial controls and automation market because we were one of the first companies to bring software with this functionality to market and we have a limited number of competitors. The 2017 Gartner Report, “Magic Quadrant for Cloud Financial Corporate Performance Management Solutions,” or the “Gartner Report,” identified us as a Leader in the Magic Quadrant for Cloud Financial Corporate Performance Management Solutions for our completeness of vision and ability to execute.

We are a holding company and conduct our operations through our wholly-owned subsidiary, BlackLine Systems, Inc. (“BlackLine Systems”). BlackLine Systems funded its business with investments from our founder and cash flows from operations until September 3, 2013, we acquired BlackLine Systems, and Silver Lake Sumeru and Iconiq acquired a controlling interest in us, which we refer to as the “2013 Acquisition” The 2013 Acquisition was accounted for as a business combination under GAAP, and resulted in a change in accounting basis as of the date of the 2013 Acquisition.

Our platform consists of eight core cloud-based products, including Transaction Matching, Account Reconciliations, Consolidation Integrity Manager, Daily Reconciliations, Journal Entry, Variance Analysis, Task Management, and Insights. Customers typically purchase these products in packages that we refer to as solutions, but they have the option to purchase these products individually. Current solutions include Balance Sheet Integrity, Close Process Management, Accounting Process Automation, Finance Transformation, Intercompany Hub, and Smart Close.

We sell our solutions primarily through our direct sales force, which leverages our relationships with technology vendors, professional services firms and business process outsourcers. In particular, we have a strategic relationship with SAP. Our solutions are SAP endorsed business solutions that integrate with SAP’s ERP solutions.

We target our sales and marketing efforts at both enterprise and mid-market businesses. We define the enterprise market as companies with greater than $500 million in annual revenue, and we define mid-market as companies with between $50 and $500 million in annual revenue. For the year ended December 31, 2017, sales to enterprise and mid-market customers represented 84% and 16% of our revenues, respectively. Additionally, we target our efforts at both new customers and existing customers. Existing customers may renew their subscriptions and broaden the deployment of our platform across their organizations by increasing the number of users accessing our platform or by adding additional products.

Accounting is a Universal Mission-Critical Function

Organizations need reliable financial information to plan and execute business initiatives, measure operational progress and satisfy regulatory and financial obligations. For each period-end, enterprise accounting functions typically record, process, reconcile, consolidate, and report financial transactions that are consolidated into useable financial information. These activities typically support other core business functions such as payroll, treasury, procure-to-pay, and order-to-cash processes. Traditionally, many accounting processes, such as balance sheet account reconciliation, intercompany transaction accounting and the broader financial close calendar, are managed and tracked with spreadsheets that are manually reconciled on a periodic basis, and which are often labor-intensive, inefficient and error-prone. The risks of employing traditional methods include lapses in regulatory compliance, damage to brand and public image, and negative impacts on financial health and transparency.

Modern Business is Increasingly Complex

Organizations of all sizes are operating in an increasingly global, complex and fast-moving business environment that presents significant challenges to the performance of the accounting and finance functions. Accountants must process and verify transactions that occur both within and across international borders, involve multiple currencies and require compliance with varying legal, regulatory and tax frameworks. This transactional complexity is exacerbated by other factors typical of global business, such as distance, language barriers and differing time zones. In addition, modern enterprises generate massive amounts of transaction data. It is common for organizations to have thousands of different accounts—potentially comprising billions of records—and to use numerous different financial and operational systems to store that data. Furthermore, companies employ increasingly sophisticated corporate structures that often require accountants to reconcile accounts across various business units and geographies. We believe that the complexity of modern corporate structures and transactions, combined with mounting transaction volumes and a fragmented information technology landscape, creates a significant need for increased automation, efficiency and visibility in accounting and finance.

 



   Company Address: 21300 Victory Boulevard Woodland Hills, 91367 CA
   Company Phone Number: 223-9008   Stock Exchange / Ticker: NASDAQ BL
   


Customers Net Income grew by BL's Customers Net Profit Margin grew to

180.2 %

7.93 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ORCL        2.41% 
WK        0.85% 
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Blackline Inc

BlackLine Inc. Reports Impressive Growth in Revenue and EPS During Recent Fiscal Period

BlackLine Inc, a leading software and programming company, has recently announced impressive financial results for the most recent fiscal period. With double-digit increases in both revenue and profitability, it is evident that BlackLine Inc is thriving in the stock market.
In terms of revenue, BlackLine Inc saw a significant rise of 11.353% year on year, reaching an impressive $155.85 million. Additionally, their revenue increased by 3.958% quarter on quarter, showcasing strong growth and consistent performance. When compared to their peers in the software and programming sector, BlackLine Inc stands out as their top-line growth surpassed that of the majority. In the fourth quarter of 2023, while the average top-line rise for other companies in the sector was 8.64%, BlackLine Inc exceeded expectations with their outstanding performance.

Blackline Inc

Blackline Inc's Q3 2023 Sees Impressive 11.653% Revenue Surge, Showcasing Strong Growth for the Software & Programming Leader

Blackline Inc, a Software & Programming company, has recently announced its financial results for the time frame ending September 30, 2023. While the company reported positive profits of $0.19 per share compared to a loss of $-0.34 per share a year ago, there are some concerning factors to consider.
Firstly, it is important to note that the company's profit has actually plummeted by -57.78% from the previous reporting period, where it recorded a profit of $0.45 per share. This significant decrease raises questions about the company's ability to sustain its profitability in the long term.

Blackline Inc

Blackline Inc Delivers Remarkable Revenue Growth and Positive Earnings in Q2 2023



Blackline Inc, a software and programming company, has turned in strong financial results for the second quarter of 2023, beating expectations and showcasing significant improvement from previous quarters. The company's positive earnings per share (EPS) of $0.45, a considerable leap from the prior year's -$0.18, highlights its ability to generate profits and indicates a promising future. Additionally, Blackline Inc reported a 12.439% increase in revenue to $144.46 million, showing robust growth compared to the same quarter last year and sequential revenue growth of 3.939% compared to the previous quarter.
Positive Earnings:
For the second quarter of 2023, Blackline Inc has recorded impressive earnings per share of $0.45, a significant improvement over the prior year's earnings per share of -$0.18. This strong performance indicates the company's ability to generate profits and suggests it is well-positioned for future growth.

Blackline Inc

Blackline Inc Smashes Revenue Expectations with a 15.6% Surge in Q1 2023

Blackline Inc, a technology company that provides financial automation software to businesses, has reported its financial results for the first quarter of 2023. While there were some positive indicators, such as a double-digit increase in revenue, there were also areas of concern, such as a decrease in earnings per share and a negative return on investment.
Specifically, Blackline Inc saw a significant increase in its shortfall per share, from $-0.17 in the same reporting period a year earlier to $-0.20. Additionally, the company's EPS fell from $0.19 per share in the preceding reporting period. However, revenue did increase by 15.593% to $138.98 million from $120.24 million in the same period a year before. This increase was tempered slightly by a sequential decrease of -0.695% from $139.96 million.






 

Blackline Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Blackline Inc does not provide revenue guidance.

Earnings Outlook
Blackline Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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