Welcome to our dedicated page for Blackline news (Ticker: BL), a resource for investors and traders seeking the latest updates and insights on Blackline stock.
BlackLine Inc (Nasdaq: BL), a leader in financial automation software, provides this centralized hub for investors and professionals tracking its cloud-based solutions. Access authoritative updates on earnings reports, product innovations, and strategic partnerships that shape modern accounting practices.
Our curated collection features press releases covering financial close management advancements, ERP system integrations, and SaaS platform developments. Stay informed about BL's initiatives in intercompany accounting automation and real-time financial controls through verified announcements.
Key updates on BlackLine's collaborations with industry leaders like SAP and Snowflake appear alongside regulatory filings and market-moving developments. This resource serves financial professionals seeking to monitor technological innovations in balance sheet management and continuous accounting models.
Bookmark this page for streamlined access to BlackLine's official communications, including quarterly performance updates and governance enhancements. Check regularly for new developments in financial process automation and digital transformation strategies.
On February 22, 2023, BlackLine (Nasdaq: BL) announced an expanded alliance with Kofax to enhance its accounts receivable (AR) automation solutions with electronic invoicing capabilities from Kofax's Tungsten Network. This partnership aims to optimize the invoice-to-cash process for customers, providing features like electronic invoicing to streamline payments and ensure compliance with international guidelines. The integration will enhance operational efficiency and compliance for midmarket and enterprise organizations amid evolving electronic invoicing regulations. BlackLine serves over 4,100 clients globally, bolstering its position in the financial operations management market.
BlackLine, Inc. (Nasdaq: BL) reported robust financial results for Q4 and the full year of 2022. Q4 GAAP revenues reached $140.0 million, up 21% year-over-year, with a net income of $11.3 million or $0.18 per diluted share. For the full year, total GAAP revenues were $522.9 million, a 23% increase. However, BlackLine recorded a net loss of $29.4 million, equivalent to $0.49 per share. Noteworthy metrics include a customer base of 4,188 and a dollar-based net revenue retention rate of 107%. The company forecasts Q1 2023 GAAP revenue between $137 million and $139 million.
BlackLine, Inc. (Nasdaq: BL) has opened nominations for the 2023 Modern Accounting Awards, recognizing customers who leverage modern accounting practices to achieve transformative outcomes. This is the fifth annual program, and winners will be celebrated at the BeyondTheBlack conference in San Diego from Sept. 11-13. Categories include The Accelerator, The Capitalizer, The Closer, The Modernizer, The Pioneer, The Transformer, and The Unifier. Nominations are accepted until March 17. BlackLine's cloud-based solutions aim to automate and unify financial processes, helping over 4,000 customers improve their accounting efficiency.
BlackLine, Inc. (Nasdaq: BL) announced its plan to release financial results for Q4 and full year 2022 on February 14, 2023, after market close. Following the release, a conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET. Investors can access the live webcast via BlackLine's investor relations website. The company is known for its innovative cloud-based financial operations management platform, which aids companies in modernizing accounting processes. BlackLine serves over 4,000 clients globally, helping them achieve faster and more accurate financial closes.
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.
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