Blackline Inc Stock Price, News & Analysis

BlackLine, Inc. (Nasdaq: BL) announced a private placement of $1 billion in convertible senior notes due 2026, with an option for purchasers to buy an additional $150 million. The notes will be senior unsecured obligations, accruing interest semiannually and convertible into cash, shares, or a mix. Proceeds will fund capped call transactions, repurchase of $250 million of existing notes, and general corporate purposes. The offering is not registered under the Securities Act and is not an offer to sell securities.

BlackLine (Nasdaq: BL) has appointed Lisa Schreiber as the new chief customer officer, overseeing key customer-facing teams to enhance service and retention. With over 20 years in enterprise software, including roles at Forcepoint and Oracle, Schreiber aims to leverage her experience to improve customer success. CEO Marc Huffman highlighted BlackLine's commitment to customer satisfaction, indicated by high retention rates and positive feedback from users on platforms like Gartner Peer Insights. Schreiber succeeds Karen Flathers, who previously advanced the customer success organization.

BlackLine, Inc. (Nasdaq: BL) announced a virtual Investor Day scheduled for March 9, 2021, starting at 9:00 AM PT/12:00 PM ET. Interested participants are encouraged to register in advance for the event, which will be live-streamed and available for replay on the company’s investor relations website for 12 months. BlackLine specializes in modern accounting, offering cloud-based solutions that streamline financial processes for over 3,400 clients, thereby enhancing speed and accuracy in financial closing and reporting.

Marc Huffman, CEO of BlackLine (Nasdaq: BL), will speak at SaaStock Remote on February 22, 2021. He will discuss leadership during disruptive times, focusing on customer and employee care. Since joining BlackLine in 2018 and becoming CEO on January 1, 2021, Huffman has navigated the challenges posed by remote work and the pandemic. He brings experience from his previous role at NetSuite, where he contributed to its growth from $3 million to $1 billion in revenue. BlackLine provides cloud-based solutions for modern accounting across various industries.

BlackLine (Nasdaq: BL) announced participation in two upcoming virtual investor conferences. The JMP Securities Technology Conference is scheduled for March 1, 2021, at 7:30 a.m. PT, while the Morgan Stanley Technology, Media and Telecom Conference will take place on March 3, 2021, at 12:30 p.m. PT. Both presentations will be accessible via live webcast on BlackLine's investor relations website. With over 3,400 customers, BlackLine is recognized for its cloud-based solutions that streamline accounting processes.

BlackLine, Inc. (Nasdaq: BL) has ranked No. 1 for Financial Close software in the Enterprise category in G2's 'Best Finance Products of 2021' list. It also achieved No. 15 on the overall list, being the only company in its category to enter the top 15, surpassing notable competitors like NetSuite and Oracle. The rankings were derived from over 241,441 customer reviews throughout 2020. This recognition highlights BlackLine's strong market presence and user satisfaction, solidifying its reputation in the financial software arena.

BlackLine, Inc. (BL) announced 2020 financial results revealing a 19% increase in Q4 revenues to $95.7 million, but a GAAP net loss of $17.0 million. For the full year, revenue rose 22% to $351.7 million, with a net loss of $46.9 million. Non-GAAP net income stood at $13.1 million for Q4 and $46.1 million for the year. The company added 207 new customers in Q4 and achieved a 106% dollar-based net revenue retention rate. Looking forward, BlackLine anticipates Q1 2021 revenue between $95.5 million and $96.5 million, and full-year revenue between $410 million and $415 million.

According to a survey by BlackLine, 70% of C-level executives and finance professionals lack confidence in their company's financial data, impacting forecasting accuracy. Conducted among 1,300 business leaders globally, the study reveals that only 29% trust the data used for analysis. The COVID-19 pandemic has increased the demand for accurate forecasts, with 42% focusing more on financial scenario planning. However, 28% express concern over F&A departments' responsiveness amid hybrid work environments. The findings highlight a significant need for digital transformation in financial operations.

BlackLine, Inc (Nasdaq: BL) has achieved recognition for its accounting automation software, winning all categories in the Best of Finance Software 2021 Awards by TrustRadius, based on customer feedback. The company excelled in Customer Support, Usability, and Feature Set. This acknowledgment highlights BlackLine's strong customer satisfaction and effective cloud platform. Over 3,200 customers rely on BlackLine for efficient financial processes, ensuring rapid and accurate financial close.