Blackline Inc Stock Price, News & Analysis

BlackLine, Inc. (Nasdaq: BL) has announced the opening of nominations for the 2020 Modern Accounting Awards, recognizing customers who have successfully transformed accounting through BlackLine's cloud platform. Nominations are accepted until October 2, 2020, with winners to be showcased during the BeyondTheBlack™ 2020 event from November 17-19. Award categories include Unifier, Accelerator, Closer, and Transformer, each highlighting innovative approaches to modern accounting practices.

BlackLine, Inc (Nasdaq: BL) has announced its participation in two upcoming virtual investor conferences. The first is the KBCM Virtual Future of Technology Series on September 9, 2020, at 7:40 a.m. PDT. The second is the Jefferies Software Virtual Conference on September 14, 2020, at 10:30 a.m. PDT. Both presentations will be webcast live and archived on the company's investor relations website. BlackLine specializes in cloud-based financial solutions that enhance accounting processes for enterprises, boasting over 3,100 clients.

Cloud enterprise software veteran Mel Zeledon has joined BlackLine (Nasdaq: BL) as senior vice president of channels and alliances. Zeledon brings over 35 years of experience, including a recent role at Workday, where he boosted revenues by 40% year-over-year. He will focus on driving partnership initiatives globally for BlackLine, which is known for its accounting automation solutions. Zeledon aims to leverage BlackLine's partner ecosystem to enhance customer success and experience in the fast-growing market.

BlackLine, Inc. (Nasdaq: BL) has been recognized by the Los Angeles Business Journal as one of the 'Best Places to Work in Los Angeles' for 2020, being the only enterprise software provider in LA on the list. This recognition is based on employee satisfaction and company culture, with 97% of employees expressing satisfaction and understanding of the company's long-term strategy. The survey also highlighted the company's commitment to employee wellbeing, offering perks like unlimited PTO and comprehensive health benefits.

BlackLine, Inc. (Nasdaq: BL) expanded its global customer base in Q2 2020, adding several large and midsize companies across North America, EMEA, and ASIAPAC. Notable clients include Del Taco and Vistra Energy Corp in North America, with over 277,000 users globally. The company's solutions enhance accountant productivity, mitigate risk, and streamline Finance & Accounting operations, processing nearly three billion transactions in the second quarter. BlackLine is recognized as a leader in cloud financial close solutions, offering modern accounting processes to businesses worldwide.

BlackLine, Inc (Nasdaq: BL) announced the election of Marc Huffman as CEO, effective January 1, 2021. Huffman, who has served as president and COO since early 2018, will succeed Therese Tucker, the company's founder, who will remain as executive chair. Huffman's leadership is credited with driving BlackLine's growth and strategic initiatives, including partnerships with SAP and expansions in global markets. His extensive SaaS experience is expected to enhance BlackLine's growth trajectory in the financial automation sector.

BlackLine, Inc. (BL) reported Q2 2020 revenues of $83.3 million, a 20% year-over-year increase, despite a GAAP net loss of $8.3 million or $0.15 per share. Non-GAAP net income rose to $11.9 million or $0.20 per share. The company added 82 new customers, bringing the total to 3,138, with a dollar-based net revenue retention of 108%. Looking ahead, Q3 expects revenues between $84.5 million to $85.5 million and full-year 2020 revenues projected between $335.5 million and $338.5 million.

BlackLine, Inc. (Nasdaq: BL) announced participation in the Oppenheimer Virtual Technology, Internet & Communications Conference on August 11, 2020, at 11:40 a.m. PDT. The presentation will be available live and archived on their investor relations website. BlackLine provides cloud-based solutions for financial close management and accounting automation, aiding over 3,000 companies in improving their accounting processes. Recognized as a leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions, BlackLine is headquartered in Los Angeles with additional offices in London, Singapore, and Sydney.

BlackLine, Inc. (Nasdaq: BL) will announce its Q2 2020 financial results on August 6, 2020, after market close. A management conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET. Investors can access the live webcast via the company's investor relations website. A telephonic replay will be available until August 13, 2020. BlackLine specializes in modernizing accounting processes through cloud-based solutions and has over 3,000 customers globally.