Blackline Inc Stock Price, News & Analysis

BlackLine (BL) reported its Q4 and full year 2024 financial results, showing continued growth and operational expansion. Q4 total GAAP revenues reached $169.5 million, up 9% year-over-year, while full-year revenues grew 11% to $653.3 million.

The company's Q4 GAAP net income was $56.4 million ($0.79 per diluted share), compared to $22.1 million in Q4 2023. Full-year GAAP net income reached $161.2 million ($1.45 per diluted share). BlackLine expanded its customer base to 4,443 with 397,477 users and achieved a dollar-based net revenue retention rate of 102%.

For 2025, BlackLine projects total GAAP revenue between $699-705 million, with non-GAAP operating margin expected at 21.0-22.0%.

BlackLine (Nasdaq: BL) has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 11, 2025. The announcement will be followed by a conference call with management at 2:00 p.m. PT / 5:00 p.m. ET. Investors can access the live webcast and replay through BlackLine's investor relations website. Pre-registration is required for phone participation, and participants are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays.

BlackLine (BL) has appointed Stuart Van Houten as Chief Commercial Officer, effective February 17, 2025. He will lead the company's global sales organization and revenue operations, succeeding retiring Chief Revenue Officer Mark Woodhams. Van Houten brings over 20 years of sales leadership experience, notably from SAP where he doubled revenue as Chief Revenue Officer of North American Intelligent Spend Management division.

The company expects Q4 and full-year 2024 revenue to meet or exceed the high end of guidance: Q4 revenue of $167-169 million with non-GAAP operating margin of 18.0-19.0%, and full-year revenue of $651.0-653.0 million with operating margin of 19.4-19.6%. These figures are preliminary and subject to final review.

BlackLine (NASDAQ: BL) has been named a Leader in the 2024 IDC MarketScape for Worldwide Accounts Receivable Automation Applications for the Enterprise. The recognition highlights BlackLine's comprehensive platform and customer-centric innovation in automating Accounts Receivable processes.

The IDC MarketScape report emphasizes BlackLine's unified and scalable platform, which offers seamlessly integrated invoice-to-cash modules, enabling real-time data sharing and enhanced collaboration. The platform's capabilities include process acceleration, elimination of duplicate work, and removal of silos between teams.

According to Kevin Permenter, IDC's senior research director, BlackLine demonstrates a deep understanding of CFO office challenges and shows commitment to innovation. The report recommends BlackLine for organizations seeking a unified platform supporting end-to-end AR processes with simple configurability and self-serviced functionality.

BlackLine (Nasdaq: BL) has announced its participation in the upcoming Wells Fargo 8th Annual TMT Summit. The company's management team will deliver a presentation on Tuesday, December 3, 2024, at 10:15 AM PT in Los Angeles, California. Interested parties can access the webcast through BlackLine's investor relations website at investors.blackline.com.

BlackLine (Nasdaq: BL) has launched Studio360 Platform, a comprehensive financial operations solution for the Office of the CFO. The platform consists of five key components: Integrate, Orchestrate, Visualize, Blueprint, and Control, designed to unify financial operations at scale and deliver real-time insights. Through a strategic partnership with Snowflake, Studio360 offers enhanced data capabilities, including improved scalability, security, and speed. The ERP-agnostic platform features AI-powered insights, process automation, and comprehensive data management tools to streamline financial operations and enable informed decision-making.

BlackLine (Nasdaq: BL) has been awarded the Most Innovative FinTech Solution at the 2024 Tech Ascension Awards, recognizing its excellence in delivering cutting-edge solutions for Finance and Accounting teams. The company's commitment to digital finance transformation was highlighted through innovations like the Journals Risk Analyser, launched in early 2024, which leverages generative AI for detecting anomalies in journal entries.

The recognition comes as BlackLine prepares for its annual North American user conference, BeyondTheBlack, in Orlando, FL. The award validates BlackLine's strategic focus on developing flexible, scalable solutions that enable CFOs to adapt to changing business landscapes while maintaining efficient financial operations.

BlackLine (Nasdaq: BL) has appointed Philippe Omer Decugis as Senior Vice President and General Manager for Europe. With over 20 years of experience in technology and financial services, including positions at Salesforce and SAP, Philippe will lead BlackLine's European operations. His role will focus on accelerating growth, fostering innovation, and enhancing customer success throughout the region. The appointment aligns with BlackLine's global expansion strategy, where Philippe will oversee strategic initiatives, strengthen partner relationships, and drive the adoption of BlackLine's solutions in Europe.

BlackLine (Nasdaq: BL) has announced it will host its Investor Day on November 19th, 2024, in Orlando, FL at 1:00pm ET. The event will include presentations from senior executives covering company strategy, innovation, and financial updates. The event will be accessible via live webcast and replay through BlackLine's investor relations website.