Blackline Inc Stock Price, News & Analysis

BlackLine (Nasdaq: BL) has announced a cooperation agreement with Scalar Gauge Fund to appoint Scott Davidson as a new independent member to its Board of Directors. Davidson, who will join as a Class I Director with a term expiring at the Company's 2026 Annual Meeting, brings over 25 years of experience in strategy, financial management, acquisitions, and sales & marketing in software companies.

Davidson's appointment, scheduled no later than March 14, 2025, marks the sixth new director addition since 2023. His background includes serving as Chief Operating Officer at Alteryx, where he led digital transformation, cloud transition, and M&A strategy, and as CFO and COO at Hortonworks, providing valuable SaaS expertise.

The agreement includes customary standstill provisions and voting commitments from Scalar Gauge Fund during the term of the agreement.

BlackLine (Nasdaq: BL) has announced its participation in two major upcoming investor conferences in San Francisco this March. The company will present at:

• The Citizens JMP Technology Conference on March 4, 2025, at 2:00 PM PT
• Morgan Stanley Technology, Media & Telecom Conference on March 5, 2025, at 1:50 PM PT

Both presentations will be accessible via webcasts through BlackLine's investor relations website. BlackLine positions itself as the intelligent financial data platform powering the modern Office of the CFO, serving as the central nervous system for financial data by connecting systems, automating workflows, and orchestrating financial information across enterprises.

BlackLine (Nasdaq: BL) has expanded its presence in Bengaluru, India with a new 50,000-square-foot office to support global growth, operational scalability, and customer service. Since establishing operations in Bengaluru in 2022, the company has steadily grown its teams to meet increasing demand for its intelligent financial data platform solutions.

The expanded facility includes a Network Operations Center (NOC) to enhance system monitoring and support BlackLine's global infrastructure, enabling real-time assistance to customers across different regions. The space serves as a hub for engineering, customer success, and operations teams.

According to Therese Tucker, Founder and co-CEO, "India's deep talent pool and thriving technology ecosystem make it an ideal location to drive innovation, expand our capabilities, and accelerate our global impact." Raghu Dwarakanath, Managing Director, India, added that the expansion positions BlackLine to enhance customer engagement and drive product advancements.

This expansion is part of BlackLine's broader strategy to strengthen its global presence and innovation capabilities.

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.