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BlackLine(BL) - 2022 Q3 - Quarterly Report
2022-11-04 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0 ...
BlackLine(BL) - 2022 Q3 - Earnings Call Transcript
2022-11-04 03:04
BlackLine, Inc. (NASDAQ:BL) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Matt Humphries - Vice President, Investor Relations Marc Huffman - Chief Executive Officer Mark Partin - Chief Financial Officer Conference Call Participants Alex Sklar - Raymond James Pinjalim Bora - JPMorgan Chase Mauro Molina - Piper Sandler Fred Lee - Credit Suisse Adam Hotchkiss - Goldman Sachs Operator Good day and thank you for standing by. Welcome to the Q3 2022 BlackLine Earnings Conference ...
BlackLine(BL) - 2022 Q2 - Quarterly Report
2022-08-05 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share BL NASDAQ Global Select Market For the quarterly period ended June 30, 2022 OR ☐ TR ...
BlackLine(BL) - 2022 Q2 - Earnings Call Transcript
2022-08-05 01:06
Blackline, Inc.. (NASDAQ:BL) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Matt Humphries - VP, IR Marc Huffman - CEO & Director Mark Partin - CFO & Treasurer Conference Call Participants Brent Bracelin - Piper Sandler & Co. Matthew Stotler - William Blair & Company Robert Oliver - Robert W. Baird & Co. Pinjalim Bora - JPMorgan Chase & Co. Andrew DeGasperi - Berenberg Matthew VanVliet - BTIG Alexander Sklar - Raymond James & Associates Operator Good day, and thank you for s ...
BlackLine(BL) - 2022 Q1 - Quarterly Report
2022-05-10 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-3 ...
BlackLine(BL) - 2022 Q1 - Earnings Call Transcript
2022-05-06 03:20
BlackLine, Inc. (NASDAQ:BL) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Barry Hutton - Managing Director, Investor Relations, The Blueshirt Group Marc Huffman - Chief Executive Officer Mark Partin - Chief Financial Officer Conference Call Participants Koji Ikeda - Bank of America Pinjalim Bora - JPMorgan Rob Oliver - Baird Matt Stotler - William Blair Ali Yaseen - Berenberg Matt VanVliet - BTIG Mauro Molina - Piper Sandler Operator Ladies and gentlemen, thank you for standin ...
BlackLine(BL) - 2021 Q4 - Annual Report
2022-02-25 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-K ______________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37924 ______________________________________ BlackLine ...
BlackLine(BL) - 2021 Q4 - Earnings Call Transcript
2022-02-11 01:47
BlackLine, Inc. (NASDAQ:BL) Q4 2021 Earnings Conference Call February 10, 2022 5:00 PM ET Company Participants Barry Hutton – Managing Director, Investor Relations-The Blueshirt Group Marc Huffman – Chief Executive Officer Mark Partin – Chief Financial Officer Conference Call Participants Matt Stotler – William Blair Matt VanVliet – BTIG Joe Myers – Truist Alex Sklar – Raymond James Mauro Molina – Piper Sandler Pinjalim Bora – J.P. Morgan Shrenik Kothari – Baird Operator Ladies and gentlemen, thank you for ...
BlackLine(BL) - 2021 Q3 - Quarterly Report
2021-11-05 20:48
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0 ...
BlackLine(BL) - 2021 Q3 - Earnings Call Transcript
2021-11-05 02:40
Financial Data and Key Metrics Changes - Total revenue grew 21% year-over-year, led by subscription and support revenue, which increased by 23% [28][30] - Non-GAAP net income attributable to BlackLine was $15.1 million, with operating cash flow of $17.1 million and free cash flow of $9.8 million [31] - Non-GAAP gross margins remained at 80%, despite increased costs associated with Google Cloud migration and the Rimilia acquisition [31] Business Line Data and Key Metrics Changes - The net dollar retention rate improved to 108%, indicating strong account growth as customers expanded their use of BlackLine products [8][30] - Strategic products represented 15% of sales for the quarter, with over 30% growth year-over-year [30] - The company added 106 net new customers in the quarter, bringing the total to 3,704 customers [29] Market Data and Key Metrics Changes - International revenue grew 41% in Q3, now accounting for 28% of total revenue, up from 25% in the prior year [17] - The company experienced strong growth in both the European and Asia Pacific regions, with a healthy mix of new logos and expansions [17][24] Company Strategy and Development Direction - The company is focused on increasing customer engagement, innovating its platform, and expanding its international presence as key growth levers [20][24] - Investments are being made to enhance customer success and drive digital transformation in finance and accounting processes [20][26] - The company aims to be the most indispensable platform for controllers, with plans to introduce new products in financial close and accounts receivable automation [23] Management's Comments on Operating Environment and Future Outlook - Management noted a resurgence in market demand over five consecutive quarters, exceeding pre-pandemic levels [6][32] - The company believes it is in the early stages of a long-term growth opportunity fueled by digital transformation [19][35] - Management expressed confidence in the ability to capitalize on favorable market conditions and maintain focus on customer success [35] Other Important Information - The company will host the BeyondTheBlack event from November 16th to 18th, featuring over 50 hours of content focused on digital finance transformation [83] - The five-year anniversary of BlackLine's IPO was acknowledged, highlighting the company's achievements [27] Q&A Session Summary Question: What drove the record number of new large deals this quarter? - Management indicated that widespread demand and strong execution contributed to the increase in large deals, with a notable wave of investment flowing into accounting departments [38] Question: What is driving the net revenue retention rate? - The increase in net revenue retention rate is attributed to record user expansion and investments in customer success and account management [40] Question: Can you discuss the traction of the AR portfolio and the Rimilia acquisition? - Initial traction has been strong, with the combination of AR and BlackLine being competitive in the market [42][44] Question: How is the international performance trending? - International growth is widespread, with demand patterns similar to those seen in North America, indicating significant opportunities for future growth [71] Question: What are the top priorities for the sales organization moving into 2022? - Key priorities include investing in customer success, platform innovation, and expanding international growth [80]