Financial Results - BlackLine, Inc. announced preliminary financial results for Q4 2024, ending December 31, 2024[4] Leadership Changes - Mark Woodhams, Chief Revenue Officer, will retire effective June 2, 2025, and Stuart Van Houten will join as Chief Commercial Officer on February 17, 2025[6] - Woodhams will receive $80,000 in relocation benefits in addition to severance benefits under the Company's Severance Policy[7]

Core Insights - BlackLine, Inc. reported financial results for Q4 and full year 2024, showing growth in revenues and net income compared to the previous year [1][6][30]. Financial Performance - Q4 2024 GAAP revenues reached $169.5 million, a 9% increase from Q4 2023 [6]. - Full year 2024 GAAP revenues totaled $653.3 million, an 11% increase from 2023 [6]. - Q4 2024 GAAP net income attributable to BlackLine was $56.4 million, or $0.79 per diluted share, compared to $22.1 million, or $0.32 per diluted share in Q4 2023 [6]. - Full year 2024 GAAP net income attributable to BlackLine was $161.2 million, or $1.45 per diluted share, compared to $52.8 million, or $0.81 per diluted share in 2023 [6]. Operational Highlights - BlackLine had a total of 4,443 customers and expanded its user base to 397,477 users by December 31, 2024 [6]. - The company achieved a dollar-based net revenue retention rate of 102% at the end of 2024 [6]. - BlackLine launched the Studio360 platform aimed at enhancing financial operations for the Office of the CFO [6]. Strategic Initiatives - The company is focusing on innovation to meet the evolving needs of the Office of the CFO, which is expected to unlock new market opportunities [2]. - BlackLine's strategic investments are aimed at building a solid foundation for future growth, including advancements in public sector opportunities and industry-specific strategies [2]. Financial Outlook - For Q1 2025, BlackLine expects GAAP revenues to be in the range of $166 million to $168 million, with a non-GAAP operating margin expected between 16.5% to 17.5% [12]. - For the full year 2025, total GAAP revenue is projected to be between $699 million to $705 million, with a non-GAAP operating margin expected between 21.0% to 22.0% [12].

Company Overview - BlackLine, Inc. is a platform designed for the Office of the CFO, focusing on digital finance transformation to enhance financial operations through accuracy, efficiency, and intelligence [2]. - The company serves over 4,400 customers across various industries, emphasizing a collaborative approach to ensure continuous transformation and sustained value [3]. Financial Results Announcement - BlackLine will release its financial results for the fourth quarter and full year ended December 31, 2024, after market close on February 11, 2025 [1]. - A conference call will follow the results announcement at 2:00 p.m. PT / 5:00 p.m. ET, with a live webcast available on the investor relations website [1]. Product and Service Offerings - The platform addresses critical financial processes such as record-to-report and invoice-to-cash, providing unified data, streamlined processes, and real-time insights through automation and AI [3]. - BlackLine's commitment to innovation is reflected in its significant investment in research and development, alongside robust security practices [3].

Leadership Transition - Stuart Van Houten will join BlackLine as Chief Commercial Officer on February 17, 2025, succeeding Mark Woodhams, who will retire on June 2, 2025 [1][3] - Van Houten has over 20 years of sales leadership experience, including a successful tenure at SAP where he doubled revenue in the North American Intelligent Spend Management division [2] Company Strategy and Expectations - BlackLine expects its fourth quarter and full year 2024 revenue to meet or slightly exceed the high end of its previously disclosed guidance range [1][4] - The company reaffirms its non-GAAP operating margin guidance for the fourth quarter and full year 2024, with total GAAP revenue expected to be between $167 million to $169 million for Q4 and $651 million to $653 million for the full year [7] Market Position and Future Outlook - BlackLine aims to accelerate platform innovation and expand market reach, focusing on strategic partnerships, particularly with SAP [4] - Van Houten's appointment is anticipated to drive immediate impact due to his expertise in enterprise technology partnerships and industry-specific solutions [4] - The company emphasizes the importance of flawless execution and demonstrating return on investment in the technology transformation of the Office of the CFO [4]

BlackLine (BL) shares gained 33% in the last six months, outperforming the Zacks Computer & Technology sector’s appreciation of 6% and the Zacks Internet - Software industry’s return of 13.5%.BL’s exceptional performance can be attributed to its innovative financial automation solutions, strong partnerships and a rapidly growing global client base.BL’s Earnings Estimate Trend SteadyFor the fourth quarter of 2024, BlackLine expects total GAAP revenues to be in the range of $167 million to $169 million. Non-G ...

My previous investment thought on BlackLine (NASDAQ: BL ) (published on 11th July) was a buy rating because valuation was cheap, and I expected the business to easily achieve low-teens growth. Since then, BL's share price hasI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-t ...

LOS ANGELES, Dec. 05, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ: BL), the future-ready platform for the Office of the CFO, today announced its designation as a Leader in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment (doc #US51740924, December 2024). The IDC MarketScape report highlights the growing importance of automating Accounts Receivable (AR) as a critical component of end-to-end invoice-to-cash operations, improving accuracy and d ...

A downtrend has been apparent in BlackLine (BL) lately. While the stock has lost 6.2% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock ...

LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today unveiled The BlackLine Studio360 Platform, a groundbreaking advancement in digital finance transformation that empowers finance and accounting professionals with the capabilities needed to navigate today’s dynamic business landscape. Designed to support the entire Office of the CFO, Studio360 unifies financial operations at scale, streamlining processes and delivering actionable ...

LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, has been recognized as the Most Innovative FinTech Solution by the 2024 Tech Ascension Awards. This prestigious award celebrates BlackLine’s commitment to delivering cutting-edge solutions that empower Finance and Accounting teams worldwide to achieve accurate, efficient, and intelligent financial operations. The 2024 Tech Ascension Awards evaluated companies based on their ability to ...