BlackLine completed a year of profitable expansion with strong financial results for the fourth quarter. The company had total sales of $140 million in Q4 and managed an all-around beat, including a top-line growth of 21%. Moreover, increased utilization was caused by a stronger-than-anticipated demand for professional services due to customers’ willingness to access the solutions’ embedded value. Despite some new brands and expansion opportunities, its North American business remained stable. BlackLine also noticed a significant increase in deal activity in AR automation as they refined their target customer profile while strengthening and expanding their solutions. In addition, the company signed a SolEx transaction with North America’s leading oil and chemicals producer. This alliance helped the company to achieve new customer bookings, particularly in their enterprise. Additionally, average deal sizes grew this quarter. We give BlackLine, Inc. a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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