BlackLine, Inc.

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Description

BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street. Even though the market situation for corporate software is still uncertain, BlackLine had a strong quarter. This quarter, the company surpassed its goals for revenue and non-GAAP net income and also made some important moves in the direction of strengthening and extending its market leadership and competitive advantage. BlackLine generated $145 million in total revenue in the quarter and $31 million in non-GAAP net profitability. Despite the market’s uncertainties, the middle market and the enterprise are experiencing more customer wins and competitive takeaways. At the enterprise level, BlackLine agreed to an aggressive expansion contract with a reputable software and workflow provider already partnered with one of their main rivals. In addition, they secured a number of intercompany agreements this quarter with customers such as Shift4, a leading integrated payment provider, and NOV, a worldwide energy equipment, technology, and services supplier. BlackLine also completed its largest middle market transaction ever, driven by the demand for cutting-edge solutions to challenging intracompany workflows. Last but not least, the company introduced a novel solution, Intercompany Predictive Guidance, designed to mitigate transaction failures, minimize resource utilization, and improve overall transaction efficiency across the whole lifecycle.

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
⦁ Disclosures

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