•
Mar 31, 2020

BlackLine Q1 2020 Earnings Report

Announced strong first quarter results despite COVID-19 impact, focusing on customer dedication and employee safety.

Key Takeaways

BlackLine announced strong first quarter results despite the impact of COVID-19 starting in March. The company established COVID-19 customer relief programs and remains focused on long-term market opportunities across modern accounting and digital transformation.

Delivered strong first quarter results despite COVID-19 impact.

Established COVID-19 customer relief programs.

Focused on the safety of employees.

Remains at the center of massive, long-term market opportunities.

Total Revenue
$82.6M
Previous year: $64.1M
+28.8%
EPS
$0.1
Previous year: $0.02
+400.0%
Gross Profit
$66.5M
Previous year: $50.5M
+31.7%
Cash and Equivalents
$311M
Previous year: $49.7M
+526.0%
Free Cash Flow
$7.37M
Previous year: $1.92M
+283.0%
Total Assets
$1.01B
Previous year: $505M
+100.3%

BlackLine

BlackLine

Forward Guidance

BlackLine provided guidance for the second quarter and full year 2020, but reconciliations of non-GAAP net income attributable to BlackLine and net income attributable to BlackLine per share guidance to the most directly comparable U.S. GAAP measures are not available on a forward-looking basis without unreasonable efforts.