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Mar 31, 2023

BlackLine Q1 2023 Earnings Report

Announced first quarter financial results, demonstrating commitment to customer-driven success and market-leading innovation.

Key Takeaways

BlackLine announced its Q1 2023 financial results, highlighting its commitment to customer success and innovation. The company is focusing on improving overall business performance through relentless execution.

BlackLine's commitment to customer-driven success and market-leading innovation continue to support differentiated market position and long-term opportunity.

Focus on improving overall performance of the business through a relentless and maniacal focus on execution across the company.

Innovation driven by customer needs remains a foremost priority.

BlackLine's platform has the potential to deliver value to customers seeking to build world-class finance and accounting organizations.

Total Revenue
$139M
Previous year: $120M
+15.6%
EPS
$0.34
Previous year: $0.01
+3300.0%
Number of Customers
4.2K
Previous year: 3.8K
+10.5%
Gross Profit
$104M
Previous year: $89.6M
+15.8%
Cash and Equivalents
$223M
Previous year: $366M
-39.1%
Free Cash Flow
$21.2M
Previous year: -$1.35M
-1667.4%
Total Assets
$1.93B
Previous year: $1.87B
+3.3%

BlackLine

BlackLine

Forward Guidance

Guidance for non-GAAP net income attributable to BlackLine and non-GAAP net income attributable to BlackLine per share does not include the impact of the provision for (benefit from) income taxes related to acquisitions, amortization of acquired intangible assets, stock-based compensation, the amortization of debt issuance costs, the change in fair value of contingent consideration, transaction-related costs, and the adjustment to the value of the redeemable non-controlling interest to the redemption amount.