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Jun 30, 2020

BlackLine Q2 2020 Earnings Report

BlackLine's Q2 results exceeded expectations as demand improved and companies prioritized mission-critical initiatives.

Key Takeaways

BlackLine announced better than expected Q2 results as the demand environment improved in the quarter. BlackLine's solutions are helping customers navigate the challenges of managing traditionally manual processes in a virtual world.

Posted better than expected Q2 results.

Demand environment improved in the quarter.

Companies once again began to prioritize mission critical initiatives.

Solutions are helping customers navigate the challenges of managing traditionally manual processes in a virtual world.

Total Revenue
$83.3M
Previous year: $69.7M
+19.5%
EPS
$0.2
Previous year: $0.1
+100.0%
Gross Profit
$66.5M
Previous year: $54.7M
+21.6%
Cash and Equivalents
$472M
Previous year: $63.3M
+645.6%
Free Cash Flow
$8.55M
Previous year: $7.73M
+10.5%
Total Assets
$1.03B
Previous year: $524M
+97.4%

BlackLine

BlackLine

Forward Guidance

Guidance for non-GAAP net income attributable to BlackLine and net income attributable to BlackLine per share does not include the impact of certain items. 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.