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Sep 30, 2020

BlackLine Q3 2020 Earnings Report

BlackLine delivered strong results, driven by the increasing importance of finance transformation and the acquisition of Rimilia, expanding customer capabilities and addressable market.

Key Takeaways

BlackLine announced strong third quarter results, driven by the increasing demand for finance transformation and the recent acquisition of Rimilia. The company believes there is a large, untapped opportunity to help companies struggling with manual accounting processes.

BlackLine delivered strong third quarter results as the demand environment continued to steadily improve.

Momentum is validation that finance transformation is mission critical and climbing to the top of the CFO’s priority list.

BlackLine has expanded its core customer capabilities and total addressable market with the recent acquisition of Rimilia.

There is a very large, untapped opportunity to help companies struggling with manual and unsustainable accounting processes.

Total Revenue
$90.5M
Previous year: $74.9M
+20.8%
EPS
$0.25
Previous year: $0.12
+108.3%
Number of Customers
3.2K
Gross Profit
$73.5M
Previous year: $59.6M
+23.3%
Cash and Equivalents
$408M
Previous year: $528M
-22.7%
Free Cash Flow
$21.5M
Previous year: $8.38M
+156.5%
Total Assets
$1.05B
Previous year: $976M
+7.3%

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 which are not available on a forward-looking basis without unreasonable efforts.