NASDAQ$BL

BlackLine Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$139M

Previous: $120M+15.6%
EPS (adj)

$0.34

Previous: $0.01+3300.0%
Number of customers

4.2K

Previous: 3.8K+10.5%
Capital Expenditures

-$1.68M

Previous: -$1.53M-9.7%
Free Cash Flow

-$13.7M

Previous: -$11.5M-18.6%
Net Income

-$12M

Previous: -$10M-19.9%
Operating Income

-$15.3M

Previous: -$25.4M+39.6%
Gross Profit

$104M

Previous: $89.6M+15.8%
Cash & Equivalents

$223M

Previous: $366M-39.1%
Total Assets

$1.93B

Previous: $1.87B+3.3%
Stock-Based Comp

$20.4M

Previous: $15.9M+28.5%

Revenue & EPS history

BlackLine · Revenue · Quarterly

$139M

Q1 2023+15.6%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.4%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+1.7%

Avg return

30 days after

49%

20 / 41 earnings

Positive

+25.6%

Q2 2019

Best reaction

-18.4%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-11.7%-15.0%-11.4%
Q4 2025-5.5%-12.9%-16.8%
Q3 2025-5.7%-1.3%+2.1%
Q1 2025+8.5%+17.7%+22.9%
Q4 2024-18.1%-19.0%-21.3%
Q3 2024+3.0%+4.3%+9.6%
Q2 2024+12.8%+18.1%+10.5%
Q1 2024-2.0%-4.1%-22.4%
Q4 2023-3.7%-5.3%+9.3%
Q3 2023+14.8%+12.7%+24.8%
Q2 2023-10.0%-4.2%+3.9%
Q1 2023+4.0%+3.4%+6.8%
Q4 2022+1.3%-1.8%-9.4%
Q3 2022+12.3%+7.3%+30.7%
Q2 2022+0.5%-2.3%-1.9%
Q1 2022-10.2%-20.8%+11.7%
Q4 2021-16.7%-14.1%-26.9%
Q3 2021+1.8%+3.4%-18.6%
Q2 2021-0.5%-2.7%+2.3%
Q1 2021+0.0%-1.2%-5.5%
Q4 2020-9.8%-13.0%-23.7%
Q3 2020+6.0%+9.7%+30.6%
Q2 2020-14.6%-21.8%-12.2%
Q1 2020+0.3%+2.6%+24.9%
Q4 2019+4.9%+7.2%-16.3%
Q3 2019+5.3%+5.1%+9.9%
Q2 2019+25.6%+19.4%+14.2%
Q1 2019-3.6%-7.3%-0.4%
Q4 2018+6.3%+5.9%-1.9%
Q3 2018-8.3%-11.3%-7.6%
Q2 2018+8.8%+13.3%+21.9%
Q1 2018-2.8%-3.6%+1.5%
Q4 2017+16.5%+21.6%+20.6%
Q3 2017-2.7%-1.8%+2.5%
Q2 2016-2.1%-2.3%+6.9%
Q2 2017-18.4%-18.6%-17.7%
Q1 2016-1.4%-1.0%+4.2%
Q1 2017+2.6%-2.6%+9.0%
Q4 2016+3.2%-1.6%-0.5%
Q4 2015-2.8%-2.8%+3.6%
Q3 2016-5.3%-5.0%-2.4%
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014

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