NASDAQ$BL

BlackLine Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$90.2M

Previous: $74.9M+20.3%
EPS (adj)

$0.25

Previous: $0.12+108.3%
Number of customers

3.2K

No prior period
Dollar-based net revenue retention rate

0.0%

No prior period
Capital Expenditures

-$2.52M

Previous: -$3.46M+27.3%
Free Cash Flow

-$11.3M

Previous: -$12.7M+11.3%
Net Income

-$8.75M

Previous: -$9.24M+5.3%
Operating Income

-$2.04M

Previous: -$7.86M+74.1%
Gross Profit

$73.2M

Previous: $59.6M+22.7%
Cash & Equivalents

$408M

Previous: $528M-22.7%
Total Assets

$1.05B

Previous: $976M+7.3%
Stock-Based Comp

$13.3M

Previous: $10.1M+31.4%

Revenue & EPS history

BlackLine · Revenue · Quarterly

$90.2M

Q3 2020+20.3%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

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.

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 Q3 2020

Historical avgQ3 2020

-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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