Blackline Announces Third Quarter Financial Results

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Go back to Blackline Announces Third Quarter Financial Results

Blackline Inc. (BL) Tops Q3 EPS by 14c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus

October 29, 2020 5:28 PM EDT

Blackline Inc. (NASDAQ: BL) reported Q3 EPS of $0.25, $0.14 better than the analyst estimate of $0.11. Revenue for the quarter came in at $90.53 million versus the consensus estimate of $85.06 million.

Third Quarter 2020 Financial Highlights

Total GAAP revenues of $90.5 million for the third quarter of 2020, an increase of 21% compared to the third quarter of 2019. GAAP net loss attributable to BlackLine of $8.6 million, or $0.15 per share, on 57.1 million weighted average shares outstanding, which compares to a GAAP net loss attributable to BlackLine of $9.2 million in the third quarter of 2019.Non-GAAP net income... More