BlackLine, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 13, 2024 at 04:05 pm
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BlackLine, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 155.73 million compared to USD 139.96 million a year ago. Net income was USD 22.07 million compared to USD 11.3 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.18 a year ago.
For the full year, revenue was USD 590 million compared to USD 522.94 million a year ago. Net income was USD 52.83 million compared to net loss of USD 29.39 million a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to basic loss per share from continuing operations of USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to diluted loss per share from continuing operations of USD 0.49 a year ago.
BlackLine, Inc. is a holding company that conducts business through its subsidiary, BlackLine Systems, Inc. The Company provides financial accounting close solutions delivered primarily as Software as a Service (SaaS). The Companyâs solutions enable its customers to address various aspects of their critical processes, including financial close, intercompany accounting, invoice-to-cash, and consolidation. The Companyâs cloud-based solutions include Account Reconciliations, Transaction Matching, Task Management, Journal Entry, Variance Analysis, Consolidation Integrity Manager, Compliance, BlackLine Cash Application, Credit & Risk Management, Collections Management, Disputes & Deductions, Team & Task Management, AR Intelligence, Intercompany Create Functionality, Intercompany Processing, and Netting and Settlement. These solutions are offered to customers as scalable solutions that support critical record-to-report and invoice-to-cash processes.
BLACKLINE, INC. 
