$2.3 B

BL Mkt cap, 11-Oct-2018

$106.7 M

BlackLine Revenue Q2, 2018
BlackLine Gross profit (Q2, 2018)83.3 M
BlackLine Gross profit margin (Q2, 2018), %78%
BlackLine Net income (Q2, 2018)-15.6 M
BlackLine EBIT (Q2, 2018)-16.4 M
BlackLine Cash, 30-Jun-201828.7 M

BlackLine Revenue

BlackLine revenue was $123.12 m in FY, 2016 which is a 47.3% year over year increase from the previous period.

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BlackLine Revenue Breakdown

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BlackLine revenue breakdown by geographic segment: 16.4% from International and 83.6% from United States

BlackLine Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

51.7m83.6m123.1m

Revenue growth, %

62%47%

Cost of goods sold

16.6m22.7m30.2m

Gross profit

35.1m60.9m92.9m

Gross profit Margin, %

68%73%75%

Sales and marketing expense

31.8m56.5m77.8m

R&D expense

9.7m18.2m21.1m

General and administrative expense

11.7m20.9m27.9m

Operating expense total

53.3m95.7m126.8m

EBIT

(18.2m)(34.8m)(33.9m)

EBIT margin, %

(35%)(42%)(28%)

Interest expense

3.0m3.2m5.9m

Pre tax profit

(24.9m)(38.4m)(45.7m)

Income tax expense

(8.2m)(13.7m)(6.6m)

Net Income

(16.8m)(24.7m)(39.2m)

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

32.2m38.6m42.3m45.9m51.3m106.7m

Cost of goods sold

7.5m9.2m10.4m10.9m11.6m23.5m

Gross profit

24.7m29.4m31.9m35.0m39.7m83.3m

Gross profit Margin, %

77%76%75%76%77%78%

Sales and marketing expense

19.0m23.5m25.1m33.4m29.2m61.4m

R&D expense

5.1m5.9m6.0m5.9m6.9m14.7m

General and administrative expense

7.7m8.3m8.6m8.9m11.1m23.5m

Operating expense total

31.8m37.7m39.8m48.2m47.2m99.7m

EBIT

(7.2m)(8.3m)(7.9m)(13.2m)(7.6m)(16.4m)

EBIT margin, %

(22%)(21%)(19%)(29%)(15%)(15%)

Interest expense

1.3m4.0k3.0k6.0k4.0k4.0k

Interest income

224.0k244.0k281.0k389.0k896.0k

Pre tax profit

(8.5m)(9.1m)(10.1m)(12.9m)(7.2m)(15.5m)

Income tax expense

(1.8m)(65.0k)13.0k162.0k(20.0k)113.0k

Net Income

(6.6m)(9.0m)(10.1m)(13.1m)(7.2m)(15.6m)

BlackLine Balance Sheet

Annual

USDFY, 2015FY, 2016

Cash

15.2m22.1m

Accounts Receivable

24.2m42.3m

Prepaid Expenses

2.8m6.6m

Current Assets

48.5m163.8m

PP&E

12.4m11.3m

Goodwill

163.2m185.1m

Total Assets

286.8m420.4m

Accounts Payable

4.6m7.2m

Current Liabilities

74.4m108.5m

Total Liabilities

120.6m129.0m

Common Stock

407.0k513.0k

Additional Paid-in Capital

214.2m378.3m

Retained Earnings

(48.2m)(87.3m)

Total Equity

166.2m291.4m

Financial Leverage

1.7 x1.4 x

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

19.6m23.4m23.5m24.6m30.9m28.7m

Accounts Receivable

36.8m43.9m43.5m45.2m57.0m61.1m

Prepaid Expenses

4.5m7.8m6.9m6.8m

Current Assets

68.0m162.5m167.5m172.7m186.7m192.5m

PP&E

11.9m11.3m11.0m12.1m13.3m13.8m

Goodwill

185.1m185.1m185.1m185.1m185.1m185.1m

Total Assets

331.2m416.2m418.0m422.1m458.5m464.4m

Accounts Payable

8.5m4.3m5.1m2.9m6.6m2.5m

Current Liabilities

97.7m110.3m112.0m117.5m131.5m141.2m

Total Liabilities

178.7m131.9m121.2m126.3m141.0m150.4m

Common Stock

413.0k513.0k525.0k528.0k535.0k539.0k

Additional Paid-in Capital

223.8m380.3m402.9m414.9m427.1m432.1m

Retained Earnings

(71.7m)(96.4m)(106.5m)(119.6m)(109.9m)(118.4m)

Total Equity

152.5m284.3m296.8m295.8m317.6m314.1m

Financial Leverage

2.2 x1.5 x1.4 x1.4 x1.4 x1.5 x

BlackLine Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

(16.8m)(24.7m)(39.2m)

Depreciation and Amortization

13.5m14.7m17.4m

Accounts Receivable

(6.8m)(6.2m)(15.5m)

Accounts Payable

810.0k1.1m3.5m

Cash From Operating Activities

8.9m1.0m(4.8m)

Purchases of PP&E

(1.4m)(10.1m)(1.7m)

Cash From Investing Activities

(2.9m)(12.4m)(119.7m)

Long-term Borrowings

(532.0k)(60.7m)

Cash From Financing Activities

4.8m859.0k131.4m

Net Change in Cash

10.9m(10.5m)6.9m

Interest Paid

506.0k634.0k8.6m

Income Taxes Paid

10.0k6.0k176.0k

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(6.6m)(9.0m)(19.1m)(32.2m)(7.2m)(15.6m)

Depreciation and Amortization

12.7m4.8m9.7m14.8m5.4m10.9m

Accounts Receivable

36.8m(1.6m)(1.2m)(3.5m)5.1m652.0k

Accounts Payable

8.5m(3.3m)(2.5m)(4.2m)(929.0k)(4.9m)

Cash From Operating Activities

1.0m(1.7m)167.0k3.7m1.8m6.5m

Purchases of PP&E

(1.3m)(488.0k)(1.1m)(3.7m)(1.6m)(3.7m)

Cash From Investing Activities

(35.1m)3.6m(3.9m)(9.2m)(5.0m)(11.3m)

Long-term Borrowings

(1.2m)(549.0k)(549.0k)(549.0k)

Cash From Financing Activities

38.5m(594.0k)5.1m8.0m3.0m2.4m

Net Change in Cash

4.4m1.3m1.4m2.5m

Interest Paid

924.0k

Income Taxes Paid

176.0k

BlackLine Ratios

USDY, 2018

Financial Leverage

1.5 x
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BlackLine Operating Metrics

BlackLine's Users was reported to be 186 k in Q3, 2017. BlackLine's Customers was reported to be 2 k in Q3, 2017.
FY, 2014FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017

Users

93.67 k128.73 k166 k170 k178 k186 k

Customers

987 1.34 k1.70 k1.80 k1.90 k2 k

Countries

130 130 130 130 130

Retention Rate

118%120%116%
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