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Blackline software which expedites financial quarterly and end of year closings save companies time and money and is more efficient.
6% . It’s quite costly. And why keeping so much cash and debt on their balance sheet. They should reduce both by half or 2/3
BL seems better at managing other compagnies’ receivables than its own balance sheet.
With a different financial structure the income statement could look far better.
No news. What's going on?
Actuals came in at $4.5M Call this a $2M miss (out of a revenue stream of $115M.)
In the conference call yesterday they mentioned extra costs due to: integration efforts with Alphabet's cloud, staffing difficulties in the midst of 'the great resignation' and foreign expansion.
Using a car analogy, I'd say BL ran into a pothole, nothing broke under the hood.
Analysts at Oppenheimer following BlackLine's earnings report raised their price target on BlackLine from $140 to $160 per share, while many other research firms also raised their price target on the company. The market may simply be taking a breather after the company saw its stock price grow nicely in January.
https://finance.yahoo.com/m/7f1ecb70-0bcf-3329-b598-8cfe9b8f29da/why-shares-of-blackline-are.html
http://globenewswire.com/news-release/2019/02/14/1725828/0/en/BlackLine-Announces-Fourth-Quarter-and-Full-Year-Financial-Results.html
As revenues grow, so does the negative operationnal income. And the increase in RD expenses is bad excuse.
Blackline does not seem to understand the concept of economies of scale.
Investors do seem to have noticed this basic problem with Blackline. And so does the sp.
Have been with BL for 4 years. My patience is running out. A few quarters left before I look elsewhere.
The management has to give a credible explanation.