BL - BlackLine Non-GAAP EPS of -$0.21 misses by $0.30 revenue of $134.27M in-line

• BlackLine press release ( NASDAQ: BL ): Q3 Non-GAAP EPS of -$0.21 misses by $0.30 .
• Revenue of $134.27M (+22.7% Y/Y) in-line.
• Added 57 net new customers in the third quarter for a total of 4,060 customers at September 30, 2022.
• Expanded the company’s user base to 354,924 at September 30, 2022.
• Achieved a dollar-based net revenue retention rate of 109% at September 30, 2022.

• Fourth Quarter 2022

  • Total GAAP revenue is expected to be in the range of $138 million to $141 million vs $142.52M consensus
  • Non-GAAP net income attributable to BlackLine is expected to be in the range of $11 million to $14 million, or $0.15 to $0.19 per share ($0.09 consensus) on 73.7 million diluted weighted average shares outstanding.

  Full Year 2022

  • Total GAAP revenue is expected to be in the range of $521 million to $524 million vs $524.93M consensus
  • Non-GAAP net income attributable to BlackLine is expected to be in the range of $32 million to $35 million, or $0.44 to $0.48 per share on 73.0 million diluted weighted average shares outstanding.

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