Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>BlackLine reported a strong start to the year with a total revenue of $157 million, exceeding both revenue and profitability forecasts.</li><li>The non-GAAP operating margin stood at 17%, and non-GAAP net income was $40 million.</li><li>These results underscore a period of stabilizing demand and a reasonably successful adaptation to a newly implemented operating model.</li></ul>

BlackLine reported a strong start to the year with a total revenue of $157 million, exceeding both revenue and profitability forecasts.The non-GAAP operating margin stood at 17%, and non-GAAP net income was $40 million.These results underscore a period of stabilizing demand and a reasonably successful adaptation to a newly implemented operating model.

BlackLine Inc.: Streamlined Pricing Strategy Implementation & 5 Elements Driving Our Bullish Outlook! - Financial Forecasts

<ul><li>BlackLine have reported on their Fourth Quarter 2023 Earnings and the company exceeded revenue and profitability expectations for the period.</li><li>The firm generated $156 million in total revenue and $52 million in non-GAAP net income, ending the year with $603 million in annual recurring revenue or ARR. Much of this performance was driven by their success with partners and consistent sales performance from mid-market teams.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

BlackLine have reported on their Fourth Quarter 2023 Earnings and the company exceeded revenue and profitability expectations for the period.The firm generated $156 million in total revenue and $52 million in non-GAAP net income, ending the year with $603 million in annual recurring revenue or ARR. Much of this performance was driven by their success with partners and consistent sales performance from mid-market teams.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

BlackLine Inc: New AI-Focused Innovations Driving Future Growth? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>BlackLine is a company that sells accounting software and Director Mika Yamamoto sold 35% of her holdings in November 2023 at $54/share.</li><li>The sale was below previous highs, raising questions about the company's prospects in the accounting software market.</li><li>BlackLine's niche position in bridging the gap between internal systems and third-party software streamlines manual processes for controllers, and Yamamoto's insider behavior adds an interesting component to the company's outlook.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

BlackLine is a company that sells accounting software and Director Mika Yamamoto sold 35% of her holdings in November 2023 at $54/share.The sale was below previous highs, raising questions about the company's prospects in the accounting software market.BlackLine's niche position in bridging the gap between internal systems and third-party software streamlines manual processes for controllers, and Yamamoto's insider behavior adds an interesting component to the company's outlook.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Blackline Inc. (BL) - Thursday, Dec 21, 2023

<ul><li>BlackLine managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, achieving $151 million in total revenue and $38 million in non-GAAP net income.</li><li>Go-to-market efforts, especially in the mid-market segment, saw better-than-expected performance, securing new partnerships with companies like Precisely and First Bank Richmond.</li><li>Collaboration with partners, including global consulting firms and managed service providers, is deepening, resulting in notable success in accounts receivable deals.</li></ul>

BlackLine managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, achieving $151 million in total revenue and $38 million in non-GAAP net income.Go-to-market efforts, especially in the mid-market segment, saw better-than-expected performance, securing new partnerships with companies like Precisely and First Bank Richmond.Collaboration with partners, including global consulting firms and managed service providers, is deepening, resulting in notable success in accounts receivable deals.

BlackLine Inc.: Strategy for Dominating the Financial Software Market! - Major Drivers

<ul><li>BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>BlackLine generated $145 million in total revenue in the quarter and $31 million in non-GAAP net profitability.</li><li>BlackLine also completed its largest middle market transaction ever, driven by the demand for cutting-edge solutions to challenging intracompany workflows.</li></ul>

BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.BlackLine generated $145 million in total revenue in the quarter and $31 million in non-GAAP net profitability.BlackLine also completed its largest middle market transaction ever, driven by the demand for cutting-edge solutions to challenging intracompany workflows.

BlackLine Inc.: Launch of AI-Enabled Intercompany Accounting Tool & Other Major Drivers

United States

RingCentral, Inc. is a provider of software-as-a-service, or SaaS, solutions for business communications. The Company offers a multi-user, enterprise-grade communications solution that enables customers and their employees to communicate via voice, text, HD video and web conferencing and fax, on multiple devices, including smartphones, tablets, PCs and desk phones.

Progress Software Corporation develops, markets, and distributes application development, deployment, and integration software to business, industry, and government worldwide.  The Company's products include databases, application servers, messaging servers, and development tools for Internet/Web, extranet, and intranet applications as well as for client/server and host applications.

Rapid7, Inc. provides security data and analytic software solutions. The Company offers services to collect, contextualize, and analyze security data to reduce threat exposure and detect compromise in real-time.

Instructure Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides learning management system dedicated to elevating student success, amplifying the power of teaching, and inspiring everyone to learn together.

Life360, Inc. designs and develops technological products. The Company offers mobile application for multi-channel messaging and tracking platform for family communication, lost item retrieving, and medical treatment services. Life360 serves customers in the United States.

Appian Corporation develops enterprise software solutions. The Company offers business process and cash management software. Appian serves customers worldwide.

Blackbaud, Inc. provides software and related services designed specifically for non-profit organizations. The Company's products and services enable non-profit organizations to increase donations, reduce fundraising costs, improve communication with constituents, manage their finances, and optimize internal operations.

MeridianLink, Inc. operates as a software development company. The Company develops software that web-based solutions and systems integrations for the financial sector such as web-based account opening and funding transaction services. MeridianLink serves customers in the United States.

Verint Systems Inc. provides analytic solutions for communications, interception, digital video security and surveillance, and enterprise business intelligence.  The Company's software generates actionable intelligence through the collection, retention, and analysis of voice, fax, video, email, Internet, and data transmission from various types of communications networks.

ACI Worldwide, Inc. develops, markets, and supports software products for the global electronics funds transfer market.  The Company's products are used to process transactions involving credit cards, debit cards, smartcards, home banking services, checks, and automated clearing and settlement.

Kingdee International Software Group Company Limited, through its subsidiaries, develops and sells enterprise management software, e-commerce application software and middleware software.  The Company also provides internet-based services and setting up e-commerce platforms for enterprises. In addition, Kingdee provides solution consulting and technical support services.

Kingsoft Corporation Ltd. develops and markets computer software.  The Company develops role-playing computer games and security, word processing, and spreadsheet software.

Beijing Venustech Inc. provides a variety of information security products, information security services and information security solutions.  The Company's products and services are intrusion detection systems, intrusion prevention systems, firewalls, real-time monitoring and security management certification training services.

Jiangsu Hoperun Software Company Limited provides software outsourcing services for professional fields. The Company's main products include supply chain management software, intelligent terminal embedded software, and smart grid IT software outsourcing services.

Sapiens International Corporation N.V. is a global provider of information technology (IT) solutions. The Company's solutions modernize business processes and enable insurance organizations and other companies to adapt quickly to change. Sapiens modular solutions align IT with the business demands for speed, flexibility, and efficiency.

NCSOFT Corporation develops and markets on-line games that enable users to play over the Internet and computer software, such as web editing software.  The Company also designs and constructs databases, Intranet, and commercial Internet access systems.

Aisino Co., Ltd. manufactures electronic and telecommunication equipment, as well as provides system integration and other related services. The Company's products include anti-fraud tax control systems and IC cards.

Beijing Shiji Information Technology Co.,Ltd. develops and sells management information system software for the Hotel industry. The Company also provides IT system integration and IT technology support services.

Beijing Shiji Information Technology Co., Ltd. (002153 CH)

Beijing Shiji Information Technology Co., Ltd.

Glodon Company Limited develops application softwares for basic construction industry. The Company's products include construction engineering cost management software and project cost management software. The Company also provides related training and consulting services.

SQUARE ENIX HOLDINGS CO., LTD. develops and sells entertainment software for home video game consoles including Dragon Quest and Final Fantasy series. The Company also publishes books such as informational guide books for its game software, and comic magazines and books.  Additionally, Square Enix sells character goods and stationery items from its software products.

BlackLine, Inc. develops and markets enterprise software. The Company offers cloud-based software that automates and manages complex, manual, and repetitive accounting processes. BlackLine serves customers in the United States.

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Blackline Inc (BL US)

BlackLine Inc.: Streamlined Pricing Strategy Implementation & 5 Elements Driving Our Bullish Outlook! - Financial Forecasts

BlackLine reported a strong start to the year with a total revenue of $157 million, exceeding both revenue and profitability forecasts. The...

Baptista Research

BlackLine Inc: New AI-Focused Innovations Driving Future Growth? - Major Drivers

BlackLine have reported on their Fourth Quarter 2023 Earnings and the company exceeded revenue and profitability expectations for the period. The...

Baptista Research

Blackline Inc. (BL) - Thursday, Dec 21, 2023

BlackLine is a company that sells accounting software and Director Mika Yamamoto sold 35% of her holdings in November 2023 at $54/share.

Value Investors Club

BlackLine Inc.: Strategy for Dominating the Financial Software Market! - Major Drivers

BlackLine managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, achieving $151 million in total revenue...

Baptista Research

BlackLine Inc.: Launch of AI-Enabled Intercompany Accounting Tool & Other Major Drivers

BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street. BlackLine generated $145 million in total...

Baptista Research

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