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Blackline Safety
(TSX:BLN)
Blackline Safety (BLN) vs. S&P 500 (SPY)
Blackline Safety Business Overview & Revenue Model
Blackline Safety Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 127.29M | 100.01M | 72.93M | 54.31M | 38.38M | Gross Profit |
| 74.25M | 52.78M | 32.24M | 26.39M | 20.19M | EBIT |
| -10.65M | -24.45M | -51.98M | -32.30M | -8.35M | EBITDA |
| -1.40M | -15.92M | -46.49M | -27.96M | -3.68M | Net Income Common Stockholders |
| -12.60M | -25.55M | -53.65M | -33.30M | -8.09M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 43.11M | 15.99M | 30.94M | 54.52M | 51.52M | Total Assets |
| 146.88M | 109.12M | 108.05M | 109.30M | 88.61M | Total Debt |
| 13.59M | 11.10M | 11.25M | 2.37M | 1.56M | Net Debt |
| -2.52M | -384.00K | -11.19M | -32.06M | -26.96M | Total Liabilities |
| 89.27M | 75.92M | 55.69M | 35.96M | 22.28M | Stockholders Equity |
| 57.61M | 33.20M | 52.36M | 73.34M | 66.33M |
| Cash Flow | Free Cash Flow | |||
| -6.46M | -29.42M | -59.22M | -34.43M | -12.67M | Operating Cash Flow |
| 1.91M | -22.07M | -50.56M | -28.97M | -9.16M | Investing Cash Flow |
| -30.46M | -3.46M | 249.00K | -3.05M | -9.15M | Financing Cash Flow |
| 32.59M | 9.23M | 32.23M | 38.72M | 34.29M |
Blackline Safety Technical Analysis
Blackline Safety Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $10.91B | 18.85 | 23.36% | ― | 23.03% | 81.01% | |
65 Neutral | C$534.80M | ― | -14.10% | ― | 31.68% | 67.90% | |
60 Neutral | C$480.83M | 23.96 | 10.84% | ― | 21.14% | -3.80% | |
59 Neutral | C$1.71B | ― | -5.18% | ― | 23.95% | 39.68% | |
57 Neutral | $18.57B | 9.42 | -13.42% | 2.72% | 5.01% | -23.43% | |
56 Neutral | $199.11M | 12.34 | 59.45% | ― | -2.68% | ― | |
44 Neutral | C$6.33M | ― | -13.04% | ― | -43.46% | 35.70% |
Blackline Safety Earnings Call Summary
Blackline Safety Corporate Events
Blackline Safety announced the promotion of three senior leaders to Vice President roles, enhancing its leadership team to support continued global expansion and operational efficiency. Andrea Lamond, Eric Palmiere, and Julie Baron have been promoted to lead Growth Operations, Business IT & Cybersecurity, and Marketing, respectively, as the company builds on its momentum of 32 consecutive quarters of growth, aiming to deliver industry-leading safety innovations worldwide.
Blackline Safety has been recognized by Fast Company as one of the World’s Most Innovative Companies for 2025, highlighting its significant contributions to workplace safety through innovative technology. The company’s connected safety solutions, including wearable devices and cloud-based software, enable real-time monitoring and incident prevention, thereby transforming how organizations protect their workforce. This accolade underscores Blackline’s leadership in setting new standards for safety and operational performance in hazardous environments.
Blackline Safety Corp. announced the results of its 2025 shareholders meeting, highlighting the retirement of Cheemin Bo-Linn and the appointment of Jason Cohenour as the new lead independent director. The meeting also saw the election of all proposed directors and the approval of several resolutions, including amendments to the company’s stock option and share award incentive plans. These changes are expected to support Blackline’s strategic growth and governance, reinforcing its commitment to long-term value creation for stakeholders.
Blackline Safety Corp. reported a record fiscal first quarter 2025 revenue of $37.7 million, marking a 43% increase year-over-year, and achieving its 32nd consecutive quarter of revenue growth. The company also reported a record annual recurring revenue of $70.9 million, up 31% year-over-year, and a net dollar retention of 128%, underscoring strong global demand and the ability to scale profitably.
To commemorate its 20th anniversary, Blackline Safety Corp. donated $20,000 to Threads of Life, a Canadian non-profit dedicated to supporting families affected by workplace tragedies. This gesture underscores Blackline’s commitment to workplace safety and innovation, aiming to prevent future incidents and promote safe working environments, especially for lone workers who often feel unsafe.
Blackline Safety Corp. has announced that it will release its fiscal first quarter 2025 financial results on March 12, 2025, before the market opens. The company will host a conference call and webcast to discuss these results, which could provide insights into its financial health and strategic direction, potentially impacting stakeholders and its positioning in the safety technology industry.
Blackline Safety Corp. has appointed Paul Semak as Vice President of North American Sales to spearhead market expansion and revenue growth. With extensive experience from previous roles at Cisco and Extreme Networks, Semak’s leadership is expected to strengthen Blackline’s sales strategy and enhance its presence across North America.
Blackline Safety announced its participation in an investor webcast hosted by Bristol Investor Relations, scheduled for February 4, 2025. During the webcast, Blackline’s CEO and CFO will discuss the company’s business strategy, product offerings, and financial performance, providing stakeholders an opportunity to engage through a Q&A session, potentially impacting investor relations and market positioning.
Blackline Safety has completed a strategic private placement financing with the Lowy Family Group, raising approximately $26.98 million. This investment is set to support Blackline’s growth by funding its cloud-based software, data platform enhancements, and scalability initiatives, including expanding manufacturing and improving internal systems. The investment positions Blackline to capitalize on growth opportunities in the connected safety market, with the Lowy Family Group’s expertise expected to bolster Blackline’s expansion and market leadership.
Blackline Safety announced record financial results for its fiscal year 2024, achieving $127.3 million in revenue, marking a 27% increase. The company reported a record fourth-quarter EBITDA of $2.5 million and a 31st consecutive quarter of year-over-year revenue growth, highlighting strong market acceptance and the scalability of its business model.
Blackline Safety has announced a $1.6 million deal with Total Safety, where Total Safety will acquire over 100 of Blackline’s EXO 8 portable area monitors. The EXO 8’s features, such as its advanced connectivity, extended battery life, and real-time monitoring capabilities for up to eight gases, are expected to enhance Total Safety’s rental offerings for critical industrial operations, particularly in the energy sector.