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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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $13.27B | 24.54 | 23.36% | ― | 23.03% | 81.01% | |
63 Neutral | C$2.03B | ― | -5.18% | ― | 23.95% | 39.68% | |
62 Neutral | C$548.54M | ― | -14.10% | ― | 31.68% | 67.90% | |
59 Neutral | $10.59B | 10.09 | -6.37% | 3.05% | 7.44% | -10.67% | |
58 Neutral | C$543.16M | 27.55 | 10.84% | ― | 21.14% | -3.80% | |
54 Neutral | $185.84M | 11.52 | 59.45% | ― | -2.68% | ― | |
44 Neutral | C$7.57M | ― | -14.23% | ― | -43.46% | 35.70% |
Blackline Safety Earnings Call Summary
Blackline Safety Corporate Events
Blackline Safety’s Chief People Officer, Meaghan Whitney, has been honored in the Globe and Mail’s 2025 Best Executives for her exceptional leadership in Human Resources. Under Whitney’s leadership, Blackline has experienced significant workforce growth and improved employee engagement, contributing to the company’s consistent revenue growth and strong industry positioning.
Spark’s Take on TSE:BLN Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLN is a Neutral.
Blackline Safety’s strong revenue growth and low leverage are offset by current profitability challenges and negative cash flow. Although technical indicators suggest a cautious outlook, the company’s strategic leadership changes and recognition for innovation provide a positive future outlook. However, the negative P/E ratio indicates valuation concerns, affecting the overall score.
To see Spark’s full report on TSE:BLN stock, click here.
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.