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Blackline Safety (TSE:BLN)
TSX:BLN
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Earnings Data
Report Date
Jan 16, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-C$0.01Last Year’s EPS
-C$0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 11, 2024
|% Change Since: 44.47%
|Next Earnings Date:Jan 16, 2025
Earnings Call Sentiment|Positive
The earnings call presented a highly positive outlook for Blackline Safety, highlighting record revenues, positive EBITDA, and strong international growth. Despite some increases in operating expenses and foreign exchange fluctuations, the overall sentiment is very favorable, with substantial improvements in profitability and efficiency.Company Guidance
During the Q3 2024 earnings call for Blackline Safety Corp (BLN.TO), the company provided robust guidance with numerous key metrics. Blackline reported a record quarterly revenue of $33.7 million, marking a 36% year-over-year increase, driven by a 38% rise in product revenue to $15.5 million and a 34% surge in service revenue to $18.2 million. The company also achieved positive EBITDA for the quarter, with adjusted EBITDA at $0.8 million, an improvement from a $3.8 million loss the previous year. Gross profit increased by 48% to $19.9 million, contributing to a gross margin increase to 59% from 54% last year. Blackline's annual recurring revenue reached a record $62 million, up 32% from the previous year, while net dollar retention was at an impressive 128%. The company's largest geographic market, the U.S., saw a revenue increase of 34%, and European revenue grew by 29%, with the rest of the world experiencing a dramatic 212% increase. Operating expenses as a percentage of revenue decreased significantly, reflecting improved cost efficiency, and Blackline's net cash used in operations was reduced by 85% compared to the prior year. The call highlighted Blackline's aim to sustain growth and improve profitability, forecasting continued success as they introduce new products and expand their market presence.Record Revenue and Growth
Blackline Safety achieved a record quarterly revenue of $33.7 million, marking a 36% increase from the previous year. This growth is attributed to strong hardware sales and increased recurring service revenues.
Positive EBITDA Achieved
Blackline reported positive EBITDA this quarter, with adjusted EBITDA reaching $0.8 million, an improvement from a loss of $3.8 million a year ago.
Significant Gross Profit Increase
Gross profit improved to $19.9 million, up 48% from the prior year, with a gross margin reaching a new record of 59%.
Strong International Growth
The rest of world revenue increased by 212%, driven by strategic expansions into Asia, the Middle East, and Africa.
Operating Efficiency Improvements
Operating costs as a percentage of revenue decreased from 126% last year to 67%, reflecting significant cost discipline.
Reduction in Net Loss
Net loss decreased to $2.5 million compared to $6.8 million a year ago, representing a 64% reduction.
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TSE:BLN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BLN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 11, 2024 | C$4.70 | C$5.04 | +7.23% |
| Jun 13, 2024 | C$4.05 | C$4.19 | +3.46% |
| Mar 14, 2024 | C$4.54 | C$4.40 | -3.08% |
| Jan 18, 2024 | C$4.09 | C$3.88 | -5.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blackline Safety (TSE:BLN) report earnings?
Blackline Safety (TSE:BLN) is schdueled to report earning on Jan 16, 2025, Before Open Not Confirmed.
What is Blackline Safety (TSE:BLN) earnings time?
Blackline Safety (TSE:BLN) earnings time is at Jan 16, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BLN EPS forecast?
TSE:BLN EPS forecast for the fiscal quarter 2024 (Q4) is -C$0.01.
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