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Blackline Safety ( (TSE:BLN) ) has issued an update.
Blackline Safety reported record fiscal 2025 revenue of $150.5 million, up 18% year over year, driven by a 30% increase in higher-margin service revenue to $90.5 million and annual recurring revenue rising 27% to $84.5 million. Net dollar retention reached 128% in the fourth quarter as customers expanded deployments, helping the company deliver its first full year of positive adjusted EBITDA at $6.1 million and extend its streaks to 35 consecutive quarters of year-over-year revenue growth and six consecutive quarters of positive adjusted EBITDA. The company also unveiled its next-generation G8 connected safety wearable, which integrates advanced gas detection, lone worker protection and real-time communications with cloud connectivity and a future-ready architecture designed to support ongoing software updates and digital worksite integrations, reinforcing Blackline’s technology leadership in the connected safety market and positioning it for continued growth as initial commercial shipments begin in early 2026.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
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 improved margins are significant positives, supported by a robust balance sheet and strategic international expansion. However, ongoing net losses, negative cash flows, and valuation concerns due to a negative P/E ratio weigh on the overall score. Technical indicators suggest potential short-term weakness, but the company’s strategic initiatives and recurring revenue growth provide a solid foundation for future performance.
To see Spark’s full report on TSE:BLN stock, click here.
More about Blackline Safety
Blackline Safety Corp., listed on the TSX under ticker BLN and based in Calgary, is a global leader in connected safety technology. The company offers hardware-enabled SaaS solutions including connected gas detection devices, lone worker protection wearables and a cloud-based platform, Blackline Live, focused on improving safety, real-time monitoring and operational visibility for industrial workforces worldwide.
Average Trading Volume: 41,088
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$602.1M
See more insights into BLN stock on TipRanks’ Stock Analysis page.