Blackline Safety Posts Record-Breaking Quarterly Results

Blackline Safety (TSE:BLN) has released an update.

Blackline Safety Corp. achieved its highest-ever quarterly revenue of $31.6 million, marking a 31% increase from the previous year, alongside a record gross profit of $18.0 million. The company also reported a significant improvement in its Annual Recurring Revenue, which saw a 33% year-over-year increase to $56.5 million, and a Net Dollar Retention rate of 130%. These milestones underscore Blackline’s success in the connected safety technology market, with substantial growth across Europe, Canada, and the U.S.

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