Blackline Safety Secures $1.8M Contract with Major Californian Water Utility

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

Blackline Safety has secured a $1.8 million contract with a major Californian water utility, marking its largest U.S. water deal to date. This contract involves the deployment of over 560 connected safety devices, including G7c wearable gas detectors, and four years of self-monitoring services, enhancing safety for utility workers. This expansion into the water and wastewater sector underscores the growing demand for advanced safety solutions in critical infrastructure industries, reinforcing Blackline’s position as a leader in connected safety technology.

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 Outperform.

Blackline Safety’s strong revenue growth and improved margins are significant positives, supported by bullish technical indicators. However, negative profitability and valuation challenges weigh on the score. The earnings call provided a positive outlook with strategic growth initiatives, enhancing the overall score.

To see Spark’s full report on TSE:BLN stock, click here.

More about Blackline Safety

Blackline Safety is a technology leader in the industrial workforce sector, specializing in IoT-driven connected safety devices and predictive analytics. The company provides wearable devices, personal and area gas monitoring, cloud-connected software, and data analytics to enhance safety and productivity for organizations worldwide, with a presence in over 75 countries.

Average Trading Volume: 71,177

Technical Sentiment Signal: Buy

Current Market Cap: C$599.7M

Find detailed analytics on BLN stock on TipRanks’ Stock Analysis page.