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Blackline Safety
(TSX:BLN)
Blackline Safety (BLN) vs. iShares MSCI Canada ETF (EWC)
Blackline Safety Business Overview & Revenue Model
Blackline Safety Earnings Call Summary
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 |
| EBITDA | -1.40M | -15.92M | -46.49M | -27.96M | -3.68M |
| Net Income | -12.60M | -25.55M | -53.65M | -33.30M | -8.09M |
Balance Sheet | |||||
| Total Assets | 146.88M | 109.12M | 108.05M | 109.30M | 88.61M |
| Cash, Cash Equivalents and Short-Term Investments | 43.11M | 15.99M | 30.94M | 54.52M | 51.52M |
| Total Debt | 13.59M | 11.10M | 11.25M | 2.37M | 1.56M |
| 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 |
|---|---|---|---|---|---|---|---|
| ― | C$1.15B | 15.40 | 12.56% | 6.45% | 0.03% | -10.21% | |
| ― | C$593.76M | ― | -11.83% | ― | 20.78% | 58.71% | |
| ― | C$5.08B | 146.89 | 5.93% | ― | 15.81% | 22.17% | |
| ― | $1.11B | 39.13 | 55.53% | ― | 18.51% | 32.49% | |
| ― | C$496.69M | 110.40 | 6.45% | 0.95% | 4.03% | 199.20% | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | C$460.17M | 21.12 | 27.95% | 2.84% | 8.53% | -8.25% |
Blackline Safety Corporate Events
Blackline Safety’s EXO 8 area monitor has been awarded the 2025 Firehouse Innovation Award, marking its eighth industry accolade this year. The EXO 8 is recognized for its ability to detect eight different gases and gamma radiation in a single portable device, providing real-time data to emergency response teams. This innovation enhances safety by offering instant visibility in hazardous situations, further supported by a recent update to the EXO 8 analytics report on the Blackline Live platform, which improves data visualization and reporting for users.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
Blackline Safety has been recognized as one of Canada’s Top Growing Companies for the seventh consecutive year, demonstrating a three-year revenue growth of 134%. The company’s inclusion in the S&P/TSX SmallCap and S&P/TSX Capped Information Technology Indexes highlights its strong market position and ongoing innovation in safety technology. These achievements underscore Blackline’s commitment to delivering advanced safety solutions and reflect the trust of its customers and stakeholders.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
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.
Blackline Safety’s recent earnings call for the third quarter of fiscal year 2025 painted a picture of robust growth tempered by some challenges. The company showcased strong revenue growth and improved margins, driven by recurring revenue and international expansion, notably through the ADNOC agreement. However, it also faced hurdles, including a decline in product revenue and a net loss attributed to economic uncertainties and trade policy impacts.
Blackline Safety reported a record fiscal third quarter for 2025, with revenue reaching $37.6 million, marking the 34th consecutive quarter of year-over-year growth. The company’s Annual Recurring Revenue increased by 29% to $80.2 million, and the Net Dollar Retention rate was 128%, highlighting strong customer loyalty and expansion. The EXO 8 area monitor, capable of detecting multiple gases and gamma radiation, has gained significant traction across various industries, further strengthening Blackline’s market position. The company also achieved a positive Adjusted EBITDA for the fifth consecutive quarter, reflecting improved profitability and operational efficiency.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
Blackline Safety unveiled significant software upgrades at the 2025 National Safety Congress & Expo, introducing enhancements to its Blackline Live platform. These updates include improved bulk management tools, a refreshed mobile app for lower-risk workers, and new geofencing capabilities. The enhancements aim to streamline compliance, automate operations, and enhance worker protection, reflecting Blackline’s commitment to safety innovation and its growing influence in the connected safety technology industry.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
Blackline Safety has appointed Vasi Philomin, a seasoned executive from Siemens and Amazon, to its Board of Directors to advance its AI strategy. Philomin’s expertise in industrial AI and IoT platforms is expected to bolster Blackline’s mission of transforming safety through data-driven intelligence, enhancing worker protection and productivity.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
Blackline Safety Corp. announced it will release its fiscal third quarter 2025 financial results on September 11, 2025, followed by a conference call and webcast. This announcement highlights the company’s ongoing commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
Blackline Safety has initiated a significant rollout with the Abu Dhabi National Oil Company (ADNOC) under a multi-year agreement, marking a major milestone in its Middle East growth strategy. The initial order includes 1,000 G6 wearable single-gas detectors and 1,200 location beacons, reinforcing ADNOC’s commitment to worker safety and operational excellence. This agreement highlights the growing demand for Blackline’s connected safety ecosystem, which combines wearable technology, cloud software, and live monitoring to protect workers in challenging environments.
The most recent analyst rating on (TSE:BLN) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.
Blackline Safety has announced a significant expansion of its quality assurance program, increasing its QA team and upgrading inspection equipment for enhanced product testing and reliability. This expansion, conducted entirely in-house, aims to ensure the durability and safety of their devices through rigorous testing in simulated environments. By investing in advanced inspection tools and expanding their QA team by over 250%, Blackline strengthens its commitment to safety and reliability, potentially enhancing its market position and stakeholder trust.
The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.