Blackline Safety (BLN) AI Stock Analysis

• Market Cap: C$600.65M
• Dividend Yield: N/A
• Average Volume (3M): 43.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: 26.80%
• EPS Growth: 69.67%
• Country: CA
• Employees: 540
• Sector: Technology
• Sector Strength: 87
• Industry: Software - Application
• EPS (TTM): -0.04
• Shares Outstanding: 86,688,030
• 10 Day Avg. Volume: 30,427
• 30 Day Avg. Volume: 43,706
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$10.00
• Price Target Upside: 40.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: C$8.00 ▲(12.52%Upside)

Blackline Safety's strengths lie in its robust revenue growth and strong market position, bolstered by innovative products and positive corporate developments. However, significant challenges remain due to ongoing unprofitability and negative cash flow, affecting the valuation score negatively. Technical indicators suggest a bullish trend, adding a positive note to the overall assessment.

Positive Factors

Analyst Recommendation

Analyst recommends a BUY rating for Blackline Safety stock.

Stock Target Price

The stock has a target price set at C$70.00.

Negative Factors

Financial Performance

EBITDA guidance is in line with expectations but falls 4% below industry estimates.

Near-Term Outlook

There is a cautious near-term outlook for Blackline Safety's performance.

Operational Challenges

Another guidance revision has occurred due to ongoing power availability issues.

Blackline Safety Business Overview & Revenue Model

Company Description

Blackline Safety (BLN) is a leading provider of connected safety technology, specializing in the development of cutting-edge safety wearables and monitoring solutions. The company operates primarily in the industrial and commercial sectors, offering products and services that enhance worker safety and operational efficiency. Blackline Safety's core products include personal gas detection devices, lone worker monitoring systems, and cloud-connected software platforms that provide real-time safety insights and analytics.

How the Company Makes Money

Blackline Safety generates revenue through the sale of its safety devices and associated services. The company's revenue model includes product sales, subscription-based services, and data analytics offerings. Key revenue streams include the direct sale of safety equipment, such as gas detectors and lone worker monitors, and recurring subscription fees for access to its cloud-based safety monitoring and analytics platform. Additionally, Blackline Safety benefits from partnerships with industrial clients and distributors, which help to expand its market reach and drive sales growth. The company also offers maintenance and support services, contributing further to its earnings.

Blackline Safety Financial Statement Overview

Summary

Blackline Safety exhibits strong revenue growth and a stable balance sheet with low leverage. However, persistent operating losses and negative free cash flow present risks to financial sustainability. The company should focus on improving profitability and cash flow management to enhance its financial standing.

Income Statement

Blackline Safety has shown significant revenue growth with a 27.3% increase from the previous year, reflecting strong sales performance. However, the company has been operating at a loss, evident from the negative net profit margin of -9.89% and a negative EBIT margin of -8.36%. The gross profit margin stands at 58.33%, which is robust for the software industry, but the negative margins indicate challenges in managing operating expenses.

Balance Sheet

The balance sheet reveals a relatively low debt-to-equity ratio of 0.24, indicating prudent financial leverage. The equity ratio is 39.22%, suggesting that a significant portion of the company's assets are funded by equity. Return on equity is negative at -21.86%, which reflects the company's current unprofitability. Overall, the balance sheet shows stability with manageable debt levels.

Cash Flow

The company has improved operating cash flow to $1.91 million from a negative position, but free cash flow remains negative at -$6.46 million, which is concerning for long-term sustainability. The operating cash flow to net income ratio is -0.15, indicating cash flow challenges. Improvements in free cash flow management are necessary to strengthen financial health.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 7.11
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BLN, the sentiment is Neutral. The current price of 7.11 is below the 20-day moving average (MA) of 7.31, below the 50-day MA of 7.22, and above the 200-day MA of 6.69, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 41.40 is Neutral, neither overbought nor oversold. The STOCH value of 7.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BLN.

Blackline Safety Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMG	75 Outperform	C$619.88M	27.63	29.19%	3.66%	32.49%	-0.20%
KXS	74 Outperform	C$5.70B	408.43	2.32%	―	15.14%	-31.45%
DCBO	74 Outperform	$1.17B	37.51	41.12%	―	20.52%	246.69%
ENGH	73 Outperform	$1.29B	16.50	13.26%	5.09%	5.12%	-2.77%
TCS	71 Outperform	C$585.28M	130.72	6.39%	0.86%	2.61%	46.26%
BLN	69 Neutral	C$600.65M	―	-13.97%	―	26.80%	69.67%
Sector *	49 Neutral	C$2.97B	2.15	-83.78%	2.54%	12.97%	-24.70%

Blackline Safety Corporate Events

Blackline Safety Achieves Record Revenue and Expands Product Offerings

Blackline Safety reported a record fiscal second quarter 2025 revenue of $35.9 million, marking its 33rd consecutive quarter of year-over-year revenue growth. The company achieved a 33% increase in annual recurring revenue and maintained a Net Dollar Retention rate above 125% for the eighth consecutive quarter, highlighting strong customer retention and market adoption. The launch of the EXO 8 Gamma area monitor, capable of detecting multiple gases and gamma radiation, further strengthens Blackline’s market position and opens new growth opportunities. Despite geopolitical uncertainties affecting product revenue, the overall financial performance demonstrates the resilience and strength of Blackline’s business model.

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.

Blackline Safety to Announce Q2 2025 Financial Results

Blackline Safety Corp. announced it will release its fiscal second quarter 2025 financial results on June 11, 2025, followed by a conference call and webcast. This announcement underscores Blackline’s commitment to transparency and may impact its market positioning by providing stakeholders with insights into its financial health and operational performance.

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.

Blackline Safety’s EXO 8 Wins Multiple Awards for Safety Innovation

Blackline Safety has announced that its new EXO 8 area monitor, capable of detecting up to eight gases plus gamma radiation, has received four prestigious awards, including the Red Dot Design Award and three Occupational Health & Safety Industrial Hygiene Awards. These accolades underscore EXO 8’s innovative design and its significant impact on industrial safety, particularly in emergency preparedness and response. The device’s new gamma detection capability is especially beneficial for fire and hazmat teams, contributing to a 175% growth in customer adoption in these sectors. The EXO 8’s success reflects Blackline’s commitment to advancing proactive safety management and its strong market position in connected safety technology.

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.

Blackline Safety’s Meaghan Whitney Recognized as a Top Executive in HR

Blackline Safety’s Chief People Officer, Meaghan Whitney, has been honored in the Globe and Mail’s 2025 Best Executives for her exceptional leadership in Human Resources. Under Whitney’s leadership, Blackline has experienced significant workforce growth and improved employee engagement, contributing to the company’s consistent revenue growth and strong industry positioning.