Blackline Safety (BLN) AI Stock Analysis

• Market Cap: C$596.00M
• Dividend Yield: N/A
• Average Volume (3M): 80.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: 26.80%
• EPS Growth: 69.67%
• Country: CA
• Employees: 540
• Sector: Technology
• Sector Strength: 83
• Industry: Software - Application
• EPS (TTM): -0.04
• Shares Outstanding: 86,747,510
• 10 Day Avg. Volume: 71,034
• 30 Day Avg. Volume: 80,246
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 42.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: C$7.00 ▼(-0.43% Downside)

The overall stock score is primarily influenced by strong revenue growth and a robust balance sheet, which provide a stable foundation for future growth. However, the negative P/E ratio and lack of profitability weigh heavily on the valuation score, while technical indicators suggest potential bearish trends. The absence of earnings call data and corporate events limits additional insights.

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 in the connected safety technology sector, specializing in comprehensive safety solutions for industrial workplaces. The company designs, manufactures, and sells wearable safety devices and software services that help protect workers in hazardous environments. Blackline Safety's core products include personal gas detection and lone worker monitoring devices, which are integrated with cloud-connected software to offer real-time safety data and insights.

How the Company Makes Money

Blackline Safety generates revenue primarily through the sale of its safety devices and associated cloud-based software services. The company offers a subscription model for its software services, which provides recurring revenue streams. Key revenue streams include the sale of hardware devices like gas detectors and lone worker monitors, as well as subscription fees for software that provides real-time data, analytics, and emergency response management. Blackline Safety's earnings are bolstered by partnerships with industrial companies seeking to improve workplace safety and comply with regulatory standards. Additionally, the company may engage in strategic alliances and collaborations to expand its market reach and product offerings.

Blackline Safety Financial Statement Overview

Summary

Blackline Safety shows strong revenue growth and improving gross profit margins, but faces challenges with net losses and negative cash flows. The balance sheet is solid, with low leverage and increased equity.

Income Statement

Blackline Safety has shown consistent revenue growth, with TTM revenue at $142.996M, a 12.3% increase from the previous annual period. Gross profit margin for TTM is 60.68%, indicating strong cost management. However, net profit margin is negative at -5.16%, reflecting ongoing challenges in achieving profitability. The EBIT margin is also negative at -2.90%, though improved from prior periods, suggesting potential for future operational efficiency gains.

Balance Sheet

The company maintains a solid equity position with a debt-to-equity ratio of 0.16, indicating low leverage. Stockholders' equity increased to $80.485M, enhancing stability. The equity ratio stands at 49.11%, demonstrating a balanced capital structure. The return on equity is negative due to net losses, but improving equity suggests long-term potential for shareholder return.

Cash Flow

Operating cash flow has turned negative at -$1.445M in TTM, down from positive cash flow in previous periods, raising concerns about cash generation. Free cash flow remains negative at -$10.071M, but the free cash flow to net income ratio is slightly improving. The company relies on financing activities for liquidity, which could pose a risk if external funding sources become constrained.

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: Positive
• Last Price: 7.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BLN, the sentiment is Positive. The current price of 7.03 is above the 20-day moving average (MA) of 6.40, above the 50-day MA of 6.71, and above the 200-day MA of 6.77, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 68.90 is Neutral, neither overbought nor oversold. The STOCH value of 87.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BLN.

Blackline Safety Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KXS	70 Outperform	C$5.37B	153.87	5.93%	―	15.81%	22.17%
TCS	64 Neutral	C$542.68M	122.60	6.39%	0.93%	1.75%	139.02%
Sector *	61 Neutral	$35.62B	7.50	-10.94%	1.87%	8.86%	-10.27%
BLN	59 Neutral	C$596.00M	―	-13.97%	―	26.80%	69.67%
CMG	58 Neutral	C$504.61M	23.17	27.95%	3.14%	8.53%	-8.25%
EGHSF	―	$898.10M	15.93	13.26%	4.84%	―	―
DCBO	―	$899.39M	42.81	55.53%	―	―	―

Blackline Safety Corporate Events

Blackline Safety Expands Quality Assurance Program to Enhance Product Reliability

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.

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.