- Blackline Safety reported second-quarter revenue of C$35.9 million, reflecting a 14% year-over-year increase.
- The reported revenue fell short of the market estimate, which was C$37.7 million.
- The gross margin improved to 63%, compared to 57% the previous year, exceeding the estimate of 58.9%.
- Adjusted EBITDA reached C$1.04 million, a significant improvement from a loss of C$2.04 million year-over-year, and exceeded the estimate of C$62,500.
- Blackline Safety’s loss per share was reduced to C$0.040 from C$0.060 the previous year.
- Product revenue saw a slight decrease of 5.2% year-over-year, amounting to C$14.1 million.
- Service revenue experienced substantial growth, increasing by 31% year-over-year to reach C$21.9 million.
- The CEO and Chair of Blackline Safety commented on the company’s strong quarterly performance despite challenging macroeconomic conditions.
- The company’s stock receives 7 buy ratings, 1 hold rating, and no sell ratings.
A look at Blackline Safety Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Blackline Safety Corp. offers safety monitoring technology products, catering to a global clientele. According to Smartkarma Smart Scores, the company shines in growth, resilience, and momentum, scoring high in these areas. This suggests a positive long-term outlook for Blackline Safety, indicating strong potential for expansion and durability in the face of challenges.
While the company’s value and dividend scores are not as high as its growth, resilience, and momentum scores, Blackline Safety’s overall Smartkarma Smart Scores paint a promising picture for its future. With a solid foundation in place and a strong emphasis on growth and resilience, investors may find Blackline Safety an attractive option for long-term investment opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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