- Blackline Safety reported third-quarter revenue of C$37.6 million, which is a 12% increase year-over-year.
- The revenue fell short of the estimated C$38 million analysts were predicting.
- The company’s gross margin improved to 64%, up from 59% in the previous year, surpassing the estimate of 62.3%.
- Adjusted EBITDA came in at C$1.33 million, a 64% rise year-over-year, beating the estimate of C$1.04 million.
- Blackline Safety faced a loss per share of C$0.040, compared to a loss of C$0.030 per share in the same period last year.
- Product revenue dropped by 7.1% year-over-year to C$14.4 million.
- Service revenue increased significantly by 27% year-over-year, reaching C$23.2 million.
- CEO and Chair of Blackline Safety emphasized the company’s consistent growth, with this being the 34th consecutive quarter of year-over-year revenue increase.
- The company received positive market sentiment with 7 buy ratings, 1 hold, 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. is deemed to have a promising long-term outlook based on the Smartkarma Smart Scores assessment. With a top score of 5 in Growth, it suggests that the company is positioned for significant expansion in the future. Additionally, Blackline Safety scores well in Resilience and Momentum, with scores of 4 in both categories, indicating a strong ability to withstand challenges and maintain positive market performance over time. While its Value score is moderate at 2, this could imply room for improvement in terms of stock valuation. With a lower score of 1 in Dividend, the company may not be focusing on distributing profits to shareholders through dividends, instead opting to reinvest in growth opportunities.
Overall, Blackline Safety Corp. shows potential for substantial growth and stability in the safety monitoring technology sector. Its strong scores in Growth, Resilience, and Momentum highlight its capacity for expansion, ability to navigate market fluctuations, and consistent positive market performance. Although there may be room for enhancement in terms of stock valuation and dividend distribution, the company’s core focus on developing and marketing wireless safety monitoring products positions it well to continue serving customers worldwide with innovative solutions for workplace safety.
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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