Blackline Safety Corp. (T:BLN)
Business Focus: Security & Surveillance
| Sector: Technology | Industry: Communications & Networking |
| Company Contact | |
| Address: | Unit 100, 803 24 Avenue SE CALGARY AB T2G 1P5 |
| Tel: | N/A |
| Website: | https://www.blacklinesafety.com |
| IR: | See website |
| Key People | ||
| Cody Z. Slater Chairman of the Board, Chief Executive Officer | Sean Stinson President, Chief Growth Officer | Shane Martin Grennan Chief Financial Officer |
| Kevin Meyers Chief Operating Officer | Christine Gillies Chief Product, Chief Marketing Officer | Michael F. Hayduk Corporate Secretary, Independent Director |
| Business Overview |
| Blackline Safety Corp. is a Canada-based technology company engaged in the industrial workforce through Internet of Things (IoT). The Company develops, manufactures and markets products and services that empower businesses with real-time safety insights to manage emergency responses, evacuations and gas detection compliance programs. It provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet safety challenges and enhance overall productivity for organizations. Its segments include Product and Service. Its software solutions include Blackline Live, Blackline Analytics, Plume Modeling, API Library and Loner Mobile. Its personal gas detection solutions include G6 Single-Gas, G7 Single-Gas, G7 Multi-Gas and G7 Multi-Gas Pump. It offers various accessories, such as G7 Dock, G7 Bridge, PowerPack and Location Beacon. It serves various industries, such as biotech and pharma, fire and hazmat, oil and gas, petrochemical and others. |
| Financial Overview |
| For the three months ended 31 January 2024, Blackline Safety Corp revenues increased 25% to C$26.3M. Net loss decreased 25% to C$5.8M. Revenues reflect Service segment increase of 28% to C$14.9M, Product segment increase of 21% to C$11.4M, United States segment increase of 29% to C$12.1M, Europe segment increase of 39% to C$6.5M. Lower net loss reflects Product research and development costs decrease of 15% to C$4.7M (expense). |
| Employees: | 496 as of Oct 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $332.76M as of Jan 31, 2024 |
| Annual revenue (TTM): | $105.29M as of Jan 31, 2024 |
| EBITDA (TTM): | -$16.99M as of Jan 31, 2024 |
| Net annual income (TTM): | -$23.65M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$22.77M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $6.52M as of Jan 31, 2024 |
| Shares outstanding: | 72,829,203 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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