- Revenue: C$33.7 million, a 36% increase year-over-year, surpassing the estimate of C$31.9 million.
- Gross Margin: 59%, compared to 54% year-over-year, beating the estimate of 58.2%.
- Adjusted EBITDA: C$0.81 million, an improvement from a loss of C$3.76 million year-over-year, and better than the estimated loss of C$1.12 million.
- Loss Per Share: C$0.030, improving from a loss of C$0.090 per share year-over-year, and matching the estimated loss per share of C$0.03.
- Product Revenue: C$15.5 million, a 38% increase year-over-year.
- Service Revenue: C$18.2 million, a 34% increase year-over-year.
- Analyst Ratings: 8 buys, 1 hold, and 0 sells.
Blackline Safety on Smartkarma
Analyst coverage of Blackline Safety on Smartkarma reveals bullish sentiment from Value Investors Club. The research report, published by an unnamed author, highlights the company’s management experience in the industry as a key driver for future success. It projects a significant 100% upside potential over the next 3 years through revenue growth and margin improvement. Blackline Safety, a provider of gas detection and safety monitoring services, is viewed as undervalued at 2.3x NTM sales. Transitioning from hardware to Software as a Service (SaaS) is anticipated to potentially double the company’s value within the same timeframe. The report, dated 3 months ago, underscores the optimism surrounding Blackline Safety’s outlook.
A look at Blackline Safety Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.6 |
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 a company that focuses on safety monitoring technology products, catering to customers globally. According to Smartkarma Smart Scores, the company has a mixed long-term outlook. While scoring high in momentum, indicating a strong performance trend, Blackline Safety ranks lower in value and dividend scores. This suggests that the company may have exciting growth potential but might not be an attractive option for value or dividend-oriented investors. With a moderate growth score and resilience score, Blackline Safety seems positioned for steady expansion despite facing some challenges in terms of valuation and dividend distribution.
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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