Canada's Blackline Safety Q4 revenue misses estimates

Blackline Safety

15/01/2026 12:28

Overview

Connected safety firm's Q4 revenue missed analyst expectations

Company achieved sixth consecutive quarter of positive Adjusted EBITDA

Company launched G8 connected safety wearable, shipments start February 2026

Outlook

Blackline Safety expects initial G8 shipments to begin in February 2026

Result Drivers

SERVICE REVENUE GROWTH - Service revenue increased 30% year-over-year, driven by strong demand in industrial turnaround and maintenance markets

GROSS MARGIN IMPROVEMENT - Gross margin improved to 67% in Q4, reflecting favorable service mix and operating leverage

PRODUCT REVENUE DECLINE - Product revenue declined 14% in Q4 due to global trade uncertainties and U.S. government shutdown impacting purchase timing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$39.30 mln
C$41.47 mln (7 Analysts)
Q4 EPS
-C$0.01
Q4 Net Income
-C$620,000
Q4 Adjusted EBITDA
C$2.20 mln
Q4 Gross Margin
67.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Blackline Safety Corp is C$9.00, about 26.8% above its January 14 closing price of C$7.10

The stock recently traded at 187 times the next 12-month earnings vs. a P/E of 180 three months ago

Press Release: ID:nBw4pPzQCa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)