Safety technology firm Blackline's Q3 revenue misses estimates

Blackline Safety

11/09/2025 12:30

Overview

Blackline Q3 revenue rises 12% yr/yr but misses analyst expectations

Co reports record ARR of C$80.2 mln, up 29% yr/yr

Adjusted EBITDA for Q3 improves 64% yr/yr to C$1.3 mln

Outlook

Company to introduce eight-gas configuration for EXO 8 area monitor

Company notes continued uncertainty in global economic conditions

Result Drivers

SERVICE REVENUE - 27% increase driven by strong demand for connected software services

PRODUCT REVENUE DECLINE - 7% decrease attributed to delayed customer purchase decisions amid trade uncertainties

EXO 8 TRACTION - Continued market adoption of EXO 8 area monitor, especially in Fire & Hazmat sectors

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
C$37.60 mln
C$39.20 mln (6 Analysts)
Q3 EPS
-C$0.04
Q3 Net Income
-C$3.20 mln
Q3 Adjusted EBITDA
C$1.30 mln
Q3 Gross Margin
64.0%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "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 20.6% above its September 10 closing price of C$7.15

The stock recently traded at 341 times the next 12-month earnings vs. a P/E of 1,282 three months ago

Press Release: ID:nBw4snrLka

(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.)