Blackline Safety (TSE:BLN) has released an update.
Blackline Safety Corp. announced strong fiscal first quarter 2024 results with a 25% increase in revenue to $26.3 million and a 40% year-over-year growth in gross profit. The company achieved a 28th consecutive quarter of revenue growth, marking a 37% increase in annual recurring revenue and improving their adjusted EBITDA loss by 48%. This performance highlights the company’s robust financial health and the growing customer value seen in their connected safety solutions.
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