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Blackline Safety Reports Record Fiscal First Quarter 2025 Revenue of $37.7 million, up 43%, and EBITDA of $2.1 million
Record Annual Recurring Revenue (1) (“ARR”) of $70.9 million, up 31% year-o...
About this update from Blackline Safety Corp.
[{"type":"text","content":"Blackline Safety Reports Record Fiscal First Quarter 2025 Revenue of $37.7 million, up 43%, and EBITDA of $2.1 million\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth70 { width: 70% }\n \n\n\n\n\n Record Annual Recurring Revenue\n \n\n (1)\n \n\n (“ARR”) of $70.9 million, up 31% year-over-year\n \n\n\n\n 32\n \n nd\n \n consecutive quarter of year-over-year top-line growth\n \n\n Blackline achieves “Rule of 40”\n \n (1)\n \n\n\n Gross Margin improves to 60% in Q1, up 500 basis points year-over-year\n \n\n Net Dollar Retention\n \n (1)\n \n (“NDR”) was 128%, seventh consecutive quarter above 125%\n \n\n\n\n\n\n Blackline Safety Corp.\n \n (“Blackline”, the “Company”, “we” or “our”) (TSX: BLN), a global leader in connected safety technology, today reported its fiscal first quarter financial results for the period ended January 31, 2025.\n \n\n\n Management Commentary\n \n\n\n “Blackline reported another record-breaking quarter, achieving $37.7 million in first quarter revenue, representing a 43% year-over-year increase. This marks our 32nd consecutive quarter of year-over-year revenue growth, reflecting the robust market adoption of our industry-transforming connected safety solutions,” said\n \n Cody Slater\n \n , CEO and Chair, Blackline Safety Corp.\n \n\n The Company has further strengthened its financial position by building on the positive EBITDA\n \n (1)\n \n achieved in Q3 and Q4 of 2024, reporting $2.1 million in EBITDA for the first quarter of 2025. Customer demand for Blackline’s solutions is strong around the world, reinforcing the ability to scale prof...