Blackline Safety First Quarter 2023 Earnings: CA$0.11 loss per share (vs CA$0.21 loss in 1Q 2022)

Blackline Safety (TSE:BLN) First Quarter 2023 Results

Key Financial Results

• Revenue: CA$21.0m (up 34% from 1Q 2022).
• Net loss: CA$7.69m (loss narrowed by 40% from 1Q 2022).
• CA$0.11 loss per share (improved from CA$0.21 loss in 1Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blackline Safety Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Commercial Services industry in Canada.

Performance of the Canadian Commercial Services industry.

The company's shares are up 9.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Blackline Safety (1 makes us a bit uncomfortable!) that you should be aware of.

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