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

Simply Wall St

March 18, 2023

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).

earnings-and-revenue-history — TSX:BLN Earnings and Revenue History March 18th 2023

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.

Valuation is complex, but we're here to simplify it.

Discover if Blackline Safety might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.