Safety technology firm Blackline's Q3 revenue misses estimates
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Blackline Safety's Q3 revenue rose 12% year-over-year but fell short of analyst expectations, reporting C$37.6 million against a consensus of C$39.2 million. The company achieved a record annual recurring revenue (ARR) of C$80.2 million, up 29% year-over-year, and improved adjusted EBITDA by 64% to C$1.3 million. Despite strong demand for connected software services, product revenue declined by 7% due to delayed customer purchases amid trade uncertainties. Analysts maintain a "buy" rating, with a median 12-month price target of C$9.00, reflecting a potential upside from its current trading price.
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