---
title: "Safety technology firm Blackline's Q3 revenue misses estimates"
description: "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 recur"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/256911897.md"
published_at: "2025-09-11T11:30:25.000Z"
---

# Safety technology firm Blackline's Q3 revenue misses estimates

> 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.

)

Overview

-   Blackline Q3 revenue rises 12% yr/yr but misses analyst expectations
-   Co reports record ARR of C$80.2 mln, up 29% yr/yr
-   Adjusted EBITDA for Q3 improves 64% yr/yr to C$1.3 mln

Outlook

-   Company to introduce eight-gas configuration for EXO 8 area monitor
-   Company notes continued uncertainty in global economic conditions

Result Drivers

-   SERVICE REVENUE - 27% increase driven by strong demand for connected software services
-   PRODUCT REVENUE DECLINE - 7% decrease attributed to delayed customer purchase decisions amid trade uncertainties
-   EXO 8 TRACTION - Continued market adoption of EXO 8 area monitor, especially in Fire & Hazmat sectors

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$37.60 C$39.20

Revenue mln mln (6

Analysts

)

### Q3 EPS -C$0.04

Q3 Net -C$3.20

Income mln

### Q3 C$1.30

Adjusted mln

### EBITDA

Q3 Gross 64.0%

Margin

Analyst Coverage

-   The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 7 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the communications & networking peer group is “buy”
-   Wall Street’s median 12-month price target for Blackline Safety Corp is C$9.00, about 20.6% above its September 10 closing price of C$7.15
-   The stock recently traded at 341 times the next 12-month earnings vs. a P/E of 1,282 three months ago

Press Release: (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.