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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Blackline Safety Corp.    BLN   CA0923821007


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Blackline Safety : Ranked 321 Fastest-Growing Company in North America on Deloitte's 2020 Technology Fast 500™

11/18/2020 | 09:18am EST

Strong recurring services and proven cloud-connected safety technology place Blackline on Deloitte’s Technology Fast 500 for second time with 315% revenue growth

Blackline Safety Corp. (TSX.V: BLN), a global leader of cloud-connected safety and gas detection solutions, has ranked number 321 on Deloitte’s 2020 Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. Blackline was recognized for its rapid revenue growth of 315% from 2016 to 2019.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201118005358/en/

Blackline Safety is a leader in cloud-connected safety wearables for industrial applications (Photo: Business Wire)

Blackline Safety is a leader in cloud-connected safety wearables for industrial applications (Photo: Business Wire)

Blackline’s growth is credited to increased market adoption of its G7 connected safety wearables and cloud services. G7 has set a new standard for keeping workers safe in the industrial workplace with tens of thousands of employees using G7 devices in over 50 countries. G7 products feature integrated communications, gas detection, two-way voice calling, location technology and push-to-talk that works like a walkie-talkie. Businesses around the world are underway with digital transformation and Blackline’s G7 wearables stream data to the Blackline Cloud, empowering businesses with advanced insights and helping them improve safety, efficiency and quality.

“It’s our vision at Blackline to transform the industrial workplace through connected safety technology, and our dedicated teams are making that vision a reality through their unwavering resilience, leadership and commitment to innovation,” said Cody Slater, CEO and Chairman of Blackline Safety. “Our growth and position as a leader in connected worker technology underscores our ability to meet the needs of every customer and scenario, ensuring that workers have the technology they need to get the job done and return home safe.”

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity and a never-ending commitment to making technology advancements possible.”

Blackline previously ranked 431 as a Technology Fast 500 award winner for 2018.

About Deloitte’s 2020 Technology Fast 500: Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 100 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

© Business Wire 2020
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Sales 2020 36,7 M 28,9 M 28,9 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 469 M 369 M 368 M
Capi. / Sales 2020 12,8x
Capi. / Sales 2021 7,07x
Nbr of Employees 16
Free-Float 69,3%
Duration : Period :
Blackline Safety Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Mean consensus BUY
Number of Analysts 3
Average target price 10,00 CAD
Last Close Price 8,63 CAD
Spread / Highest target 15,9%
Spread / Average Target 15,9%
Spread / Lowest Target 15,9%
Managers and Directors
Cody Z. Slater Chairman & Chief Executive Officer
Kevin Meyers Chief Operating Officer
Shane Grennan Chief Financial Officer
Brendon Cook Chief Technology & Partnership Officer
Michael F. Hayduk Independent Director
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