Blackline erzielt Rekordumsatz im ersten Quartal und positiven Cashflow aus laufender Geschäftstätigkeit

CALGARY, ALBERTA--(Marketwired - March 10, 2015) - Blackline GPS Corp. (TSX VENTURE:BLN) ("Blackline" or the "Company"), a manufacturer of employee safety monitoring and portable tracking solutions, today announced results for the first quarter, ended January 31, 2015.

Q1 Highlights

• Generated $378k of cash from operating activities, an improvement of almost $1 million over Q1 of the prior year
• Achieved record Q1 revenue of $1.7 million, 2.5 times more than Q1 of the prior year
• Achieved record gross margin of $822k, also 2.5 times more than Q1 of the prior year
• European sales grew to 6% in the quarter compared to 0.5% attained in Q1 of the prior year

"During the first quarter, Blackline increased its employee safety monitoring customer base with success that spanned a broad cross-section of industries," says Cody Slater, CEO and Chairman of Blackline GPS. "This is our third straight quarter of double digit growth and second straight quarter where revenue and gross margin improved more than two-fold compared to the prior year." He added, "The last two quarters have been transformational for the Company as it continues on its path to become the world's leading safety monitoring vendor."

Finanzielle Highlights

Wichtige Finanzinformationen

During the quarter, Blackline produced $378k in cash from operating activities. After the Company invested in long term assets and paid down portions of its Tecterra loan, the Company still increased its cash and cash equivalents by $68k. This result stemmed from safety monitoring equipment orders in late Q4 FY2014 and Q1 FY2015 that included service plans with a one year term, or greater.

Revenue grew by 153%, reaching a record level of $1.7 million in the first quarter, primarily driven by sales of the Loner Bridge system that launched in Q4 of FY2014. European sales were driven by Blackline's new subsidiary located in the United Kingdom, focused upon the UK, Europe, Middle East, and Africa regions. Increased sales from other safety solutions through the quarter also helped to achieve this level of sales growth.

Gross margin progressed alongside revenue to a quarterly record of $822k. This was the primary contributor to the improved adjusted EBITDA and reduced net loss. Although the Company has increased its sales, operations, and development expenses, the gross margin grew at a faster pace, resulting in record adjusted EBITDA performance.

Blackline's unaudited condensed consolidated interim financial statements and management's discussion and analysis for the quarter ended January 31, 2015 are available at www.sedar.com. All results are reported in Canadian dollars.

Über Blackline: Blackline GPS Corp. (TSX VENTURE:BLN) ist ein führender Anbieter von drahtlosen Ortungslösungen, der Produkte und Dienstleistungen für die Überwachung der Arbeitssicherheit und tragbare Business-Tracking-Anwendungen entwickelt, herstellt und vermarktet. Die Lösungen von Blackline bieten Sicherheit und Standortbestimmung durch innovative drahtlose Hardware und benutzerdefinierte Benutzeroberflächen, darunter Mobil-, Messaging- und Webdienste. Blackline hat sich zum Ziel gesetzt, weltweit der führende Anbieter von drahtlos verbundenen Produkten für die Überwachung der Arbeitssicherheit und die mobile Geschäftsverfolgung zu werden. Mit den Produkten von Blackline können Kunden ihr Personal und ihre wertvollen Vermögenswerte schützen, Informationen über ihre Umgebung austauschen und bei Bedarf Notdienste kontaktieren. Die Lösungen von Blackline schützen, verbinden und tauschen Informationen aus.®

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