Revenue up 51% compared to same quarter, prior year
Calgary, AB — Blackline Safety Corp. (TSX Venture: BLN), a leading manufacturer of connected worker safety monitoring solutions, announced record first quarter revenue in its results for the quarter ended January 31, 2018.
“Blackline continues to see significant revenue growth based on the success in the field of our award-winning connected safety technology,” said Cody Slater, Blackline Safety CEO and Chairman. “No other vendor of wireless gas detection or lone worker systems offers a turnkey solution with 3G connectivity, voice calling and plug-and-play cartridges as offered by our G7 product line.”
“During the quarter, we launched a range of new sensors to address new customer scenarios and completed development of a major firmware update for the G7. This new firmware will enable users to choose their preferred language for the G7 interface, including English, French, Spanish, German, Italian and Dutch,” said Slater. “This capability will provide additional support for our growth in the European market where this quarter we saw a 245% increase in revenue over last year.”
Slater stated, “Traditional gas detectors require every single detector to be removed from the field and handled individually to update their firmware, resulting in a labor and logistics-intensive program. In contrast, when we deploy new G7 firmware updates wirelessly ‘over-the-air.’ There’s zero impact on end users, further demonstrating the value of our connected technology for businesses.”
“The full G7 product line, which started shipping only last quarter, targets a wide variety of industries — from the energy sector to petrochemical, utilities, manufacturing and many others,” said Slater. “Already, we are seeing the results of the launch of the G7 with product revenue up over 80%, as more customers throughout this range of industries recognize the value of our revolutionary G7 connected safety product.”
Höhepunkte
- Total revenue of $3.8M, a 51% increase over the prior year’s Q1
- Product revenue of $1.5M, an 83% increase over the prior year’s Q1
- Service revenue of $2.3M, a 36% increase over the prior year’s Q1
- European revenue of $701k, a 245% increase over the prior year’s Q1
- Contracted future service revenue grew to $4.5M, a 34% increase over the prior year’s Q1
- Blackline launched new gas sensors and G7 device firmware with multi-language support
- Blackline Safety bei den Oil & Gas Awards zum Hersteller des Jahres gekürt
Die nachfolgenden Werte in dieser Pressemitteilung sind in Tausend angegeben, mit Ausnahme von Prozentsätzen und Daten pro Aktie.
Finanzielle Highlights
| Quartal zum 31. Januar | |||
| 2018 | 2017 | Änderung | |
| Einnahmen | $3,803 | $2,515 | 51% |
| Bruttomarge | $1,693 | $1,251 | 35% |
| Bruttomarge in Prozent | 45% | 50% | (10)% |
| Nettoverlust | ($1,604) | (2.065 $) | 22% |
| Net Loss excluding stock-based compensation expense | ($1,501) | ($1,481) | (1)% |
| Bereinigtes EBITDA | ($136) | ($191) | 29% |
| Verlust pro Aktie | (0,05 $) | (0,07 $) | 29% |
Wichtige Finanzinformationen
First quarter revenue was $3,803 compared to $2,515 in the comparable quarter of the prior fiscal year, resulting in an increase of 51% or $1,288.
Product revenue during the first quarter was $1,465, an increase of 83% compared to $802 in the comparable quarter of the prior fiscal year. This increase was driven by shipments of Blackline’s G7c and G7x products in the period, particularly in Europe with an increase of 245% in total revenues in this region.
Service revenue was $2,338, an increase of 36% compared to $1,714 in the same period last year, attributed to new service activations by end customers from the continued solid growth in product sales and adoption of the Blackline Complete leasing program.
Contracted future service revenue, representing the value of future Blackline Complete lease commitments, was $4,510 as at January 31, 2018, an increase of 34% from Q1 FY2017.
Gross margin for the first quarter was $1,693 compared to $1,251 in the comparable quarter of the prior year, an increase of 35% over the comparable period from the prior year.
Adjusted EBITDA was $(136) for the first quarter compared to $(191) in the comparable quarter of the prior year. The improvement in the Adjusted EBITDA in the quarter is attributable to an increase in revenues and gross margin quarter-over-quarter.
Blackline’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis on financial condition and results of operations for the period ended January 31, 2018 are available at www.sedar.com. All results are reported in Canadian dollars. To learn more about Blackline Safety, visit www.blacklinesafety.com and follow Blackline on Twitter @blacklinesafety.
Über Blackline Safety:Blackline Safety ist ein weltweit führender Anbieter von vernetzten Sicherheitstechnologien. Mit umfassenden Live-Überwachungs- und drahtlosen Gasdetektionssystemen helfen wir Teams, die in gefährlichen Umgebungen arbeiten, in Echtzeit auf Notfälle zu reagieren und effiziente Evakuierungen durchzuführen, wobei wir für die Sicherheit aller Beteiligten sorgen. Mit Millioneninvestitionen in Technologieforschung und -entwicklung ist Blackline Safety für Qualität und Innovation bekannt. Unser talentiertes Team aus Designern und Ingenieuren entwickelt und produziert alles im eigenen Haus – von tragbarer Technologie und persönlichen Gasdetektoren bis hin zu cloudbasierter Infrastruktur und webbasierten Schnittstellen für die globale Industrie. Wir bieten die weltweit erste schlüsselfertige, überall einsetzbare vernetzte Sicherheitsüberwachungslösung mit Gasdetektion, 3G-Funk, Satellitenkommunikation, Zwei-Wege-Freisprecheinrichtung, Mitarbeiter-Messaging und Live-Überwachung, um den hohen Sicherheitsanforderungen von Unternehmen in über 200 Ländern gerecht zu werden. Weitere Informationen finden Sie unterwww.BlacklineSafety.com.
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