08:46 AM EDT, 03/14/2024 (MT Newswires) -- Blackline Safety Corp. ( BLKLF ) , a global player in connected safety technology, on Thursday reported a fiscal first-quarter net loss of $5.8 million, or $0.08 per share, narrower than a loss of $7.7 million, or $0.11 per share, a year earlier.

Net loss declined because of an increase in gross profit and decreases in product research and development costs, the company said.

Revenue for the quarter ended Jan. 31, 2024, was $26.3 million, up from $21 million a year earlier.

Adjusted EBITDA loss for fiscal Q1 was $3.2 million, narrower than a loss of $6.2 million a year ago.