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Blackline Safety Q2 Loss Narrows as Revenue Rises
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Blackline Safety Q2 Loss Narrows as Revenue Rises
Jun 13, 2024 5:29 AM

08:07 AM EDT, 06/13/2024 (MT Newswires) -- Blackline Safety's ( BLKLF ) second quarter loss narrowed by more than a third as revenue climbed.

The company on Thursday reported a fiscal second-quarter net loss of $4.3 million, or $0.06 per share, narrower than a loss of $6.6 million, or $0.09 per share, a year earlier. Revenue for the quarter ended April 30 was $31.6 million, up 31% from $24.1 million a year earlier.

Total revenue for each geographical market increased with the Europe leading with 69% growth. Canada rose 34%, the U.S. 20% and the rest of the world 3%.

Th adjusted Ebitda loss for fiscal Q2 was $2 million, 55% narrower than a loss of $4.5 million a year ago. Gross profit for the quarter was $18 million, up 44% from $12.5 million a year earlier.

Blackline Safety ( BLKLF ) designs, develops, and manufactures employee safety monitoring technology.

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