08:07 AM EDT, 09/11/2024 (MT Newswires) -- Blackline Safety ( BLKLF ) said Wednesday that its net loss for third quarter narrowed as the company booked record revenue.

For the three months ended July 31, the company posted a net loss of $2.5 million, or $0.03 per share, compared with a loss of $6.8 million, or $0.09 per share.

Analysts polled by S&P Capital IQ forecast Blackline's normalized loss at $0.04 per share.

Revenue jumped 36% to $33.7 million while adjusted EBITDA totaled $810,000 compared to an adjusted EBITDA loss of $3.8 million.

"The [revenue] reported this quarter is actually more revenue than we generated in the entire fiscal 2019, demonstrating the strong market acceptance of our connected worker solutions," CEO and Chair Cody Slater said. "Topline growth has been the story all along for Blackline but achieving positive EBITDA demonstrates that the company is now truly reaching scale, and we have barely scratched the surface of what we can accomplish."