Blackline Safety Places No. 145 on The Globe and Mail’s Canada’s Top Growing Companies 2020 Ranking
September 29 2020 - 8:17AM
Business Wire
Blackline’s impressive three-year revenue growth places it as
the fastest-growing Calgary based public company on the list
Blackline Safety Corp. (TSX.V: BLN), a global leader of gas
detection and connected safety solutions, has been ranked No. 145
on the 2020 Report on Business ranking of Canada’s Top Growing
Companies, which ranks Canadian companies on three-year revenue
growth. Blackline achieved its rank on Canada’s Top Growing
Companies list, which is produced by one of Canada’s foremost news
media company The Globe and Mail, with three-year revenue growth of
316%.
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Blackline Safety places No. 145 on
Canada’s Top Growing Companies ranking (Photo: Business Wire)
“The stories of Canada’s Top Growing Companies are worth telling
at any time, but are especially relevant in the wake of COVID-19
pandemic,” says James Cowan, Editor of Report on Business magazine.
“As businesses work to rebuild the economy, their resilience and
innovation make for essential reading.”
“Our steady growth in cloud-connected safety technology over the
last several years reflects the strength of our team, our revenue
model and the value we bring to our customers across the world,”
said Cody Slater, CEO and Chairman of Blackline Safety. “As our
global communities continue to face challenges caused by COVID-19,
we are committed to helping our customers navigate new and emerging
workplace safety concerns. Despite the impacts of the pandemic, we
continue to see growth resulting from our innovative products and
services and plan to leverage our strong market position to further
expand into connected worker technologies and data science.”
Just last week, Blackline announced record third quarter revenue
of $9.4M for the quarter ended July 31, 2020. The company’s
continued growth in total revenue was driven by recurring serve
revenue, which jumped 44% over the prior year’s quarter.
Additionally, Blackline announced earlier this month the closing of
a bought deal private placement for gross proceeds of $36M. This
capital will propel the company into its next phase of growth with
investments into new core products, its cloud-based platform and
its Blackline Vision Data Science offering, among other
initiatives.
“Any business leader seeking inspiration should look no further
than the 400 businesses on this year’s Report on Business ranking
of Canada’s Top Growing Companies,” says Phillip Crawley, Publisher
and CEO of The Globe and Mail. “Their growth helps to make Canada a
better place, and we are proud to bring their stories to our
readers.”
Alongside other Canada’s Top Growing Companies award winners,
Blackline will be featured in the October print Issue of Report on
Business and online at www.tgam.ca/TopGrowing. To learn about
Blackline Safety and its portfolio of connected safety solutions,
visit www.blacklinesafety.com.
About Blackline Safety: Blackline Safety is a global
connected safety leader that helps to ensure every worker gets
their job done and returns home safe each day. Blackline provides
wearable safety technology, personal and area gas monitoring,
cloud-connected software and data analytics to meet demanding
safety challenges and increase productivity of organizations in
more than 100 countries. Blackline Safety wearables provide a
lifeline to tens of thousands of men and women, having reported
over 100 billion data-points and initiated over five million
emergency responses. Armed with cellular and satellite
connectivity, we ensure that help is never too far away. For more
information, visit BlacklineSafety.com and connect with us on
Facebook, Twitter, LinkedIn and Instagram.
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Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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MEDIA Heather Houston hhouston@daltonagency.com
Telephone: +1 904 398 5222 Cell phone: +1 386 216 9472
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