Blackline Safety is in a Breakout Pattern

    Blackline Safety is a junior technology leader and it released it's second quarter results on June 27.Blackline (BLN) paints a fairly rosy picture.Quarterly revenues have doubled from Q2 in 2018;they were $8.2 million in 2019 for a whopping118% increase over 2018.Cash and short term investments stood at $34 million.Although they still incurred a $4.8 million loss versus a $4.5 million loss in 2018.But importantly adjusted EBITDA was $253,000 for Q2  versus a $104,000 loss in 2018 and for 6 months it was $286,000 versus a $239,000 loss in 2018.A 343% gain for the quarter and a 220% increase for the first half.
       New Products and New Revenues
   Like in the picture above BLN has room to grow with it's present stable of products;some of which are newly acquired.This blog has given several good leads to BLN on my Site123.com website.Details are available  for several dates on Site123.com.It is clear that Blackline has substantial cash on hand and a strong capital structure that has allowed accretive investments.Further revenue increases are expected throughout 2019 from these solid investments.                       

      Blackline Safety has a Special Niche
    BLN is a very well managed company and is seen by this blog as poised for new acquisitions.It's recent growth spurt has been caused by products from it's recent acquisitions.But BLN has a special niche and special products.This niche has less competition than does many junior technology companies.And this blog ( see the picture above) has another small acquisition lined up;this will be in the business of wireless transmissions to employees and wireless security similar to BLN's present business and should fit in well.If this new acquisition gets tucked in and is accretive to  EBITDA then look for Blackline Safety to be in the high $6 range by yearend.         https://www.zacks.com/  https://www.omers.com/