Business Profile
Blackline Safety is in the business of digital safety monitoring.This is particularly useful in industrial settings when employees work alone or in dangerous activities.It combines digital monitoring with GPS systems.It made one or two small acquisitions in 2018 and 2019.Consequently revenues increased from $12 million in 2017 to $33 million in 2019.This blog expects revenues to hit $35-$40 million in 2020.But there still is no earnings from their endeavours.I made a blog on another website called Blogdaleupsome on the Google Blogger website(date 01/03/2019) which made this prediction."Look for BLN to hit $5.50 to $5.75 this year and maybe $6.00 with a small acquisition."But BLN did not make the small acquisition and it has been hovering around $5.75 per share.
A Likely Dance Partner
The dance partner proposed for Blackline Safety is called Awesense.It is a Canadian small technology company that does energy monitoring,geospatial data and the internet of things.Revenues are not available but it is not listed on a stock exchange-even the TSX Venture exchange.This blog believes that BLN is in too small a niche now and this merger would open up another market or two to it.Blackline does some geospatial data analysis now and this would increase their market.Also it should be not too big a jump to go from digital safety monitoring to energy monitoring.Here is where BLN might cross another revenue threshold.This blog will try to set up a meeting(on Website123.com) of the two partners to see if they want to dance or not. Investors should look at the possible combination of these two small caps as a chance to see future stock gains perhaps up to $7.00-$7.50 for BLN.
