We feel now is a pretty good time to analyse Blackline Safety Corp.'s (TSE:BLN) business as it appears the company may be on the cusp of a considerable accomplishment. Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. With the latest financial year loss of CA$26m and a trailing-twelve-month loss of CA$17m, the CA$412m market-cap company alleviated its loss by moving closer towards its target of breakeven. The most pressing concern for investors is Blackline Safety's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts’ expectations for the company.

Check out our latest analysis for Blackline Safety

According to the 8 industry analysts covering Blackline Safety, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of CA$6.9m in 2025. So, the company is predicted to breakeven just over a year from today. How fast will the company have to grow each year in order to reach the breakeven point by 2025? Working backwards from analyst estimates, it turns out that they expect the company to grow 162% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

We're not going to go through company-specific developments for Blackline Safety given that this is a high-level summary, but, bear in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

Before we wrap up, there’s one aspect worth mentioning. The company has managed its capital prudently, with debt making up 31% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company.

Next Steps:

There are key fundamentals of Blackline Safety which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Blackline Safety, take a look at Blackline Safety's company page on Simply Wall St. We've also put together a list of key aspects you should look at:

1. Valuation: What is Blackline Safety worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Blackline Safety is currently mispriced by the market.

2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Blackline Safety’s board and the CEO’s background.

3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.