The Globe and Mail reports in its Friday, Jan. 16, edition that Ventum Capital Markets analyst Amr Ezzat has reaffirmed his "buy" recommendation for Blackline Safety. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ezzat gave his share target a 50-cent trim to $8.25. Analysts on average target the shares at $9. Mr. Ezzat says in a note: "Blackline closed out the year with record ARR of $84.5-million, positive adjusted EBITDA for the sixth straight quarter, and tangible progress toward a platform-driven model as G8 approaches commercial launch and ADNOC momentum continues to build. Services once again did the heavy lifting, up 30 per cent year-over-year with gross margins expanding to 67 per cent, driving EBITDA to $2.2-million and a clear beat versus expectations. That said, product revenues were the weak point in the quarter at $13.8-million, down 14.4 per cent year-over-year and below what we would normally expect in the seasonally strongest period. Management attributed this to a combination of delayed fire and hazmat orders tied to the U.S. government shutdown, elongated refresh cycles and ongoing macro caution. We continue to view Blackline as a long-term platform compounder."