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Blackline Safety Corp.: Blackline Safety Closes Record Year with 42% Increase in Recurring Revenue and $38.4M Overall Revenue
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Key Financial Information
Annual revenue for fiscal 2020 was $38,377 compared to $33,271 in the prior year, an increase of 15%. Service revenue was $25,517, an increase of 42% compared to $17,983 in the year prior. This growth was driven by new and recurring customer renewals of the Company s connected safety monitoring services. Sales of Blackline s connected safety hardware were $12,860 in the year compared to $15,288 for the prior fiscal year.
Fourth quarter revenue was $11,550, an increase of 7% from $10,746 in the comparable quarter of the prior fiscal year with the United States up 14%, being the largest geographic growth region quarter-over-quarter.
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Jan. 11, 2021
OOh!media, an OOH company has hired Cathy O Conner to serve as its new CEO. This is the first new CEO to take over the company since its founding 30 years ago, according to a press release.
O Conner will be taking over from Brendon Cook, who founded the company in the 1980s. Prior to joining oOh!media, O Conner served as CEO for Nova Entertainment Group. It s great to join such a dynamic company, O Conner said in the release. We have strong growth prospects, a robust and evolving business model, and significant investments in data, audience insights, content and creative that will contribute to the next stage of our evolution it s an exciting place to be right now.
Financial recap: The highs, lows, losses and gains of 2020
As we put the year that was 2020 behind us and look towards 2021 with hope and anticipation, the Mumbrella team recaps how some of the most powerful media and advertising companies in Australia fared financially in the past 12 months: the highs, the lows, the gains and the losses.
January 7, 2021 8:43
by MUMBRELLA TEAM
Here, There & Everywhere
Here, There & Everywhere (HT&E) weathered the coronavirus pandemic relatively well and came out the end of 2020 in good shape on the ASX.
Starting the year with a share price of $1.67, the media company whose divisions include broadcast radio and out of home advertising saw its value dip to $1.05 in March and $1.01 in June as the full impact of the pandemic hit advertiser dollars. As of 5 January 2021, HT&E’s share price had recovered to $1.82.
Survival of the fittest: Media s toughest year in decades
Survival of the fittest: Media s toughest year in decades
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The Australian media sector entered 2020 already in a mild state of crisis. With traditional advertising models already smashed by the growth of the digital giants, only the most strategic and well-run players were looking forward to a prosperous year when the smoke of the summer fires started clearing in late January.
Then the COVID-19 pandemic ripped away huge swathes of revenue, forced overnight changes to the way newsrooms and production houses operated, and as the nation plunged into recession every media company made drastic changes to their cost bases and broader business structures. Plans for takeovers and mergers were quickly replaced by capital raisings and restructures for survival.