Blackline Safety Corp.

Welcome to Blackline Safety's third quarter results conference call. The conference is being recorded. I would now like to turn the conference over to Jason Zandberg, Director of IR. Please go ahead.

Welcome, and thank you for joining us. On this call today, we will be discussing our fiscal results for the third quarter ending July 31st, 2025, which were released earlier this morning. With me today is Cody Slater, CEO and Chair of Blackline Safety Corp. Blackline CFO, Robin Coyman, and Sean Stinson, President and Chief Growth Officer. I will turn the call over to Cody for an overview of our third quarter results. Robin will then discuss the financial highlights before turning the call back to Cody for closing remarks. I'd like to remind everyone that an archive of this webcast will be made available on the investor section of our website. I would like to note that some of the information discussed in this call is based on information as of today and contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those set forth in these statements. For discussion of these risks and uncertainties, please review the forward-looking statement disclosure in the earnings news release, as well as the company's CDERplus filings. During this call, there will be a discussion of IFRS results, non-GAAP financial measures, non-GAAP ratios, and supplementary financial measures. A reconciliation between IFRS results and non-GAAP financial measures is available in the company's earnings news release and MD&A, both of which can be found on our website, blacklinesafety.com, and on CDAR+. All dollar amounts are reported in Canadian dollars unless otherwise noted. With that, I will now hand the call over to Mr. Slater.

Thank you, Jason. Good morning, everyone, and welcome to Black Line Safety's third quarter 2025 conference call. I'm pleased to report record Q3 results as we extend our streak to 34 consecutive quarters of year-over-year revenue growth. In the third quarter, revenue reached $37.6 million, up 12% from last year, and our adjusted EBITDA was $1.3 million compared to $0.8 million a year ago. Looking at the first nine months of fiscal 2025, revenue was $111.2 million, up 21%, and adjusted EBITDA was $3.9 million, compared to a negative adjusted EBITDA of $4.5 million from the same period in the prior year. This performance demonstrates that Blackline has firmly entered a phase of sustainable profitability. We're especially proud of the continued strength of our annual recurring revenue, which surpassed $80 million this quarter, up 29% from the prior year. A strong recurring SaaS revenue base is a cornerstone of our business model, providing both visibility and stability as we continue to scale. Another key performance metric for us is net dollar retention, which came in at 128% in Q3. This marks the ninth consecutive quarter above 125%, demonstrating the enduring value our customers see in Blackline's connected safety solutions and the consistent expansion of their deployments over time. On a trailing 12-month basis, our gross margin reached 62% and has increased every quarter for the past 13 quarters. These improvements reflect both the operating efficiencies we've built into the business and the benefits of greater scale as our customer base and service revenues expand. Last year at this time, we introduced our XO8 Area Monitor, and over the past 12 months, we've expanded the platform with new configurations, including gamma radiation detection. XO8 successfully replaced our previous generation XO Area Monitor, and it has opened up new addressable markets, such as homeland security, while also accelerating growth in markets like fire and hazmat and emergency response. Last week, the XO8 Portable Area Monitor won two New Product of the Year awards from Occupational Health and Safety. In total, the XO8 has won seven product awards in the last year, including the internationally renowned Red Dot Design Award and the Preventica Paris Innovation Award. With seven major awards and growing interest in adoption, XO8 is cementing its leadership in the advancement of worker and public safety. I'm also pleased to highlight a recent major milestone in our international growth strategy. In late August, Blackline announced a multi-year purchase agreement with Adnok, one of the world's leading energy producers, for up to 28,000 of our connected safety devices and associated services. This agreement expands Blackline Safety's footprint in the Middle East and demonstrates how leading global enterprises are choosing our technology to safeguard their frontline workers while driving operational excellence. I'll now invite our CFO, Robin Korman, to take you through the financial results and key drivers for the quarter.