Bridgeline Stock Price, News & Analysis

Bridgeline Digital (NASDAQ: BLIN) reported $1.4 million in new sales for Q2 FY2023, including $600,000 in licenses and $800,000 in services. The company secured over $4 million in license renewals from 200 existing customers. Major clients included AstraZeneca and Toyota. Bridgeline also sold 500 subscriptions through its partnership with Duda, enhancing its service offerings. The launch of the 'Bronco' release aims to streamline costs and increase revenue for clients by integrating SEO tools and improving product interoperability. Bridgeline plans to announce its Q2 fiscal results in May.

Bridgeline Digital, Inc. (NASDAQ: BLIN) reported fiscal Q1 2023 results, revealing total revenue of $4.1 million, down from $4.3 million in Q1 2022. Subscription and licenses revenue also declined to $3.2 million from $3.4 million year-over-year. Despite these decreases, Bridgeline secured 22 new SaaS license sales worth over $500,000, with organic growth in search software reaching an 18% CAGR. Gross profit decreased to $2.8 million with a gross margin of 69%. The company reported a net loss of $0.1 million, compared to net income of $1.9 million in the prior year. Bridgeline's partnerships and new product offerings remain key growth drivers.

Bridgeline Digital, Inc. (NASDAQ: BLIN) will announce its financial results for Q1 FY2023 on February 14, 2023, at 4:30 p.m. ET. The earnings call will feature CEO Ari Kahn and CFO Thomas Windhausen, discussing the company's performance and outlook. Participants can register in advance for the conference call to receive dial-in information. Bridgeline Digital provides cloud-based marketing technology, aiming to enhance online revenue through improved traffic and conversion metrics. The company emphasizes the importance of forward-looking statements regarding its financial expectations, risks, and growth potential.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has announced a partnership with Duda, enhancing its WooRank SEO app's accessibility to over 1 million sites. This integration allows more than 20,000 agencies to leverage WooRank's tools for improving SEO performance, content marketing, and social media metrics. Key features include client SEO audits, keyword research, technical SEO analysis, and competitor SEO evaluations. Bridgeline aims to strengthen platform adoption and revenue strategies through this partnership. This collaboration marks a significant advancement in Bridgeline's offerings and its commitment to driving user growth on Duda's platform.

Bridgeline Digital, Inc. (NASDAQ: BLIN) reported a strong start to fiscal Q1 2023, ending December 31, 2022, with 22 SaaS license sales totaling over $0.5 million in contract value. The quarter generated $250,000 in annual recurring revenue and saw significant growth in consulting services, totaling nearly $500,000. Notable customer renewals included brands like Ron Jon and Dairy Queen. The company plans to enhance partnerships and invest in technological advancements, including the HawkSearch Rapid User Interface Framework. Q1 results are expected to be announced in February.

Bridgeline Digital (NASDAQ: BLIN) announced the launch of its eCommerce360 app on the Shopify platform, enabling over 4 million Shopify users to integrate powerful analytics directly into their admin interface. The app serves as a centralized hub for performance data, offering custom reports that track traffic, conversion rates, and average order value, while also providing actionable insights for revenue growth. This development solidifies Bridgeline's ongoing commitment to assisting eCommerce platforms, enhancing its presence alongside existing partnerships with BigCommerce and Salesforce.

Bridgeline Digital (NASDAQ: BLIN) reported a notable 27% increase in FY 2022 revenue, reaching $16.8 million, driven by a 36% growth in subscription and license revenue to $13.6 million. The fourth quarter saw total revenue rise by 3% to $4.2 million, with a gross profit increase of 7% to $3.0 million and a gross margin improvement to 71%. Despite a net loss of $0.5 million for the quarter, compared to a loss of $1.4 million in the prior year, Bridgeline's growth trajectory is supported by new customer acquisitions and partnerships.