Bridgeline Stock Price, News & Analysis

Bridgeline Digital, Inc. (NASDAQ: BLIN) reported a strong fourth quarter for fiscal 2022, ending September 30, with 28 SaaS license sales totaling over $1 million in contract value and $340,000 in annual recurring revenue. The company excelled in cross-selling, gaining 13 sales from existing customers and 15 from new clients. More than 100 customers renewed subscriptions, contributing to over 80% of revenue from subscriptions. Bridgeline plans to expand its executive team in 2023 and intends to release full fiscal year results in December.

Bridgeline Digital, Inc. (NASDAQ: BLIN) reported a strong fiscal third quarter ended June 30, 2022, with total revenue increasing by 22% to $4.2 million compared to $3.4 million in the prior year. Subscription and licenses revenue rose 29% to $3.4 million, driven by growth in the Hawksearch platform. Gross profit also increased 30% to $2.9 million, resulting in a gross margin of 70%. Year-to-date revenue grew 38% to $12.6 million. Notably, net income for the quarter was $0.4 million, a significant turnaround from a $3.6 million loss in the same quarter last year.

Bridgeline Digital, Inc. (NASDAQ: BLIN) will release its financial results for the third quarter of fiscal 2022 on August 11, 2022, at 4:30 p.m. ET. CEO Ari Kahn and CFO Thomas Windhausen will host a conference call on the same date to discuss the results. Registration for the call is recommended and can be done through a provided link. Bridgeline focuses on enhancing online revenues through its marketing technology software.

Bridgeline Digital (NASDAQ: BLIN) has launched its Hawksearch solution on Procon Products' website, enhancing the shopping experience for over 10,000 products. This AI-driven site search and recommendation system is expected to boost revenue growth by providing sophisticated search capabilities, including language and measurement conversion. Procon Products, a global pump manufacturer, aims to streamline customer interactions and improve average order value with Hawksearch, recognized for its role in revenue growth across various industries.

Bridgeline Digital's SaaS marketing tool, TruPresence, has been selected by a global auto services provider to enhance digital marketing for its US franchises. With over 1,000 locations, the provider aims to leverage TruPresence's SEO auditing suite to boost local visibility and brand awareness. The suite utilizes proprietary algorithms for better digital presence evaluation, ultimately converting online customers to physical store visits. Upcoming plans include releasing industry indexes for competitive benchmarking.

Bridgeline Digital (NASDAQ: BLIN) announced that its AI-driven search tool, Celebros, will power PharmaDirect's on-site search across the AB Commerce platform. This collaboration aims to enhance user experience by accurately understanding searcher intent and delivering relevant results swiftly. Celebros will offer personalized experiences and optimize performance with indexed product data, supporting revenue growth for PharmaDirect's extensive product catalog. Bridgeline serves multiple pharmacies, positioning itself as a key player in the pharmaceutical digital space.

Bridgeline Digital, Inc. (NASDAQ: BLIN) reported a strong fiscal Q3 2022, closing 23 license sales totaling over $690K in ARR. The company’s cross-selling strategy proved effective, with 11 sales to existing customers. Significant growth was seen in sectors like hardware and finance, with notable clients including Federal Credit Union. Renewals generated $1.7 million in Total Contract Value, including clients like Bristol Meyers Squibb. Bridgeline also optimized costs by negotiating a $600K discount on their Hawksearch earnout payment, indicating a solid operational performance.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced that SAGE Publishing has chosen their Hawksearch product for powering its online stores, including Corwin Press. This selection comes amidst SAGE's migration to Sitefinity with BigCommerce for eCommerce solutions. Hawksearch will index SAGE’s extensive product database, enhancing customer experience through personalized recommendations. This marks a significant win for Bridgeline, highlighting their growing partnerships with BigCommerce and Sitefinity, adding notable clients such as RDO Equipment and Hexion.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announces a multi-year agreement with a Federal Credit Union for its Unbound product, enhancing the credit union's digital infrastructure and managed hosting service. As a long-term partner, the credit union values Unbound's ability to improve customer experience and reduce system errors through its checks and balances protocol. CEO Ari Kahn expresses enthusiasm for continued collaboration and the growth of their digital presence.