Bridgeline Stock Price, News & Analysis

Bridgeline Digital (NASDAQ: BLIN) announced that its site search product, Hawksearch, has been selected by Belmetrics, a family-owned auto parts distributor, to enhance their BigCommerce store. Hawksearch's unique features tailored for the automotive industry, such as the ability to filter searches using year, make, model, and VIN, allow for a frictionless buying experience. This endorsement solidifies Bridgeline's position as a key player in the automotive sector, continuing its momentum with major distributors like 1-800-Radiators and Gerrie Electric.

Bridgeline Digital, Inc. (NASDAQ: BLIN), a cloud-based marketing technology software provider, announced on May 26, 2022, that its NLP site search product, Celebros, has been selected by Michael Murphy Sports and Leisure for a multi-year subscription. This win adds to Bridgeline's partnership with AB Commerce and expands its reach within the international sporting goods sector. Celebros utilizes advanced natural language processing to enhance eCommerce search capabilities, ensuring accurate results despite variations in search terms, which is essential for industries with high SKU environments.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has secured two new partnerships with Irish pharmacies, Crowley’s and Ronaghan’s, leveraging its site search software, Celebros, on the AB Commerce platform. This AI-powered tool enhances online search capabilities, particularly for pharmacies with extensive SKUs. The technology utilizes Natural Language Processing (NLP) to improve search accuracy and customer engagement. CEO Ari Kahn reported an average conversion rate increase of 30% for clients, highlighting the software's revenue-enhancing potential.

Bridgeline Digital reported a strong second quarter for fiscal 2022, with total revenue rising by 43% to $4.1 million compared to $2.9 million in the same period last year. Subscription and licenses revenue surged 66% to $3.3 million. The gross profit also increased by 54% to $2.8 million, resulting in a gross margin of 68%. Despite rising operating expenses of $3.4 million, net income reached $0.3 million, a turnaround from a net loss of $0.6 million in the prior year. The company closed 33 license sales, marking a record number of new customers.

Bridgeline Digital, Inc. (NASDAQ: BLIN) is set to release its second quarter fiscal 2022 financial results on May 12, 2022, at 4:30 p.m. ET. The company's President and CEO, Ari Kahn, along with CFO Thomas Windhausen, will host a live conference call to discuss these results. A replay of the call will be available for one week post-event. Bridgeline focuses on enhancing online revenues for companies through its innovative marketing technology platform.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has announced that its Hawksearch product will be implemented by one of the largest privately-owned banks in the U.S. to enhance the website experience for nearly 1 million customers across 80 locations. This decision signals Bridgeline's strong position in the financial sector, which is a growing market for the company. The Hawksearch tool will improve search functionality, navigation, and SEO as the bank revamps its site on the Kentico Xperience platform, enabling better customer engagement and site optimization.

Bridgeline Digital (NASDAQ: BLIN) has been selected by a major European industrial distributor to enhance its online store's site search capabilities. The distributor, with over 30 years in the industry, required a more effective search tool for its extensive inventory of over 100,000 SKUs. Bridgeline’s product stood out due to its natural language processing features and seamless integration with Magento. CEO Ari Kahn noted ongoing growth within the B2B space, particularly in sectors like electrical and automotive. This partnership aims to improve productivity and online sales for the distributor.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has unveiled its new product, the E360 Dashboard, aimed at enhancing eCommerce businesses. The dashboard provides insights into key performance metrics such as traffic, conversion rates, and average order value, aligning with Bridgeline’s eCommerce 360 strategy for revenue growth. It offers actionable recommendations to optimize these dimensions, facilitating customer revenue increase while promoting Bridgeline’s product suite. CEO Ari Kahn expressed excitement about this second product launch of the year, signifying the company's ongoing commitment to innovative solutions.

Bridgeline Digital, Inc. (NASDAQ: BLIN) reported record achievements for its fiscal second quarter ending March 31, 2022, with 33 license sales generating over $650k in annual recurring revenue (ARR). The company experienced significant growth in B2B distribution, automotive, and sports industries, onboarding notable clients like 1-800-Radiators and Converse Asia. Bridgeline's new products, including DataBravo and TruPresence, are driving additional sales, contributing over $100k in ARR this fiscal year. The launch of the E360 Dashboard on March 31 enhances customer engagement by offering vital site metrics.