Bridgeline Stock Price, News & Analysis

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.

Bridgeline Digital (NASDAQ: BLIN) reports a new partnership success with Optimizely as a leading wholesale distributor has acquired a $40,000 Hawksearch license. This collaboration enhances eCommerce capabilities through a newly integrated third-party site search on the Optimizely platform. Since their partnership began in November 2021, they have focused on maximizing conversion and order value in B2B environments. The integration streamlines onboarding for Optimizely users and positions Hawksearch as a leader in complex B2B search solutions, driving growth for their clients' online revenue.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced that a major Asian lifestyle retailer has chosen its site search technology for a new eCommerce platform, marking its third international partnership with sports retailers in six months. This retailer operates over 250 locations and is a leader in the industry with 2,600 stores and 150 brands. Bridgeline's software, featuring advanced NLP capabilities, will enhance the site's conversion strategy by improving search functionalities. CEO Ari Kahn emphasized the firm's commitment to customer success as a primary factor in this partnership.