Bridgeline Stock Price, News & Analysis

Bridgeline Digital (NASDAQ: BLIN) announced on March 22, 2022, that its site search product, Hawksearch, has been selected by a global biotech distributor to enhance online sales. The distributor purchased a 5-year subscription after witnessing Hawksearch's effectiveness in increasing revenue for other businesses in the electrical, medical, and automotive sectors. Hawksearch utilizes advanced recommendations and AI to improve user experience and increase average order sizes, effectively supporting B2B distributors with large product catalogs.

Bridgeline Digital (NASDAQ: BLIN) announced that its new product suite, TruPresence, has been selected by a national auto parts franchise to enhance their site’s search experience. This franchise, boasting over 200 locations and a vast inventory, requires a solution capable of managing large catalogs. TruPresence, debuted at the International Franchise Association Convention on February 26, offers advanced AI-powered search capabilities to meet specific auto industry needs, thereby enhancing user experience and potentially boosting conversion rates.

Bridgeline Digital (NASDAQ: BLIN) has announced that its site search product, Hawksearch, will power on-site search for five eCommerce sites owned by a major sporting goods wholesaler. This endorsement signifies Hawksearch's growth in the sporting goods sector, where it addresses the unique challenges of high SKU-count catalogs and sports-specific terminology. The AI-driven tool enhances user experience by learning from customer behavior, optimizing search results and product recommendations. CEO Ari Kahn expressed enthusiasm for supporting partners in the sports industry.

Bridgeline Digital (NASDAQ: BLIN) has launched a new product suite named TruPresence aimed at the franchise industry and multi-location businesses. This suite offers specialized software for managing multiple websites, including location pages, local eCommerce, and advanced analytics. The product reflects Bridgeline’s longstanding commitment to franchise partners, having supported Fortune-500 clients for over a decade. TruPresence will debut at the International Franchise Association’s Annual Convention on February 26, 2022, showcasing its capabilities to enhance online brand presence and drive local affiliate growth.

Bridgeline Digital, Inc. (NASDAQ: BLIN) reported a remarkable 51% increase in total revenue for Q1 FY2022, totaling $4.3 million compared to $2.8 million last year. Subscription and licenses revenue surged 71% to $3.4 million, representing 80% of total revenue. Gross profit climbed 60% to $3 million, with a gross margin of 70%.

Despite these gains, the company reported an operating loss of $0.5 million.

Bridgeline Digital, Inc. (NASDAQ: BLIN) will announce its financial results for Q1 2022 on February 10, 2022, at 4:30 p.m. ET. CEO Ari Kahn and CFO Thomas Windhausen will host a live conference call to discuss the results. Interested parties can access the call at (877) 837-3910 (domestic) or (973) 796-5077 (international). A replay will be available for one week. Bridgeline specializes in cloud-based marketing technology, aiming to enhance online revenues through its Unbound platform and associated applications. For more details, visit their website.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced that a Fortune Top 100 technology company has implemented its site search software, Hawksearch, enhancing their online platform. This multi-year partnership adds to Bridgeline's portfolio, which includes collaborations with notable firms like AstraZeneca and UPS. The AI-powered capabilities of Hawksearch aim to boost conversions through improved navigation and recommendations. CEO Ari Kahn expressed pride in delivering enterprise-class solutions that drive ROI swiftly. Bridgeline continues to support various industries, including technology and retail.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has been selected by a leading online promotional product company to implement its site search software, aimed at enhancing on-site search experiences and boosting revenue.

The promotional product company, which serves over 40,000 customers, aims to improve customer product discovery through Bridgeline's advanced algorithms and Natural Language Processing technology. This partnership reflects Bridgeline's growing prominence in the promotional product market as it continues to secure major clients to expand their eCommerce capabilities.

Bridgeline Digital reported fiscal 2021 revenue of $13.3 million, a 22% increase from the previous year. In Q4 2021, revenue reached $4.1 million, up 52% year-over-year. Subscription and licenses revenue grew by 67% to $3.4 million, contributing 82% of total revenue. Gross profit rose by 53% to $2.8 million, with a gross margin of 68%. Despite these gains, the company incurred a net loss of $1.3 million in Q4 2021, compared to a profit of $1.1 million in Q4 2020. Bridgeline aims to leverage its strong cash position for growth in 2022.