Bridgeline Stock Price, News & Analysis

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced that a top 10 U.S. electrical distributor has expanded its license with Bridgeline's HawkSearch to enhance its Salesforce B2B Commerce experience. The expansion will support over 740 profit centers, improving product discovery with the Unit of Measure Conversion feature and providing additional hosting services for increased traffic demands.

The Unit of Measure Conversion feature allows customers to receive consistent results when searching for products sold in different units, streamlining the search and purchase process. HawkSearch's B2B-focused solutions are designed to meet the complex needs of industries like manufacturing and distribution, serving customers such as Trident Enterprises, Filters Fast, and Grizzly Industrial.

Ari Kahn, CEO of Bridgeline, stated that their solutions help businesses overcome challenges like managing dimensional products and scaling infrastructure for growth, positioning the distributor for continued operational efficiency and sales growth.

Bridgeline Digital (NASDAQ: BLIN) has announced a strategic partnership with Human Element, a leading eCommerce services agency, to integrate Bridgeline's HawkSearch AI technology into eCommerce platforms. This collaboration aims to enhance customer engagement and drive sales for B2B and B2C merchants using Adobe Commerce (Magento), BigCommerce, and Shopify platforms.

HawkSearch's AI-powered search solutions will be leveraged to provide tailored results for online shoppers. Human Element, with its 20 years of experience in eCommerce integrations, will implement this technology to improve the overall shopping experience. This partnership aligns with both companies' goals of expanding market presence and delivering superior search functionality to meet evolving consumer needs.

Bridgeline Digital (NASDAQ: BLIN) has partnered with Product Genius Technology to enhance its HawkSearch AI technology for the fastener industry. This collaboration will integrate Product Genius Technology's patented search application into HawkSearch, simplifying the search, sort, and display of complex product categories like fasteners. The partnership aims to increase conversions for eCommerce sites with large and complicated product catalogs.

HawkSearch will be the first to market with this patented technology, which eliminates the need for filtering systems that often lead to poor customer experiences. This integration is expected to enhance customer engagement and drive sales within the fastener eCommerce sector. The collaboration aligns with Bridgeline's strategy to expand its market presence in the fastener industry and improve product discovery for customers.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has announced that a leading national aftermarket automotive truck parts retailer has chosen its AI-powered HawkSearch to enhance product discovery on their eCommerce website. The retailer will utilize HawkSearch's Smart Search feature, which allows customers to enter concepts or questions and receive tailored, relevant results.

Smart Search can handle complex queries like 'best tires for an 18-wheeler used in long-haul trucking', providing not only top-rated tires but also recommending related products. It can also identify and suggest ideal tire replacements from customer-uploaded photos. Ari Kahn, CEO of Bridgeline, emphasized the company's commitment to boosting revenue for eCommerce retailers in the automotive aftermarket industry through personalized and accurate shopping experiences.

Bridgeline Digital (NASDAQ: BLIN) has launched Multi-Site Management (MSM), a new feature for its HawkSearch platform. MSM enables centralized management of multiple websites while allowing local sites to customize content for their markets. This feature was developed for a customer managing 750 websites and is ideal for organizations overseeing numerous local sites.

MSM offers corporate-level control while providing flexibility for local merchandising needs. It simplifies product updates across hundreds of stores using an automated indexing capability. Ari Kahn, CEO of Bridgeline, emphasized that MSM helps B2B distributors and franchises manage their store website networks more efficiently, reducing costs and increasing revenue by addressing local demands effectively.

Bridgeline Digital (NASDAQ: BLIN) announced its financial results for the third quarter ended June 30, 2024. The company reported total revenue of $3.9 million, consistent with the prior year period. Subscription and licenses revenue was $3.0 million, slightly down from $3.2 million. Gross profit increased to $2.7 million from $2.6 million, with the gross margin improving to 69%. However, the company reported a net loss of $0.3 million, narrowed from $0.8 million in the same period last year.

For the first nine months of FY2024, total revenue was $11.5 million, compared to $12.1 million in the prior year. Subscription and licenses revenue was $9.1 million, down from $9.7 million. The gross profit for this period stood at $7.8 million, down from $8.3 million, while the gross margin remained steady at 68%.

Bridgeline signed $1.4 million in new customer contracts and saw AI advancements drive product sales. HawkSearch was recognized by Gartner, Info-Tech, and FeaturedCustomers. Partnerships with BigCommerce and Optimizely were highlighted.

Bridgeline Digital, Inc. (NASDAQ: BLIN), a leader in AI-powered marketing technology, has announced the release of its financial results for the third quarter of fiscal 2024. The results will be made public after market close on Wednesday, August 14, 2024. Following the release, the company will host a live conference call at 4:30 p.m. ET on the same day to discuss the financial outcomes.

The call will be led by Ari Kahn, Bridgeline's President and CEO, and Thomas Windhausen, the CFO. Interested participants are encouraged to register in advance using the provided URL. Upon registration, they will receive dial-in numbers and a unique PIN for access to the call.

Bridgeline Digital (NASDAQ: BLIN) announced that a large pin and accessories retailer has chosen its AI-powered HawkSearch solution for its BigCommerce site. The retailer will utilize HawkSearch's Rapid UI and Recommendations features to enhance sales and improve the shopping experience. Rapid UI allows for quick implementation of industry-tailored features without extensive developer involvement, while Recommendations creates personalized shopping experiences to increase average order size.

The AI-powered search capabilities of HawkSearch are designed to create easily navigable online shopping experiences that drive sales. For example, when a customer searches for 'Sport Pins' and selects a 'Baseball Chenille Pin', HawkSearch will recommend other sport-themed pins and pins with chenille material, facilitating product discovery and potentially increasing sales.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced that Grizzly Industrial, a leading industrial supplier of woodworking and metalworking machinery, has chosen HawkSearch to power search on its eCommerce website. HawkSearch will enhance Grizzly's product discovery with features tailored to the machinery industry, including advanced part number search, unit of measurement conversion, and merchandising tools for product-specific campaigns.

Brian Jensen, Marketing Director for Grizzly Industrial, praised HawkSearch's flexibility and consistent results. The system efficiently handles both partial details and functional descriptions, as demonstrated by its ability to suggest relevant matches for inputs like 'table saw' or specific models. This implementation adds to Bridgeline's growing presence in the industrial supply sector, alongside other clients like Woodcraft and Northern Tool.