Bridgeline Digital Q1 revenue rises

Reuters02-13
<a href="https://laohu8.com/S/BLIN">Bridgeline</a> Digital Q1 revenue rises

Overview

  • AI marketing tech firm's fiscal Q1 revenue rose to $3.9 mln, up from last year

  • Subscription revenue grew 4% yr/yr to $3.2 mln

  • Net loss for fiscal Q1 narrowed to $0.1 mln from $0.6 mln last year

Outlook

  • Bridgeline aims to leverage AI for future product enhancements

Result Drivers

  • CORE PRODUCTS GROWTH - Bridgeline's core products, led by HawkSearch, grew by 17% and now represent over 63% of subscription revenue, according to CEO Ari Kahn

  • NEW CONTRACTS - In Q1, Bridgeline sold 13 new subscription contracts worth $1.2 mln, adding over $370,000 in annual recurring revenue

  • HAWKSEARCH ENHANCEMENTS - Enhancements to HawkSearch, including new UX platform Spark and AI Content Extractor, supported AI-driven revenue growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Adjusted EBITDA

$122,000

Q1 Income From Operations

Beat

-$171,000

-$180,000 (1 Analyst)

Q1 Pretax Profit

Beat

-$81,000

-$180,000 (1 Analyst)

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for Bridgeline Digital Inc is $4.62, about 529.9% above its February 11 closing price of $0.73

Press Release: ID:nACSm39J3a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment