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
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(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.)