Bridgeline Q1 revenue up 51% to $4.3M; net income $1.9M vs prior year loss

Bridgeline Digital, Inc.

2022-Q1 EPS reported $0.06 revenue$4,286,000

Total revenue $4.3M (+51% YoY); subscription & licenses revenue $3.4M (+71% YoY).
Net income $1.9M ($0.18 basic EPS) vs net loss $1.2M ($0.26 loss) in prior year.
Gross margin expanded to 70% from 66%; operating loss of $0.5M vs income of $0.2M.
Adjusted EBITDA fell to $0.1M from $0.7M, impacted by acquisition costs.
Acquisitions of WooRank and Hawksearch drove customer base to over 2,000 and enabled cross-selling.

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