secwatch.observer — SEC 8-K summary
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Issuer:     Bridgeline Digital, Inc. (BLIN)
CIK:        0001378590
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001437749-22-016777
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bridgeline adds $690K in new license ARR in Q3; TruPresence grows, Hawksearch earnout saves $600K
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- Closed 23 license sales totaling over $690K ARR in fiscal Q3 ended June 30, 2022.
- TruPresence franchise product added over $100K ARR YTD; won Federal Credit Union, Belmetrics, Michael Murphy Sports.
- Existing customer renewals represented $1.7M TCV for 118 renewing customers including 7-Eleven and Shell.
- Negotiated discount on final Hawksearch earnout payment saves $600K due Jan 2023 in exchange for early payment.
- Released new Magento and Kentico connectors; won SAGE Publishing and a large financial institution for Hawksearch.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378590/000143774922016777/0001437749-22-016777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378590/000143774922016777/blin20220705_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-016777

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer