earnings
confidence high
sentiment negative
materiality 0.60
Bridgeline Digital Q3 FY2023 revenue $3.9M, net loss $0.8M vs prior year net income $0.4M
Bridgeline Digital, Inc.
2023-Q3 EPS reported
-$0.13
revenue$12,087,000
- Total revenue $3.9M, down 7% from $4.2M YoY; subscription revenue $3.2M vs $3.4M.
- Net loss $0.8M vs net income $0.4M in Q3 FY2022; operating loss widened to $0.7M from $0.4M.
- Core products (HawkSearch) grew >15% CAGR, signed over $1M in new contracts in Q3.
- Total new sales over $1.2M, including $600K license contracts; $200K annual recurring revenue added.
- Gross margin 68% vs 70% YoY; 9-month net loss $1.4M vs net income $2.6M in prior year.