earnings
confidence high
sentiment negative
materiality 0.55
Bridgeline Q1 FY2024 revenue $3.8M; net loss $0.6M vs prior year net income $0.1M
Bridgeline Digital, Inc.
2024-Q1 EPS reported
-$0.06
revenue$3,755,000
- Total revenue $3.8M, down 7% YoY from $4.1M; subscription/license revenue $3.1M vs $3.2M.
- Operating loss $0.6M vs $0.4M prior; net loss $0.6M vs net income $0.1M prior year.
- Signed $2.5M in new contracts with 28 license sales adding >$750K ARR; Net Revenue Retention >90%.
- Launched Smart Search and Rapid UI for HawkSearch; drove highest new license bookings under CEO.
- Search now >50% of revenue; strong pipeline in electrical, building materials, insurance, education.