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Bridgeline Digital (BLIN)
NASDAQ:BLIN
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Bridgeline Digital
(NASDAQ:BLIN)
Rating:56Neutral
Price Target:
$1.50
▼( -3.23% Downside)
Bridgeline Digital (BLIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.47M
Dividend YieldN/A
Average Volume (3M)57.81K
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth1.30%
EPS Growth75.93%
CountryUS
Employees51
SectorTechnology
Sector Strength78
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.06
Shares Outstanding11,916,588
10 Day Avg. Volume50,845
30 Day Avg. Volume57,806
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.64
Price to Sales (P/S)0.00
P/FCF Ratio-2.36K
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue0.27
Enterprise Value/Gross Profit1.57
Enterprise Value/Ebitda-3.85
Forecast
1Y Price Target
$4.62Price Target Upside198.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Bridgeline Digital Business Overview & Revenue Model
Company DescriptionBridgeline Digital, Inc. operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives. The company also provides Bridgeline Unbound Marketing, an online marketing management solution that helps marketers drive to their sites through personalized and targeted marketing automation flows; and Bridgeline Unbound Insights to manage, measure, and optimize web properties by recording detailed events and mining data for statistical analysis. In addition, it offers Bridgeline Unbound Social, a social media management solution that empowers customers to set up customized watch lists; and Bridgeline Unbound Franchises, a web content management and e-commerce platform to multi-unit organizations and franchises. Further, the company provides digital strategy, web design and development, usability engineering, information architecture, and search engine optimization services; application monitoring, emergency response, version control, load balancing, managed firewall security, and virus protection services; and shared, dedicated, and Software as a Service hosting services. Further, it offers OrchestraCMS by Bridgeline and Celebros Search by Bridgeline digital solutions. It serves vertical markets, such as financial services, retail brand names, health services and life sciences, technology, credit unions and regional banks, and associations and foundations through its direct sales force. The company was formerly known as Bridgeline Software, Inc. Bridgeline Digital, Inc. was founded in 2000 and is based in Burlington, Massachusetts.
How the Company Makes MoneyBridgeline Digital generates revenue primarily through the sale of its software solutions and services. The company's revenue model is based on a combination of subscription fees for its software-as-a-service (SaaS) offerings and professional services fees for implementation, support, and consulting. Key revenue streams include licensing fees from its Bridgeline Unbound platform and related digital marketing tools. Additionally, Bridgeline may engage in strategic partnerships that enhance its product offerings and expand its customer base. The company's earnings are influenced by factors such as the adoption rate of its technology solutions, the retention and expansion of its customer accounts, and its ability to innovate and provide value-added services to meet evolving market demands.
Bridgeline Digital Financial Statement Overview
Summary
Bridgeline Digital faces operational challenges with declining revenues and consistent net losses, impacting its income statement score. The balance sheet reflects low leverage and reasonable equity stability, but declining asset values are a concern. Cash flow management has shown recent improvements with a positive free cash flow, yet overall profitability remains a challenge. The company needs to focus on improving profitability and stabilizing revenue streams to enhance financial health.Income Statement
Bridgeline Digital shows a declining revenue trend with a negative net income and EBIT, indicating operational challenges. The gross profit margin remains healthy at around 66% for TTM, but the net profit margin is negative, which highlights profitability issues. Revenue has decreased over the last three years, with a slight improvement in the most recent TTM compared to 2023 fiscal year.45
Neutral
Balance Sheet
The company maintains a strong equity position with a debt-to-equity ratio of 0.03 in TTM, indicating low leverage and a stable financial structure. However, total assets and stockholders' equity have decreased over the past years. The equity ratio is relatively strong at 61.42% for TTM, suggesting stability despite declining assets.60
Neutral
Cash Flow
Free cash flow has improved recently, turning positive in the TTM period, which is a positive sign. The operating cash flow to net income ratio indicates challenges in converting income into cash. Despite historical fluctuations, the recent positive free cash flow suggests improvements in cash management.55
Neutral
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 15.46M | 15.36M | 15.88M | 16.82M | 13.26M | 10.91M | Gross Profit |
| 10.51M | 10.43M | 10.87M | 11.70M | 8.73M | 6.40M | EBIT |
| -2.12M | -2.02M | -9.91M | -1.73M | 140.00K | -318.00K | EBITDA |
| -1.39M | -979.00K | -880.00K | -282.00K | 835.00K | 1.31M | Net Income Common Stockholders |
| -2.10M | -1.96M | -9.44M | 2.15M | -6.69M | 326.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.33M | 1.39M | 2.38M | 2.86M | 8.85M | 861.00K | Total Assets |
| 17.70M | 15.60M | 17.63M | 27.51M | 34.97M | 10.66M | Total Debt |
| 2.25M | 689.00K | 1.09M | 1.61M | 2.41M | 382.00K | Net Debt |
| 922.00K | -701.00K | -1.29M | -1.25M | -6.44M | -479.00K | Total Liabilities |
| 6.04M | 5.60M | 6.17M | 7.16M | 17.39M | 6.30M | Stockholders Equity |
| 11.66M | 10.01M | 11.46M | 20.35M | 17.58M | 4.36M |
| Cash Flow | Free Cash Flow | ||||
| -8.00K | -794.00K | 252.00K | -329.00K | -1.10M | -498.00K | Operating Cash Flow |
| 23.00K | -765.00K | 277.00K | -134.00K | -989.00K | -498.00K | Investing Cash Flow |
| -31.00K | -29.00K | -25.00K | -195.00K | -4.52M | 0.00 | Financing Cash Flow |
| 1.47M | -209.00K | -649.00K | -5.48M | 13.47M | 1.05M |
Bridgeline Digital Technical Analysis
Negative
1.55
Price Trends
1.64
Negative
1.67
Negative
1.40
Positive
Market Momentum
-0.02
Positive
41.06
Neutral
2.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLIN, the sentiment is Negative. The current price of 1.55 is below the 20-day moving average (MA) of 1.79, below the 50-day MA of 1.64, and above the 200-day MA of 1.40, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 2.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLIN.
Bridgeline Digital Risk Analysis
Bridgeline Digital disclosed 26 risk factors in its most recent earnings report. Bridgeline Digital reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bridgeline Digital Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $11.29B | 10.01 | -7.02% | 2.96% | 7.46% | -11.75% | |
56 Neutral | $18.47M | ― | -19.92% | ― | 1.30% | 75.93% | |
49 Neutral | $16.92M | ― | -501.24% | ― | 141.65% | -28.86% | |
| $19.55M | ― | -55.41% | ― | ― | ― | ||
47 Neutral | $19.77M | ― | -17.07% | ― | -13.06% | -151.73% | |
| $15.15M | ― | -32.55% | ― | ― | ― | ||
36 Underperform | $12.01M | ― | -168.81% | ― | -44.85% | 92.11% |
* Technology Sector Average
Performance Comparison
BLIN
Bridgeline Digital
1.55
0.36
30.25%
DTSS
Datasea
2.21
-2.81
-55.98%
XTKG
X3 Holdings
1.42
-11.78
-89.24%
IPM
Intelligent Protection Management
2.14
-1.30
-37.79%
EDTK
Skillful Craftsman Education Technology
0.95
-0.16
-14.41%
JZ
Jianzhi Education Technology Group Company Limited ADR
0.43
-1.77
-80.45%
Bridgeline Digital Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q2-2025)
| % Change Since: -14.36%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Neutral
Bridgeline Digital demonstrated strong sales performance for its HawkSearch products and made strategic investments in marketing to fuel future growth. However, the overall revenue growth remained flat due to declines in noncore revenue, and the company faced increased operating expenses and net losses.Q2-2025 Updates
Positive Updates
Strong Sales for HawkSearch Products
Bridgeline signed 20 licensed sales in Q2 FY '25, adding $1.7 million in new contracts and $700,000 in annual recurring revenue, with a sales cycle of 120 days and a 19% win rate on qualified leads.
Capital Raise for Marketing Expansion
A $2.2 million capital raise was completed to expand sales and marketing, with plans to double ad spend and increase lead generation.
Core Revenue Growth
Core products, which represent 60% of subscription revenue, showed double-digit growth with net revenue retention of 113%.
HawkSearch Product Development
Launch of Smart Conversation and Smart Response features, enhancing the AI capabilities of HawkSearch.
Partnerships and Global Expansion
HawkSearch partnered with Shopware and Groove Commerce, expanding its reach in global and B2B markets.
Increase in Subscription and License Revenue
Subscription and license revenue increased to $3.1 million from $3.0 million in the prior-year period.
Improved Gross Margins
Overall gross profit margin improved to 68% from 66% in the prior-year period.
Negative Updates
Flat Total Revenue
Total revenue was $3.9 million, only a slight increase from $3.8 million in the prior-year period, due to declines in noncore revenue.
Increased Operating Expenses
Operating expenses increased to $3.4 million from $3 million in the prior-year period, including additional marketing spend and restructuring expenses.
Net Loss and Negative Adjusted EBITDA
Net loss was $700,000, worse than the $600,000 net loss in the prior-year period. Adjusted EBITDA was negative $239,000 compared to negative $83,000 in March '24.
Company Guidance
During the Bridgeline Digital Second Quarter 2025 Earnings Call, the company provided detailed guidance on their financial performance and strategic initiatives. Bridgeline reported $3.9 million in total revenue for the quarter, with subscription and license revenue making up 79% of this figure, reflecting a 3% increase from the previous year. The company signed 20 new licensed sales, adding $1.7 million in new contracts and $700,000 in annual recurring revenue, with a sales cycle of 120 days and a 19% win rate on qualified leads. Year-to-date, Bridgeline has booked $4.2 million in contracts, with $1.6 million in annual recurring revenue. The company raised $2.2 million to expand sales and marketing, which is expected to impact Q4 bookings and Q1 FY '26 revenue. Bridgeline's core revenue, led by HawkSearch and WooRank, accounts for over 60% of subscription revenue and achieved double-digit growth with a net revenue retention rate of 113%. Despite noncore revenue declines, Bridgeline expects core growth to outpace these declines by FY '26. The company also highlighted enhancements to its Hawk AI features and strategic partnerships, positioning itself as a leader in AI-powered e-commerce search solutions.Bridgeline Digital Corporate Events
Executive/Board Changes
Brandon Ross Joins Bridgeline Digital’s Board of Directors
Neutral
Feb 14, 2025
On February 10, 2025, Michael Taglich resigned from the Board of Directors of Bridgeline Digital, Inc., with his departure not due to any disagreements with the company. Subsequently, on February 14, 2025, Brandon Ross was appointed to the Board as a Class III Director to fill the vacancy. Ross, a seasoned investment banker with over 30 years in financial services, has a significant background in handling public and private offerings, making him a strategic addition to Bridgeline Digital’s board.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.