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Bridgeline Digital Q1 revenue rises

Overview

AI marketing tech firm's fiscal Q1 revenue rose to $3.9 mln, up from last year

Subscription revenue grew 4% yr/yr to $3.2 mln

Net loss for fiscal Q1 narrowed to $0.1 mln from $0.6 mln last year

Outlook

Bridgeline aims to leverage AI for future product enhancements

Result Drivers

CORE PRODUCTS GROWTH - Bridgeline's core products, led by HawkSearch, grew by 17% and now represent over 63% of subscription revenue, according to CEO Ari Kahn

NEW CONTRACTS - In Q1, Bridgeline sold 13 new subscription contracts worth $1.2 mln, adding over $370,000 in annual recurring revenue

HAWKSEARCH ENHANCEMENTS - Enhancements to HawkSearch, including new UX platform Spark and AI Content Extractor, supported AI-driven revenue growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Adjusted EBITDA$122,000
Q1 Income From OperationsBeat-$171,000-$180,000 (1 Analyst)
Q1 Pretax ProfitBeat-$81,000-$180,000 (1 Analyst)
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the software peer group is "buy" Wall Street's median 12-month price target for Bridgeline Digital Inc is $4.62, about 529.9% above its February 11 closing price of $0.73 Press Release: ID:nACSm39J3a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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