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Bridgeline Digital Q3 revenue rises slightly on core product growth

Bridgeline Digital Q3 revenue rises slightly on core product growth


Overview

  • AI marketing tech firm's fiscal Q3 revenue grew slightly yr/yr, driven by core product sales

  • Subscription revenue was flat, while services revenue rose modestly compared to last yr

  • Net loss for fiscal Q3 narrowed to $0.5 mln from $0.8 mln last yr


Outlook

  • Company did not provide specific financial guidance or outlook for future periods


Result Drivers

  • CORE PRODUCT GROWTH - Core product revenue rose 13% in the trailing 12 months and accounted for a greater share of total and subscription revenue

  • NEW CUSTOMER WINS - Co reported a record-tying quarter with 9 new customer wins and 10 sales to existing customers, totaling $1.7 mln in contract value

  • PRODUCT INNOVATION - Co advanced Hawk AI Shopping Agent and expanded Aura AI Agent framework, supporting intelligent product discovery and buying experiences


Company press release: ID:nACSslWxja


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

$468,000

Q3 Adjusted EBITDA

-$102,000

Q3 Income From Operations

Miss

-$470,000

-$50,000 (1 Analyst)

Q3 Pretax Loss

Miss

$463,000

$50,000 (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"

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Aug 13 - Rise of AI shopping pushes merchants to protect loyalty, Adyen says

  • Aug 10 - Viant Technology Q2 revenue beats estimates on attention intelligence integration

  • Aug 11 - Inuvo Q2 revenue misses on Legacy Search decline


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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